Svenska Spel chief executive Patrik Hofbauer said the operator is showing signs of recovery following the disruption caused by novel coronavirus (Covid-19), which led to a 9.6% year-on-year revenue decline in the first half of the year.
Czech gaming conglomerate Sazka Group has reported an 11.5% year-on-year decline in gross gaming revenue for the first quarter of 2020, after the business’s retail gaming operations were disrupted by the novel coronavirus (Covid-19) from mid-March.
Colombian regulator Coljuegos has updated its gaming regulation to help the sector weather the effects of the novel coronavirus (Covid-19) pandemic, allowing for the operation of scratchcards and video bingo games.
Lithuania’s land-based casino industry faces a “very high” risk from money laundering, while the remote gambling sector faces a high risk, according to a risk assessment carried out by the country’s government.
Greek gaming and lotteries giant Intralot has seen its net loss from continuing operations grow to €111.9m in 2019, after what the business described as a “transition year” in which group turnover and gross revenue both fell.
The increase in remote gaming duty (RGD) from April 2019 led to significant hike in tax paid by Great Britain’s gambling licensees paid for the fiscal year ended 31 March 2020, mitigating a decline in machine gaming duty (MGD).
Finnish gambling monopoly Veikkaus has revealed that the shut-down of its retail gaming network and significantly reduced sports betting options, both due to the novel coronavirus (Covid-19) pandemic has cut revenue by around 40.6%.
Greek gaming operator OPAP has reported a 4.7% year-on-year increase in revenue for 2019, though the shut-down of its retail network in the country looks set to have a significant impact on revenue and earnings in 2020.
The executive leadership of Scientific Games has voluntarily reduced its salaries by 50%, with chief executive Barry Cottle going without pay, as part of the solutions giant’s efforts to mitigate the novel coronavirus (Covid-19) pandemic.
While the fact German state lawmakers have reached a consensus on the future regulatory model for gambling has been welcomed, iGamingBusiness.com can reveal that the proposed controls for online slots and casino could bring further pain for the industry.
Schleswig-Holstein claims that Germany’s 16 federal states have made a breakthrough in negotiations over a new State Treaty on Gambling, describing the agreed model as a “really good result” for all jurisdictions.