Daily news

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    Casino operator Eldorado Resorts posted a $175.6m net loss for the first quarter of 2019 after a strong start to the period was hindered by the closure of its venues as a result of the novel coronavirus (Covid-19).

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    Scientific Games saw revenue decline 13.0% to $725m and losses increase to $159m as the novel coronavirus (Covid-19) hit the business in terms of both lower revenue and higher impairment costs.

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    Caesars Entertainment Corporation (CEC) reported $123m in comprehensive profit for the first quarter of 2020, despite experiencing a year-on-year drop in revenue due to enforced casino closures as a result of the novel coronavirus (Covid-19) outbreak.

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    Allied Esports Entertainment, the esports event business that includes World Poker Tour (WPT), has posted increased losses and lower revenue for the first quarter of 2020, due in part to the novel coronavirus (Covid-19) global pandemic.

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    Indiana sportsbook revenue and handle continued to decline due to novel coronavirus (Covid-19), with sportsbooks in the state reporting revenue of $1.6m for April, down 71.7% from March.

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    XLMedia has concluded a strategic review that will see the affiliate marketing business "streamline" a number of roles and functions across the business, resulting in annual cost savings of more than $5m.

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    China’s lottery industry has reported sales of CNY10.51bn for March, a vast improvement on February’s CNY1.3m, though this represents a 69.9% year-on-year decline.

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    Romania’s National Gambling Office has added 41 new domains to the country’s blacklist of illegal gambling websites, with internet service providers now required to block access to the sites.

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    The Iowa Racing and Gaming Commission (IRGC) has reported an 87.2% month-over-month decline in sports betting revenue for April, after the novel coronavirus (Covid-19) pandemic all but cleared the sporting calendar and shuttered the state’s casinos.

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    Greek gambling operator OPAP is to reopen its network of retail stores across the country after the national government lifted certain restrictive measures related to the novel coronavirus (Covid-19).

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    Gaming technology supplier AGS has said that enforced closures as a result of the novel coronavirus (Covid-19) global pandemic were to blame for it posting a loss of $22.6m (£18.4m/€20.9m) in the first quarter.

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    Gambling software provider GAN has revealed that it was able to generate a total of $62.4m from its US initial public offering, signficantly more than it had initially anticipated.

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    A consultation on proposed restrictions for Swedish online casino licensees has seen operators and industry associations condemn the new rules, echoing gambling regulator Spelinspektionen's assessment that the controls would only benefit unlicensed operators.

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    Sweden’s Gaming Authority (Spelinspektionen) has questioned some of the new player protection restrictions the country’s government plans to introduce as the country deals with the novel coronavirus (Covid-19) pandemic.

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    Dutch state-owned land-based operator Holland Casino and national gambling industry trade association VAN Kansspelen have hit out at the government’s decision to keep casinos and gaming arcades closed until September, describing the decision as “irresponsible”.

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    Dutch gambling regulator Kansspelautoriteit (KSA) has warned consumers over the dangers of taking part in illegal poker tournaments, after noting an increase in such events during the ongoing novel coronavirus (Covid-19) crisis.

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    H2 Gambling Capital has downgraded its 2020 expectations for global gambling gross win to $375.9bn, nearly $100bn or 20.6% below its pre-outbreak forecast

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    Sports data and integrity solutions provider Sportradar will deliver a comprehensive integrity programme to protect the Overwatch League and Call of Duty League from betting related corruption, through a new partnership with games publisher Activision Blizzard.

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    The Deutsche Fussball Liga (DFL), the sport’s governing body in Germany, has announced that the top-tier Bundesliga and 2. Bundesliga second division will resume play on 16 May.

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    Switzerland’s Stadtcasino Baden Group, operator of Grand Casino Baden and co-owner of Casino Davos, has revealed that it generated revenue of CHF7.6m (£6.3m/€7.2m/$7.8m) through the launch of online gaming in 2019.

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