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).
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.
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.
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.
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.
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.
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.
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.
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”.
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.
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.
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.