Sazka Group believes it is coming to the end of the disruption caused by the novel coronavirus (Covid-19) pandemic, but says the rapidly evolving situation makes it difficult to determine the crisis' economic impact on the business.
The British Horseracing Association (BHA) has defended its decision to delay any resumption of racing in the UK, after its chief executive Nick Rust was reportedly urged to resign over the organisation’s handling of the crisis.
The eligibility requirements for the Paycheck Protection Program (PPP) have been amended to allow small gambling businesses to benefit from the fund, following an intense lobbying effort from the American Gaming Association (AGA).
Sweden’s former horse racing monopoly operator AB Trav och Galopp (ATG) has reported a 10.7% year-on-year increase in net gaming revenue for the first quarter of 2019 to SEK1.11bn (£89.0m/€102.1m/$110.7m).
New Zealand’s Racing Industry Transition Agency (RITA) has announced initial approval for businesses and stakeholders in the country’s thoroughbred and harness racing sectors to return to work on 28 April.
German gaming giant Gauselmann Group has begun planning to resume business activities in the country as the country's government begins to relax social distancing measures implemented to combat the spread of novel coronavirus (Covid-19).
Kindred Group reported an 11.3% rise in first quarter revenue, and while net profit fell to £1.0m, the operator said a number of exceptional costs incurred during the period made it difficult to compare results on a year-over-year basis.
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%.