Sweden-facing operator Svenska Spel has announced that all four of its Casino Cosmopol land-based facilities have temporarily closed, in line with new government-ordered measures to combat the spread of novel coronavirus (Covid-19).
Penn National Gaming (PNG) has taken measures to mitigate the effect of the novel coronavirus disease (Covid-19) on its business, selling and leasing back its Tropicana Las Vegas property and furloughing around 26,000 staff members.
Nevada casinos brought in $1.04bn in revenue while sportsbook revenue grew to $38.1m in the last full month before the novel coronavirus (Covid-19) pandemic led to a near-total shutdown of casinos and global sport.
MGM Resorts issued an earnings update amid the Covid-19 pandemic, reporting that revenue has declined for the first two months of 2020, but net income increased more than 500-fold because of the sale of the MGM Grand and Mandalay Bay venues.
By branching out into publishing, Yggdrasil has effectively licensed out of every aspect of its business. Chief executive Fredrik Elmqvist and head of publishing Björn Krantz explain why the supplier feels this will pioneer a new approach to online casino partnerships
Catena Media has reported a 5.7% year-on-year increase in revenue for the two months to 29 February, with the affiliate marketing giant saying that it anticipates further growth amid the novel coronavirus (Covid-19) pandemic.
888 Holdings has reported a rise in customer activity across its casino and poker services, but the online gambling operator warned its sports betting business is likely to suffer as a result of cancelled events worldwide.
Stockholm-listed NetEnt has opted to fully integrate slot developer Red Tiger into its business, and is to accelerate the payment of the earn-out attached to the acquisition to facilitate this process.
The American Gaming Association (AGA) has repeated its call for the federal government to support the US gambling industry after the last remaining commercial casinos temporarily closed their doors in response to the outbreak of novel coronavirus (Covid-19).