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).
This month’s edition of the RP iGaming Index sees Regulus Partners’ Paul Leyland cautiously optimistic about an upswing in the performance of igaming stocks. Market consolidation, meanwhile, has boosted a number of constituent companies.
The iGamingBusiness.com Nordic dashboard, in partnership with H2 Gambling Capital, suggests that the region will grow to a €4.46bn market by 2023, boosted by the introduction of igaming regulation in Sweden.
William Hill has posted a £721.9m (€840.3m/$955.8m) pre-tax loss for 2018, as a result of an £882.8m write-down of the value of its retail business ahead of maximum B2 machine stakes being cut to £2 from April. Despite this, the operator hailed good underlying progress achieved over the year, with 2018 revenue up 2% year-on-year to £1.6bn.
US racetrack and casino operator Churchill Downs Incorporated (CDI) has cited its racing and online advance deposit wagering (ADW) divisions as key drivers of a 14.3% year-on-year increase in revenue for 2018.
Shareholders and creditors of Spanish and Latin American focused gambling operator Codere have reached an agreement on a €1.1 billion ($1.4 billion) debt restructuring that will allow bondholders to take control of the company.
Grant Humphrey, assistant director of transaction support at Ernst & Young, asks whether there is a correlation between UK betting and gaming revenue and the performance of the UK economy and how listed companies' shares are affected by the ups and downs of economic cycles.
The UK Gambling Commission has updated its 'Industry Statistics 2008-2013' and provides the latest information on each industry sector – arcades, betting, bingo, casinos, gaming machine manufacturers, lotteries and remote gambling.