Revenue for Sazka Group-owned Greek gaming giant OPAP fell 34.8% year-on-year in the first half of the year due to the disruption caused by novel coronavirus (Covid-19). However, the operator said it saw performance rapidly recover once lockdown restrictions in Greece were eased and sporting events resumed.
Austrian gaming giant Novomatic Group saw revenue fall and posted a €108.1m loss for the first half of the year, after the business’ predominantly land-based operations were hit hard by the novel coronavirus (Covid-19) pandemic.
Southern European and Latin American operator Codere was hit hard by novel coronavirus (Covid-19) in the first half of 2020, with the pandemic shuttering its land-based venues and the resulting lack of sports weighing down its online business.
Danish gaming operator Danske Spil saw revenue decline 7.8% year-on-year to DKK2.30bn (£281.1m/€309.1m/$365.2m) for the six months to 30 June, though like-for-like profit fell by just 2.9% thanks to a strong period for its lottery division and lower costs.
Igaming content developer and distributor Gaming Realms has reported a 65.9% year-on-year rise in revenue for the first half of 2020, which in turn helped the business report positive earnings for the period.Ig
The British Horserace Betting Levy Board (HBLB) has invited bookmakers to consider whether to maintain or revise their monthly levy payments, after forecasting better-than-expected income since the resumption of racing.
Greek gaming and lotteries operator and supplier Intralot reported a 55.5% year-on-year decline in revenue for the first half of 2020, after its B2B and B2C operations suffered from ongoing struggles in Turkey and Bulgaria.
New Zealand caisno operator SkyCity Group saw revenue grow 36.8% to NZ$1.13bn as favourable win rates and insurance payouts from a 2019 fire offset a decline in normalised revenue due to the impact of the novel coronavirus (Covid-19). The year also saw its online business make its first contribution to group revenue, bringing in $10.2m.
Creditors of stricken South African horse racing operator Phumelela have voted to accept a business rescue deal from Mary Oppenheimer Daughters (MOD), effectively rejecting a takeover bid from British operator Betfred.