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.
France’s online gambling market reported a 5.6% year-on-year decline in revenue for the second quarter after the sports betting vertical saw stakes and revenue plummet as a result of novel coronavirus (Covid-19).
The significant expansion and diversification of Flutter Entertainment’s operations through its acquisition of The Stars Group helped the operator mitigate the disruption caused by novel coronavirus (Covid-19) in the first half of the year.
Online gambling revenues drastically increased in Portugal during lockdown, with operators bringing in revenue of €138.9m, up 44.2%, in the first half of 2020, new figures from the Serviço de Regulação e Inspeção de Jogos (SRIJ) have revealed.
Acroud - the affiliate marketing business formerly known as Net Gaming - saw revenue drop by 10.5% to €6.8m in the first half of 2020 as casino declines offset poker growth while profits were halved by currency fluctuations.
Asian casino operator Galaxy Entertainment Group (GEG) saw revenue for the six months to 30 June drop 76.3% with the operator expecting further headwinds from the ongoing impact of novel coronavirus (Covid-19) on its Macau venues.
Spanish gambling revenue grew 12.5% year-on-year in the first quarter of 2020, thanks to growth across all verticals including sports betting, despite the suspension of major sporting events from mid-March due to novel coronavirus (Covid-19).
Online gambling operator 888 Holdings has said it expects to post higher-than-forecast earnings before interest, tax, depreciation and amortisation (EBITDA) for the 2020 calendar year, despite the impact of the novel coronavirus (Covid-19) pandemic on its business.
France’s igaming market showed little signs of the impact of novel coronavirus (Covid-19) in the first quarter of 2020, with L’Autorité de régulation des jeux en ligne (ARJEL) warning that the full impact would be seen in subsequent quarters.