SunCity Group has issued a profit warning despite significantly reducing losses in the first half of 2020, while the business' chair Alvin Chau Cheok Wa is to provide an additional HK$6bn (£5853m/€648.6m/US$774.3m) in funding.
South African racing operator Phumelela Gaming and Leisure Group has published its business rescue plan, which could see it sell its horse racing business as it struggles with debts of up to ZAR1.17bn.
The first four weeks of legal online casino in West Virginia saw players wager $37.2m on DraftKings’ casino products, resulting in revenue of $824,639, the latest figures from the West Virginia Lottery Commission reveal.
Sands China, Las Vegas Sands’ Macau-based integrated resorts subsidiary, saw revenue plummet 81.0% year-on-year in the six months to 30 June, with visitor numbers plummeting due to travel restrictions to the Chinese special autonomous region.
GVC Holdings has reported an 11.2% year-on-year decline in revenue for the first half of 2020, after online growth failed to offset declines in UK and European retail resulting from the novel coronavirus (Covid-19) lockdown.
New Jersey’s sports betting revenue climbed 65.2% year-on-year in July, but the state’s land-based casino market saw further declines as it continued to feel the impact of novel coronavirus (Covid-19) restrictions.
Sweden-based gaming operator LeoVegas has reported a year-on-year increase in revenue and net profit for the first half of the year, after it was boosted by a record performance during the second quarter.
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.
The British Horserace Betting Levy Board (HBLB) has agreed to provide an additional £3.2m in immediate and short-term funding to help the racing industry navigate the novel coronavirus (Covid-19) crisis.