AGTech Holdings has reported a 22.7% year-on-year decline in revenue for the first six months of 2019, which was blamed on a HK$16.5m (£1.7m/€1.9m/$2.1m) decline in lottery hardware sales over the period.
In the second part of iGaming Business' rundown of the year to date's most popular news stories, we see that viewers were particularly interested in US developments, while regulatory progress in Germany also attracted a lot of hits.
Greek lotteries and gaming solutions provider Intralot has reported an 8.5% year-on-year decline in revenue for the first quarter of its financial year, following weaker performances from all key business units.
Strong growth in revenue failed to offset the impact of growing costs for Scientific Games in 2018, with the gaming solutions provider’s loss for the period growing to $352.4m (£269.3m/€310.1m). Revenue for the 12 months ended December 31, 2018 was up 9.1% year-on-year, with a marginal decline in gaming revenue - down 0.7% to $1.8bn - offset by strong growth in the social and digital divisions.
Scientific Games has cited the impact of integration-related savings as a major driver behind a year-on-year increase in attributable operating profit margin during the three months through to September 30.
Gavin Isaacs, president and chief executive of Scientific Games, said that the firm was able to make “significant progress” during the three months through to June 30, 2015, with the company posting growth across key financials.
Australian gambling company Tatts Group has unveiled details of a new lottery game that has been launched on the back of a financially successful year in which the firm's revenue increased by 1% year-on-year.
Contagious Gaming, developer of software solutions for the lottery and gaming markets, has reported significant year-on-year financial growth during the three months through to September 30 ahead of the commencement of a partnership with UK newspaper publisher Trinity Mirror.
Lottery technology business China LotSynergy Holdings is to target further growth in the second half of the year after it posted a year-on-year increase in net profit and turnover during the six months to June 30, 2014.
The regulatory framework for Dutch igaming is becoming clearer, although the first licences are unlikely to be issued before 2016. But as Younes Moussaoui and Justin Franssen of Kalff Katz & Franssen write, a tax rate of 20% gross gaming revenues or lower will depend on how much of the illegal market is driven out once regulation comes in.
Land-based casino firm Olympic Entertainment Group (OEG) has acquired 100% of Slovakian VLT casino slot operator WINWIN Slovakia and now plans to open its first VLT casino in the country during the first half of 2014.