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).
The eligibility requirements for the Paycheck Protection Program (PPP) have been amended to allow small gambling businesses to benefit from the fund, following an intense lobbying effort from the American Gaming Association (AGA).
Kindred Group reported an 11.3% rise in first quarter revenue, and while net profit fell to £1.0m, the operator said a number of exceptional costs incurred during the period made it difficult to compare results on a year-over-year basis.
Evolution Gaming has put a year-on-year rise in revenue and profit during the first quarter down to a rise in demand for its products, as a result of the absence of sports betting elsewhere due to the novel coronavirus (Covid-19) pandemic.
Betsson chief executive Pontus Lindwall described the operator’s first quarter performance as “strong in all areas” after it reported year-on-year revenue growth and achieved a hat-trick of key milestones in the period.
The recently formed Gamesys Group has suspended all non-targeted customer marketing, including television and radio advertising, to protect customers and minors under lockdown as a result of novel coronavirus (Covid-19).
Finnish gambling monopoly Veikkaus has revealed that the shut-down of its retail gaming network and significantly reduced sports betting options, both due to the novel coronavirus (Covid-19) pandemic has cut revenue by around 40.6%.
NetEnt has put a 23.9% year-on-year increase in revenue during the first quarter primarily down to growth within the UK and US market, though the supplier said both Sweden and Norway continued to underperform.
Greek gambling operator OPAP Group has agreed to acquire an additional stake in Stoiximan Group’s Greek and Cypriot operations (SMGC), after securing approval to proceed with its initial acquisition of a larger holding in the business.