888 Holdings has reported a rise in customer activity across its casino and poker services, but the online gambling operator warned its sports betting business is likely to suffer as a result of cancelled events worldwide.
The Philippine Amusement and Gaming Corporation (PAGCOR) has released an additional PHP6bn (£100.8m/€109.4m/$118.0m) in funds to the country’s government to help support national efforts related to the novel coronavirus (Covid-19) pandemic.
iGaming operator 888 Holdings is to delay the publication of its full-year results for 2019, after the Financial Conduct Authority (FCA) requested all listed businesses observe a two-week moratorium on the publication of preliminary financial results.
Derivatives trading specialist IG Group has reported a 29.4% year-on-year increase in third quarter revenue, marking the business’ strongest results since the implementation of product intervention measures by the European Securities and Markets Authority (ESMA) in August 2018.
Sportech has said that impairment costs related to a sports bar asset in Stamford, Connecticut, in the US meant losses widened in 2019, but the betting technology provider was able to report a year-on-year increase in total revenue.
The Betting and Gaming Council (BGC) has urged the UK Chancellor to provide emergency help to save thousands of jobs across the gambling industry, after fresh concerns were raised over the impact of the novel coronavirus disease (Covid-19) on the sector.
Gaming operator and content developer Gamesys Group has reported a 34.7% year-on-year rise in gaming revenue for 2019, but also experienced a decline in net income for the year due to higher spending and foreign exchange fluctuations.
Ladbrokes Coral and bwin.party operator GVC Holdings has estimated that the suspension of all horse racing in the UK until the end of April will lead to an earnings decline of £20m-£25m, on top of yesterday’s (16 March) reduced earnings guidance.
The Stars Group has revealed that it has performed ahead of expectations so far in the current quarter, but warned that the outbreak of novel coronavirus (Covid-19) could have a material impact on sports betting revenue in the near term.
GVC Holdings has revealed that its earnings before interest, tax, deprecation and amortisation (EBITDA) for the current year could be reduced by up to £150m (€166.1m/$184.6m) if certain sports events are to be suspended as a result of the novel coronavirus (Covid-19) pandemic.
The New Jersey Division of Gaming Enforcement (NJDGE) has reported a year-on-year increase in revenue across all market sectors in February, despite the sports betting sector reporting a significant month-on-month decline.