Swedish gambling revenue for the second quarter of 2020 fell 4.1% to SEK5.94bn (£530.6m/€572.4m/$687.9m) as a 3.6% increase in online gambling revenue was not enough to offset the effects of the novel coronavirus (Covid-19) on the land-based sector.
Revenue for Sazka Group-owned Greek gaming giant OPAP fell 34.8% year-on-year in the first half of the year due to the disruption caused by novel coronavirus (Covid-19). However, the operator said it saw performance rapidly recover once lockdown restrictions in Greece were eased and sporting events resumed.
Chinese lottery provider 500.com announced the resumption of activity in Sweden, via its The Multi Group (TMG) lottery betting subsidiary, having renewed its online gaming licence in the jursidiction for the next two years.
Greek gaming and lotteries operator and supplier Intralot reported a 55.5% year-on-year decline in revenue for the first half of 2020, after its B2B and B2C operations suffered from ongoing struggles in Turkey and Bulgaria.
Canadian provincial lottery operator the British Columbia Lottery Corporation (BCLC) said measures implemented during the novel coronavirus (Covid-19) pandemic led to a decline in revenue for its 2019-20 fiscal year.
The Hong Kong Jockey Club (HKJC) has reported declines in revenue and turnover for its 2019-20 fiscal year, though management hailed the business’ resilience after it managed to avoid race cancellations over the period.
Australian online lottery retailer Jumbo Interactive has reported an 8.7% year-on-year increase in revenue for its 2020 financial year, and is now targeting growth in markets such as the UK, US and Canada as it aims to increase sales to AU$1bn.
Australian lotteries and gaming giant Tabcorp has completed the sale of new shares to institutional investors through which it raised AU$371m, and now aims to raise a further $229m from retail investors.
The Bulgarian National Revenue Agency (NRA) has officially taken over responsibility for the regulation of gambling, after lawmakers voted to abolish the country’s dedicated authority, the State Commission on Gambling (SCG).
With nominations for iGB’s Most Influential Women 2020 now open, iGB catches up with those who made last year's Top 10 to find out what they’ve been up to since, as well as get their views on who deserves to feature this year.
The Pennsylvania Lottery generated profits of $1.14bn for programmes that benefit the state’s senior citizens in its 2019-20 fiscal year, the ninth consecutive year in which its contribution has surpassed $1bn.
La Française des Jeux (FDJ) said a strong performance after France emerged from its novel coronavirus (Covid-19) lockdown has reduced a decline in revenue for the first half of the operator’s financial year.