Online gambling operator LeoVegas has reported a sharp year-on-year decline in profit for 2019 as a result of depreciation, amortisation and impairment charges, despite seeing consolidated revenue increase by 9%.
The New South Wales (NSW) Independent Liquor and Gaming Authority has convicted Ladbrokes Australia and Neds of illegal gambling marketing activities in the Australian state, issuing the two operators with a record fine of AUD$207,500, the highest ever levied in the state.
Toronto-listed supplier Bragg Gaming Group expects full-year revenue to come in at the high end of market expectations, allowing it to post positive earnings before interest, tax, deprecation and amortisation (EBITDA) for the first time.
Betsson has reported year-on-year declines in full-year revenue and profit for 2019, after a year in which the company struggled with regulatory developments in key markets - Sweden especially - ended with a weaker-than-expected Q4.
French gaming giant La Française des Jeux (FDJ) has projected 5% growth in both player stakes and revenue for 2020, after a “landmark” 2019 that saw the operator list on the Euronext Paris and net revenue rise to €1.96bn.
Stockholm-listed casino game developer NetEnt’s revenue increased slightly year-on-year to SEK1.79bn in 2019 as the company’s acquisiton of Red Tiger Games helped offset "weakness" in Sweden and Norway, but the supplier's profit declined.
The Philippine Amusement and Gaming Corporation (PAGCOR) has reported an 11.7% year-on-year increase in gaming revenue for 2019, resulting in its total tax and corporate social responsibility contribution for the year rising above PHP56bn for the year.