Dutch gambling regulator the Kansspelautoriteit (KSA) has said that it will increase fines levied on any operator that uses the novel coronavirus (Covid-19) pandemic to promote their products by at least €50,000.
British industry body The Betting and Gaming Council has written to the Chancellor of the Exchequer after the gambling industry was excluded from all forms of business rate relief intended to ease the impact of the novel coronavirus (Covid-19) pandemic.
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.
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.
William Hill has announced that it expects a material impact on revenue and earnings from the novel coronavirus (Covid-19) pandemic, and has therefore suspended its 2019 dividend to retain financial resources within the business.
The British Horseracing Association (BHA) has announced that scheduled racing events will continue to take place, albeit without spectators and with restrictions on the number of attendees, as a result of the novel coronavirus (Covid-19) pandemic.
The outbreak of novel coronavirus (Covid-19) continues to cause disruption to gambling markets around the world, while a host of sporting events have also been suspended in an effort to slow the spread of the disease.
Betting technology provider Newgioco has warned that a nationwide lockdown in Italy, implemented by the government in an effort to slow the spread of Covid-19, could have a negative impact on sports betting handle and revenues.
The Betting and Gaming Council has called on UK Chancellor of the Exchequer Rishi Sunak to take action against unlicensed gambling sites and to increase the threshold for the small business rate relief.
The Italian government’s decision to effectively put the country into lockdown in a bid to stop the spread of novel coronavirus (Covid-19) has the potential to have a major impact on Italy’s retail gambling sector, industry observers have noted.