Betting technology supplier Sportech says efforst to reduce operational costs in the first half of its fiscal year helped to partially offset a “severe” decline in revenue, caused by the novel coronavirus (Covid-19) pandemic.
A new survey by the UK government reveals that gambling businesses are split over whether they can withstand the disruption caused by novel coronavirus (Covid-19), though a significant number of respondents reported revenue being wiped out by lockdown.
The Hong Kong Jockey Club (HKJC) has announced it is to reopen the majority of its off-course betting shops on non-racedays from 22 June, as restrictions placed on the network as a result of novel coronavirus (Covid-19) are eased.
Members of Norway’s parliament, the Storting, have called on the country's government to reject a suggestion from the Ministry of Agriculture and Food (LMD) for a NOK20,000 monthly loss limit for horse racing monopoly Norsk Rikstoto.
Credit rating agency Standard & Poor's (S&P) Global has downgraded Codere for the fourth time in eight months, stating that the operator is at serious risk of defaulting on its debts in the coming six months.
The UK’s Advertising Association (AA) has rejected proposals from the Gambling Related Harm All Party Parliamentary Group (APPG) to ban all forms of gambling advertising, saying that such a move is not necessary at present.
William Hill has seen revenue for the 23 weeks to 9 June fall 32% year-on-year, though the operator claims that recent weeks have shown the business recovering strongly from the disruption caused by novel coronavirus (Covid-19).
More gamblers in Sweden have decreased play than increased during the novel coronavirus (Covid-19) pandemic, but more than a quarter of high risk customers are playing more according to a Lund University study.
Czech gaming conglomerate Sazka Group has reported an 11.5% year-on-year decline in gross gaming revenue for the first quarter of 2020, after the business’s retail gaming operations were disrupted by the novel coronavirus (Covid-19) from mid-March.
Flutter Entertainment has announced it is to reopen all of its Paddy Power retail shops across England and 150 locations in the Republic of Ireland from 15 June, after its network was shuttered due to the novel coronavirus (Covid-19) pandemic.
GVC Holdings has announced plans to reopen all 2,445 of its Ladbrokes and Coral betting shops in England from 15 June, in line with the UK’s government’s easing of restrictions related to the novel coronavirus (Covid-19) pandemic.
France’s igaming market showed little signs of the impact of novel coronavirus (Covid-19) in the first quarter of 2020, with L’Autorité de régulation des jeux en ligne (ARJEL) warning that the full impact would be seen in subsequent quarters.