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.
Rank Group has reported a year-on-year decline in net gaming revenue (NGR) and net profit for its 2020 financial year, mainly due to the impact of the novel coronavirus (Covid-19) pandemic on its land-based operations.
Igaming content developer and distributor Gaming Realms has reported a 65.9% year-on-year rise in revenue for the first half of 2020, which in turn helped the business report positive earnings for the period.Ig
New Zealand casino operator SkyCity Group saw revenue grow 36.8% to NZ$1.13bn as favourable win rates and insurance payouts from a 2019 fire offset a decline in normalised revenue due to the impact of the novel coronavirus (Covid-19). The year also saw its online business make its first contribution to group revenue, bringing in $10.2m.
The significant expansion and diversification of Flutter Entertainment’s operations through its acquisition of The Stars Group helped the operator mitigate the disruption caused by novel coronavirus (Covid-19) in the first half of the year.
Denmark’s regulated gambling revenue fell 19.2% year-on-year in the first half of 2020, after novel coronavirus (Covid-19) slashed land-based gaming and sports betting’s contribution in the second quarter.
Online gambling revenues drastically increased in Portugal during lockdown, with operators bringing in revenue of €138.9m, up 44.2%, in the first half of 2020, new figures from the Serviço de Regulação e Inspeção de Jogos (SRIJ) have revealed.
Latvian operator Enlabs reported declines in revenue and profits - though remained in the black - in the first half of 2020, despite its Latvian operations being suspended for two months during the period as a result of novel coronavirus (Covid-19).
Golden Nugget Online Gaming (GNOG), the igaming division of the casino chain that is preparing a stock market listing, has revealed that gross gaming revenue for the second quarter of 2020 almost doubled year-on-year.
The first four weeks of legal online casino in West Virginia saw players wager $37.2m on DraftKings’ casino products, resulting in revenue of $824,639, the latest figures from the West Virginia Lottery Commission reveal.
New Jersey’s sports betting revenue climbed 65.2% year-on-year in July, but the state’s land-based casino market saw further declines as it continued to feel the impact of novel coronavirus (Covid-19) restrictions.
Canadian igaming operator and technology provider FansUnite Entertainment has completed the acquisition of white label solutions provider Askott Entertainment for CAD$27.8m (USD$20.7m) in FansUnite shares.