The New South Wales Independent Liquor & Gaming Authority (ILGA) has put in place a number of temporary measures for gaming machines in an effort to help venues in the Australian state impacted by the novel coronavirus (Covid-19) pandemic.
Sports betting and igaming operator and supplier Newgioco aims to raise net proceeds of at least $9.2m through a share offering in order to repay outstanding debts as well as to accumulate working capital and or general corporate purposes.
Macau casino operator SJM Holdings has admitted that gross gaming revenue, as well as non-gaming amenities will be negatively affected by novel coronavirus “for an indefinite period”, after reporting an HK$1.41bn loss for the first half of 2020.
Scientific Games' losses increased in Q2 as revenue fell 37.2% to $539m (£423m/€465m), but the business said its results were "better than expected" given the outbreak of the novel coronavirus (Covid-19).
The Société des bains de mer de Monaco, which operates Casino de Monte-Carlo, reported revenue of €45.1m (£41.0m/$52.3m) for the three months ending on 30 June, the first quarter of its 2020-21 fiscal year, a 60.5% year-on-year decline.
Affiliate marketing services provider XLMedia has said it expects to post a year-on-year drop in revenue for the first half of 2020, primarily due to Google de-ranking a number of its websites and also the impact of the novel coronavirus (Covid-19) pandemic.
Land-based gaming giant Las Vegas Sands saw revenue fall 73.1% year-on-year for the six months ended 30 June, 2020 after Q2 revenue collapsed to almost zero due to the novel coronavirus (Covid-19) pandemic.
Credit ratings agency Standard and Poor’s has downgraded Spain, Italy and Latin America-facing operator Codere’s credit rating for the fifth time in just over nine months, indiciating default is a “virtual certainty”.
Zeal Networks has increased its financial projections for 2020 after a strong first half of the year saw a significant increase in billings, and the business exceed its full-year target for new customer sign-ups in Germany.
The Betting and Gaming Council (BGC) has warned the Scottish government that thousands of jobs in the gambling sector are at risk unless it grants business rates relief to betting shops in the country.
Affiliate giant Catena Media has said that it expects to achieve record revenue and profit in the second quarter of 2020, despite its business being affected by the novel coronavirus (Covid-19) pandemic.