Churchill Downs Incorporated (CDI) has reported a year-on-year fall in revenue and a net loss for the first half of 2020, primarily due to the impact of the novel coronavirus (Covid-19) pandemic on the operator.
In their first month back after closures due to the novel coronavirus (Covid-19), Nevada casino revenue reached $566.8m, down 45.6% year-on-year, with sportsbooks in the state reporting their first monthly loss in almost seven years.
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).
Ed Birkin, senior consultant at iGB's principal data partner H2 Gambling Capital, kicked off Thursday’s content at iGB Live! Online with by looking at the impact of novel coronavirus (Covid-19) on the sports betting sector.
South African gaming and entertainment business Tsogo Sun Gaming said it lost an estimated ZAR400m in revenue as a result of the novel coronavirus (Covid-19) pandemic disrupting operations in its fiscal year ended 31 March, 2020.
The Nevada Gaming Control Board (NGCB) has redacted its figures for sports betting, horse racing and card game revenue in its revenue report for April, which reveals the state’s gaming industry generated just $3.6m.
Sweden's liicensed gambling operators reported revenue of SEK5.90bn in the first quarter of 2020, down 1.4% from 2019, according to new figures from regulator Spelinspektionen and the Swedish Tax Agency.
Bragg Gaming Group has reported strong growth in revenue for 2019, with the growth of its game development arm Oryx and diversification of the subsidiary’s customer base helping the business cut its net loss for the year.
The New Jersey Division of Gaming Enforcement has reported a 68.9% year-on-year drop in gaming revenue for April, after the novel coronavirus (Covid-19) pandemic shut down casinos and suspended sporting events.
Exclusive data from H2 Gambling Capital lays bare the decline in British betting and gaming gross win as a result of novel coronavirus (Covid-19), though iGB's principal data partner suggests the igaming sector should help the sector rebound.
The closure of Nevada’s casinos from 17 March as a result of the novel coronavirus (Covid-19) pandemic has resulted in gaming revenue falling 39.6% year-on-year, with the state’s sportsbooks hit especially hard.
Lithuania's regulated gambling market saw revenue for the first quarter of 2020 fall 2.8% year-on-year to €25.9m, with an increased online contribution not enough to offset land-based declines caused by novel coronavirus (Covid-19).
The Pennsylvania Gaming Control Board (PGCB) saw gambling revenue in the state more than half in March due to the widespread shutdown of casinos and postponement of sports events as a result of the novel coronavirus (Covid-19) outbreak.