Reports from Sweden suggest government ministers are mulling a temporary shut-down or new restrictions on online casino to avoid an increase in gambling related harm during the novel coronavirus (Covid-19) pandemic.
While Italy’s sports betting market struggled after novel coronavirus (Covid-19) resulted in a nationwide lockdown and the suspension sporting events, the market grew year-on-year in March, thanks to online casino and poker.
Land-based gambling operator Boyd Gaming has set out a number of additional measures to mitigate the financial impact of the novel coronavirus (Covid-19) pandemic, including placing most of its staff on unpaid furlough.
The New York State Gaming Commission has reported a month-on-month rise in sports betting revenue for March, despite the state’s market being impacted by the novel coronavirus (Covid-19) global pandemic.
Nevada casinos and other brick-and-mortar gambling locations are to remain closed until at least April 30 after the state’s Governor Steve Sisolak extended temporary measures to slow the spread of novel coronavirus (Covid-19).
Caesars Entertainment Corporation has announced that it has furloughed around 90% of its total workforce in response to the temporary shutdown of its casino properties due to the novel coronavirus (Covid-19) outbreak.
Caesars Entertainment UK (CEUK) has agreed to pay a record settlement worth £13m (€14.7m/$16.1m), after the GB Gambling Commission ruled it had breached a number of social responsibility, money laundering and customer interaction regulations related to VIP customers.
Sweden-facing operator Svenska Spel has announced that all four of its Casino Cosmopol land-based facilities have temporarily closed, in line with new government-ordered measures to combat the spread of novel coronavirus (Covid-19).
Penn National Gaming (PNG) has taken measures to mitigate the effect of the novel coronavirus disease (Covid-19) on its business, selling and leasing back its Tropicana Las Vegas property and furloughing around 26,000 staff members.
Nevada casinos brought in $1.04bn in revenue while sportsbook revenue grew to $38.1m in the last full month before the novel coronavirus (Covid-19) pandemic led to a near-total shutdown of casinos and global sport.
MGM Resorts issued an earnings update amid the Covid-19 pandemic, reporting that revenue has declined for the first two months of 2020, but net income increased more than 500-fold because of the sale of the MGM Grand and Mandalay Bay venues.
By branching out into publishing, Yggdrasil has effectively licensed out of every aspect of its business. Chief executive Fredrik Elmqvist and head of publishing Björn Krantz explain why the supplier feels this will pioneer a new approach to online casino partnerships