While the initial market reaction to the pandemic disruption was indiscriminate, the 29% fall in the Index in the period to 3 April also reflects the return of more nuanced considerations on the part of investors, writes Paul Leyland
The GB Gambling Commission's ban on using credit cards to fund gambling has come into effect today (14 April), with the regulator hailing its implementation as particularly timely as a result of the coronavirus (Covid-19) lockdown.
American Gaming Association (AGA) president and chief executive Bill Miller has written directly to US President Donald Trump, urging him to amend the Small Business Administration’s (SBA) Paycheck Protection Program (PPP) to include gaming businesses.
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.
Australian gambling operator Tabcorp has announced that is it to furlough more than 700 of its staff until 30 June as part of its strategy to mitigate the impact of the novel coronavirus (Covid-19) outbreak.
International Game Technology (IGT) has named Dorothy Costa as its new global head of people and transformation, while it has also appointed Mario Di Loreto as an executive vice president and senior advisor to group chief executive Marco Sala.
GVC Holdings has reported a year-on-year rise in revenue for the first quarter, despite business slowing down due to the novel coronavirus (Covid-19) global pandemic, but has chosen to cancel a planned dividend payment due to ongoing uncertainty over the outbreak.
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).