Canadian media business theScore posted a comprehensive loss of $4.1m during the first quarter of its financial year, primarily due to costs related to its ongoing expansion efforts across North America.
Sweden’s former horse racing monopoly operator Aktiebolaget Trav och Galopp (ATG) has reported a 6.6% year-on-year rise in net gaming revenue for 2019, despite a decline in income from horse racing betting in the country.
The stated aim to the Danish government in raising online gambling taxes is to level the playing field with land-based gambling taxes and raise extra tax revenue. However the move is also likely to cause a fall-off in gambling advertising as smaller and medium-term operators exit the market, according to market participants and commentators, writes Scott Longley.
GVC Holdings, owner of the Ladbrokes Coral and bwin.party businesses, has said that it expects to post a year-on-year increase in revenue for 2019, primarily due to growth within its online division offsetting a decline in its UK retail business.