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.
Greek gaming operator OPAP has reported a 4.7% year-on-year increase in revenue for 2019, though the shut-down of its retail network in the country looks set to have a significant impact on revenue and earnings in 2020.
iGaming operator 888 Holdings is to delay the publication of its full-year results for 2019, after the Financial Conduct Authority (FCA) requested all listed businesses observe a two-week moratorium on the publication of preliminary financial results.
Derivatives trading specialist IG Group has reported a 29.4% year-on-year increase in third quarter revenue, marking the business’ strongest results since the implementation of product intervention measures by the European Securities and Markets Authority (ESMA) in August 2018.
Spanish and Latin America-facing gaming operator Codere has reported a 5.9% year-on-year decline in revenue for 2019, after growth in European markets was offset by a currency fluctuations hitting the contribution from its Argentinean business.
Sweden’s AB Trav och Galopp (ATG) posted the highest full-year revenue in the company’s history in 2019, though a decline in its core racing vertical and Sweden’s new gaming taxes hit operating profit for the year.
Global Gaming has seen revenue slashed and the business incur losses after a tumultuous 2019 that saw the operator lose its Swedish licence, but chief executive Tobias Fagerlund believes the business can turn things around in the long term.