Spanish gambling revenue grew 12.5% year-on-year in the first quarter of 2020, thanks to growth across all verticals including sports betting, despite the suspension of major sporting events from mid-March due to novel coronavirus (Covid-19).
Nordrhein-Westfalen (North Rhine-Westphalia/NRW) Minister of Finance Lutz Lienenkämper has responded to accusations that the state government altered the accounts of state-owned operator Westdeutsche Spielbanken (WestSpiel) to facilitate the privatisation of the business.
Circus Circus Casino has filed a lawsuit against insurance company AIG for damages exceeding $75m in the United States District Court for Nevada, arguing the operator’s AIG insurance policy failed to cover “all risks” as specified during the novel coronavirus (Covid-19) crisis.
GambleAware has urged the government, financial institutions and regulators to ensure all consumers have the ability to block gambling transactions, after a new study estimated that 28m personal bank accounts in the UK do not yet have access to this functionality.
A special session of the parliament in the German state of Nordrhein-Westfalen will meet on Friday 10 July to address what the Social Democratic Party (SPD) called “suspicious balance sheet tricks” to facilitate the privatisation of Westdeutsche Spielbanken (WestSpiel).
Rank Group believes its profit for the fiscal year ended 30 June 2020 will come in at the lower end of its £48m to £58m guidance following the disruption caused by the novel coronavirus (Covid-19) pandemic.
New Zealand’s Racing Industry Transition Agency (RITA) has revealed that both revenue and net profit were below budget expectations in the first half of its fiscal year, while it made a higher-than-expected loss for the period.
Swiss gambling regulator Eidgenössischen Spielbankenkommission (ESBK) has reported a 5.5% year-on-year rise in casino revenue for 2019, while the country’s online gaming licensees generated CHF23.5m following the launch of igaming from July that year.
Kenyan Treasury Secretary Ukur Yatani has claimed the government will look to reintroduce the controversial 20% excise tax on betting stakes within six months, after it was removed from the country’s 2020 budget.
Macau’s gaming revenue sunk to yet another new low of MOP716m (£72.2m/€79.8m/$89.7m) in June, down 97.0% year-on-year, as the effects of the novel coronavirus (Covid-19) pandemic continues to devastate the territory’s largest industry.