Global Gaming's revenue fell 64.3% year-on-year to SEK57.8m in Q1 2020 as the operator's Swedish licence cancellation continued to drag down revenue, but slashing of costs - especially marketing expenditure - cut the business's losses.
With single event betting once again on the agenda, and momentum towards regulation building in Ontario, Canada’s igaming market looks set to be opening up. However, don’t expect similar progress in other provinces, writes Jake Pollard.
Sweden’s channelisation rate for online casino and sports betting are well below government targets and in decline, according to a new study commissioned by local operator association Branschföreningen för Onlinespel (BOS).
The Finnish Ministry of the Interior has issued a decree significantly reducing monthly and weekly loss limits for online casino offered by Veikkaus, while the monopoly operator has also announced that raffle draws will be suspended until further notice.
The eligibility requirements for the Paycheck Protection Program (PPP) have been amended to allow small gambling businesses to benefit from the fund, following an intense lobbying effort from the American Gaming Association (AGA).
Online-only bingo games will now be permitted in Norway until 11 May, after the country’s gambling regulator Lotteri-og stiftelsestilsynet (Lotteritilsynet) announced yet another extension to the window in which the in-person registration requirement will be suspended.
Swedish former monopoly operator Svenska Spel has issued responsible gambling advice for players spending more time at home due to the novel coronavirus (Covid-19) pandemic, but said it has not yet seen any signs of higher-risk gambling.
The Pennsylvania Gaming Control Board (PGCB) saw gambling revenue in the state more than half in March due to the widespread shutdown of casinos and postponement of sports events as a result of the novel coronavirus (Covid-19) outbreak.
The New Jersey Division of Gaming Enforcement has reported a 58.4% year-on-year decline in sports betting revenue in March, primarily due to the widespread shutdown of sports events as a result of the novel coronavirus (Covid-19) crisis.
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.