The New South Wales Independent Liquor & Gaming Authority (ILGA) has put a year-on-year decline in gaming machine net profit across clubs and hotels in the first half of 2020 down to the impact of the novel coronavirus (Covid-19) crisis.
Casinos in Macau took in MOP2.21bn in revenue in September, down 90.0% from 2019 - though this marked a significant month-on-month improvement - as novel coronavirus (Covid-19) continued to wreak havoc on the Chinese Special Administrative Region's gambling sector.
Affiliate marketing services provider XLMedia has reported a year-on-year drop in revenue and net profit in the first half, primarily due to the impact of the novel coronavirus (Covid-19) and Google demoting a number of its websites.
Chinese lottery provider 500.com has appointed accountancy firm MaloneBailey to provide support and advice on matters related to a case of alleged unlawful payments within the business after its previous auditor resigned amid a management dispute.
Responsible gambling charity GamCare has launched a new toolkit to help UK financial institutions, gambling businesses and debt advice agencies identify and support customers experiencing gambling-related financial harms.
The reduction in maximum stakes for fixed odds betting terminals (FOBTs) had a "lower than expected" hit on Betfred's revenue in the year ending 29 September 2019, allowing the operator to make a £153.6m (€169.3m/$197.1m) profit despite a 14.6% revenue decline to £621.4m.
US gaming giant Caesars Entertainment Inc. has set out further details of its possible cash offer for William Hill, saying that it is set to make a bid worth £2.9bn (€3.29bn/$3.71bn) for the bookmaker.