Gaming solutions giant Playtech has reported a 22.5% year-on-year decline in revenue for the first half of 2020, after a strong start to the period was halted by the impact of novel coronavirus on B2B and B2C operations.
Swedish gambling revenue for the second quarter of 2020 fell 4.1% to SEK5.94bn (£530.6m/€572.4m/$687.9m) as a 3.6% increase in online gambling revenue was not enough to offset the effects of the novel coronavirus (Covid-19) on the land-based sector.
Revenue for Sazka Group-owned Greek gaming giant OPAP fell 34.8% year-on-year in the first half of the year due to the disruption caused by novel coronavirus (Covid-19). However, the operator said it saw performance rapidly recover once lockdown restrictions in Greece were eased and sporting events resumed.
Igaming content developer and distributor Gaming Realms has reported a 65.9% year-on-year rise in revenue for the first half of 2020, which in turn helped the business report positive earnings for the period.Ig
Greek gaming and lotteries operator and supplier Intralot reported a 55.5% year-on-year decline in revenue for the first half of 2020, after its B2B and B2C operations suffered from ongoing struggles in Turkey and Bulgaria.
France’s online gambling market reported a 5.6% year-on-year decline in revenue for the second quarter after the sports betting vertical saw stakes and revenue plummet as a result of novel coronavirus (Covid-19).
The Hong Kong Jockey Club (HKJC) has reported declines in revenue and turnover for its 2019-20 fiscal year, though management hailed the business’ resilience after it managed to avoid race cancellations over the period.
Toronto-listed gaming content supplier Bragg Gaming Group saw revenue grow 74.2% year-on-year in the first half of its fiscal year, aided by its second quarter contribution doubling as demand for online casino rose under lockdown.
The significant expansion and diversification of Flutter Entertainment’s operations through its acquisition of The Stars Group helped the operator mitigate the disruption caused by novel coronavirus (Covid-19) in the first half of the year.
Denmark’s regulated gambling revenue fell 19.2% year-on-year in the first half of 2020, after novel coronavirus (Covid-19) slashed land-based gaming and sports betting’s contribution in the second quarter.
Online gambling revenues drastically increased in Portugal during lockdown, with operators bringing in revenue of €138.9m, up 44.2%, in the first half of 2020, new figures from the Serviço de Regulação e Inspeção de Jogos (SRIJ) have revealed.
Gaming technology provider GAN saw the migration of US players to igaming almost double its second quarter revenue, helping the supplier to a 16.2% year-on-year increase in revenue for the first half of the year.
Finnish gambling monopoly operator Veikkaus expects its 2020 profits to fall by as much as €300m, after reporting a 28.1% year-on-year decline in gross revenue and 33.6% drop in profit for the first half of the year.
Sweden’s AB Trav och Galopp says that the suspension of sporting events as a result of novel coronavirus (Covid-19) in the first half of 2020 benefitted its performance, as customer attention shifted to its core horse race betting product.
Latvian operator Enlabs reported declines in revenue and profits - though remained in the black - in the first half of 2020, despite its Latvian operations being suspended for two months during the period as a result of novel coronavirus (Covid-19).