Korean casino and resort operator Kangwon Land’s revenue fell 63.5% to KRW270.64bn (£174.6m/€193.9m/$228.7m) in the first half of 2020, after its venues were open only to VIP customers for much of the second quarter of the year.
Twin River Worldwide Holdings saw revenue for the first half of 2020 fall 47.7% year-on-year, becoming the latest listed US operator to outline the disruption caused by novel coronavirus (Covid-19) on its business.
Gambling is officially set to become legal in Ukraine after the country’s president, Volodymyr Zelensky, signed the country’s Gambling Act into law today (11 August), with Eastern Europe-facing operator Parimatch already announcing its intent to p
Malta-based sports betting supplier, Betby, has been granted its supplier licence by the Malta Gaming Authority (MGA), a key milestone for the company as it continues its expansion into new jurisdictions.
The Betting and Gaming Council (BGC) has urged the UK government to extend its novel coronavirus (Covid-19) furlough scheme to help safeguard jobs in the gambling industry and also protect historic casino venues.
US casino operator Full House Resorts has put a year-on-year increase in net loss for the first half of 2020 primarily down to the temporary closure of its brick-and-mortar properties due to the novel coronavirus (Covid-19) pandemic.
Japan’s Universal Entertainment Corporation has reported 24.9% year-on-year rise in sales for the first half of the year, with a significant rise in pachinko and pachislot machine sales offsetting a decline from its Philiippines integrated resort.
The Genting Singapore arm of Malaysian conglomerate Genting Group has reported a net loss of SGD$163.3m for the second quarter of 2020, following a sharp drop in revenue as its properties were closed amid the novel coronavirus (Covid-19) pandemic.