| iGaming Business

daily_news
13 August 2020
Online growth fails to offset retail declines for GVC in H1
GVC Holdings has reported an 11.2% year-on-year decline in revenue for the first half of 2020, after online growth failed to offset declines in UK and European retail resulting from the novel coronavirus (Covid-19) lockdown.
daily_news
13 August 2020
Inspired sees losses widen in H1 despite revenue growth
Inspired Entertainment has reported an increased net loss for the first half of the year, despite reporting year-on-year revenue growth for the period.
daily_news
12 August 2020
HBLB offers funding to help racetracks cope with Covid-19
The British Horserace Betting Levy Board (HBLB) has agreed to provide an additional £3.2m in immediate and short-term funding to help the racing industry navigate the novel coronavirus (Covid-19) crisis.
daily_news
10 August 2020
Indiana betting revenue and handle recover strongly in July
The Indiana Gaming Commission has reported the strongest month for the state’s sports betting market since February, with revenue and handle both soaring in July.
daily_news
5 August 2020
VAT refund boosts William Hill profit after H1 Covid-19 hit
William Hill has reported a 31.7% year-on-year decline in revenue for the first half of its financial year, though a £230.7m value added tax (VAT) refund allowed the operator to post a £115.6m net profit for the period.
daily_news
5 August 2020
Playtech hails “outstanding operational resilience” in H1
Gaming solutions giant Playtech expects earnings for the first half of 2020 to reach €160m, after a strong performance from its online and financials divisions helped offset novel coronavirus’ (Covid-19) disruption to retail and sports in the period.
daily_news
3 August 2020
Tabcorp expects Covid-19 to cut net profit in FY2020
Australian gambling operator Tabcorp expects to post a year-on-year drop in net profit after tax for its 2020 financial year, primarily due to the impact of the novel coronavirus (Covid-19) pandemic on its business.
daily_news
31 July 2020
BHA to increase racing prize money from September
The British Horseracing Authority (BHA) has announced that it plans to increase minimum prize money levels from September, with the appearance money scheme, designed to deliver more value for mid- and lower-tier trainers also set to resume that month.
daily_news
30 July 2020
FDJ hails post-lockdown recovery despite H1 revenue decline
La Française des Jeux (FDJ) said a strong performance after France emerged from its novel coronavirus (Covid-19) lockdown has reduced a decline in revenue for the first half of the operator’s financial year.
daily_news
28 July 2020
NSW offers financial assistance to pokies operators
The New South Wales Independent Liquor & Gaming Authority (ILGA) has put in place a number of temporary measures for gaming machines in an effort to help venues in the Australian state impacted by the novel coronavirus (Covid-19) pandemic.
daily_news
24 July 2020
Newgioco returns to profit in first quarter
Newgioco Group has reported a year-on-year rise in revenue for the first quarter, while the betting and gaming operator and supplier was also able to return to a net profit during the period.
daily_news
21 July 2020
BGC urges business rates relief for Scottish betting shops
The Betting and Gaming Council (BGC) has warned the Scottish government that thousands of jobs in the gambling sector are at risk unless it grants business rates relief to betting shops in the country.
daily_news
16 July 2020
Covid-19 leads to 11% decline in GVC revenue in H1
GVC Holdings has reported an 11% year-on-year decline in revenue for the first half of 2020, though outgoing chief executive Kenneth Alexander hailed the strong performance of the operator’s online business during the period.
article
13 July 2020
Italy iGaming Dashboard - July 2020
The reopening of retail venues last month boosted Italy’s sports betting market but thus far revenues have rebounded only to around the levels seen during the first month of the lockdown
daily_news
3 July 2020
Covid-19: exchange rate update offsets $2bn downgrade
An end-of-quarter exchange rate adjustment offset a further downgrade in H2 Gambling Capital’s 2020 forecast for the pandemic-hit global gambling sector this week.
daily_news
3 July 2020
Newgioco sees losses widen despite revenue increase in 2019
Sports betting and interactive gaming company Newgioco Group has reported an increased comprehensive loss in 2019, despite experiencing a year-on-year rise in revenue for the year.
daily_news
30 June 2020
Poland sees new products slow gambling revenue decline
New figures released by the Polish Ministry of Finance reveal that while the country has seen gambling revenue decline for the year to date, newly regulated products helped mitigate falls in online betting and land-based gaming.
daily_news
26 June 2020
Cuts help Sportech mitigate “severe” H1 revenue decline
Betting technology supplier Sportech says efforst to reduce operational costs in the first half of its fiscal year helped to partially offset a “severe” decline in revenue, caused by the novel coronavirus (Covid-19) pandemic.
daily_news
18 June 2020
DCMS survey flags impact of Covid-19 on gambling businesses
A new survey by the UK government reveals that gambling businesses are split over whether they can withstand the disruption caused by novel coronavirus (Covid-19), though a significant number of respondents reported revenue being wiped out by lockdown.
daily_news
17 June 2020
S&P downgrades Codere over heightened default risk
Credit rating agency Standard & Poor's (S&P) Global has downgraded Codere for the fourth time in eight months, stating that the operator is at serious risk of defaulting on its debts in the coming six months.

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