New Zealand’s Racing Industry Transition Agency (RITA) has revealed that both revenue and net profit were below budget expectations in the first half of its fiscal year, while it made a higher-than-expected loss for the period.
Revenue from gambling organised by Swiss lotteries came to just over CHF1bn (£857.3m/€939.0m/$1.05bn) in 2019, according to the latest annual report from the Inter-Cantonal Lotteries and Betting Commission (Comlot), which said the numbers show licensed oeprators were regaining market share from offshore competitors.
Sports wagering revenue in Rhode Island slumped 71.6% year-on-year in May as the state continued to feel the impact of the novel coronavirus (Covid-19) crisis, though this marked a significant improvement on April’s figures.
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.
The Betting and Gaming Council (BGC) has revealed that a group of its members was able to raise £250,000 (€276,843/$310,149) for several charities through an initiative based around the Royal Ascot horse racing event.
Online wagering solutions provider BetMakers Technology Group has raised AUS$35m (£19.2m/€21.5m/US$24.1m) through a new share placement, with the new funds to be used to execute its US expansion plans.
Esports betting operator Luckbox has raised more than CAD$3.8m, well above expectations, in the first tranche of a funding round ahead of its initial public offering on the TSX venture exchange, prompting the business to launch a new funding round.
France’s igaming market showed little signs of the impact of novel coronavirus (Covid-19) in the first quarter of 2020, with L’Autorité de régulation des jeux en ligne (ARJEL) warning that the full impact would be seen in subsequent quarters.
Sports betting operator PointsBet has hailed news that Australia's National Rugby League and Australian Football League will return in May and June respectively, saying it would aid a business that has performed strongly despite the novel coronavirus (Covid-19) pandemic.
Betfair will once again allow exchange wagering on the Australian National Rugby League (NRL) after the two parties agreed finalised a new integrity deal, though the agreement has forced the operator to increase the commission it charges on customer winnings.
Sweden's liicensed gambling operators reported revenue of SEK5.90bn in the first quarter of 2020, down 1.4% from 2019, according to new figures from regulator Spelinspektionen and the Swedish Tax Agency.
Nigeria's National Lottery Regulatory Commission (NLRC) has assured sports betting operators in the country that the national government will continue to provide support to help businesses remain viable drying the novel coronavirus (Covid-19) pandemic.
The Horserace Betting Levy Board (HBLB) is to increase the amount of prize money on offer during the first 10 weeks of UK horse racing when the sport returns in June, to help offset money lost during the novel coronavirus (Covid-19) enforced suspension.