Finance news sponsored by SBTech

France’s success at the FIFA World Cup provided a significant boon for the country’s regulated iGaming marketing during the second quarter of 2018, as sports betting turnover increased by 61 per cent to more than €1bn during the period.

London-listed betting and gaming operator William Hill has reported a net loss of £799.5m for the first half of 2018, despite posting a 3 per cent increase in net revenue, after incurring significant non-cash impairments in the Retail segment following the UK Triennial Review.

New York-listed casino operator MGM Resorts International has reported an 8 per cent increase in net revenue to $2.86bn for the second quarter of 2018, following growth in domestic US resorts and its MGM China operations.

New York-listed racetrack and gaming operator Churchill Downs Inc. has reported a 12 per cent increase in net revenue to $379.4m for the second quarter of 2018, following an improved performance across its Racing, Twin Spires and Casino segments.

Frankfurt-listed online gaming operator bet-at-home.com has reported a 15 per cent drop in net betting and gaming revenue to €52.2m for the first half of 2018, with results continuing to be impacted by its blacklisting in Poland.

GIQ Magazine Digital Edition