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888 Holdings

888 predicts higher full-year AEBITDA as average daily revenue climbs 34%

London-listed gaming operator 888 Holdings is predicting full-year adjusted EBITDA to be significantly higher than previous estimates following strong growth in the first 25 weeks of the year.

888 grew average daily revenue by 34 per cent year-on-year in the period from 1 January to 23 June, despite some moderation in [...]

3 mins read

China lottery decline softens in May

China’s lottery market posted another decline in May as total lottery sales fell by 18 per cent year-on-year to RMB29.22bn (€3.7bn).

Lottery sales continued to be negatively impacted by the ongoing COVID-19 pandemic, although sales improved versus the previous month’s RMB23.39bn total.

Welfare Lottery sales fell by 15 per cent year-on-year to [...]

1 min read

French lockdown hits FDJ revenue by €200m

Paris-listed lottery and gaming operator FDJ has revealed that the two months of lockdown in France had a negative impact of close to €200m on its revenue.

Ahead of its General Meeting later today, FDJ said that total stakes had dropped by nearly 60 per cent over the period, with the [...]

2 mins read
GAN

GAN revenue drops to $7.7m in first quarter

New York-listed iGaming supplier GAN has reported a 20 per cent fall in revenue to $7.7m for the first quarter of 2020.

The company attributed the fall in revenue to the inclusion of $4.9m from hardware sales and the licensing of GAN’s US patent in the comparable period a year ago, [...]

4 mins read
Pennsylvania

Pennsylvania iGaming revenue hits record $55.8m in May

Pennsylvania’s regulated betting and gaming market saw net revenue decline by 79 per cent in May to $61.0m, despite another record performance from licensed online casino operators.

With all of Pennsylvania’s casinos and video gaming terminals shut down throughout the month due to mandated restrictions related to COVID-19, operators continued to [...]

3 mins read
William Hill

William Hill sees early signs of recovery as sports resume

William Hill recorded a strong performance in recent weeks as COVID-19 restrictions began to ease, with trading in the Online and US divisions ahead of initial expectations.

In a trading update late Tuesday, William Hill said that it saw improved net revenue in the six weeks to 9 June following the [...]

1 min read

Delaware iGaming surges in May

Delaware’s licensed iGaming operators enjoyed a strong performance in May as total net revenue soared by 262 per cent to a record $1.13m during the month.

With the iGaming sector continuing to be unaffected by casino closures that were introduced in mid-March as a result of COVID-19, total amounts wagered increased [...]

1 min read

New Jersey iGaming revenue soars to $85.9m in May

New Jersey’s regulated betting and gaming market has seen total gaming revenue drop by 65 per cent to $95.9m in May, despite revenue from online gaming more than doubling compared to last year.

With all Atlantic City casinos remaining closed and most sporting events cancelled during the month, total revenue rose [...]

1 min read

Net Gaming Europe set for Q2 loss as reorganisation continues

Stockholm-listed iGaming affiliate Net Gaming Europe expects to post a net loss of €1.2m for the second quarter of 2020, with results negatively impacted by non-recurring costs and exchange rate fluctuations.

The company said that its operations had performed well during Q2 in the midst of an “intensive transformation” phase which [...]

1 min read

Greece and Italy retail declines hit SAZKA Group’s Q1 revenue

European lottery and gaming operator SAZKA Group has reported an 11 per cent fall in consolidated gross gaming revenue to €405m for the first quarter of 2020, with the COVID-19 pandemic negatively impacting retail sales.

The revenue decline was primarily due to the closure of OPAP agents’ stores and VLT halls [...]

1 min read

500.com revenue slumps 73% in tough first quarter

New York-listed lottery and gaming operator 500.com has reported a 73 per cent drop in net revenue to RMB3.1m (€0.4m) for the first quarter of 2020.

500.com said that revenue was adversely impacted by the temporary suspension of The Multi Group's Swedish licence, after the company failed to renew its licence [...]

1 min read
OPAP

OPAP sees revenue fall 17% to €328.3m in first quarter

Athens-listed lottery and gaming operator OPAP has reported a 17 per cent fall in gross gaming revenue to €328.3m for the first quarter of 2020, following the closure of its retail stores and gaming halls due to COVID-19.

OPAP said that gross gaming revenue (GGR) was up 2 per cent year-on-year [...]

1 min read
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