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IGT

IGT posts $898m loss in 2020 as revenue falls 23%

New York-listed International Game Technology (IGT) has reported a 23 per cent fall in total revenue to $3.12bn in 2020, reflecting the continued global impact of the COVID-19 pandemic.

Revenue improved during the final quarter of 2020 but was still 15 per cent lower than a year ago at $885m, with [...]

1 min read

China lottery market returns to growth in strong start to 2021

China’s lottery market enjoyed a strong start to 2021 as total lottery sales increased to RMB35.76bn in January.

After sales were decimated by the COVID-19 pandemic in 2020, sales returned to growth in January, climbing 31 per cent year-on-year.

Growth was driven by a 43.5 per cent increase in Sports Lottery sales [...]

1 min read

Sweden records stable gambling revenue in 2020

Sweden’s licensed gambling operators generated total gross gaming revenue of SEK24.7bn (€2.4bn) in 2020, buoyed by a strong fourth quarter.

Gross gaming revenue (GGR) from online and land-based gaming fell by 0.4 per cent in 2020 according to the latest data from the Swedish tax authority.

The full year performance was buoyed [...]

1 min read

Virginia sports betting market hits $58.9m handle in first 11 days

Virginia’s nascent online sports betting market generated wagers of almost $59m in its first 11 days, despite the limited number of operators who were active during that period.

From the launch of regulated sports betting on January 21 through to the end of the month, players in Virginia wagered a total [...]

1 min read

Veikkaus counts cost of pandemic as 2020 revenue falls to €1.26bn

Finland's state-owned gaming operator Veikkaus has posted a 25.5 per cent drop in total gross gaming revenue to €1.26bn in 2020, as its retail network was negatively impacted by the COVID-19 pandemic.

Sales at Veikkaus’ retail points of sale declined as land-based slot machine and gaming arcades were closed for around [...]

1 min read
Flutter Entertainment

Flutter slips to 2020 loss as Stars’ acquisition weighs on bottom line

London-listed Flutter Entertainment has posted a 106 per cent increase in reported group revenue to £4.4bn in 2020, including results from The Stars Group (TSG) from May.

On a pro forma basis, which includes TSG’s results for both 2019 and 2020, group revenue was up 27 per cent year-on-year to £5.26bn [...]

1 min read
SciPlay

SciPlay lauds record year as 2020 revenue reaches $582.2m

New York-listed social casino operator SciPlay has posted record results for 2020 as revenue increased by 25 per cent to $582.2m.

The operator benefited from a strong performance during the final quarter of the year as revenue climbed 30 per cent year-on-year to $147.1m, with mobile contributing 87 per cent of [...]

1 min read
Scientific Games

Pandemic pushes Scientific Games’ full year revenue down to $2.72bn

New York-listed Scientific Games has posted a 20 per cent fall in total revenue to $2.72bn in 2020, as the COVID-19 pandemic impacted its core Gaming business.

The company’s full year revenue declined as COVID-19 restrictions impacted casinos globally, with the contraction in revenue from its Gaming division offsetting growth within [...]

1 min read

Nevada gambling revenue declines for 11th consecutive month

Nevada’s regulated gambling market contracted again in January 2021 as total gaming revenue fell by 27 per cent to $761.8m.

Gaming revenue declined year-on-year for the eleventh consecutive month since the start of the COVID-19 pandemic, although the market recorded growth of 11 per cent compared to the previous month’s $683.7m [...]

1 min read
Codere

Codere grows online presence as pandemic decimates retail revenue

Madrid-listed betting and gaming operator Codere has recorded a 57 per cent fall in revenue to €594.6m in 2020, with COVID-19 related closures and operational restrictions offsetting strong growth online.

The company’s entire retail operation was shuttered during most of Q2, with reopenings taking place progressively during Q3, only to be [...]

1 min read

Rhode Island sportsbooks hit record high in January

Rhode Island’s sports betting market posted a new record high in January 2021 as total wagers reached $39.8m.

The state’s two licensed sports betting operators saw total wagers increase by 48 per cent compared to the same month last year, and by 75 per cent month-on-month.

Rhode Island Sports Betting: FY 2021 [...]

1 min read
DraftKings

DraftKings raises 2021 guidance after Q4 revenue soars

New York-listed sports betting and fantasy sports operator DraftKings has reported a 90 per cent increase in revenue to $614.5m in 2020, with over half of the total generated during the final quarter of the year.

Revenue in Q4 2020 soared by 146 per cent year-on-year to $322m as major US [...]

1 min read
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