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Playtech suspends shareholder distributions to strengthen financial position

London-listed gaming operator and supplier Playtech has postponed its share buyback programme and cancelled its final dividend for 2019 as it shores up its financial position.

The company said Thursday that the buyback programme would be postponed until further notice in order to maximise liquidity, with approximately €10m of the €40m programme completed.

This will also [...]

3 mins read

Rank Group warns of financial impact of venue closures

London-listed gaming operator Rank Group has warned that the closure of its UK casino and bingo venues will result in monthly net cash costs of around £25m before mitigating actions.

Rank Group said Wednesday that its performance at the start of the year was in line with the guidance issued in [...]

3 mins read

Basketball drives Mississippi sports betting growth in February

Mississippi’s 26 licensed sportsbooks collected total wagers of $34.5m during the month of February, an increase of 37 per cent year-on-year.

Basketball accounted for nearly two-thirds of the total with wagers of $21.7m, followed by football at $6.3m. Sports parlay cards generated a further $3.3m in wagers, while baseball and other [...]

3 mins read

Delaware iGaming market continues growth into February

Delaware’s regulated iGaming market continued its strong start to the year as net revenue climbed 18 per cent to $324,958 in February.

Total amounts wagered at the state’s three licensed operators increased by 9 per cent to $9.0m, with growth at Dover Downs and Harrington Raceway offsetting a decline at market leader [...]

3 mins read
Gamesys Group

Asia performance drives strong growth for Gamesys Group in 2019

London-listed online bingo-led operator Gamesys Group has reported a 35 per cent increase in revenue to £415.1m for 2019, boosted by results from the newly acquired Gamesys brands and organic growth in the UK and Asia.

On a proforma basis, revenue was up by 15 per cent compared to the previous [...]

5 mins read

GVC warns of impact of sporting cancellations on earnings

London-listed sports betting and gaming operator GVC Holdings said Monday that the significant reduction in sporting events as a result of the coronovirus could reduce its full year EBITDA by between £130m and £150m.

Providing an update regarding the impact of COVID-19 and subsequent cancellation of sporting events, GVC said that the well-being, safety and security [...]

1 min read
The Stars Group

The Stars Group on course for strong first quarter revenue growth

Toronto-listed betting and gaming operator The Stars Group Inc said Monday that it remains confident of delivering revenue growth this year, despite the recent postponement and cancellation of a number of major sporting events globally.

In a trading update, the operator said that Q1 revenue from its International segment was slightly ahead of the prior [...]

1 min read

Flutter Entertainment issues profit warning over sporting fixture cancellations

London-listed betting and gaming operator Flutter Entertainment has warned that group EBITDA could be reduced by as much as £110m if the current restrictions on sports fixtures remain in place until the end of August.

With almost all major sporting events in the UK and across the world cancelled or postponed indefinitely in an [...]

1 min read

DraftKings sees 2019 revenue reach $323m ahead of SBTech combination

DraftKings has reported a 43 per cent increase in net revenue for 2019 to $323m, following a transformative year for the sports betting and fantasy sports operator.

DraftKings launched sports betting in Indiana, Iowa, New Hampshire, New York, Pennsylvania and West Virginia during 2019 and established new relationships with the NFL and PGA [...]

1 min read

iGaming and sports betting continue to boost New Jersey gambling market

New Jersey’s regulated betting and gaming market grew by 19 per cent in February as total gaming revenue reached $287.3m for the month.

Revenue from the land-based casino sector increased by 11 per cent year-on-year to $218.3m, equivalent to more than three-quarters of the monthly total, with sports betting revenue climbing [...]

1 min read

New acquisition boosts Inspired Entertainment’s full year revenue

New York-listed gaming supplier Inspired Entertainment has reported a 9 per cent increase in total revenue to US$153.4m for 2019, benefiting from the first contribution from its newly acquired UK gaming terminals business.

Revenue during the final quarter of the year soared 116 per cent to $66.4m, driven by growth across [...]

1 min read

Iowa sportsbooks benefit from record online performance in February

Iowa’s regulated sports betting market collected total wagers of $56.9m during the month of February, with one-third generated online.

Total sports betting wagers declined by 2 per cent compared to the previous month, with online wagers contributing $37.8m and retail wagers $19.1m.

Iowa Sports Betting: February 2020 (US$)

Prairie Meadows Racetrack & Casino [...]

1 min read
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