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bet-at-home.com grows revenue in 2019 but warns of trouble ahead

Frankfurt-listed gaming operator bet-at-home.com has reported a 2 per cent increase in net betting and gaming revenue to €117.5m for 2019, as turnover reached a record €3.2bn during the year.

Gross betting and gaming revenue fell marginally to €143.3m versus the same period a year ago, which included the FIFA World Cup, with betting fees [...]

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Mobile leads the way for West Virginia sports betting market in February

West Virginia’s five operational sportsbooks enjoyed their strongest month to date, collecting more than $39.6m in sports betting stakes during the four-week period ended 29 February.

Total stakes in West Virginia soared by 120 per cent compared to a year ago following the re-launch of sports betting operations at Wheeling Island Hotel Casino [...]

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New York’s commercial sportsbooks struggle in February

New York’s four commercial casinos struggled in February as total gross gaming revenue (GGR) from sports betting slipped to a loss of $0.2m.

Sports betting GGR dropped significantly compared to the previous month’s $1.9m total, with Del Lago Resort and Casino the only licensee to post a positive result in February [...]

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Sweden flag

Swedish gambling market buoyed by sports betting and online casino in 2019

Sweden’s regulated gambling market generated total net gaming revenue of SEK24.79m (€2.34bn) in its first year since the re-regulation of the market, with licensed operators enjoying their strongest quarter to date during Q4.

Based on preliminary data from the Swedish Tax Agency, revenue in Q4 rose by 12 per cent to quarter-on-quarter to SEK6.65bn, [...]

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Strong online performance sees GVC revenue hit £3.66bn in 2019

London-listed betting and gaming operator GVC Holdings has reported a 23 per cent increase in net gaming revenue to £3.66bn for 2019, benefiting from a full year’s trading of Ladbrokes Coral.

GVC recorded underlying growth in all areas of the business except UK Retail machines, where revenue declined following the implementation of the [...]

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Online drives Latvia gambling market growth in 2019

Licensed gambling operators in Latvia grew their combined gross gaming revenue by 10.5 per cent to €324.3m in 2019, buoyed by strong growth online.

Total gross gaming revenue (GGR) at the country’s 15 licensed private operators and state-owned Latvijas Loto rose by 10.5 per cent to €307.1m, with other gaming activity [...]

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IGT posts marginal drop in revenue to $4.79bn

New York-listed International Game Technology (IGT) has reported a 1 per cent fall in revenue to US$4.79bn for 2019, although revenue climbed 2 per cent in constant currency.

Revenue from IGT's North America Gaming & Interactive division increased by 7 per cent to $1.07bn for the year, as 15 per cent [...]

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Mobile boosts Rhode Island sports betting market in January

Rhode Island’s regulated sports betting market saw total wagers increase by 41 per cent to $26.9m in January, with mobile now representing nearly a third of the total.

While Twin River saw wagers decline by 6 per cent year-on-year to $14.7m, wagers from Tiverton Casino grew by 32 per cent to [...]

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Danske Spil

Record profit for Danske Spil in 2019 despite revenue decline

Denmark’s state-owned gaming operator Danske Spil has posted a record net profit of DKK1,904m (€257.8m) for 2019, despite seeing revenue decline during the year.

Total gross gaming revenue was down 1.5 per cent to DKK4,997m,(€668.6m), with results negatively impacted by the introduction of new mandatory deposit limits last July, which led [...]

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Sports betting decline hits Spanish iGaming market in Q4 2019

Licensed online betting and gaming operators in Spain have recorded a 2 per cent drop in gross gaming revenue (GGR) to €185.6m during the final quarter of 2019.

Sports betting represented nearly half (48 per cent) of the total market, despite GGR declining by 10 per cent to €90.0m, according to latest results [...]

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Swedish impairment charges hit 500.com’s bottom line in 2019

New York-listed lottery and gaming operator 500.com has reported a 69 per cent drop in net revenue to RMB39.7m (€5.1m) for 2019, with 2020 off to a poor start as Swedish operations remain suspended.

Revenue for the final quarter of the year fell by 68 per cent year-on-year to RMB8.6m, with [...]

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Codere grows Online as Argentina and Colombia slip

Madrid-listed gaming operator Codere has posted a 6 per cent decline in revenue to €1.39bn for 2019, despite growing contributions from its Online business.

The company recorded growth from its Online, Spain, Italy and Uruguay business segments, offset by declines in Colombia, Panama, Mexico and Argentina.

Latin America accounted for more than half of [...]

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