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Rank Group

Retail closures result in 68% fall in profit at Rank Group

London-listed gaming operator Rank Group has reported an 8 per cent fall in revenue to £638.1m for its fiscal year ended June 30, with results negatively impacted by retail closures in the final quarter of the period due to COVID-19.

Despite strong performances from Rank’s retail venues in the first eight [...]

1 min read

Novomatic posts H1 revenue decline despite online growth

Austrian gaming giant Novomatic has reported a 36 per cent drop in revenue to €805.4m for the first half of 2020 as a result of the COVID-19 pandemic.

Revenue was significantly impacted by the temporary closure of gaming facilities including casinos, slot arcades and bars, while the company’s Gaming Technology business [...]

1 min read

China lottery Market returns to growth in July

China’s lottery market recovered in July as total sales increased by 10 per cent year-on-year to RMB36.15bn (€4.48bn).

With lottery sales negatively impacted by the COVID-19 pandemic throughout the first half of 2020, July marked a return to growth following a 3 per cent year-on-year decline in June.

Welfare Lottery sales climbed [...]

1 min read
Codere

Codere posts expanded loss in H1 following temporary closures

Spanish gaming operator Codere has reported a 55 per cent fall in revenue to €318m in the first half of 2020, as COVID-19 related closures significantly impacted operations in Spain and Latin America.

The company’s heavy reliance on sports betting also meant that it failed to grow its online gaming business [...]

1 min read
Gaming Realms

Gaming Realms posts 66% first half revenue growth

London-listed gaming supplier Gaming Realms has reported a 66 per cent increase in revenue to £5.2m for the first half of 2020, boosted by strong growth in the United States.

Licensing revenue doubled to £3.4m during the period due to an increase in distribution and an expanded games portfolio, while social [...]

1 min read

The Greenbrier dominates West Virginia’s sports betting market in August

West Virginia’s licensed sportsbooks returned to growth in August as total wagers rose to $40.4m for the four-week period ended 29 August.

With the Mardi Gras Casino relaunching its retail and mobile sportsbook at the end of the month, there were four casinos in the state with operational sportsbooks, generating $9.3m [...]

1 min read
Intralot

Intralot sees first half revenue slump 55%

Athens-listed Intralot has reported a 55 per cent fall in revenue to €168.2m for the first half of 2020, as second quarter results were significantly impacted by the COVID-19 pandemic.

Intralot’s systems handled €9.8bn of worldwide wagers during the six month period, an increase of 2 per cent versus a year [...]

1 min read

New Zealand’s SkyCity enjoys first contributions from online launch

New Zealand’s SkyCity Entertainment Group has generated revenue of NZ$4.5m from its newly launched online casino operations during the financial year ended 30 June.

Launched last August in partnership with Gaming Innovation Group, the operator said that it had experienced strong growth in customer registrations, first-time depositors and gaming revenue during [...]

1 min read
Washington DC

Washington DC online sports betting stakes top $0.7m in second month

Washington DC’s nascent sports betting market generated total wagers of $741,500 in its second full month of operation via the DC Lottery’s GambetDC mobile app and website.

Wagering climbed to $741,500 in July from $223,730 in the previous month, with the number of bets rising from 9,974 in June to 28,075 [...]

1 min read

iLottery drives Kentucky Lottery growth in July

In a strong start to its 2021 financial year, the Kentucky Lottery has seen total sales increase by 46 per cent in July as internet lottery sales soared.

Following a record performance in its 2020 financial year, total sales grew to $124.4m in July, with scratch-off sales climbing 52 per cent [...]

1 min read

HKJC annual turnover falls to €23.6bn despite digital wagering growth

The Hong Kong Jockey Club (HKJC) has reported a 12 per cent decline in total turnover to HK$218.75bn (€23.6bn) for its 2019/20 financial year ended 30 June.

Despite the impact of COVID-19 on global sports and racing, HKJC did not lose a single race during the pandemic after implementing stringent health [...]

1 min read

Rhode Island collects $6.7m in sports betting wagers in July

Rhode Island’s regulated sports betting market generated total wagers of $6.7m in July, primarily from online and mobile sports betting.

With the state's two casinos only reopening on 22 July following their COVID-19 related closure, total wagers fell by 19 per cent compared to the same month last year, when there [...]

1 min read
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