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Buzz Bingo to close 26 venues in proposed restructure

UK bingo operator Buzz Bingo is proposing to restructure its retail estate through a company voluntary arrangement (CVA), which will see 26 bingo clubs closed permanently and nearly 600 staff made redundant.

It follows a period of consultation with Buzz Bingo’s various stakeholders, including its landlords, aimed at securing a sustainable [...]

3 mins read
European Commission

Netherlands amends Gambling Act and unveils iGaming regulations

The Netherlands government has notified the European Commission of proposed changes to its Gambling Act and Gambling Tax Act, as well as new regulations for the implementation of remote gambling in the Remote Gambling Order.

The proposed amendments to the Gambling Act relate to advertising restrictions, the use of customer databases, [...]

1 min read
Spain

Spain sees strong iGaming growth ahead of new advertising restrictions

Spain’s regulated online gaming market recorded a 12.5 per cent increase in first quarter gross gaming revenue, driven by strong performances across all products.

Gross gaming revenue (GGR) amounted to €217.97m in Q1 2020, with sports betting accounting for half of total market GGR at €110.62m, an increase of 8.65 per [...]

1 min read
Pragmatic Play

Pragmatic Play to roll out new bingo product for Lottoland

Gaming supplier Pragmatic Play has agreed a deal to provide its newly launched bingo product to Gibraltar-based operator Lottoland.

With its slots portfolio already live with the operator, Pragmatic Play will now also provide Lottoland with five different bingo variants (30, 50, 75, 80 and 90-ball), as well as its exclusive [...]

2 mins read
Kindred

Kindred Group expects second quarter revenue to climb to £235m

Shares in online gaming operator Kindred Group were on the rise in Stockholm Wednesday morning after the company announced an expected 4 per cent increase in second quarter revenue to £235m.

With the exception of sports betting, which was negatively impacted by the cancellation of sporting events, Kindred grew revenue from [...]

1 min read

Data shows fall in UK gambling participation during lockdown

The UK Gambling Commission (UKGC) has published new data on the impact of the COVID-19 lockdown on gambling behaviour, revealing an overall decrease in active players accounts between April and May.

The latest data from the UKGC and YouGov COVID-19 Tracker reflects two months of full lockdown in April and May, [...]

1 min read
Gaming Realms

Gaming Realms deploys Slingo Originals portfolio across Rank Group brands

London-listed games developer Gaming Realms has rolled out its Slingo Originals portfolio with Rank Group under a new three-year distribution agreement.

Rank Group casino and bingo brands such as Aspers Casino, Lucky VIP Casino and Kitty Bingo now offer players the entire Slingo Originals portfolio, including top performing titles Slingo Monopoly, [...]

2 mins read
Rank Group

Rank welcomes reopening of venues as it begins new fiscal year

London-listed gaming operator Rank Group expects underlying profit for the fiscal year ended 30 June to be at the lower end of previous guidance due to expenses related to venue reopenings.

The company will reopen 35 of its 77 Mecca venues in England on 4 July following the COVID-19 shutdown, with [...]

1 min read

UK Lords report calls for overhaul of gambling regulations

The House of Lords Select Committee on the Social and Economic Impact of the Gambling Industry has released its report into gambling harm in the United Kingdom.

The report is based on oral and written evidence submitted to the committee in 2019 and early this year by a wide range of [...]

1 min read

Gaming shares rebound in second quarter of 2020

After seeing their shares decimated by the havoc wreaked by the Covid-19 pandemic in March, the majority of the 50 publicly-listed operator and suppliers that make up the GI Stock Index saw their shares rally between 1 April and 30 June, making up some of the losses in Q1 2020.

After [...]

1 min read
Bingo

Netherlands ends online bingo toleration

The Netherlands gambling regulator is ending its leniency towards online bingo operations as the country further relaxes its COVID-19 movement restrictions.

The gambling regulator has allowed not-for-profit online bingo games to flourish since it announced in May that the activity would be tolerated in view of the role it could play [...]

2 mins read
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 [...]

1 min read
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