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Rank Group

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
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 [...]

1 min read

Betting and Gaming Council warns of job losses without urgent government support

Britain’s Betting and Gaming Council has warned of real fears for thousands of staff and entire businesses in the gambling industry unless government steps in to provide assistance in the face of widespread venue closures and cancelled sporting events.

According to the BGC, Britain’s casinos face an immediate crisis as customer levels [...]

1 min 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

PAGCOR suspends casino and other gaming activities in the Philippines

The Philippine Amusement and Gaming Corporation (PAGCOR) has confirmed that it is suspending all gaming operations effective immediately.

In line with the instructions from President Rodrigo Duterte to put Metro Manila under community quarantine to prevent the further spread of COVID-19, the suspension applies to land-based casinos, electronic game (eGames), bingo, sports betting, poker and [...]

1 min read

Canada’s Ontario Lottery and Gaming Corporation loses CEO

Canada’s Ontario Lottery and Gaming Corporation (OLG) has begun the process to find a new president and chief executive after confirming that Stephen Rigby will be stepping down later this year.

Rigby has led the provincial lottery operator for the past five years and will work with the company to ensure a smooth [...]

1 min read

Argentina’s La Rioja province eyes online gambling regulations

La Rioja is looking to become the second province in Argentina to regulate online gambling.

The state gambling regulator Administración Provincial de Juegos de Azar (Ajalar) has signed an agreement with its counterpart the Provincial Institute of Lottery and Casinos (IPLyC) of Misiones to develop a safe and responsible online gambling market [...]

1 min read
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, [...]

1 min read

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 [...]

1 min read

Playtech extends long-running Betfred partnership until 2024

London-listed gaming supplier Playtech has secured a four-year extension to its long-term agreement with British bookmaker Betfred.

Expanding on a decade-long partnership, the new deal will see Playtech continue to provide Betfred with its casino, live casino, bingo and poker services on an exclusive basis in the UK.

The agreement also includes the extension of [...]

2 mins read

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 [...]

1 min read
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