Bingo News

Gaming Innovation Group on top as gaming shares rebound in February

After a slow start to the year in January, there was better news for industry stakeholders in February as shares in the leading operators and suppliers rose by a combined 5.6 per cent by month end.

After posting a decline of 7.8 per cent last month, the 50 publicly-listed operators and [...]

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Entain posts 2020 revenue of £3.6bn as international gains offset by COVID-19 impact

London-listed betting and gaming operator Entain has reported flat net gaming revenue (NGR) of £3.63bn for 2020, with strong growth in international operations offset by the impact of the COVID-19 pandemic on its retail businesses.

In the first half of the year, NGR decreased by 11 per cent, with a strong [...]

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Sweden records stable gambling revenue in 2020

Sweden’s licensed gambling operators generated total gross gaming revenue of SEK24.7bn (€2.4bn) in 2020, buoyed by a strong fourth quarter.

Gross gaming revenue (GGR) from online and land-based gaming fell by 0.4 per cent in 2020 according to the latest data from the Swedish tax authority.

The full year performance was buoyed [...]

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Veikkaus counts cost of pandemic as 2020 revenue falls to €1.26bn

Finland's state-owned gaming operator Veikkaus has posted a 25.5 per cent drop in total gross gaming revenue to €1.26bn in 2020, as its retail network was negatively impacted by the COVID-19 pandemic.

Sales at Veikkaus’ retail points of sale declined as land-based slot machine and gaming arcades were closed for around [...]

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Flutter Entertainment

Flutter slips to 2020 loss as Stars’ acquisition weighs on bottom line

London-listed Flutter Entertainment has posted a 106 per cent increase in reported group revenue to £4.4bn in 2020, including results from The Stars Group (TSG) from May.

On a pro forma basis, which includes TSG’s results for both 2019 and 2020, group revenue was up 27 per cent year-on-year to £5.26bn [...]

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Codere grows online presence as pandemic decimates retail revenue

Madrid-listed betting and gaming operator Codere has recorded a 57 per cent fall in revenue to €594.6m in 2020, with COVID-19 related closures and operational restrictions offsetting strong growth online.

The company’s entire retail operation was shuttered during most of Q2, with reopenings taking place progressively during Q3, only to be [...]

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Pragmatic Play

Pragmatic Play appoints VP of commercial strategy and operations

iGaming supplier Pragmatic Play has brought in former Rank Digital head of gaming product Bhotesh Maheshwari to lead its commercial strategy.

Maheshwari will oversee commercial operations and build closer product partnerships with leading operators across Europe as vice president of commercial strategy and operations, as well as expanding Pragmatic Play’s footprint [...]

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Sports betting drives increase in British gross gambling yield in December

Britain’s Gambling Commission has released new data showing the impact of Covid-19 lockdown measures on online gambling behaviour in December 2020.

With retail gambling venues closed during the month of December, online gambling gross gaming yield (GGY) climbed by 30 per cent versus the previous month, driven by strong operator margins [...]

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Lithuania gambling market halves in 2020

Lithuania’s licensed gambling operators posted a 49 per cent fall in total turnover to €166.9m in 2020, as restrictions due to the COVID-19 pandemic impacted both land-based and online operations.

The pandemic led to the Lithuanian government shuttering all land-based activities between 22 March to 9 June 2020, and again from [...]

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Pragmatic Play challenges Entain in battle for online bingo players

Pragmatic Play’s bingo network has made significant strides in 2020, with a new study commissioned by HowAboutBingo.com showing average player numbers across the network more than doubling in the last four months of the year

The addition of PlayOJO to Pragmatic Play’s bingo network has powered the emerging bingo supplier to [...]

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Rank Group

Rank Group swings to loss as pandemic decimates Venues business

London-listed casino and bingo operator Rank Group has reported a 55 per cent fall in net gaming revenue to £177.6m for the financial first half period ended 31 December, as the COVID-19 pandemic significantly impacted its Venues business.

The fall in revenue was due to the impact of the Covid-19 pandemic, [...]

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Online drives Entain revenue growth in Q4 2020

London-listed betting and gaming operator Entain has reported its 20th consecutive quarter of double digit online net gaming revenue growth, although lower retail revenue due to Covid-related store closures meant that full year net revenue was in line with the prior year.

Fourth quarter online net gaming revenue (NGR) increased by [...]

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