Racing News

William Hill

William Hill to repay furlough funds to UK government as trading recovers

London-listed gaming operator William Hill has recorded a robust recovery in the opening weeks of the second half as mainstream sport resumed and betting shops reopened, although COVID-related restrictions in the first half of the year caused a 32 per cent slump in net revenue.

The company said Wednesday that as [...]

1 min read

Tabcorp incurs $1bn write-down as COVID-19 impacts full year results

Sydney-listed gaming giant Tabcorp Holdings warned Monday that it expects to incur non-cash goodwill impairment charges of up to $1.1bn for the financial year ended 30 June, as a result of the COVID-19 pandemic.

Following the latest review of the carrying value of its assets, Tabcorp said that the impairment charges [...]

1 min read
Churchill Downs

Churchill Downs Inc. benefits from growth at TwinSpires in Q2

New York-listed racetrack and gaming operator Churchill Downs Inc. (CDI) has seen second quarter revenue fall by 61 per cent year-on-year due to the disruption caused by COVID-19, despite a 26.7 per cent increase in revenue from its Online Wagering segment.

Total net revenue for the second quarter of 2020 amounted [...]

1 min read

Scientific Games launches new Legends Racing virtual sports offering

New York-listed Scientific Games has expanded its OpenMarket sports content platform with Quantum Leap Solutions’ new virtual sports offering.

The Legends Racing Series has been developed in partnership with Racecourse Media Group (RMG) and brings together flat-racing stars from the last 50 years into a single database of 9,000 top-class horses, [...]

3 mins read

US District Court rules that Oklahoma Gaming Compacts remain valid

Oklahoma Governor Kevin Stitt has expressed his deep disappointment after a US District Court ruled Tuesday that the state’s former tribal gaming compacts remain in force.

Governor Stitt agreed four new tribal gaming compacts this year after concluding that the state’s former compacts expired on January 1, 2020, despite opposition from [...]

1 min read

Strong year of growth for PointsBet as US contribution grows

Australia and US sports betting operator PointsBet Holdings has reported a 191 per cent increase in net win to AUD$82.1m for its fiscal year ended 30 June, benefiting from a strong performance during the final quarter of the year.

Turnover in the final quarter rose by 58 per cent year-on-year to [...]

1 min read

XB Net expands UK presence with GentingBet supply deal

North American horse and greyhound racing provider XB Net has signed a supply deal with GentingBet, the UK sportsbook arm of Genting Casinos.

XB Net will provide GentingBet’s FSB Technology-powered sportsbook with pictures, betting data and odds from over 50 North American tracks and 25,000 races a year.

“From Malaysia to New [...]

2 mins read

Swedish iGaming growth driven by minority of licensed operators

The latest figures from Swedish gambling regulator Spelinspektionen show that the regulated iGaming market grew by 6 per cent year-on-year in May, despite the majority of licensed operators recording a decline for the month.

Online betting and gaming was the only segment of the regulated Swedish gambling market to grow revenue [...]

1 min read

Hong Kong Jockey Club seasonal turnover slips to HK$121.6bn

The Hong Kong Jockey Club (HKJC) has reported a 3 per cent drop in total racing turnover to HK$121.6bn (€13.8bn) for the 2019/20 season, its third highest performance in a season, despite the impact of COVID-19.

Turnover on Hong Kong racing by Hong Kong customers fell by 8 per cent due [...]

1 min read
GVC Holdings

GVC buoyed by strong online performance in first half of 2020

London-listed betting and gaming operator GVC Holdings has reported a 19 per cent increase in online net gaming revenue for the first half of 2020, although overall results were impacted by the COVID-19 pandemic.

Total net gaming revenue (NGR) fell by 11 per cent year-on-year in H1, with UK Retail NGR [...]

1 min read

PointsBet partners BetMakers to enter US horse racing market

Australian and US sports betting operator PointsBet Holdings has become the first online sportsbook in New Jersey to sign up for BetMakers’ new fixed odds horse race betting solution.

The agreement will see BetMakers provide its wagering technology solutions, including data and pricing services, as the operator looks to offer its [...]

3 mins read

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
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