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Norway notifies new Gambling Act to European Commission

The government of Norway has submitted its draft Gambling Act to the European Commission for approval.

The proposed new law would govern all gambling activities in Norway under an exclusive rights model, with state-owned Norsk Tipping retaining its monopoly on lottery and gaming, while Norsk Rikstoto would be the only authorised [...]

1 min read

BHA appoints British Cycling’s Julie Harrington as next CEO

The British Horseracing Authority (BHA) has appointed British Cycling CEO Julie Harrington as its next chief executive.

Harrington will take over as the new head of British horseracing’s governing body at the beginning of 2021 after nearly four years leading British Cycling. She replaces Nick Rust, who announced earlier this year [...]

3 mins read
GVC Holdings

Strong Online growth helps GVC reduce impact of retail closures in H1

London-listed betting and gaming operator GVC Holdings has reported an 11 per cent fall in revenue for the first six months of the year due to COVID related store closures and cancelled sporting events.

GVC’s net gaming revenue (NGR) in the first half of 2020 amounted to £1,616.7m compared to £1,810.6m [...]

1 min read
Penn National Gaming

Penn National Gaming revenue declines 77% in second quarter

New York-listed operator Penn National Gaming has reported a 77 per cent drop in revenue to $305.5m for the second quarter of 2020 as a result of the COVID-19 pandemic, despite strong online growth.

Revenue declined across all four of the company’s regional segments in the United States, with the Northeast [...]

1 min read

Racecourse Media Group CEO steps down

Racecourse Media Group has confirmed that long-serving CEO Richard FitzGerald will be stepping down as CEO after nearly twelve years in the role.

RMG, the umbrella organisation for 34 British racecourses, said that it was the right moment for FitzGerald to announce his decision to step down after the recent renewal [...]

3 mins read

Playtech shares rise on resilient first half performance

London-listed gaming technology provider Playtech said Wednesday that it continues to focus on positioning the business for success in the long-term, as the COVID-19 pandemic severely impacted results during the first half of 2020.

Playtech described the H1 performance as resilient after delivering adjusted EBITDA of more than €160m, driven by [...]

1 min read
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
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