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Britain sees reduction in problem gambling

The latest survey data from Britain’s Gambling Commission shows that overall participation in any gambling activity remained statistically stable at 43 per cent in the year to June 2022, alongside an improvement in problem gambling rates.

The June 2022 data shows that 42.9 per cent of survey respondents over the age [...]

1 min read

Horse racing drives record second quarter for Churchill Downs Inc.

New York-listed racing and gaming operator Churchill Downs Incorporated has reported record results for the second quarter of 2022 as net revenue climbed by 13 per cent to $582.5m.

The company’s core Live and Historical Racing segment saw net revenue increase by 45 per cent year-on-year to a record $275.9m, primarily [...]

1 min read

Hong Kong Jockey Club appoints new head of wagering products

The Hong Kong Jockey Club (HKJC) has promoted Michael Fitzsimons to the role of executive director of wagering products. 

Fitzsimons will lead and drive HKJC’s wagering business, taking over responsibility for horse racing and football wagering, as well as the Mark 6 lottery. He will also lead the international commingling business [...]

1 min read

William Hill named official betting partner of Britain’s Racing League

888 Holdings' William Hill brand has been unveiled as the new official betting partner of Britain and Ireland’s 2022 Racing League.

Having served as title partner of the inaugural event last year, William Hill returns as an official betting partner of Racing League, which begins on 4 August and sees teams [...]

3 mins read
Kindred

Kindred Group revenue falls 34% in tough second quarter

Stockholm-listed Kindred Group has reported a 34 per cent fall in total revenue to £238.7m for the second quarter of 2022, with results negatively impacted by strong comparables a year ago, a lower sportsbook margin, and the temporary withdrawal from the Netherlands.

Gross winnings revenue from B2C operations were down 36 [...]

1 min read
Pennsylvania

Pennsylvania full year gambling revenue tops $5bn for first time

Pennsylvania’s licensed betting and gaming operators generated record revenue of $5.04bn during the state's 2021/22 fiscal year, although revenue in June grew by just 0.2 per cent compared to the same period last year.

Total revenue from all forms of regulated gambling reached $389.8m in June, driven by growth from iGaming, [...]

1 min read

Coral agrees Glorious Goodwood official betting partnership

Entain-owned bookmaker Coral has been named as an official betting partner of Britain's Qatar Goodwood Festival for the next three years.

The new commercial relationship will see Coral sponsor ten races across the five days of the Qatar Goodwood Festival, which begins next week, including the Coral Golden Mile on Friday [...]

2 mins read

New Jersey gambling revenue grows despite June sportsbook decline

New Jersey’s casinos, racetracks and their partners recorded a 2 per cent increase in total betting and gaming revenue to $401.5m in June, despite seeing a significant decline in sports betting.

Land-based casino win from the state’s nine licensed casino properties increased by 7 per cent year-on-year to $229.1m, with June [...]

1 min read

Record year for HKJC as racing turnover reaches HK$140bn

The Hong Kong Jockey Club (HKJC) has reported a 3 per cent increase in turnover to a record HK$140bn (€17.58bn) following the conclusion of the 2021/22 racing season over the weekend.

Despite the negative impact of covid on attendance, HKJC generated record turnover from 836 domestic races and 281 simulcast overseas [...]

1 min read
Playtech

Playtech shares slide as TTB Partners drops acquisition bid

Hong Kong-based investment firm TTB Partners has announced that it will not be making a bid to acquire London-listed iGaming supplier and operator Playtech.

The parties had been discussing a potential acquisition since last November, shortly after Playtech received a £2.7bn (680p per share) acquisition offer from Australian gaming supplier Aristocrat [...]

1 min read

Sky Racing extends Greyhound Racing Victoria partnership

Tabcorp-owned horse racing content distributor Sky Racing (Sky) has secured the rights to broadcast and distribute Victorian greyhound racing for the next four years.

The partnership with Greyhound Racing Victoria (GRV) will create additional content across the Sky Racing network and drive wagering growth throughout TAB’s digital and retail networks, the [...]

1 min read

DCMS commits to publishing UK gambling review within weeks

The leadership contest to choose a new leader of the Conservative Party is unlikely to cause a significant delay in the publication of the Gambling Act review whitepaper.

Nigel Huddleston, the parliamentary under-secretary of state for Digital, Culture, Media and Sport (DCMS), told parliament Thursday that the government intends to publish [...]

1 min read
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