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Swedish gambling market contracted in second quarter

Sweden’s regulated gaming market declined by 4 per cent to SEK5.9bn (€569.7m) in the second quarter of 2020, as the COVID-19 pandemic impacted land-based sales.

Net gaming revenue (NGR) from online casino and sports betting grew by 4 per cent to SEK3.6bn in Q2, accounting for 61 per cent of the [...]

1 min read
OPAP

OPAP sees first half revenue decline 36%

Athens-listed lottery and gaming operator OPAP has reported a 36 per cent fall in net gaming revenue to €335.2m for the first half of 2020, as results were impacted by COVID-19 related lockdowns and retail store closures.

Total amounts wagered declined by 34 per cent year-on-year to €1.41bn, with gross gaming [...]

1 min read

Novomatic posts H1 revenue decline despite online growth

Austrian gaming giant Novomatic has reported a 36 per cent drop in revenue to €805.4m for the first half of 2020 as a result of the COVID-19 pandemic.

Revenue was significantly impacted by the temporary closure of gaming facilities including casinos, slot arcades and bars, while the company’s Gaming Technology business [...]

1 min read
Codere

Codere posts expanded loss in H1 following temporary closures

Spanish gaming operator Codere has reported a 55 per cent fall in revenue to €318m in the first half of 2020, as COVID-19 related closures significantly impacted operations in Spain and Latin America.

The company’s heavy reliance on sports betting also meant that it failed to grow its online gaming business [...]

1 min read
Intralot

Intralot sees first half revenue slump 55%

Athens-listed Intralot has reported a 55 per cent fall in revenue to €168.2m for the first half of 2020, as second quarter results were significantly impacted by the COVID-19 pandemic.

Intralot’s systems handled €9.8bn of worldwide wagers during the six month period, an increase of 2 per cent versus a year [...]

1 min read

Ainsworth Game Technology sees full year revenue decline 36%

Sydney-listed Ainsworth Game Technology (AGT) has reported a 36 per cent fall in revenue to AUD$149m for its fiscal year ended 30 June, after seeing second half revenue decimated by the COVID-19 pandemic.

The company said that results were severely impacted by the coronavirus during the final quarter of the financial [...]

1 min read
Denmark

Danish gambling market shrinks 33% in Q2 despite online casino growth

Denmark’s regulated betting and gaming market declined by 33 per cent to DKK1.16bn (€155.9m) in the second quarter of 2020, as the COVID-19 pandemic negatively impacted land-based gaming and sports betting revenue.

Online casino was the only sector to record growth in Q2 as gross gaming revenue (GGR) increased by 6 [...]

1 min read
Online Gaming

Sweden’s online operators and state lottery grew turnover in June

Sweden’s regulated gambling market achieved marginal growth in June, despite the closure of land-based casinos.

Turnover in the Swedish gambling market amounted to SEK1,611m in June compared to SEK1,600 in June 2019, driven by a 5 per cent year-on-year increase in commercial online gaming and betting to SEK1,173m and an 11 [...]

1 min read
Pennsylvania

Pennsylvania gambling market returns to growth in July

Pennsylvania’s regulated betting and gaming market returned to growth for the first time since February as total net revenue increased by 0.6 per cent year-on-year to $283.1m in July.

All twelve of the Commonwealth’s casinos were in operation for all or most of the month for the first time since March, [...]

1 min read

Online growth fails to offset Q2 retail decline for Inspired Entertainment

New York-listed gaming supplier Inspired Entertainment has reported a 42 per cent drop in revenue to $15.6m for the second quarter of 2020, with online growth offset by the temporary suspension of the company’s land-based business.

Revenue from Inspired's server-based gaming (SBG) business fell by 77 per cent to $4.0m in [...]

1 min read

New Jersey gaming market recovers in July as iGaming continues to soar

New Jersey’s regulated betting and gaming market generated total gaming revenue of $264.5m in July, buoyed by another strong performance from iGaming and improved results from sports betting and land-based gaming.

Total revenue fell by 21 per cent compared to the same period last year as Atlantic City casinos, retail sportsbooks [...]

1 min 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
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