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Pennsylvania hits record iGaming and sports betting high in October

Pennsylvania’s regulated gambling market saw total gaming and fantasy contests revenue grow by 13 per cent to $320.2m in October, buoyed by record performances in iGaming and sports betting.

Total gaming revenue climbed for the fourth consecutive month, despite continued declines within the land-based sector, where slot machine revenue fell 17 [...]

1 min read

Sokratis Kokkalis returns as Intralot CEO

Athens-listed gaming and lottery supplier Intralot has announced the return of founder and chairman Sokratis Kokkalis to the role of group chief executive officer.

Kokkalis takes over as CEO of Intralot from Christos Dimitriadis, who now moves to a new role focused on the company’s opportunities in the United States.

Dimitriadis served [...]

1 min read

UK online gambling market returns to growth in September

The latest data from Britain’s Gambling Commission has revealed that the online gambling market grew to £420m in September, with sports betting boosted by the return of the English Premier League.

After three consecutive months of decline, data collected from licensed online gambling operators covering 80 per cent of the market [...]

1 min read

iGaming boon for New Jersey as sports betting hits record high in October

New Jersey’s regulated betting and gaming market saw total gaming revenue increase by 15 per cent to $338.1m in October, buoyed by strong growth in iGaming and a record performance in sports betting.

The land-based sector continued to decline as casinos operate under Covid-related restrictions, with revenue falling 8 per cent [...]

1 min read

Inspired doubles third quarter revenue to $60.1m

New York-listed gaming supplier Inspired Entertainment has seen revenue more than double to $60.1m in the third quarter of 2020, boosted by VAT-related income of $9.3m and the recent acquisition of Novomatic Gaming Technology.

Revenue from Server Based Gaming increased by 39 per cent to $25.5m, including a payment of $9.3m [...]

1 min read

Codere grows online operations as retail continues to struggle in Q3

Madrid-listed gaming operator Codere has reported a 58 per cent drop in revenue to €143.0m for the third quarter of 2020, with the effects of COVID-19 continuing to impact results across Latin America and Europe.

Revenue from Latin America declined by 89.5 per cent year-on-year to just €20.9m during the quarter, [...]

1 min read

Apollo Global offers CAD$3.3bn to acquire Great Canadian Gaming Corp

US investment fund Apollo Global Management has entered into a definitive agreement to acquire Toronto-listed land-based casino operator Great Canadian Gaming Corp. in a deal worth CAD$3.3bn.

Funds managed by affiliates of Apollo will acquire all the outstanding shares of Great Canadian common stock for $39.00 per share, as part of [...]

4 mins read

J. Brin Gibson named chair of Nevada Gaming Control Board

Nevada Governor Steve Sisolak has appointed his former general counsel J. Brin Gibson to lead the Nevada Gaming Control Board (NGCB).

Gibson assumes the role of chair and executive director of NGCB on November 18 from Sandra Douglass Morgan, who stepped down on Friday to join the board of directors of [...]

2 mins read
Detroit, Michigan

Detroit casinos see sports betting handle hit record $46.1m in October

Michigan’s three commercial casinos have reported a 12 per cent fall in revenue to $101.4m for the month of October, despite increasing contributions from retail sports betting.

With the three Detroit casinos continuing to operate at 15 per cent capacity due to COVID-19 restrictions, table games and slots revenue fell by [...]

1 min read
Sweden flag

Sweden seeks to extend temporary gambling restrictions until June

The Swedish government has proposed to extend the temporary gambling restrictions introduced in the country in response to COVID-19 until next June.

The temporary restrictions came into force in July in response to the perceived risk of increased problem gambling as a result of unemployment, financial uncertainty or mental health issues [...]

1 min read
Caesars Entertainment

Caesars Entertainment sees Q3 loss climb to $926m

New York-listed casino operator Caesars Entertainment has reported a 52 per cent increase in net revenue to $1.38bn for the third quarter of 2020 following its merger with Eldorado Resorts on 20 July.

The growth was driven by the addition of Eldorado results, although combined operations saw same-store revenue fall by [...]

1 min read
Scientific Games

Scientific Games recovers in Q3 despite land-based gaming decline

New York-listed lottery and gaming supplier Scientific Games has reported an 18 per cent fall in revenue to $698m in the third quarter of 2020, as its core land-based gaming segment continued to be negatively impacted by COVID-19 restrictions.

Revenue improved by 29 per cent compared to the previous quarter, boosted [...]

1 min read
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