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VGT/VLT News

Latvian gambling market shrinks by 52% in first half of 2020

Latvia’s regulated gambling market declined by 52 per cent to €74.1m in the first half of 2020 as a result of the COVID-19 pandemic.

All gaming halls, betting points and land-based casinos were closed from 22 March until 9 June due to the pandemic, while 11 online operators were shuttered from [...]

1 min read
Ukraine

Ukraine President signs bill legalising gambling

Legal gambling is set to return to Ukraine after President Volodymyr Zelensky signed legislation Tuesday to authorise and regulate online and land-based casino gaming and sports betting.

The new law allows licensed operators to conduct casino gaming and booking activities in retail locations and online, as well as authorising lotteries, online [...]

3 mins read

Inspired Entertainment set for VLT rollout in Canada

New York-listed gaming supplier Inspired Entertainment has agreed a deal to roll out its video lottery terminals in Canada for the first time with Western Canada Lottery Corporation (WCLC).

Inspired will deploy 100 of its Valor video lottery terminals (VLT) in Saskatchewan in early 2021 alongside a suite of unique game [...]

2 mins 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
IGT

IGT revenue slumps 48% in tough second quarter

New York-listed gaming supplier International Game Technology (IGT) has reported a 48 per cent drop in revenue to $637m for the second quarter of 2020, reflecting the impact of global COVID-19 restrictions.

Revenue was down across all business segments and all primary revenue streams, except for digital activities which saw revenue [...]

1 min read
Tabcorp

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

GameCo secures New Jersey approval ahead of iGaming debut

Las Vegas-based skill games developer GameCo has been granted approval to launch its portfolio of games with licensed casino and sportsbook operators in New Jersey.

The Casino Service Industry Enterprise license from the New Jersey Division of Gaming Enforcement allows the supplier to roll out its esports betting solutions and skill-based [...]

2 mins 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

Scientific Games widens Q2 loss as revenue falls to $539m

New York-listed supplier Scientific Games has reported a 36 per cent fall in revenue to $539m for the second quarter of 2020, as results were adversely impacted by COVID-19 disruptions during the period.

The company’s Gaming and Lottery revenue was negatively impacted by temporary retail closures, while the SciPlay and Digital [...]

1 min read
Tabcorp

Tabcorp names new chairman as CEO search begins

Shares in Sydney-listed gaming operator Tabcorp gained almost 5 per cent Thursday after the company announced its next chairman and the start of succession planning for a new chief executive.

The leadership change will see Steven Gregg succeed Paula Dwyer as chairman on 31 December, with the company also beginning the [...]

2 mins read
Svenska Spel

Svenska Spel revenue falls 19% in tough second quarter

Swedish state-owned gaming operator Svenska Spel has reported a 19 per cent drop in net gaming revenue to SEK1.64bn (€158.9m) for the second quarter of 2020.

Revenue was negatively impacted by restrictions due to the COVID-19 pandemic, with revenue from the Sport & Casino business down 37 per cent to SEK291m [...]

1 min 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
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