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Swedish gambling market grows despite retail decline

Sweden’s licensed gambling operators grew third quarter revenue by 1.3 per cent year-on-year, according to the latest data from gambling regulator Spelinspektionen.

The data is based on information from the Swedish tax authority and shows that licensed operators, both online and land-based, generated total gross gaming revenue of SEK6bn in the [...]

1 min read
European Commission

Sazka gains EC competition clearance

Sazka’s bid to assume joint control of Casinos Austria has secured European Commission approval.

Sazka agreed a deal in March with Austrian state-owned holding company ÖBAG for joint control of Casinos Austria, having increased its shareholding in the business to over 50 per cent through the acquisition of the stake held [...]

1 min read

Land-based struggles offset strong digital growth for Aristocrat in FY20

Sydney-listed supplier and social casino operator Aristocrat Leisure has reported a 6 per cent fall in revenue to AUD$4.14bn for its financial year ended 30 September, despite strong growth from its Digital operations.

The overall fall reflected a 32 per cent decline in land-based gaming revenue, driven by the impact of [...]

1 min read

Sweden survey shows growth in gambling participation

The latest survey into gambling participation in Sweden shows a minor rise in real-money gambling in 2020, marking the first growth in eight years.

The annual survey by Swedish gambling regulator Spelinspektionen and research firm Novus shows that 66 per cent of respondents gambled in the past year, an increase of [...]

1 min read
Pennsylvania

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
Intralot

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

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
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