Latvia gambling decline continues into third quarter

Latvia’s regulated gambling market has seen total turnover decline by 46 per cent to €129.2m in the first nine months of 2020, despite signs of improvement during the third quarter period.

With first half results significantly impacted by the COVID-19 pandemic, turnover in the third quarter improved but was still down [...]

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Loto-Québec sees H1 iGaming revenue soar to $166.5m

Canadian provincial lottery operator Loto-Québec has recorded a 51 per cent fall in revenue to CAD$687.4m for the first half period ended 28 September, as significant growth online failed to offset the impact of COVID-19 on retail sales.

The pandemic led to the suspension of nearly all of the lottery’s business [...]

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IGT secures long-term lottery supply deal with Poland’s Totalizator Sportowy

New York-listed supplier International Game Technology (IGT) has won a new long-term contract with Polish national lottery operator Totalizator Sportowy following a competitive procurement process.

The new seven-year facilities management contract begins on 1 December 2021 and includes the option to extend for an additional three years.

The contract includes the provision [...]

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UK betting and gaming receipts down 8% due to Covid-19

Retail closures related to the Covid-19 pandemic have contributed to an 8 per cent fall in total betting and gaming duty receipts in the United Kingdom.

The latest figures from HM Revenue & Customs (HMRC) include duties on Bingo, Gaming, General Betting, Lottery, Pool Betting and Remote Gaming in the six-month [...]

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IGT secures VLT contract extension with Western Canada Lottery Corp

New York-listed supplier International Game Technology (IGT) has agreed a multi-year extension to continue as the VLT central systems provider for Western Canada Lottery Corporation (WCLC).

As part of the contract extension, subsidiary IGT Canada Solutions will upgrade WCLC's video lottery system to the latest version of its INTELLIGEN systems software [...]

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Penn National Gaming

Penn National Gaming sees positive momentum in Q3 2020

New York-listed racing and gaming operator Penn National Gaming saw an improvement in its financial performance in Q3, with revenue for the quarter down 17 per cent year-on-year at $1.13bn.

This improvement compares to the second quarter’s 77 per cent decline in revenue due to the COVID-19 pandemic, despite the [...]

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MGM Resorts

MGM Resorts sees revenue begin to recover in third quarter

New York-listed casino and sports betting operator MGM Resorts International has seen net revenue drop 66 per cent to $1.1bn during the third quarter of 2020 as a result of mandated restrictions relating to the pandemic.

Revenue improved compared to the second quarter’s 91 per cent decline, with revenue from Las [...]

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Nevada gambling revenue 22% lower in September

Nevada’s gambling market continued to decline in September as total gaming revenue fell by 22 per cent year-on-year to $821.1m.

Gaming revenue increased by 10.5 per cent compared to the previous month, with September’s total marking the state’s best monthly performance since casinos reopened in June after their mandated Covid-related closures.

Revenue [...]

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Churchill Downs

TwinSpires drives Churchill Downs revenue growth in third quarter

New York-listed racetrack and gaming operator Churchill Downs Inc. (CDI) has reported a 10 per cent increase in net revenue to $337.8m for the third quarter of 2020, buoyed by a record performance from its TwinSpires online betting brand.

The operator said that its results were materially impacted by the rescheduling [...]

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IAGR joins forces with International Gaming Standards Association

The International Association of Gaming Regulators (IAGR) and the International Gaming Standards Association (IGSA) have announced a collaboration to maximise opportunities for effective and efficient gaming regulations.

In a first for both organisations, the initiative will focus on two key priorities over the coming year; discussion and information exchange concerning known [...]

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Svenska Spel

Svenska Spel revenue begins to recover in third quarter

Swedish gaming operator Svenska Spel saw net gaming revenue fall by 8 per cent to SEK1.85bn in the third quarter of 2020, with results continuing to be impacted by the closure of its land-based casino business due to COVID-19.

Excluding casino operations, Q3 revenue would have risen by 5 per cent [...]

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UK’s BGC hits out at “unfair” closures under Tier 3 restrictions

The UK’s Betting and Gaming Council (BGC) has called on Business Secretary Alok Sharma to intervene over the Government’s decision to close betting shops and casinos under Tier 3 coronavirus restrictions.

Bookmakers and land-based casinos have been included in the list of businesses having to close in areas placed under Tier [...]

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