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Business
March 12, 2020
Newgioco Group Updated Investors Amid Covid-19 Spread In Italy
Newgioco Group issued an update for investors regarding the impact of the coronavirus outbreak on their operations, stressing on their fundamentals remaining strong, but warning that the overall negative effect due to the Italian lockdown remained unknown. Keep Investors Informed The sports betting and interactive gaming technology company, Newgioco Group, reported that they have already […]
Business
March 11, 2020
The US Casino Industry Is Bracing For COVID-19 Impact
The gambling industry is monitoring the global situation with the outbreak of coronavirus /Covid-19/, warning that 2020 outlook for the business is in the sphere of the unknown, while the U.S. Mecca in the casino industry, Las Vegas, is bracing for the impact from the virus. Fear Of The Unknown Anxiety prevails as everyone who […]
Business
March 10, 2020
Playtech’s Italy Retail Betting Business Temporarily Shut Down
Snaitech betting retail shops across Italy have been shut down, Playtech reported yesterday, as the global online gaming software supplier had to comply with the coronavirus spread mitigation measures, undertaken by the Italian government. The shops will remain closed until April 3. Italy Under Lockdown After Italian Prime Minister Giuseppe Conte essentially had placed the […]
Business
March 8, 2020
FOI: UK Gambling Commission Financial Sanctions Spending Evaluation
According to the results from a freedom of information request /FOI/ submitted to the UK Gambling Commission by the Gambling Business Group /GBG/, the strategic voice of the gaming industry, the commission has collected a total of £58.9 million in financial sanctions and voluntary settlements from June 2014 to December 2019. Industry Is Seeking Transparency […]
Business
March 7, 2020
Casino Money In Louisiana Find Alternative Ways To Fund State Political Campaigns
Last year, Caesars Entertainment finally managed to extend the lease for their Harrah’s property in Lousiana for another 30 years. New Orleans Has Only One Casino, Harrah’s HB544 passed through the Senate to give rights to Caesars to operate the only land-based casino in New Orleans, Harrah’s, until 2054, after Caesars agreed to give the […]
Business
March 4, 2020
IGT Announces Fourth Quarter & 2019 Full Financial Results
International Game Technology /IGT/ has announced its fourth quarter and 2019 financial results for the year ending December 31, with Q4 for the UK-based company showing 1% drop in consolidated revenue, to $1.25 billion, year-on-year, with full 2019 revenue of $4.79 billion showing the same 1% fall compared to the 2018 number. “We achieved the […]
Business
March 2, 2020
H2: Global Gambling Market Braces For Coronavirus Negative Impact
The global outbreak of the novel coronavirus /Covid-19/ is expected to bring the gambling revenue to 2018 levels in the optimistic, or worse, to 2017 levels in the pessimistic scenario, H2 Gambling Capital, the gambling industry data specialist company suggests. Global Decline Forecast A decline of up to 8% in gross global gambling revenue in […]
Business
March 1, 2020
Spain Regulator Reported 2019 Online Gambling Revenue Growth
Online gaming activities in Spain has grown in 2019, as the numbers released by the Dirección General del Ordenación del Juego /DGOJ/, the national gambling regulator, show gross gaming revenue /GGR/ of €748.5 million, up by 7.1% year-on-year. 2019 Growth Despite Q4 revenue in decline, growth across all but two verticals managed to push annual […]
Business
February 29, 2020
Caesars Breaking Ground Of Its First Non-Gaming Hotel Property
Caesars Entertainment, the casino-type resorts operator company, announced Thursday it is breaking ground on its first non-casino facility that will open doors in the fall of 2021 in Scottsdale, Arizona and will open an entirely new chapter for the company. Modern Concepts And Materials The first Caesars Entertainment resort that would not feature a casino, […]
Business
February 27, 2020
The Stars Group 2019 Financial Report Posted $2.53Bn Total Revenue
The Stars Group /TSG/ 2019 financial results report released today showed the company had a strong performance in two specific geographic markets, Australia and the UK. The Stars Group, the company that is currently merging with owner of FanDuel and Paddy Power Betfair, the US-based Flutter Entertainment, showed a 24.6% year-on-year increase in revenue and […]