Latest Business News and Headlines in (2020)

The Latest in Business

Flutter Entertainment released an update today regarding the impact on their operations with regards to the mass cancellations of sports events around the world, in a coordinated effort to halt the spread of the novel coronavirus /Covid-19/. Sports Betting Revenue Vital The owner of Paddy Power Betfair exchange and FanDuel sports book provider revealed that […]

Flutter Updates Investors Regarding Covid-19 Financial Impact

By Mike Johnson

Business

Kambi Temporarily Suspends Operations For National Lottery AD

March 14, 2020

Kambi released an update Thursday that its contract with National Lottery AD from Bulgaria had been placed under temporary suspension, halting its sports book operations for the 7777 betting brand with immediate effect. Kambi Group issued a formal notice to National Lottery AD, informing them the restrictions for placing bets through the 7777.bg sports betting […]

Kambi Temporarily Suspends Operations For National Lottery AD

By Julie Moraine

Business

Newgioco Group Updated Investors Amid Covid-19 Spread In Italy

March 12, 2020

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 […]

Newgioco Group Updated Investors Amid Covid-19 Spread In Italy

By Simon Deloit

Business

FOI: UK Gambling Commission Financial Sanctions Spending Evaluation

March 8, 2020

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 […]

FOI: UK Gambling Commission Financial Sanctions Spending Evaluation

By Julie Moraine

Business

IGT Announces Fourth Quarter & 2019 Full Financial Results

March 4, 2020

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 […]

IGT Announces Fourth Quarter & 2019 Full Financial Results

By Simon Deloit

Business

H2: Global Gambling Market Braces For Coronavirus Negative Impact

March 2, 2020

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 […]

H2: Global Gambling Market Braces For Coronavirus Negative Impact

By Mike Johnson

Business

Spain Regulator Reported 2019 Online Gambling Revenue Growth

March 1, 2020

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 […]

Spain Regulator Reported 2019 Online Gambling Revenue Growth

By Simon Deloit

Business

Caesars Breaking Ground Of Its First Non-Gaming Hotel Property

February 29, 2020

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, […]

Caesars Breaking Ground Of Its First Non-Gaming Hotel Property

By Simon Deloit

Business

The Stars Group 2019 Financial Report Posted $2.53Bn Total Revenue

February 27, 2020

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 […]

The Stars Group 2019 Financial Report Posted $2.53Bn Total Revenue

By Mike Johnson

Business

William Hill Sets Out Plans For Future Growth And Expansion

February 27, 2020

William Hill outlined its plans for further development by focusing on growing revenue through improving its operational efficiency and utilizing economies of scale, supported by a highly competitive customer service complemented by the introduction of an agile team. Technology Innovation After revealing its 2019 financial results yesterday, William Hill explained its strategy built around continuous […]

William Hill Sets Out Plans For Future Growth And Expansion

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Flutter Updates Investors Regarding Covid-19 Financial Impact

Kambi Temporarily Suspends Operations For National Lottery AD

Newgioco Group Updated Investors Amid Covid-19 Spread In Italy

FOI: UK Gambling Commission Financial Sanctions Spending Evaluation

IGT Announces Fourth Quarter & 2019 Full Financial Results

H2: Global Gambling Market Braces For Coronavirus Negative Impact

Spain Regulator Reported 2019 Online Gambling Revenue Growth

Caesars Breaking Ground Of Its First Non-Gaming Hotel Property

The Stars Group 2019 Financial Report Posted $2.53Bn Total Revenue

William Hill Sets Out Plans For Future Growth And Expansion