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Industry News and Headlines
Industry
November 29, 2020
Camelot Shows Resilience Amid Covid-19 Crisis
Camelot UK Lotteries, the licensed operator of The National Lottery, recovered its ticket sales for the first six months of the 2020/21 financial year ended on 26 September 2020 following the slump at the beginning of the global health crisis. Camelot reported £3.89 billion in sales, which represents only a 1.7% decrease compared to the […]
Industry
November 29, 2020
Playtech Boosts Compliance with TruNarrative’s Affordability Tool
Playtech continues to step up its efforts in establishing a safer and more consumer-friendly iGaming and betting experience by integrating TruNarrative’s Affordability UK into its proprietor Information Management Solution (IMS) platform. Affordability UK is a powerful solution that reads into customer habits and tracks aberrations in gambling behavior. More specifically, the platform runs an analysis […]
Industry
November 29, 2020
Soft2Bet Launches Zombie-Themed Casombie Website
In an apocalyptic twist of iGaming innovation, Soft2Bet has launched its proprietor zombie end-of-days casino with Casombie featuring a unique undead theme. Soft2Bet Unleashes a Zombie Apocalypse on iGaming Gaming tech company and provider of sportsbook solutions Soft2Bet has revealed a new casino brand dedicated to zombies. In Casombie, players will get to experience a […]
Industry
November 29, 2020
Kindred Group Slams Sweden’s Plan to Extend Casino Restrictions Until June
Kindred Group criticized the Swedish government’s plan to extend online gambling restrictions until June 2021, arguing that they do not protect players and only benefit offshore sites. Problem gambling rates remained somewhat unchained over the past months. Extending Restrictions Goes Against the Gambling Act Unibet operator Kindred Group slammed the Swedish government‘s proposal to extend […]
Industry
November 28, 2020
FSB Appoints Bob Akeret as VP of Operations North America
Sports betting and gaming technology supplier FSB announced a new addition to its team, Bob Akeret. The US retail and online gambling veteran will serve as Vice President of Operations for North America as the company is preparing to enter the booming market. Bespoke Products and Services Bob Akeret will be based in New Jersey […]
Industry
November 28, 2020
Genting Malaysia Announces MYR726.3 Million Net Loss in Q32020 Due to Covid-19
The Group’s operating performance in 3Q20 was on the path of recovery due to the resume of activity, but the operator still felt the impact of the complete shutdown in March and the ongoing strict measures to limit the spread of the virus. Total Revenue in 3Q2020 Halved In 3Q2020, Genting Malaysia Berhad managed to […]
Industry
November 27, 2020
Lotto-Quebec Refutes Claims Casinos Facilitate Money Laundering
Allegations that casinos in the Canadian province of Quebec are facilitating money laundering for organized crime were rebuffed by the provincial gambling regulator Lotto-Quebec. A series of reports issued by Le Journal de Montreal claimed that Casino de Montreal is welcoming individuals linked to organized crime, citing Stefano Sollecito, an alleged mafia boss who gambled […]
Industry
November 27, 2020
Rush Street Interactive Revenue Surges by 370% in Q3
One of the fastest-growing online casino and sports betting gaming companies in the United States reported an incredible rise in profit in July-September 2020 and increased its outlook for the financial year ending in December 2020 by 20%. Revenue, Ebitda, and Real Money Users on the Rise Chicago-based Rush Street Interactive, experienced in developing, supplying, […]
Industry
November 27, 2020
Cirsa Reports Losses Due to Covid-19 Impact
Despite the unprecedented situation and multiple operating restrictions, Cirsa has proven the stability of its business model and has taken immediate steps to adapt its activity to the new environment. Despite the loss in revenue in 3Q2020, the company has started to recover rapidly and has even achieved pre-Covid results in some areas. Net Operating […]
Industry
November 27, 2020
Nevada’s October Gaming Down 19.5% YOY, Betting Soars
Nevada’s gaming revenue was still down 19.5% year-over-year in October, but it posted better results than September 2020. Meanwhile, sports betting handle has been beating all expectations. Nevada Posts Decline in Gaming, Improves MOM The State of Nevada has posted a moribund October with gaming revenues shrinking down by 19.5% year-over-year, but the Silver State […]