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News | Press Releases
21st December
First Indian licensed poker sites to offer real-money gaming
14th December
Governor Christie insults voter decision to reject North Jersey casinos
14th December
Betfred completes £195m refinancing
13th December
Ladbrokes Coral shares fall as GVC acquisition talks fail
13th December
Japan casino bill clears upper house
7th December
MotoGP and Sportradar announce partnership
5th December
Formal opening for Lucky Dragon
5th December
Catena set to acquire Casinouk.com
30th November
Intralot completes 80% sale of Peru business to Nexus Gaming
30th November
Japan reopens debate to legalise casinos
30th November
Camelot National Lottery accounts hacked
28th November
The Philippines detains 1200 Chinese citizens accused of running illegal gambling operation
28th November
Stride Gaming announces audited full-year results
16th November
Power to ban FOBTs could be devolved by UK government
16th November
London Affiliate Conference 2017 floor space filled
16th November
NYX releases Q3 2016 report
15th November
Betsson planning to issue SEK bond for further acquisitions
14th November
William Hill boosts net revenue with online performance
9th November
North Jersey casino expansion proposal rejected by voters
9th November
IGT purchases assets from Leap Forward Gaming Inc
9th November
LeoVegas publishes Q3 results
8th November
Digitain partners with Tipp1 to launch new online sportsbook
8th November
Caesars Entertainment reports 3% increase in Q3 revenue
7th November
SBC Awards shortlists announced
7th November
SkyCity Entertainment Group appoints new CEO
3rd November
SIS welcomes theft conviction from FACT investigation
2nd November
Kambi reports strong growth in its Q3 report
1st November
Football Pools sale to Burlywood Capital cancelled by Sportech
1st November
Ladbrokes completes merger with Coral
1st November
Competition issues cause UK CMA to call for ‘Phase 2’ investigation of Novomatic Talarius buyout
1st November
Codeta partners with Authentic to offer live table games
31st October
Gambling Business Group urges empirical approach to Triennial gambling review
31st October
EveryMatrix confirms Nicolas Fleiderman as new chief commercial officer
26th October
UK CMA approves Ladbrokes-Coral merger
26th October
NYX Gaming Group expands into Italian retail market
26th October
Tabcorp shareholders voice disappointment on merger vote and executive pay
25th October
Interwetten looks for new markets after 2016 growth
25th October
Evolution Gaming Q3 Revenue rises 47%
24th October
William ‘BJ’ Fair appointed as new Penn National CFO
24th October
SIS and 49s sign multi-year deal for virtual racing games
24th October
BtoBet CEO to speak on eSports betting in South Africa at BiG Africa Summit
20th October
AlphaDraft no longer offering fantasy eSports as of 21 October
19th October
UK Gambling Commission implementing amendments for licence conditions
18th October
NetBet first UK licensed operator to accept Bitcoin
18th October
Texas Lottery Commission extends contract with IGT
18th October
BoyleSports ‘disappointed’ Ladbrokes and Coral shops sold to Betfred and Stan James
17th October
UK Sport Minister to set 10% bookmaker charge for UK Racing levy
17th October
Crown Resorts employees arrested in China
13th October
iSoftbet and Gamingtec in strategic partnership
13th October
Sky Bingo launches new “One to Go Moment” ad campaign



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IN-DEPTH 22 May 2020
The silver lining

The gambling industry has taken a beating from COVID-19.

In March, Macau’s Government halved its expectations for the jurisdiction’s gross gaming revenue to MOP130bn (US$16.3bn), while the European Gaming and Betting Association reported an estimated 11% drop in global gaming revenue as a direct result of the outbreak – which actually seems slightly optimistic.

As stock prices fall and with no real idea of when the situation will improve, these are uncertain and worrying months for the industry. But, at times like this, it’s beneficial to live by the words of the great Eric Idle: “Always look on the bright side of life.”

So what positives can the industry salvage from the remnants of this coronavirus-shaped crater?

Mobile/online migration

One solace a lot of operators can take from the closure of land based betting shops and casinos is the inevitable migration of players to online.

Speaking with Gambling Insider shortly after the Italian lockdown was first enacted, Newgioco CEO Michele Ciavarella outlined the migration to online as a positive for the gaming company’s operations in Italy, and this was a sentiment mirrored across the gambling world as the coronavirus trading updates rolled in.

888 Holdings reported that, while delays to the sporting calendar had caused damage to its sports betting vertical, a rise in casino and poker activity had allowed the operator to trade above expectations. As a result, up to March 18, the operator’s daily revenue was up 18% year-on-year.

In fact, while the pandemic caused stock prices to tumble across the globe, at press time, online gaming companies have begun to see significant share price growth as 888Holdings has seen a 62% rise, while NetEnt has seen stock rise 42% and Playtech 28% - perhaps representing a shift of investor interest towards online gaming businesses.

If operators are able to capitalise on a growth in online activity, then it won’t only see them through the tough months ahead, but could also prove to be vital in acquiring permanent online customers. This will be particularly significant in those markets traditionally reluctant to make the shift to online, such as Italy.

Growth in esports

In an aim to combat fan disappointment after the indefinite postponement of the Australian Grand Prix, Lando Norris, a young Formula 1 driver for Mclaren, took to Twitch to stream his own online version of the race with the help of a number of ex-racers, professional athletes and celebrities. The race was a major hit with Twitch users, accumulating more than 70,000 viewers - smashing the previous record held by F1 esports.

As more races are cancelled and virtual races organised for the rest of the season, it seems this situation could provide a glimpse into the future. Esports is already experiencing a growth in viewership as homebound sports fans look towards the online world for entertainment. As the situation continues, could we see mass numbers of football fans turn to FIFA competitions for their weekend entertainment; or basketball fans tuning in to Counter Strike for a daily dose of competition?

Speaking with Gambling Insider in March, Quentin Martin, CEO of esports betting site Luckbox, explained that esports is “more resilient because matches can be played online, without players needing to be in the same place.” As a result, he said there had been a 54% increase in new player registration figures since the English Premier League was postponed.

While undoubtedly the COVID-19 postponements have caused much heartache to operators hoping for a profitable sport-laden summer, the increased interest in esports provides an opportunity for operators to build on what is fast becoming the future of betting.

This too shall pass

There is hope for the future of gaming.

While the COVID-19 situation in Europe seems to be worsening by the day; the gradual recovery of Wuhan indicates that it does have a time limit. Over months the situation will undoubtedly improve. Betting shops will once again open their doors; our screens will be graced with more sport than we know what to do with; and bettors will return to their favourite bookies with a new vivacity fostered in these solitary months.

The future is bright.

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