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Financial News

27th March
National Lottery to donate £300m in coronavirus support
The National Lottery will donate £300m ($371.8m) towards the protection of vulnerable people amid the COVID-19 pandemic. The funds will be distributed...
25th March
Catena Media focuses on casino to balance sports revenue shortfall
Catena Media has provided a trading update outlining several measures it says “have been taken to mitigate any financial or operation...
25th March
Online gaming share prices rise as much as 62% in last week
As stock market prices tumble across the globe, online gaming companies have seen significant share price growth across the last week. Though...
23rd March
EGBA reports 11% fall in predicted 2020 global gaming revenue
The European Gaming and Betting Association (EGBA) has reported that H2 Gambling Capital has adjusted its forecasted global gambling revenue for...
20th March
Why has the UK gambling industry been excluded from business rate relief?
On 17 March, the Chancellor of the Exchequer in the UK ensured the House of Commons the Government would "do whatever...
19th March
Sportech CFO Q & A: We want to show investors we can improve operating cash flow
Following the release of Sportech’s financial results for 2019, but also its coronavirus-related market update, Gambling Insider caught...
19th March
Sportech returns to marginal revenue growth for 2019
Sportech increased revenue by 2% year-on-year to £64.8m ($74.8m) for 2019. However, the marginal annual growth was accompanied by a 5% reduction in...
18th March
Kindred blames “unnecessary ambiguity” for SEK 100m fine
Kindred Group has received a Swedish Gambling Authority (SGA) fine of SEK 100m ($10m) for offering incentives in a way that...
16th March
Coronavirus: Flutter Entertainment estimates £90-110m EBITDA reduction
Flutter Entertainment has provided a market update in light of recent developments to do with the spread of coronavirus. Referencing mass cancellations...
13th March
Betsson AB CEO: US and European gaming markets have different investor compositions
Following the publication of DraftKings’ nine-month results up to September 2019, CEO Jason Robins said investors in the US are not...
12th March
Veikkaus revenue falls 4% as GGR lost to foreign operators
Full-year 2019 gross gaming revenue (GGR) for Finnish monopoly operator Veikkaus was €1.69bn ($1.87bn), down 4% year-on-year, while profit was €1bn,...
11th March
Inspired Entertainment praises virtuals strength as Q4 revenue up 116%
Inspired Entertainment Q4 revenue was $66.4m for 2019, a rise of 116% year-on-year. Adjusted EBITDA for the period was $17.7m, up 69%,...
10th March
Betfred owner invests in “massively undervalued” William Hill
Betfred owner, Done Brothers (Cash Betting) Ltd, has purchased a 3% stake in rival operator William Hill. William Hill's latest market update...
9th March
Bet-at-home predicts 2020 revenue decline as FY 2019 revenue flat
Bet-at-home gross betting and gaming revenue was €143.3m ($163.9m) for the full-year 2019, almost exactly the same as the prior year’s...
5th March
Swedish-licensed operators see 2019 turnover of SEK 24.8bn
The Swedish Gambling Authority (SGA) has reported that gaming companies with a Swedish license generated turnover of SEK 24.8bn ($2.62bn) for...
5th March
AGS Q4 2019 revenue grows 8%
AGS saw revenue of $77.8m for Q4 2019, a rise of 8% year-on-year. Fourth quarter recurring revenue was $51.6m, up 5% from...
5th March
GVC reports 2019 revenue growth to £3.66bn; but posts £140.7m loss
GVC Holdings has reported a 2% year-on-year rise in 2019 proforma group net gaming revenue, to £3.66bn ($4.73bn). This figure was up...
4th March
Playtech seals multi-year extension to Betfred deal
Playtech has signed a four-year extension to its partnership with operator Betfred. Through the newly extended agreement, Playtech will provide Betfred with...
4th March
IGT sees growth in product sales as FY 2019 revenue stable
IGT revenue was $4.79bn for the full year 2019, a decrease of 1% year-on-year. Operating income was $637m, down 2%, while adjusted...
27th February
Mr Green fined £3m by the Gambling Commission
Mr Green, owned by William Hill, has been ordered to pay £3m ($3.8m) to the National Strategy to Reduce...
27th February
Galaxy Entertainment reports falls in full-year revenue and EBITDA
Galaxy Entertainment Group has reported a 6% year-on-year net revenue fall for 2019, to HK$51.9bn (US$6.66bn). Full-year adjusted EBITDA also fell 2%...
26th February
William Hill CEO exclusive: 50-50 split between UK and international revenue "not unreasonable" long term
Following William Hill's FY 2019 trading update, where it reported a 2% year-on-year fall in group revenue to £1.58bn...
26th February
Worldpay exec: Regulation making product enhancement harder for operators
Balancing compliance with regulation and using new technology to develop their products is a challenge facing operators, according to a Worldpay...
26th February
UK performance sees William Hill 2019 revenue fall 2%, despite international growth
William Hill has reported a 2% year-on-year fall in full-year net revenue for 2019, to £1.58bn ($2.05bn). Despite the drop, the operator...
20th February
Global Gaming looks towards “brighter future” as FY revenue falls 55%
Global Gaming revenue was SEK 412.1m ($42m) for the full year 2019, a decrease of 55% year-on-year. Operating loss was SEK 118.7m,...
20th February
MuchBetter Co-Founder: Technology and innovation key in the payments sector
Payment solutions should focus on benefiting the operators they work with rather than just making money, according to the Co-Founder of...
19th February
Better Collective revenue rises 67% for 2019
Better Collective’s revenue grew by 67% to €67.4m ($72.8m) for 2019. Organic revenue growth was 26%, while EBITA...
19th February
Scientific Games full-year revenue rises 1% after Q4 drop
Scientific Games has reported a 1% year-on-year rise in revenue, after suffering a fall for Q4. Revenue for the 12 months through...
19th February
Crown Resorts sees revenue fall 5% for H1 of financial year
Crown Resorts revenue was AU$1.46bn (US$977.8m) for the six months ending 31 December 2019, down 5% year-on-year. The operator saw profit of...
18th February
Catena Media projected to report revenue dip for Q4
Catena Media’s total operating revenue for Q4 2019 is set to fall 1% year-on-year to €26.6m ($28.7m), projections for the company...
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