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 […]
Business
February 27, 2020
William Hill Sets Out Plans For Future Growth And Expansion
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 […]
Business
February 26, 2020
William Hill Retail Division Performance Impacts 2019 Results
William Hill reported today its 2019 fiscal year financial results, with net revenues down 2% year-on-year to £1.6 billion and underlying operating profits on the red 37% to £147 million, mainly due to rising operating costs stemming from increased investment. Retail Stake Limit Hit William Hill was most affected by the implementation of the £2 […]
Business
February 26, 2020
Caesars Entertainment Posted $1.2B Net Loss In Fiscal 2019 Year
Caesars Entertainment Corporation reported today results from the fourth quarter of 2019, as well as results for the full fiscal 2019 year ending June 30, and despite an increase in net revenues, the net result of $1.2 billion loss marks a significant drop in profitability for the largest casino operator in Nevada. Q4 Up But […]
Business
February 25, 2020
William Hill Secures Tribal Gambling Market Access In Michigan
William Hill becomes the next sports betting operator to ensure entry into the forthcoming Michigan market by signing a long-term agreement with the Grand Traverse Band of Ottawa and Chippewa Indians /GTB/. Legislation Only two months have passed since in December 2019 State Governor Gretchen Whitmer approved HB 4311, creating the Lawful Internet Gaming Act […]
Business
February 25, 2020
NAB Gambling Block Feature Extended to Android Mobile App
In March 2019, the National Australia Bank (NAB), one of the country’s Big Four incumbent banking institutions, announced the roll-out of a special feature that gave its iOS customers the ability to block gambling transactions. These included sports betting, casino games, online betting, and even lottery tickets. Now, this feature has also been rolled out […]
Business
February 22, 2020
Barstool Sports Sells 36% Stake to Penn National for $163m
After four years of rapid expansion and an estimated monthly traffic of 10 million visitors, Barstool Sports turned the next chapter of its development story by signing a $163 million deal with Penn National Gaming. Barstool Sports Seals $163m Deal with Penn National Casino operator Penn National Gaming (PNG) has acquired a 36% stake in […]