Betting

Casino revenue also fell by 10%, while sportsbook revenue dropped by 9%. The operator’s full-year revenue for 2019 was SEK 5.16bn, down 5% from 2018, while operating income was SEK 865m, a decrease of 38%. Net income fell 27% at SEK 787.1m, and operating cash flow amounted to SEK 1.15bn, a drop of 10%. Betsson […]

Garzón is a member of the Unidas Podemos political party which formed a coalition government with the Socialist Party in January. In its election campaign, the party vowed to protect youth and addicts from the dangers of gambling. Under the proposed laws, TV gambling advertising will be reduced by as much as 80% and gambling

The sportsbook, operated by Rush Street Gaming, will be open for business at Rivers Casino, Del Plainis, with an opening ceremony taking place at 10am. Rivers, co-owned by Rush Street Interactive, was one of the first casinos approved to launch sports betting in the state last month by the Illinois Gaming Board, with BetRivers the

Referencing mass cancellations on the sporting calendar, the operator has projected a significant reduction in group EBITDA for the financial year. According to Flutter, 2019 saw the company generate approximately 78% of revenue through sports betting. To assist with the “quantification of the impact on the group” in 2020, the firm has estimated a reduction

In theory, online casino should thrive, while online poker could receive an unexpected boost. Anything mobile should see tremendous growth and virtual sports may benefit from the current situation, too. But there exists an already-booming vertical which stands to gain even further from bettors being confined to their own homes: esports wagering. As Quentin Martin,

What’s the current breakdown of Sportech’s revenue, geographically and by sector? The breakdown from an industry perspective is about half our revenue comes from what we call our racing and digital business; that is about £36m ($42.2m) last year – through the provision of tote services and digital betting services, as well as our Bump

In light of the COVID-19 outbreak, the Chancellor of the Exchequer pledged the relief to all companies within the “retail, hospitality or leisure sector.” However, this excluded casinos, bingo halls and betting shops, which were classified as ‘financial services.’ In response, the BGC wrote an open letter to the Chancellor, with many stakeholders in the

Estimates of bets put on these specific games, sometimes referred to as ‘ghost games’, go upward of £100,000 ($124,000) and it’s reported bookmakers more than likely paid out winning bets to match-fixers before the fraud was realised. Four lower league Ukrainian clubs, including Berdyansk, used a Facebook platform to promote a friendly tournament called the

After the Gambling Commission put an end to credit card usage for betting purposes earlier this year, Donoughue believes affordability will be the next focus for increased regulation. He says: “We’ll have affordability; that will be the killer. I think we’ll have increased regulation and basically I think we will end up with a limit

In his conference entitled ‘Is marketing a poker game?,’ Lewis argued marketing should be contemplated in a similar way to a player’s strategy while playing the famous card game. Lewis said: “When we play games like poker we tend to be analytical, tend to think fast, act fast and be technical. “If we apply this