You could say that the e-gaming business has had quite a good virus. For want of a better expression. 888 Holding plc published a trading update that showed an average daily increase in revenue of 34%. 888 is predominantly a casino and slots gambling website but 16% of its revenue comes from sports betting. With sports being cancelled across most of western Europe the results are even better than the headline figures imply.
Lotteries have proved to be resilient to the global pandemic lockdown, faring better than their gambling competitors in the difficult operating conditions of 2020. Research by GBGC for the 15th edition of the Global Gambling Report has shown that global lottery revenues will contract less than casinos or betting.
The latest edition of GBGC’s Global Gambling Report is available to purchase now. This year is the report’s 15th edition and, as gambling venues re-open in the wake of the COVID-19 pandemic, it is an essential source for operators and suppliers to keep informed of developments in jurisdictions around the world.
Gamblers Anonymous was formed 56 years ago, and runs 200 meetings across the UK and takes no money from gambling companies.
GVC Holdings, the owner of such brands as Ladbrokes, Bwin, Coral and Partypoker, will be back in the FTSE 100 index of leading UK companies from 18 June 2020.
A record contribution in lottery duty in 2019 helped to offset declines in Machines Games Duty and push total UK gambling duty past GB£ 3 billion.
Gambling duty paid by UK operators surpassed GB£ 3 billion in 2019, a new record amount for the sector. The enforced shutdown of retail gambling in 2020 because of the COVID-19 pandemic mean that it could mark a peak for the near future.
The UK’s bookmakers have been successful in their case against HMRC over the VAT treatment of FOBTs, as first reported by GBGC last month. Now HMRC has decided not to appeal, the listed firms are revealing their estimated winnings.
The Colorado Belle Casino and Resort, Nevada, is closing indefinitely, with the loss of 400 workers. The Colorado Belle has been closed since mid-March, in line with Nevada’s efforts to tackle COVID-19.
Casino operator Silver Heritage Group has entered voluntary administration, with the impact of the pandemic proving the final straw for the company.