Have you had a good virus?
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 resilient to COVID collapse
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.
GBGC’s new Global Gambling Report 2020
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
Gamblers Anonymous was formed 56 years ago, and runs 200 meetings across the UK and takes no money from gambling companies.
GVC back in FTSE 100
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.
UK lottery duty offsets machine losses
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.