China lottery sales offer hope for recovery. The monthly sales figures from China’s state lotteries offer hope for other jurisdictions when gambling sectors are able to recommence.
The internet gaming sector will buck the trend of revenue declines in 2020, according to the new edition of GBGC’s Interactive Gambling Report.
Asia will bear the brunt of the global gambling revenue lost by the COVID-19 pandemic, according to new research by Global Betting and Gaming Consultants for the latest edition of its Global Gambling Report.
The global gambling sector faces losing a decade’s worth of revenue growth because of the COVID-19 pandemic, according to research for GBGC’s 15th edition of its Global Gambling Report (June 2020).
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.