Posts From: May 2020

Casino industry expresses concern during constructive meeting with minister

Holland Casino and VAN Kans games conducted a good and constructive consultation with Minister Dekker and the NCTV. They discussed the sector’s objections to the timetable proposed by the cabinet...

Business News
Tabcorp investors hit by dividend drought

Tabcorp will not pay a full-year dividend to shareholders amid the uncertainty of the COVID-19 pandemic. The group informed the share market on Tuesday and said it had arranged more...

Business News
OneComply releases compliance and licensing solution with support from GameCo

Vancouver-based OneComply have entered into a service agreement that will see the launch of  OneComply, a web-based compliance, and licensing solution. Arguably one of the United States’ most strictly regulated industries, the gambling industry is...

Business News
New data shows no uplift in complaints about illegal gambling during Covid-19

New data released today shows that there has been no increase in the number of complaints about illegal gambling websites during Britain’s Covid-19 lockdown.  The data shows that since 23...

Business News
IGT reports first quarter loss amid pandemic

International Game Technology announced the company is withdrawing its previous 2020 outlook due to COVID-19 uncertainty. At March 31, 2020, liquidity totalled $2.2 billion, comprised of $1.5 billion in unrestricted...

Business News
Denise Coates moves up the Sunday Times Rich List

Bet365 chief Denise Coates now earns a whopping pay packet which sees her earn more than the bosses of Tesco and Apple. Ms Coates studied econometrics at the University of...

Business News
GVC completes Ladbrokes Coral migration

GVC has successfully completed the migration of Ladbrokes on to the Group’s market-leading proprietary technology platform. Having acquired Ladbrokes Coral in 2018, this milestone now completes the migration of all...

Business News
Nigerian sports betting operators assured of FG support

Against the backdrop of the challenges posed by the COVID-19 pandemic, the National Lottery Regulatory Commission, NLRC has said the Federal Government would do all it takes to ensure the...

Business News
Australia to block more illegal offshore gambling websites

The Australian Communications and Media Authority (ACMA)  is set to request Australian internet service providers (ISPs) to block more illegal offshore gambling websites. The ACMA has received over 30 complaints...

Business News
DraftKings revenue grows 30% despite COVID-19

DraftKings reported a 30% upswing in first-quarter revenue from its core sports betting operations as wider legalization offset the impact of COVID-19. Revenue hit $88.5 million as net losses widened to $68.7 million...

Business News