The Nordic European nation of Denmark saw a precipitous fall in its legal gambling market in the second quarter of 2020. These huge losses during the COVID-19 pandemic were not offset by the smaller 2% growth in the online casino sector. In some regional markets, such as New Jersey and Australia, online growth was enough …

New Jersey’s legal gambling market is on the rise once more after several months of shutdown due to the COVID-19 pandemic. With Borgata Casino, Hotel & Spas becoming the last of Atlantic City’s big guns to finally reopen last month, casinos in the city made just shy of $150 million in July. That sounds OK, …

This week, leading Evolution Gaming shareholder and multi-billionaire investor Richard Livingstone put about a quarter of his 16% stake in the company up for sale. The 8.5 million shares are valued at around $658 million. Evolution, the world’s foremost live casino developer, has seen its share price rocket since the start of the COVID-19 pandemic. …

This week has not been a good one for the UK gambling industry, with two new critical reports and a Parliamentary letter hitting media front pages. The first report came from the Gordon Moody Association. The GMA is one of the oldest problem gambling charities in the country. Its latest press release revealed that it …

This week, noted financial heavyweight and credit rating agency Moody’s analyzed and confirmed UK bookmaker William Hill as “ba3”—a classification that suggests lending to the company may involve “substantial credit risk.” While far from bottom-of-the-list, C-class investments, this is not a great look for the betting giant. William Hill’s credit rating was initially downgraded by …

German online payment provider Wirecard declared bankruptcy last week after a series of Financial Times investigations found that the company had massively overstated its income streams over a period of several years. Wirecard has been a popular payment solutions provider for many online gambling companies, both on and off the books. Shares were trading at …

The results are in from the United Kingdom Gambling Commission’s bi-yearly survey of its native market, this time from October 2018 to September 2019. There’s not much good news for land-based properties—but online casinos showed strong growth. Of course, all these figures will be out of date now as the international markets are dealing with …

The global markets may look doom and gloom for many at the moment as the world battles with the ongoing COVID-19 coronavirus pandemic that has sadly now infected over 5 million and killed 300,000 across the globe. However, in every crisis, there is an opportunity—and many gambling firms are rising to the occasion. The latest …

Scheduled for many months now, the estimated £12 billion ($14.4 billion) merger between the Canadian-based Stars Group and Europe’s Flutter Entertainment went ahead on Tuesday the 5th of May. The two companies will now operate under the name FLTR. Flutter Entertainment, not long ago known as Paddy Power Betfair, owns Betfair, Paddy Power, Adjarabet, and …

As the COVID-19 pandemic continues to spread through the world’s population, with a confirmed million people now infected with the pneumonia-causing respiratory disease, casino operators and workers are feeling the effects just as much as anyone else in the economy. This week, Caesar’s became the latest large operator to announce huge furloughs of its staff, …