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Finance

Check the latest Finance news

04/14/20

Iowa sports betting revenue up 55% in March

Total revenues hit $1.2million mostly from online after casinos and sportsbooks were forced to close due to Coronavirus.

04/09/20

Lottery vendors in Costa Rica receive subsidy

1,600 vendors have received a $342,000 subsidy aimed at keeping the country’s lottery sector afloat during the Covid-19 pandemic.

04/07/20

New York sports betting revenue up for March

State enjoys positive revenues in March despite the impact of Covid-19.

04/06/20

GVC losing £50m a month

GVC sees net gaming revenues increase 1% for the first three months of the year but has been hit hard by the Coronavirus outbreak.

04/06/20

Virtual Grand National raises £2.6m for NHS

Betting companies in the UK will donate profits from the weekend’s Virtual Grand National to the National Health Service (NHS).

04/02/20

Coronavirus: Ireland Lottery to give unclaimed funds to relief efforts

€16million and will be given directly to the health sector, which is at risk of becoming overwhelmed as Covid-19 continues to spread.

03/31/20

Costa Rica approves lottery subsidy

Government steps in to assist lottery vendors amid the on-going Coronavirus crisis.

03/31/20

Calls for Polish Government to reduce gambling taxes

Bookmakers Companies Association has requested the government lower taxes fro, 12% to 10% from at least March to September.

03/30/20

National Lottery pledges £300m to fight Coronavirus

Lottery will distribute the cash to charities and local voluntary organisations.

03/30/20

Belgium National Lottery makes drastic changes as sales fall

Operator reacts to 30% drop in ticket sales due to Coronavirus by introducing new measures such as increasing prize claim periods.

03/25/20

Wynn executives forego salaries during crisis

Wynn’s board of directors announced they are foregoing their salaries in order to preserve the salaries of the workforce.

03/24/20

Gambling firm warns of profit hit from sports disruptions

Online gambling firm 888 Holdings said its profits would be severely impacted by Coronavirus crisis, as most of the sports events have been cancelled.

03/24/20

Loto-Québec turns to iGaming

Loto-Québec is focusing on iGaming offerings amid the coronavirus crisis that forces people to stay home.

03/23/20

Global gaming revenue to drop 11%

According to the European Gaming Commission, the forecast for gaming revenue is not good.

03/20/20

Coronavirus: FDJ expects to lose €120million

The French lottery and sports betting operator Francaise des Jeus expects to be hit hard by the Coronavirus crisis.

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Focus Gaming News is a media group that produces a daily online newspaper aimed at international gaming executives. This communication tool is visited by more than 140,000 monthly readers around the world and delivers up-to-date news from the gaming and iGaming businesses. Focus Gaming News also releases a daily newsletter and it is received by more than 35,000 subscribers. It features news on regulation, legislation, sports betting and online and land-based gaming, as well as reports on the latest products and trends, interviews with key specialists, and more. There are also Focus Latin America, Focus Brasil, Focus Asia Pacific, Focus Africa and Focus UAE – five daily releases focusing exclusively on these specific markets.