Latest News
GVC’s UK Retail Net Gaming Revenue Decreases in Q2 2019

GVC’s UK retail net gaming revenues have dropped 19% in Q2 2019. This was driven by a 39% plunge in UK like-for-like machine sales following the Government’s move to slash the maximum stake on fixed-odds betting terminals (FOBTs) to £2 in April.
“The transition to a post-£2 stakes-cut environment in UK retail is progressing very well and we believe the Ladbrokes Coral estate is best placed to take market share,” Chief executive Kenneth Alexander said.
Bookmakers have been hammered by the FOBT crackdown, which has been compounded by challenging high street conditions. William Hill announced earlier this month that it was closing around 700 betting shops across the UK, putting 4500 jobs at risk. GVC has previously said up to 1000 of its bookies are at risk of closure due to the stake cut.
GVC confirmed the boost from online gambling with website net gaming revenues up 16% in Q2 and 17% over the first half despite a strong performance a year earlier from the football world cup.
-
Asia3 days ago
PAGCOR CHAIRMAN, ENTIRE BOARD TENDER COURTESY RESIGNATION
-
Asia6 days ago
12BET Brings the Aviator Craze to Players with Spribe’s Trending Games
-
Asia6 days ago
PAGCOR CHIEF VOWS CONTINUED SUPPORT FOR MILITARY INFRA PROJECTS
-
Compliance Updates6 days ago
Dutch Gaming Authority Intensifies Supervision of Advertising Rules for Sports Sponsorship
-
Compliance Updates6 days ago
Fennica Gaming Secures B2B License in Greece
-
Asia5 days ago
Amusnet Reinforces Strategic Presence in Asia at SiGMA Asia 2025
-
Gambling in the USA5 days ago
Gaming Americas Weekly Roundup – May 19-25
-
Africa4 days ago
SOFTSWISS Steps Onto The South African Tech Stage