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GVC Holdings Updates on Covid-19 Impact

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GVC Holdings has provided an update on the impact of Covid-19 and the cancellation of sporting events.

On March 5, the Group updated the current trading for the period of January 1 to February 23 stating “Trading in the year to date was strong with Group NGR +5% cc and Online NGR +16% cc, both of which have benefitted from strong sports margins in the first two months.”

The company has enacted contingency plans to minimise disruption to the business amid the coronavirus outbreak.

The spread of the virus impacted several live sporting events. In FY 2019, approximately 45% of the Group NGR was generated from sporting events, with 43% of our online NGR generated from sports.

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It is clear that the significant reduction in sporting events will have a material impact on EBITDA in the current financial year. So, to quantify an approximate impact on earnings, the company modelled a scenario based on some assumptions.

In the case of football, the assumption is that the Euros will be postponed until 2021 and all other football will be cancelled until July 2020. In Horse Racing, the assumption is that the major events such as Aintree and Royal Ascot will be cancelled and all other horse racing continues behind closed doors. In the case of retail, the assumption is that the retail estate in the UK will remain open for business and the stores in Italy and Belgium remain closed for three months.

These assumptions would mean that there will be substantially fewer sporting events through to August 2020 and that EBITDA for the financial year ending 31 December 2020 will be reduced by approximately £130m–£150m. If shops in the UK are closed, the company anticipates an incremental reduction in EBITDA by approximately £45m–£50m per month, which includes employment costs of approximately £20m per month.

“While we do not underestimate the challenge presented by Covid-19, GVC is in a robust position to manage the impact on our operations. We are a diverse global business, with an experienced and expert management team, which operates across multiple products and markets. Our priority is to protect our employees while maintaining our offer to our customers at this difficult time,” Kenneth Alexander, CEO of GVC, said.

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Gambling in the USA

Gaming Americas Weekly Roundup – July 14-20

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Welcome to our weekly roundup of American gambling news again! Here, we are going through the weekly highlights of the American gambling industry which include the latest news and new partnerships. Read on and get updated.

Latest News

Caesars Entertainment announced a major upgrade to its mobile sports betting platform with the launch of a universal digital wallet on the Caesars Sportsbook app in Nevada. This enhancement streamlines the wagering experience for sports bettors who visit Nevada, enabling them to manage funds and Caesars Rewards credits in one place, with seamless access across 19 jurisdictions where Caesars Sportsbook offers mobile sports wagering. With this update, users in Nevada can experience added convenience, with all funds and rewards immediately visible and available after logging in. Caesars plans to add universal wallet functionality to more North American jurisdictions where it offers mobile sports wagering in the future.

Comanche Nation Entertainment is set to expand both Comanche Red River Hotel Casino and Comanche Nation Casino, setting the stage for a multi-phase expansion that will strengthen its entertainment offerings, boost economic opportunity and extend its reach across Southwest Oklahoma. The new expansion will allow for long-term growth of both properties. Construction will begin first at Comanche Red River with a new event centre that expands the gaming floor, adds non-gaming amenities and creates new space to host concerts, conferences and community events.

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Partnerships

Quick Custom Intelligence and Black Bear and Fond Du Luth Casinos announced their strategic partnership that is set to transform the gaming and hospitality landscape in the Minnesota market. This dynamic collaboration represents an exciting fusion of advanced technology and exceptional guest experiences, with Black Bear and Fond Du Luth Casinos leading the charge. By leveraging QCI’s cutting-edge data analytics platform, the partnership aims to redefine how casinos operate, providing unparalleled insights into player behaviour, enhancing operational efficiency and delivering personalised guest experiences like never before. This move positions Black Bear and Fond Du Luth Casinos at the forefront of innovation, setting a new standard in how technology can drive the future of gaming and hospitality.

BetMGM announced a multiyear partnership with baseball legend Derek Jeter. As BetMGM’s brand ambassador, Jeter will appear in national marketing campaigns. BetMGM Casino also plans to launch an exclusive Jeter-themed slot game. Currently, there are no other online casino games featuring a current or former professional baseball player. The Hall of Fame shortstop joins BetMGM’s prestigious roster of sports legends, which includes Barry Sanders, Tim Howard and Wayne Gretzky, among others. Jeter will be featured prominently across advertising campaigns and digital platforms, make appearances at exclusive VIP events and play a key role in promoting BetMGM’s responsible gambling initiatives in both the US and Canada.

Red Earth Casino has chosen QCI’s Chatalytics platform to revolutionise its casino operations and elevate guest engagement. This AI-powered suite—which includes Slot Copilot, Player Copilot, the Dashboard and the Robot Button—leverages OpenAI technology to deliver real-time intelligence and streamline decision-making across the gaming floor. Built to enhance both slot performance and player service, QCI Chatalytics offers a powerful blend of automation and data analytics. Slot Copilot enables real-time slot machine monitoring, predictive performance analytics and intelligent task assignment. Player Copilot uses behavioural insights to support personalised guest engagement strategies and optimise rewards.

The post Gaming Americas Weekly Roundup – July 14-20 appeared first on European Gaming Industry News.

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Industry News

CT Interactive Launches Diamond Tree Jackpot

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Diamond Tree Jackpot is the latest progressive jackpot released by CT Interactive. It is a multigame jackpot concept that supports multiple currencies. With its three levels, the new progressive jackpot is designed to deliver an immersive and rewarding gaming experience. The new functionality enables the potential activation of multiple progressive payouts, making it appealing to a wide variety of players and encouraging extended gameplay.

The new jackpot system features 10 hit titles from CT Interactive’s portfolio that continue to captivate players: 20 Mega Slot, 20 Star Party, 40 Mega Slot, 40 Treasures, Chilli Fruits, Lord of Luck, Lucky Clover, Moon Lord, Mystic Moon and Win Storm.

“Diamond Tree Jackpot by CT Interactive is a premium solution for operators seeking to boost player retention and increase session revenue. Supporting multiple currencies and featuring three progressive jackpot levels, it offers exciting winning opportunities and dynamic gameplay that encourage repeat visits and sustained player interest. With high-quality visuals, immersive sound, and a flexible bonus system, the game promotes diverse game dynamics and sessions longevity while bringing great player engagement. Easy to integrate and customizable, it’s an excellent choice to expand portfolios and strengthen market competitiveness,” said Martin Ivanov, COO of CT Interactive.

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With its top-performing titles, adaptable jackpot configuration, highly engaging bonus mechanics and exclusive math model, Diamond Tree Jackpot is a revenue-focused solution designed to meet today’s operator demands. This premium product not only enhances portfolio value but also supports long-term player acquisition and retention strategies—making it a powerful competitive advantage in today’s dynamic iGaming landscape. This launch reinforces CT Interactive’s commitment to delivering immersive, high-performing gaming experiences to operators and players around the globe.

The post CT Interactive Launches Diamond Tree Jackpot appeared first on European Gaming Industry News.

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Full House Resorts

Full House Resorts Announces Promotion of Lewis Fanger to President

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Full House Resorts Inc. announced that it has promoted Lewis Fanger to President, Chief Financial Officer, and Treasurer, effective July 11, 2025. The title of President was previously held by Daniel Lee, the Company’s Chief Executive Officer. As previously disclosed, Mr. Lee extended his employment agreement as the Company’s Chief Executive Officer in June 2025.

“Since our arrival approximately ten years ago. Full House Resorts has undergone a significant transformation, from a small regional casino operator to one of the fastest-growing companies in our industry. Lewis’s financial leadership has helped enable that growth, allowing us to improve our existing assets and expand the Company through new developments such as American Place and Chamonix. Lewis has been an invaluable part of our team over the past decade, and his promotion to President will help ensure a continuity of leadership,” Mr. Lee said.

The post Full House Resorts Announces Promotion of Lewis Fanger to President appeared first on Gaming and Gambling Industry in the Americas.

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