Each week, CasinoBeats breaks down the numbers behind some of the industry’s most interesting stories. In the latest edition we take a look at a National League South gambling harm prevention partnership, financial performances, and continued Swedish criticism.
The Kindred Group has hit out at a potential extension of extra restrictions in the Swedish market, highlighting a lack of facts and worry that the government’s policy is opposite to that of the country’s Parliament.
The operator says that Sweden’s government has, seven months after the restrictions were first suggested, not accounted for any facts that support for implementation or presented any findings that support their assumptions.
This comes after it was revealed that current restrictions on the gaming industry could be extended until June 30, 2021.
Sweden’s national legislature has reviewed a raft of Ministry of Finance proposals, which will see current weekly SEK 5,000 deposits limits and capped SEK 100 bonus offers on online casinos extended until the aforementioned date next year.
Spectators will be welcomed back to English sporting venues from next month as betting shops gain permission to stay open throughout the Tier system, however, casinos will have to shut down in the regions under the most severe restrictions.
This was announced yesterday by Prime Minister Boris Johnson who outlined the country’s ‘COVID winter plan,’ which will come into force when current national restrictions end on December 2 and will expire in law at the end of March.
The Betting and Gaming Council has thanked the UK government for its decision to permit betting shops to remain open in Tier 3 areas, but has vowed to continue to press for the full and safe reopening of casinos too.
In order to remain open in those areas under the highest level of restrictions, betting shops will have to implement an extra level of an-COVID measures on top of those previously installed.
This will see the removal of chars and a ban on the broadcasting of live sport, which join hand sanitisers, Perspex screens, track and trace systems and strict social distancing.
Billericay Town FC has announced a gambling harm prevention partnership with the Big Step, Gambling with Lives, GamFan, RecoverMe, GamBan, and the All Bets Are Off podcast.
The National League South outfit says that the collaboration will highlight the dangers of gambling, and signpost people directly or indirectly affected by addiction to relevant support.
From today, Friday 27 November, until Friday 4 December, the club will signpost fans and followers to groups that assist with gambling addiction, such as GamFam and RecoverMe, to ensure people get the help they need.
Furthermore, this weekend’s fixture versus Hampton & Richmond Borough will feature Gambling with Lives as match sponsor, with next week’s match against Chelmsford City seeing the All Bets Are Off podcast occupy the space.
France’s online gambling market has continued to bounce back following 2020’s unexpected developments, with the country’s gambling regulator L’autorité nationale des Jeux lauding a “spectacular recovery” in all gaming segments.
The ANJ notes that “the market even recovered to a level significantly higher than the one before the health crisis,” with revenue boosted 17 per cent from 2019’s third quarter. Active player accounts also surged 29 per cent.
Following a second quarter marred by a series of sporting postponements and cancellations, the French online market demonstrated a 25 per cent growth from Q2.
Documenting its performance for the first three quarters of the year, turnover of the French online gambling market rose 11 per cent year-on-year to finish up at €1.2bn.
After detailing a skyrocketing online poker ecosystem earlier in the year, “another very significant increase” is reported during Q3 via a 36 per cent revenue rise to €90m. This represents a drop from the €142m recorded during Q2.
Praised as continuing to show “very strong momentum” during the quarter, participation numbers grew 37 per cent as the average spend per player remained at €102.
Rush Street Interactive has praised “solid execution and financial discipline” during the year’s third quarter, as the financial outlook for the full year is increased by the firm.
Maintaining a continued ambition of expansion and enhancements, revenue during the year’s third quarter amounted to $78.2m, a significant 368.2 per cent increase from 2019’s $16.7m.
The firm, which entered into a business combination agreement with dMY Technology Group which, upon closing, will result in a public listing on the NYSE, also saw its loss widen from $1.6m to $28.1m.
The third quarter’s adjusted earnings reached $9.9m from a loss of $1.3m reported a year earlier, as real money active users in the US surged 135 per cent year-on-year and 87 per cent quarter-on-quarter.
As a result of its latest financial publication, RSI has increased its full-year projections, with revenue now anticipated to be in the range of $265m – $275m, an increase of 20 per cent from its prior guidance of $225m.The revision assumes professional and college sports calendars occur as currently planned.