The SBC Weekly Digest for 20/03/20

Your weekly roundup of the most popular articles from SBC News, SBC Americas, CasinoBeats, Insider Sport & Payment Expert.

Good week for…

Pennsylvania has joined the likes of New Jersey and Nevada in taking over $2bn in wagers across its online and retail sportsbooks since the state’s legalisation of sports betting.

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Despite widespread disruption in the sports industry, the Stars Group has underlined its confidence of delivering revenue growth in the period ahead.

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Bad week for…

The UK gambling sector has been dealt a fresh blow after Rishi Sunak’s package of new measures, which is aimed at supporting UK businesses during the COVID-19 pandemic, does not allow gambling companies and casinos to apply for financial support.

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The FA, The Premier League, and The English Football League have postponed all levels of professional play until 30 April 2020 in light of the COVID-19 pandemic.

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“Gaming is a resilient industry. As leading hospitality companies, we’re employers, supporters of small businesses, and economic engines. Once we’re through this crisis, we are committed to working with government leaders to play a critical role in reinvigorating communities across the country.”

American Gaming Association’s President and CEO, Bill Miller, implores policy makers and leaders to help safeguard the livelihoods of gaming industry workers in light of the coronavirus outbreak.

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Working capital provider Greensill has united with seven NHS Trusts in the UK to accelerate staff payments via an app provided by the firm’s recently acquired Earnd division.

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GVC has anticipated that full-year 2020 EBITDA will be reduced by approximately £130-150 million due to the significant reduction in sporting events.

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The EFL has revealed that it will supply a £50m relief package which will be distributed among its leagues to mitigate the impacts of disruptions to the sporting industry.

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Despite a challenging retail environment, Sportech reported a 2% increase in revenues, reporting figures of $75m, as revealed in its full-year results.

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Jens thumb
MuchBetter’s Co-Founder, Jens Bader, looks at how pivotal technological evolution is in enhancing the payment journey.
Recommended Reading
CasinoBeats spoke with Jesper Kärrbrink, executive chairman at Green Jade Gaming, about how the gaming industry can face the unprecedented challenges that have arisen due to the COVID-19 outbreak.

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Payment Expert has named the first seven members of its Advisory Board as it pushes ahead with ambitious growth plans for 2020.

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Football Media CEO, Dean Akinjobi, spoke to Insider Sport about the financial opportunities available through women’s football.

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David Lampitt, Managing Director for Sports Partnerships at Sportradar, explained to SBC how the firm is providing baseball fans with the perfect way to engage with MLB all year round.

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