As the pandemic continues, bricks & mortar casinos are feeling the effects on a worldwide basis. Macau’s revenues are down to $220.4 million in May 2020, which is 93.2% down year-on-year. Meanwhile in Las Vegas, they have introduced tables with clear pespex windows to protect staff and customers, many casino regulars believe it will damage the atmosphere. Furthermore, the Las Vegas strip is set to re-open on the 4th June 2020, the Venetian announced it is re-opening their operations from this date, the first to do so on the strip.
The Microgaming Poker Network closed its virtual doors on the 19th May 2020. MPN has been around for approximately 17 years and had announced earlier its exit from the market. There were 16 skins on the network, of which the majority have switched to the iPoker network including Grosvenor Poker. Some skins have decided to close, meanwhile the remaining have switched to other networks.
Flutter entertainment announced a share sale in order to raise capital and reduce debt. In total they raised £812.6 million. Shares were sold for €112.42 which represented a discount of 4.7% at the time of purchase. Flutter is hoping the cash injection will help accelerate its growth in the US market.
William Hill and GVC are expected to claim back approximately £350 million from HMRC after bookmakers won a £1 billion legal battle over VAT paid on FOBTs.
Israeli businessman Shay Ben-Yitzhak, one of the founders of 888 Holdings died in a plane crash on 2nd May 2020. The private light aircraft apparently nose dived shortly after take off.
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