Gambling revenues: Europe on the road to recovery?

August 17, 2022 Europe Earnings & Filings

It’s been a busy time for financial results within the gambling industry, with the likes of Flutter Entertainment, Entain, 888 Holdings, LeoVegas, NeoGames and Table Trac all publishing either Q2 or H1 2022 results last week alone.

But these results have not all been favourable, with many companies continuing to fight against the implications caused by the Covid-19 pandemic, while others have struggled for various other reasons.

Narrowing the lens solely on Europe, however, and the situation is certainly a promising one when compared to this time last year; at least when it comes to analysing the countries involved, as opposed to singling out specific companies.

The majority of the continent is now ‘living with the virus,’ in that the most severe restrictions have all but disappeared across the continent. The lifting of such restrictions, coupled with a shift to online, has resulted in many positive financial results for different countries across Europe.

A total of five countries in the region have posted positive year-on-year changes in either their Q2 or H1 results in the last few months, with Lithuania most recently reporting a 66% increase in gambling revenue for the first half of 2022 to €89.3m ($91.8m).

Long Dimanche added that there were more than 1,600 construction projects with an investment of more than U.S. $ 8.4 billion in Sihanoukville between 2017 and November 2021. Of these, there are more than 600 high-rise construction projects, defined as buildings between five and 53 floors, most of which are Chinese invested.