Madrid: Barcelona are closing in on their eighth La Liga title in 11 years after Clement Lenglet and Jordi Alba both scored in a 2-1 win over Real Sociedad on Saturday. Victory means Barca only have to beat Alaves on Tuesday and then Levante next Saturday to be crowned champions at Camp Nou, while three points against Alaves will be enough on its own if Atletico Madrid then lose to Valencia on Wednesday. Whether in three days or seven, it is now surely only a matter of when rather than if Ernesto Valverde’s side successfully defend their trophy, despite Atletico keeping the gap to nine points after they edged past Eibar earlier on Saturday. Also Read – Puducherry on top after 8-wkt win over Chandigarh”We have to get it out of our heads that we are nine points clear,” Valverde said. “We now have three days until we play again and it will be difficult.” Wrapping it up early though would allow Barcelona the luxury of focusing completely on the Champions League, which could give them an advantage over their semi-final opponents Liverpool, who seem to be embroiled in a Premier League race to the finish with Manchester City. But this was no stroll, with Real Sociedad pulling level in the second half thanks to Juanmi’s equaliser, even if parity lasted less than two minutes. Lionel Messi might not have scored but it was his cute pass that teed up the excellent Alba to score the winner after Lenglet had earlier powered in a header from Ousmane Dembele’s cross.
AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Newgioco cuts first half loss despite revenue decline Online gaming operator and supplier Newgioco Group has reported an 18.5% year-on-year decline in revenue for the first half of 2020, though reduced operating costs saw the business halve its net loss for the period.Turnover for the six months to 30 June fell 11.1% to $210.0m, with a 4.0% rise in online turnover to $182.2m wiped out by a 54.4% drop in retail’s contribution. This period saw Newgioco’s 150 betting shops in its core Italian market closed from 8 March to 4 May as a result of the novel coronavirus (Covid-19) pandemic, and major sporting events cancelled or suspended.It was not until 19 June that all land-based betting shops and kiosks were all back in operation.After payouts of $192.5m, Newgioco’s gross gaming revenue was down 14.6% at $17.6m. Once Italian gaming taxes of $2.6m were paid, and platform revenue of $24,797 (down 85.7%) factored in, Newgioco’s revenue for the first half came to $15.0m, down 18.5% year-on-year.The retail shut-down and suspension of sports did result in a decline in operating costs for the period, which fell 21.5% to $15.9m, resulting in a reduced operating loss of $896,472.However, other costs were significantly reduced, falling from $2.6m in H1 2019 to $881,377. This was down to a $722,500 gain on marketable securities, while interest expenses declined to $173,073 and debt amortisation charges fell 64.3% to $737,074.This resulted in a $1.8m loss before tax, which after income taxes of $590,097 resulted in a net loss of $2.4m, down 51.6%. Once a $93,514 foreign exchange loss was factored in, Newgioco’s comprehensive loss for the half was reduced 50.3% to $2.5m.This followed a second quarter in which revenue was down 47.2% to $4.8m. Turnover for the three months to 30 June only decreased marginally, however, falling 5.2% to $94.1m as growth in online stakes offset retail wagering falling to $4.2m.Costs and expenses declined 29.0% to $6.8m, resulting in an operating loss of $2.0m, up significantly from a $523,703 loss in the prior year. Once again, other expenses fell significantly due to reduced interest expenses, lower debt amortisation charges and a gain on marketable securities.But with revenue for the quarter falling, this still translated to higher losses. Loss before income taxes widened to $2.5m. After $62,059 in income taxes, Newgioco’s net loss grew 42.0% to $2.5m, which after a $18,516 gain from foreign currency translations, resulted in a comprehensive loss of $2.5m for the period, up 46.7%. Subscribe to the iGaming newsletter Regions: Europe Southern Europe Italy Online gaming operator and supplier Newgioco Group has reported an 18.5% year-on-year decline in revenue for the first half of 2020, though reduced operating costs saw the business halve its net loss for the period. 20th August 2020 | By contenteditor Tags: Mobile Online Gambling Finance Email Address Topics: Finance Sports betting Tech & innovation