Genius Sports has continued to chip away at its net losses from 2021, as the sportstech firm maintains momentum on its full-year objectives, exceeding initial revenue and EBITDA predictions of $231m and $12m. The company detailed in its Q3 interim trading report that year-to-date (YTD) revenue had risen by 32% to $235.7m (2021: $178.7m), with losses reduced by 90% from …

EveryMatrix has reported continued momentum for its B2B betting and gaming operations in Q3 2022. The technology provider revealed that total profit during the quarter rose by 33% to €16.8m from €14.9m, with an EBITDA margin of 38% from an EBITDA increase of 18.75% to €6.4m (Q3 2021: €5.2m). Examining European developments, EveryMatrix asserted that it is now ‘lapping the …

Aspire Global has completed its first financial quarter as a subsidiary of NeoGames, recording steady revenue of $48.5m, although some hurdles were encountered. As detailed in NeoGames Q3 trading update, Aspire’s revenue for the quarter represented an 8% growth rate when measured in constant currency, but this was somewhat offset by a 16% decrease due to the impact of foreign …

Crypto sports betting exchange BetDEX remains faithful in the continued stability of its operations as well as international crypto and crypto betting markets, despite recent instability.  ​​Currently under beta testing, BetDEX is a next-generation betting exchange built on Solana rails – Solana is a blockchain majority funded by Alameda Research, the affiliated quantitative trading firm and VC fund of FTX, …

Lauded as a milestone by the sports betting games developer, ParlayBay has significantly expanded its product portfolio to include real-money titles.  As part of its partnership with the company, 7bet will be the first sportsbook operator to launch the new content, targeting players in its home market of Lithuania. ParlayBay stated that the introduction of real-money gaming to its offering …

LEBOM’s licence suspension has been lifted by the UK Gambling Commission (UKGC) just under a week after the initial decision. In an update to the Commission’s original announcement on its website, the regulator explained that the licence suspension was brought to an end following ‘remedial action’ by LEBOM.  A football predictions app, LEBOM was suspended by the UKGC for failing …

Simon Pilkington has announced that he will be vacating his position as CEO of KaFe Rocks later this year, penning an open letter to ‘Rocketeers’.  First joining KaFe Rocks in May 2018, Pilkington started his career at the affiliate marketing firm as Head of English Language Markets, filling this role for nearly two years before being promoted to VP of …

Pool betting is one of the oldest forms of wagering. But in the UK in particular, the traditional pools sector has faced some trouble with staying relevant to a new instant gratification seeking generation. Having assumed stewardship of the Tote in 2019, bringing Betfred’s eight years of ownership to an end, the UK Tote Group has faced some prominent challenges. …

Gaming Innovation Group (GIG) has reported a strong performance across the board in Q3, as revenue rose 35% year-on-year. Representing organic growth of 24%, GIG’s group wide income for July-August 2022 was €22.9m (Q3 2021: €16.9m), coupled with an EBITDA Margin of 37% (34.1%), with total EBITDA increasing by 47% to €8.5m (€5.8m). Significant developments during the three month period …

As part of its long-term partnership with casino operator Mansion, Playtech is supporting the company’s launch in Ontario. With Playtech’s backing, Mansion’s Casino.com and Mansioncasino.com igaming brands have gone live in Canada’s most populous province. Playtech’s part in the deal, the latest development in the duo’s seven-year partnership, includes delivery of a complete online backend solution via its IIMS platform. …