GambleAware has released the full list of betting operators and B2B gaming suppliers which donated to support research, education and treatment (RET) programmes in the opening quarter of the 2023/24 fiscal year. The charity received £430.9m in total, consisting of £317.1m in RET donations and £113.7m in non-RET donations, the latter being funds from unclaimed winnings or dormant betting accounts. …

Kambi Group is on target to achieve its 2027 objectives, CEO Kristian Nylén informed investors following the group’s Q2 and H1 trading update, although the firm has noted some financial difficulties encountered over the past six months. Alongside Kambi’s Chief Financial Officer (CFO), David Kenyon, Nylén addressed details in the group’s latest financial statement that operator turnover had a ‘dampening …

BetMGM had a positive update for Entain and MGM Resorts International investors today, as the US-facing joint venture reported positive EBITDA for Q2 2023  The joint venture between London-based, LSE-listed Entain and Las Vegas-headquartered, NYSE enterprise MGM was first launched in 2019, but so far profitability has eluded the sportsbook brand. In its latest update, BetMGM reported H1 revenue of …

BetConstruct’s Bahamut platform reached a new milestone this week with the successful completion of a token swap between xFTN to FTN via the Fastex exchange. All buyers who purchased xFTN during the presale stage have gained unrestricted access to FTNs for trading and investment. The announcement was made by Fastex, the native token of the Bahamut platform. A Fastex statement …

A range of betting and gaming stakeholders, as well as those in the treatment sector, have been asked to provide evidence to government and UK Gambling Commission (UKGC) consultations. The discussions are a fundamental objective of the Gambling Act review White Paper, published back in April, which laid out a number of recommendations for the regulatory future of the UK …

The UK government laid out new rules earlier this week to crack down on illegal advertising and protect young consumers from viewing age-restricted products. These reforms have subsequently been welcomed by the country’s betting and gaming trade association Published on 25 July, the new rules require social media platforms and websites, as well as other services which feature advertising, to …

Making sound investments whilst navigating the varying regulatory roadmaps many international operators face can be a daunting challenge. For Mike Goode, the ability to respond and adapt is vital to accomplish this task. Ahead of kwiff’s Chief Financial Officer’s (CFO) appearance at the SBC Summit Barcelona later this year, Goode provided SBC Media with insights into how the organisation coordinates …

Kambi Group is in a ‘fantastic position’ for further growth, in the words of CEO Kristian Nylén, as revenue in both the second quarter and first half of the year as a whole recorded an uptick. The B2B betting solutions group reported Q2 revenue growth of 24% year-on-year from €34.7m to €42.9m to its Stockholm Nasdaq inventors. Meanwhile, total revenue …

Rightlander has secured an extension to its partnership with bet365, as the betting group targets enhanced responsible gambling compliance across its international operations. The Stoke-on-Trent-based firm will continue to leverage Rightlander’s platform and features to maintain compliance with various regulatory frameworks as regimes across the world continue to evolve. Keeping track with regulatory changes and promoting responsible gambling has become …

Ahead of the transfer of National Lottery licence duties on 1 February 2024, Allwyn and Camelot have formulated a joint plan to assist retailers with upcoming changes. The duo is aiming to help retailers to electronically transfer Retailer Agreements from Camelot to Allwyn once the transition of licence duties between the two is complete on 1 February 2024. All Retailer …