Ted Orme-Claye

Codere Online eyes 2024 positive cash flow after Q1 2023 revenue growth

Codere Online

Codere Online has reported revenue growth across its three core markets, with the increase in income enabling the Spanish markets-focused operator to further reduce its net losses. Group wide revenue for the first quarter of the year rose 57% to €37.6m (Q1 2022: €23.9m), whilst net gaming revenue increased 55% to €39.5m (€25.5m).  These respective growth rates cut the firm’s …

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Checkd bolsters Betting Hub with Voxbet tech integration

Checkd bolsters Betting Hub with Voxbet tech integration

Voxbet has landed its latest client, securing an agreement with Checkd Group to integrate AI-backed voice recognition technology into the latter’s Betting Hub app. The partners aim to remove friction from the customer journey on the Betting Hub via the incorporation of Voxbet’s technology, which enables users to speak or write a bet and place it with an operator. Checkd …

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Danish stakeholders put €1.6m into new Gambling Committee

Danish Gambling Committee

Five firms active in Denmark’s betting market have committed to a cash injection into the Danish Gambling Committee (DGC), a university research initiative into gambling harm. An initiative of the Research Clinic for Gambling at Aarhus University, the programme aims to begin its first research projects this year, continuing for a planned three-year period. Projects will focus on research into …

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SIS expands European standing with ISIBET Pro Italy deal

SIS expands European standing with ISIBET Pro Italy deal

SIS (Sports Information Services) has strengthened its reach to the Italian betting space, signing a horse racing content agreement with ISIBET Pro. By integrating its racing platform into ISIBET Pro’s operation, UK-headquartered SIS will provide the Italian retail and online operator with content from 35,000 races annually from 170 racecourses. This will include fixtures from Africa, Australia, Europe, Latin America …

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GiG takes Latvian sportsbook live with three operators

GiG takes Lativan sportsbook live with three operators

Gaming Innovation Group (GiG) has taken another step in its plans for European growth, launching its sportsbook platform in Latvia with three betting companies. William Hill, Mr Green and Fenibet, the former two part of 888 Holdings’ portfolio, have become the first customers of the GiG Sport platform – developed by GiG after acquiring Sportnco back in April 2022 – …

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STS and Fortuna launch ‘Play Legally’ campaign against Polish grey market

STS and Fortuna launch ‘Play Legally’ campaign against Polish grey market

STS and Fortuna, two of Poland’s largest licenced bookmakers, have announced a new marketing campaign to draw consumers away from ‘grey market’ operators, ‘Play Legally’. The duo will give up branding space on team uniforms and pitch side LED screens in top-flight PKO Bank Polski Ekstraklasa fixtures between 12-15 May to promote the new slogan. Describing ‘Play Legally’ as a …

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XLMedia and bet365 partner up in North America RG push

XLMedia and bet365 partner up in North America RG push

UK betting stakeholders bet365 and XLMedia (XLM) have signed a new partnership targeting North American expansion with a responsible gaming caveat. The revenue share agreement has set a goal of onboarding new customers in the burgeoning US betting and gaming space, whilst promoting responsible gaming practices and tools.  This will include leveraging collaborative content to promote understanding of safe gambling …

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Health Lottery assigns Mark Nash to lead marketing strategy

Lebby Eyres takes the helm as CEO of Northern & Shell Health Lottery

The Health Lottery has hired Mark Nash as Marketing Director ahead of a planned introduction of a new brand identity later this year. Nash’s immediate responsibility will be to streamline the Health Lottery’s marketing strategy, which will involve coordinating ‘various functions’ that were previously covered by other positions.  He joins the society lottery operator from insurance firm Aviva, and has …

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GiG becomes latest Swedish B2B licence holder

GiG becomes latest Swedish B2B licence holder

The Swedish Gaming Authority, Spelinspektionen, has awarded the latest in a series of B2B supplier licences to Gaming Innovation Group (GiG). GiG becomes the eighth betting and gaming supplier to secure approval under Sweden’s new B2B framework, approved by the Rikstag parliament in November last year with backing from the Ministry of Finance. The firm, which maintains offices in London …

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Genius updates FY23 expectations as Q1 results edge closer to profitability

genius sports

Genius Sports expects to achieve positive cash-flow by the second half of this year after further shrinking its net losses during Q1 2023, continuing upward trajectory from 2022. Group wide quarterly revenue rose 13% to $97.2m (Q1 2022: $86.9m), alongside adjusted EBITDA of $8m, a substantial increase of 378% on a corresponding Q1 2022 loss of $3m, whilst the margin …

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