Further expanding Genius Sports’ reach and visibility in North American wagering and sports, the firm’s Second Spectrum subsidiary has penned a deal with the NBA. The agreement between the London-based, NYSE-registered sportstech firm and the basketball league will focus on data and analytics, continuing to integrate NBA tracking data, basketball insights and analytics engine. On a broader scale, Second Spectrum …

Flutter Entertainment has confirmed the financial results outlined in its preliminary report earlier this month, following this up with the setting of new targets for the year ahead. The international operator published its 2022 annual report this morning, confirming group-wide revenue growth of 27% to £7.7bn (2021: £6bn), EBITDA up 4% to £1.04bn (£1bn) with a margin of 14% (16.6% …

PA Betting Services (PABS) has extended its partnership with Flutter Entertainment, providing its horse and greyhound racing content services to the firm’s full sportsbook portfolio. The renewal of PABS’ contract with the FTSE100 sports betting and gaming group will see the long-running partnership continue until 2028, supporting the Paddy Power, Sky Bet, Betfair, Sportsbet and Sporting Life brands. Over 50,000 fixtures …

Entain Plc remains confident of its growth strategy and product diversification across new and established markets in 2023, after achieving broad revenue growth last year. The FTSE100 international gambling group revealed this morning that in total it achieved revenue growth of 12% in 2022 to $4.3bn (2021: $3.8bn), driving a 11% uptick in gross profit to $2.7bn ($2.4bn). Accompanying this …

Australia’s financial intelligence agency, AUSTRAC (Australian Transaction Reports and Analysis Centre), has stepped up its efforts against money laundering, particularly relating to the gambling sector. Spokespeople for the government agency revealed at the Regulate the Game 2023 conference this week that a new specialist unit has been created with a specific anti-money laundering (AML) in betting remit. Bradley Brown, AUSTRAC …

Equality is ‘only one part of the solution’ to ensuring greater visibility and leadership of women in STEM, including in betting and gaming-related workspaces, Jette Nygaard-Anderson has outlined. Speaking from years of experience in the technology and betting industries, the Entain CEO has voiced her opinion on how these sectors can better leverage and benefit from female talent. Nygaard-Anderson noted …

Tekkorp Capital has made its latest strategic investment, leading a non-brokered private placement of units in B2C and B2B sports betting firm FansUnite. Conducted at a price of $0.08 per FansUnite unit, the offering totals aggregate gross proceeds of $2m and sees Tekkorp acquire 13,750,000 financing units in FansUnite, corresponding to shares in the firm. The offering forms part of …

The Kansspelautoriteit (KSA), the Dutch Gaming Authority, has revealed the findings so far in its investigation of online gaming firms’ duty of care responsibilities on gambling addiction. Detailing four conclusions so far, the authority stated that – based on the impact of the findings – its investigation will be extended to the second quarter of 2023, as the authority seeks …

NeoGames SA has highlighted the long-term value of its combination with Aspire Global, reporting strong growth across its business throughout 2022 despite a net loss due to heightened costs. Headline figures in the company’s full year and Q4 2022 trading report saw NeoGames register group-wide revenue growth of 149% from $84.5m to $210.2m, attributed by the solutions provider to the …

Superbet Group has made changes to its marketing strategy in Romania, one of its core territories, scaling back commercial messaging in outdoor advertising. The multinational betting and gaming group aims to complete the removal of all commercial messages in ‘out-of-home’ advertising during the first half of the year, with the process due to start ‘in the future’.  Where the firm …