Following a group-wide consolidation of its pan-European operations, Allwyn International has reported positive trading during Q3, particularly in the UK. Publishing its quarterly trading update for July-September, the company outlined Q3 revenue growth of 11% to €958.6m (2021: €867.4m) and adjusted EBITDA of €319.9m (€290.4m), a growth rate of 10%, although the margin was down from 55% to 54%..  Meanwhile, …

Glitnor Group’s buyout of KaFe Rocks has been cancelled nine months after it was first announced, in what has been described as an ‘amicable’ decision. Confirming the news this morning, Glitnor Group stated that both parties had recognised current market conditions as being unfavourable, and after ‘much deliberation’ decided to call off the acquisition. Despite this, Glitnor will remain a …

The UK Gambling Commission (UKGC) asserts that there has been no explosion in gambling over the past two years, but major developments have taken place in other ways.  Andrew Rhodes, UKGC CEO, addressing industry stakeholders in a CEO Briefing speech, examined market trends in the British betting and gaming space, noting an uptick in M&A, concerns around illegal betting and …

Acknowledging several new opportunities and challenges following the enlargement of its operations this year, 888 Holdings has published updated targets at its Capital Markets Day.. Having acquired William Hill’s non-US assets from Caesars Entertainment for £2.2bn in July, the company has noted emerging operating challenges, increased levels of debt exposing it to the impact of higher interest rates, and moderation of …

Toto Online, a Nederlandse Loterij brand, has been hit with a penalty of €400,000 by the Kansspelautoriteit (KSA), the Dutch gambling authority. The company received a fine for targeted advertising of its gambling products to 18-23-year-old customers, due to sending messages to its entire customer base over four months.  Said messages were sent by the operator of the www.toto.nl, www.sport.toto.nl …

Lauding its first step in the North American and Latin American gaming sectors, Novibet has secured a market launch in Mexico.  The online sports betting and casino operator, founded in Greece and headquartered in Malta, plans to use Mexico as a springboard for further expansion in both North and South America.  A long-term resident of the European gaming space, Novibet …

GambleAware has enhanced its media strategy and operations, appointing Lucky Generals and OmniGOV at MG OMD as partners for this task. Both firms have signed three-year contracts with the gambling harm prevention charity, with an objective of supporting its national behaviour change campaign work.  A new programme raising awareness of gambling related harm forms part of this plan, alongside encouraging …

Online casino operator 500 Casino has moved to strengthen its sportsbook and esports offering by signing a partnership with BETBY. Terms of the deal cover provision of BETBY’s managed sportsbook solution, including a ‘comprehensive reporting tool’ and support systems’, as well as the Betby.Games range. A esports games suite, Betby.Games products are driven by AI, as the firm states that …

Providing a solid bedrock for the Q4 acquisition of BetFlag, Lottomatica recorded year-to-date revenue of over €1bn as of September 2022. As reported in the multinational betting and gaming group’s consolidated interim trading report, this marks a 100% increase on September 2021’s YTD revenue of €462.5m.  On the other hand, EBITDA stood at €129.1m, a 12.7% increase on 2021’s €71.5m, …