Lottomatica SPA has agreed to acquire Italian online sportsbook and casino operator Betflag (Betflag.it) – in a move to refresh its online gambling portfolio.  The acquisition was undertaken by Lottomatica subsidiary GBO SPA, which agreed on terms to acquire Betflag outright for a valuation of €310m. The deal represents Lottomatica’s first M&A play since the heritage Italian gambling group was …

Kero Gaming has closed an oversubscribed ‘seed-2’ funding round, raising capital of $2m to develop its portfolio of ‘contextual in-game micro betting innovations’.  The seed round was led by enterprise-stage VC fund and accelerator Happyhour.io, who backed the Miami start-ups vision to “create Tik-Tok betting experiences for modern sports audiences”. Founded in 2020 by sportstech entrepreneur Tomash Devenishek, Kero’s prospects …

Codere Online has reflected on “stronger than expected results” across online casino amid a “strong set of results” through Q3, despite net loss soaring to 2022 highs through this latest reporting period. Revenue through July to September soared 51 per cent year-on-year to €28.9m, a figure that also represents a 5.47 per cent uptick from Q2 2022’s €27.4 as well as …

Groupe FDJ continues its M&A expansion, announcing that it has entered an agreement to acquire French racebook operator ZEturf Group. This morning FDJ notified investors that it had concluded negotiations with ZEturf leadership, settling on “a transaction valued at €175m”. Founded in 2001 by the Rohan Chabot family, ZEturf operates the ZEbet online racebook, which in 2004 was granted rights …

Better Collective A/S trades with confidence, having fast-tracked strategic changes to its US media network to boost scalability and long-term profits generated by US portfolio.  The Stockholm-listed publisher maintains full-year targets despite anticipating a “larger estimated impact of €10m (revenue and EBITDA)” from its decision to switch its US network from CPA to revenue share deals. Despite changes, Better Collective …

Entain Plc has launched its first African markets venture, debuting its flagship international sportsbook brand, bwin in Zambia. bwin announced its Zambian entry at the Radisson Blu Hotel in Lusaka, where Entain proclaimed to local media its “commitment to promote sports and tourism” in the East African nation. Interim trading saw Entain leadership reveal to investors the FTSE100 firm’s intent …

Sportradar AG has upgraded its full-year 2022 financial outlook, reflecting a consecutive quarter of “exceeded growth outperforming corporate expectations”.  Publishing its Q3 trading update, the Nasdaq sportstech group registered corporate revenues of €179m, up 31% on 2021 comparative results of €137m. Q3’s headline growth accounted for a 28% increase in Rest-of-the-World (excluding US) betting revenues of €101m that outperformed like-for-like …

Nueva Codere lauds its business transformation as its European and Latin American units continue to bounce back from the pandemic, as the group recorded “a strong recovery” in its Q3 results. The bounceback, Nueva Codere explained, was largely driven by the increase in footfall across its land-based gambling venues, which had previously remained closed due to the pandemic. The company, …

SIS (Sports Information Services), the supplier of 24/7 live betting content has agreed to power the esports betting offering of Spreadex, the UK’s leading spread betting operator. The partnership will allow Spreadex’s customers to watch and bet on  Competitive Gaming’s live head-to-head events, including SIS’ newly launched 24/7 Counter-Strike (CS:GO) channel offering its 2v2 format for esports wagering.  Bolstering its …

“We believe that this certification is a testament to GiG being a top tier service provider,” noted Gaming Innovation Group after receiving ISO 20000 certification. The authorisation for the group’s platform follows the undertaking of an extensive review of internal service management system, framework and practices, and is lauded by GiG as an “internationally recognised mark of quality”. ISO 20000 is …