EveryMatrix cites that it has achieved its ‘highest growth in company history’ as all business segments deliver on record financial performance and profitability.  Publishing its Q1 trading report,  the B2B igaming technology group achieved a net revenue of €23.5m, representing a 69% 2022 comparatives and a subsequent 21% Quarter-on-Quarter increase – to mark EveryMatrix’s sixth consecutive quarter of headline revenue …

Gaming Innovation Group (GiG) cites full confidence in achieving its 2023 financial and commercial objectives, as tech units achieve all-time-high results.     Publishing its Q1 2023 trading update, GiG announced ‘impressive group-wide results’ for Q1 2023, generating all-time high corporate revenues of €28.4m, a 49% year-on-year increase on 2021 results of €19m.   Peak revenue performance led the technology group to achieve …

The International Betting Integrity Association (IBIA) has released its Q1 2023 Integrity Report, revealing 40 instances of suspicious betting activity identified by its membership, which represents nearly 50% of all commercial online betting worldwide and over $137 billion in sports betting turnover. The report highlighted the critical need for effective integrity solutions in Latin America, of importance for Brazil, and …

The Ministry of Finance of Estonia has published a ‘draft law’ recommending that the new government increase taxes on online gambling, casino games, and lottery draws.  An increase in gambling taxes is proposed as the Ministry cites significant growth in online casino revenue, which has surged by 260% from €78m in 2020 to €281m in 2022, as reported by the …

Microgaming has confirmed the appointment of Stephen Fisk as its new Chief Executive Officer (CEO), effective immediately. Fisk will be taking over the role from Andrew Clucas, who will pursue new opportunities, having chosen to end his 15-year tenure as an executive of the online casino games and software supplier.  Fisk, who first joined Microgaming in October 2016 as Director …

The unique intricacies of catering to local customers make international expansion no easy feat for betting operators. As such, Will Westcott, Head of Business Development at Genius Sports, underlines the importance of fostering a go-local approach on pricing and risk management to meet new market challenges, demands and variables. With new markets across Asia, Latin America and the U.S. on …

Flutter Entertainment Plc reports on a very positive opening to 2023 trading, as corporate governance prepares the FTSE100 gambling group for its dual listing in the US to be executed by Q4 2023.  Headline Q1 trading results saw Flutter’s enlarged global brand portfolio service over 12.3m average monthly players (AMPs), as group revenues stood at £2.4bn up 46% on corresponding …

Grupo Televisa, Mexico’s largest media and entertainment conglomerate, has received approval to break-up its core business and create a new ‘gambling and soccer’ specific entity. Shareholders approved the decision at an Extraordinary Meeting held on 26 April to split up  Televisa’s gambling, lottery and soccer units into a new business which aims to be listed on the Mexican Stock Exchange …

Superbet Group has announced the appointment of Jimmy Maymann as Deputy Chairman of the board to help achieve the group’s international expansion and commercial objectives. A figurehead in tech and entertainment sectors, Maymann is the former Group CEO of the Huffington Post (2012-2015) and Ex-President of AOL’s Global Content and Consumer Brands Division (2015-2017). Superbet highlighted Maymann’s experience, “As a …

Brazil’s government is yet to settle on the final criteria of its pending tax framework for a federal sports betting regime.  As reported by local media, Sports Minister Ana Moser has put forward the ‘economic team on sports betting’ – a proposal to increase the gross gaming revenue (GGR) tax rate from 15%-to-16%. In her proposal, Moser recommended that the …