Kindred’s responsible gambling initiative has picked up pace once more thanks to its collaboration with Sweden’s ATG and Svenska Spel.  The three operators, with the latter two being state-backed companies, started working together back in 2022 with the common goal of addressing the issue of problematic gambling behaviours in the Swedish market. Since then, the trio have been releasing joint …

Esports betting odds provider PandaScore has signed a new partnership with 3ET owner, Eurasia Sports Limited.  As a football and US-focused sports betting operator, the deal will allow 3ET to venture into the world of esports betting by leveraging PandaScore’s odds feed solution that covers three of the biggest esports – CS, Dota2 and League of Legends.  Robert Cruickshank, Director …

Flutter UKI has launched a search for a ‘high potential’ startup to help serve its female customer base across the UK and Ireland.  Part of the Alpha Hub programme, Flutter’s endeavour will see its flagship brands Sky Betting and Gaming, Paddy Power, and Betfair try to capitalise on recent data suggesting that female players are a promising demographic for long-term …

In a new shareholder update, Better Collective revealed that it has surpassed its financial target by reaching full year revenues of €327m and EBITDA of €111m. These numbers represent an year-over-year growth of 21% and 31% respectively. Initial full-year revenue targets were set between €315m and €325m.  Approximate full-year EBITDA fell in line with the targeted €105m to €115m. The …

Entain plc’s and MGM Resorts’ North American co-venture BetMGM has delivered its financial performance report for FY 2023, registering a positive EBITDA for H2. Financials The business saw its net revenue from operations grow by 36% year-over-year to $1.96bn, which represents the upper end of its $1.8bn to $2bn guidance range. Same-state net revenue from digital operations grew by 14%, …

In a trading update, XLMedia has informed shareholders that it expects its revenue and adjusted EBITDA to be in line with market expectations. The update was provided ahead of its full FY23 results in early April 2024, which will provide more insight into the company’s 2023 performance and plans moving forward. According to the update, XLMedia’s FY23 revenues are expected …

B2B gaming company Inspired Entertainment has signed a new agreement with sports betting firm Kambi Group plc to integrate the Inspired Virtual Sports product suite into the latter’s sportsbook platform. The agreement to sign Inspired as an exclusive virtual sports partner was reached after a ‘rigorous competitive procurement process’ undertaken by Kambi. For Inspired, company CEO and President Brooks Pierce …

According to reports from media outlet SRF, the Swiss Federal Gambling Board Eidgenössische Spielbankenkommission (ESBK) is looking into the latest deal between crypto casino Stake and the Sauber Formula 1 team for potentially breaching the country’s advertising regulations.  Earlier this week, Sauber revealed its latest C44 car that will feature in the new season which starts at the end of February. …

Bettormetrics has successfully attracted Series A funding from investors Bettor Capital and Velo Partners.  Launching in 2022, the UK sports betting analytics provider has managed to expand its customer portfolio across the US and Europe with bookmakers who are utilising the company’s cloud-based analytics technology.  With the new funding, Bettormetrics will seek to further grow its client base by building …

Swiss-based lottery operator Allwyn has become a majority investor in Instant Win Gaming Limited (IWG). Upon closing, the investment will give Allwyn a 70% stake in IWG’s operations. Stakeholders were informed that Allwyn will use existing capital to finance the investment. Stepan Dlouhy, Allwyn Chief Investment Officer, said: “Allwyn’s agreement with IWG will enable us to create and leverage high-quality …