Europe

Better Collective takes first actions of €50m cost reduction programme

SBC News Better Collective takes first actions of €50m cost reduction programme

Better Collective A/S has commenced a €50m cost reduction programme to “streamline operations and align its investment base with market dynamics”. In October, the Stockholm- and Copenhagen-listed media group notified markets of a forthcoming streamline as  year guidance for 2024 was downgraded to a revenue range of €355m to €375m, from its previous target of over €395m. Revised targets saw …

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AdmiralBet integrates cash-to-digital igaming payments in Serbia

Oddin.gg rolls out in the Balkans in partnership with MaxBet

Novomatic Group subsidiary AdmiralBet has modernised its igaming offering in Serbia with the integration of digital payments solution OKTO.  The new offering will allow Serbian customers to deposit cash directly into their AdmiralBet igaming accounts, catering to those wanting the convenience of online gaming combined with offline transactions.  Cash can be deposited instantly via e-vouchers at one of OKTO’s growing …

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Flutter to close 2024 on “Bets launch and Netflix”

SBC News Flutter to close 2024 on “Bets launch and Netflix”

Flutter Entertainment has deemed Q3 trading as exceptional. Delivering market updates; the firm’s CEO Peter Jackson and CFO Rob Coldrake provided a closer examination of key developments across core markets for Q4 and beyond. UK growth can never be underestimated The UK continues on a period of regulatory transformation, however, whilst there was turbulence for many, Flutter was immensely pleased with the success of …

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BetHog launched by FanDuel duo to unlock crypto utilities for igaming

SBC News BetHog launched by FanDuel duo to unlock crypto utilities for igaming

Nigel Eccles and Rob Jones, the former co-founders of FanDuel DFS, have re-teamed to launch a new crypto sportsbook and casino, BetHog. The venture is backed by $6 million in funding led by Web3 VC fund 6th Man Ventures (6MV), featuring the participation of iGaming figureheads Chris Grove of Eilers & Krejcik and Josh Hannah, the founder of the Flutter.com …

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Gentoo Media flies high in Q3 as new standalone business

SBC News Gentoo Media flies high in Q3 as new standalone business

Gentoo Media has revealed a 15th consecutive quarter of record revenue growth, maintaining its commercial momentum following its recent split from Gaming Innovation Group (GiG).  In Q3 2024, revenues soared to €30.4m (Q3 2023:  €22.5m) and represented a 35% growth YoY (12% organic) – as headline revenues stood in-line with Gentoo’s preliminary statement issued in October.  Adjusted EBITDA stood at …

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GMGI tops $100m revenues on MeridianBet efficiencies

SBC News GMGI tops $100m revenues on MeridianBet efficiencies

Golden Matrix Group (GMGI) has surpassed $100 million in corporate revenues for the year, underscoring its successful integration of MeridianBet. Publishing its Q3 trading statement, the Nasdaq-listed global online gambling group registered consolidated revenues of $41 million (+85%). For the year-to-date, GMGI revenues increased to $105 million, driven by the continued growth of MeridianBet and GMGI tech services. As detailed, …

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Flutter elevates International guidance ahead of Brazil and Italia expansions

SBC News Flutter elevates International guidance ahead of Brazil and Italia expansions

Flutter Entertainment has raised its 2024 guidance by 1%, despite notifying markets of unfavourable Q4 sports results impacting its US FanDuel business. The NYSE-LSE gambling group published its Q3 accounts, describing it as an ‘excellent period’ in which Flutter brands achieved a 16% increase in Average Monthly Players (AMPs) to 12.9m and corporate revenues of $3.2bn—up 27% from 2023 comparatives …

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KSA flexes illegal gambling fighting muscles amid KOA reforms 

Peter-Paul de Goeij reappointed to NOGA leadership

The Dutch gambling regulator, Kansspelautoriteit (KSA), has warned yet another operator for offering gambling services in the Netherlands illegally. The company in question is Alimaniere Sociedad de Responsabilidad, which targeted Dutch citizens through a number of domains without having the required licence.  Following the initial investigation, the KSA concluded that the firm was operating the time2spin.com domain illegally. After being …

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