Entain Plc’s leadership duo of CEO Jette Nygaard-Andersen and Deputy Rob Wood have notified investors that 2023 will be a tougher year for the FTSE100 gambling group’s UK arm. Though the firm’s revenue make-up continues to be diversified via M&As, UK brands accounted for 27% of Entain’s online NGR – contributing approximately £840m of the group’s £3.3bn online NGR results …
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Further expanding Genius Sports’ reach and visibility in North American wagering and sports, the firm’s Second Spectrum subsidiary has penned a deal with the NBA. The agreement between the London-based, NYSE-registered sportstech firm and the basketball league will focus on data and analytics, continuing to integrate NBA tracking data, basketball insights and analytics engine. On a broader scale, Second Spectrum …
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Flutter Entertainment has confirmed the financial results outlined in its preliminary report earlier this month, following this up with the setting of new targets for the year ahead. The international operator published its 2022 annual report this morning, confirming group-wide revenue growth of 27% to £7.7bn (2021: £6bn), EBITDA up 4% to £1.04bn (£1bn) with a margin of 14% (16.6% …
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The negative impact of Germany’s futile sports betting laws was visible during World Cup 2023, according to Mathias Dahms, the President of DSWV – Germany’s Sports Betting Association. Speaking at the trade body’s annual conference on 8 March, Dahms reiterated previous warnings of self-imposed harms on Germany’s ‘GlüNeuRStv’ interstate gambling regime. “2022 was not an outstanding year for sports betting” …
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Buzz Bingo has announced that it will close nine of its 91 clubs due to an “ongoing and challenging operating environment”. The closures will impact a likely 151 staff members of the bingo operator’s 2,500 UK workforce, to whom “Buzz is committed to supporting at this difficult time”. Media was informed that Buzz will proceed to close down its venues …
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The Racing Partnership (TRP) has revealed that Betfred will be taking up its full Greyhound Fixtures schedule from 1 April, 2023. The deal sees the bookmaker take 36 Greyhound Fixtures from TRP per week into its entire 1,365-shop retail estate. Mark Stebbings, Chief Operating Officer of Betfred, commented: “After a successful trial we are delighted to extend our coverage to …
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PA Betting Services (PABS) has extended its partnership with Flutter Entertainment, providing its horse and greyhound racing content services to the firm’s full sportsbook portfolio. The renewal of PABS’ contract with the FTSE100 sports betting and gaming group will see the long-running partnership continue until 2028, supporting the Paddy Power, Sky Bet, Betfair, Sportsbet and Sporting Life brands. Over 50,000 fixtures …
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The Betting and Gaming Council (BGC) has revealed that according to new figures, the number of people using safer gambling tools has ‘rocketed’. Lauding Safer Gambling Week, an analysis of last year’s campaign in October revealed that around 200,000 accounts set deposit limits during the month. This is an increase of 12.5% compared to the same month the previous year. …
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Entain Plc remains confident of its growth strategy and product diversification across new and established markets in 2023, after achieving broad revenue growth last year. The FTSE100 international gambling group revealed this morning that in total it achieved revenue growth of 12% in 2022 to $4.3bn (2021: $3.8bn), driving a 11% uptick in gross profit to $2.7bn ($2.4bn). Accompanying this …
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Following a three month interim period, Adam Smith will take on the position of Chief Executive Officer at FSB full-time. Smith initially stepped up to the CEO role back in December 2022, taking over from David McDowell, who has since joined the firm’s Board. In this time, the B2B sports betting and igaming supplier has taken its first major steps …
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