Leadstar Media Director of Operations Jacob Ljunggren chats to SBC News about being an affiliate in Latin America, and how marketing regulations can impact the firm’s operations. SBC News: What is Leadstar Media’s operational strategy in Latin America and what markets do you operate in that region? Our operational strategy remains consistent across all the markets we enter. The goal …
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Better Collective pledges H2 EBITDA recovery & US profit comeback
Better Collective A/S maintains confidence in achieving its upgraded full-year financial objectives, despite reporting flat EBITDA results during Q2 trading. Publishing its Interim H1 2024 accounts, the Stockholm and Copenhagen joint-listed iGaming media group’s year-to-date revenues stand at €194m, up 17% on 2023 YTD comparatives of €166m. Revenue growth was maintained by Better Collective, generating a 27% increase in Q2 …
Read More »SBC Summit: SBC First Pitch Competition Shortlist Revealed
SBC has revealed the five startups that have been selected as finalists for the SBC First Pitch competition, which will be part of the upcoming SBC Summit this September. The competition, sponsored by Soft2Bet Invest(headline sponsor) and White Swan Data (premium sponsor), is scheduled for Tuesday, 24 September, and will be part of the ‘Global Leadership’ track, hosted at the …
Read More »Ebbe Groes: FSB Technology deal takes our sports offering to next level
SBC News sits down with Ebbe Groes, EveryMatrix CEO, in the wake of the supplier’s undisclosed all-cash deal for FSB Technology. Groes outlines how the deal will bolster its presence in the UK and boost its OddsMatrix platform, while he also divulges the firm’s future M&A plans. EveryMatrix acquired FSB Technology in July this year, its third acquisition in three …
Read More »Montenegro to review tax charge on player winnings as gambling remains ruptured
Montenegro’s gambling sector faces likely fiscal changes as the Ministry of Finance endorses a 15% tax charged on customer winnings. The government of Montenegro has received proposals to amend articles of the Personal Income Tax and the Law on Games of Chance to apply the tax charge sought by the Ministry of Finance. The proposal carries the “dual goals of …
Read More »KSA outlines technical criteria for new KOA deposit limits
Kansspelautoriteit (KSA), the Netherlands Gambling Authority, has specified all technical requirements related to the new protective measures that will be adopted by the Remote Gambling Act (KOA Act) starting from October 1. As sanctioned by the Kamer, from October 1, all KOA licensees must incorporate the measures of a ‘new protective scheme,’ with the primary aim of reducing compulsive gambling …
Read More »Rank Group pays out dividend as business returns to profits
Rank Group Plc reaps the benefits of its business transformation programme, as all units contribute to corporate growth despite remaining pressures. Publishing its preliminary 2023/2024 results for the 12 months ending 30 June, the LSE gambling group has reported a 9% increase in net gaming revenues (NGR) to £734m (FY2022/23: £671m). Of significance, the year’s accounts detail that like-for-like underlying …
Read More »Flutter triples Q2 net profits on disciplined US and UK growth
Flutter Entertainment Plc celebrates ‘excellent Q2 trading’, as leadership raises its full-year fiscal guidance for its US business and the wider Group (excluding US) performance. Publishing its Q2 accounts, the NYSE-listed gambling group highlighted that it “outperformed all market consensus”, generating corporate revenues of $3.6bn, up 20% on 2023 comparatives of $3bn. Headline growth was underpinned by Flutter’s portfolio of …
Read More »Sportradar accelerates towards breaking €1bn revenue mark
Sportradar AG trades with confidence as leadership anticipates breaking the €1bn revenue mark for full-year trading, achieving a corporate milestone since its listing on the Global Nasdaq Exchange in 2021. The Nasdaq sports and betting technology group published its financial results for Q2 trading, registering a 29% year-over-year revenue growth from €216.4m to €278.4m, a difference of €62m. Adjusted EBITDA …
Read More »SPFL and William Hill – a deal that ‘goes beyond traditional football sponsorship’
With football’s relationship with the gambling industry under immense pressure in the UK, the Scottish Professional Football League (SPFL) has decided to take its own route regarding such sponsorships. The SPFL ‘shouldn’t be stuffy about gambling,’ according to its CEO Neil Doncaster, who recently described partnering with UK-based William Hill as an ‘obvious fit’. Emphasising however that he agrees with …
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