Featured News

News that the SBC Team choose to highlight

Nigeria’s House of Representatives corrects “ban misconceptions” on sports betting debate

SBC News Nigeria’s House of Representatives corrects “ban misconceptions” on sports betting debate

Rep. Kelechi Nwogu of Nigeria’s People’s Democratic Party has issued a correction to the widely circulated news that the House of Representatives is making moves to ban sports betting in the West African nation.  The House of Representatives held a plenary meeting in Abuja last week where it directly addressed the National Lottery Regulatory Commission (NLRC), which is in charge …

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DSWV: Interstate deficiencies will be exposed in critical summer for German sports 

DSWV President, Mathias Dahms,

Deutscher Sportwettenverband (DSWV), Germany’s Sports Betting Trade Association, has called on Bundesländer (state authorities) to back its call for a “realignment of regulations in 2024”. The trade body has urged Germany’s 16 federal states to face the deficiencies of the Fourth Interstate Gambling Treaty (GlüNeuRStv), the framework that has re-regulated the country’s online gambling marketplace since July 2021. 2023 was …

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FDJ maintains growth as lotto loses shine in 2023

SBC News FDJ maintains growth as lotto loses shine in 2023

Groupe FDJ lauds its improved operating efficiencies to overcome a year of stagnant results in its flagship Française des Jeux (FDJ) lottery offering. This morning, the Paris Euronext gambling group published its full-year 2023 accounts, declaring corporate revenues of €2.61bn, up 6% on FY2022 comparative income of €2.46bn. Corporate leadership underlined new efficiencies achieved in 2023, as FDJ’s recurring EBITDA …

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Betsson rewards investors €89m dividends to celebrate Jubilee 2023 results 

Betsson AB CEO Pontus Lindwall

Betsson AB has proclaimed a second successive year of record-breaking financial results and KPIs as it celebrates its 60th year in business. Publishing its full-year 2023 results this morning, the Stockholm-listed gambling group’s corporate revenues stood at €948m, up 22% on FY2022 results of €777m. Year trading saw the firm register a 60% increase in EBITDA to €262m (FY2022: €173m) …

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BoyleSports: A refined horse racing relationship and navigating Irish regulatory change

SBC News BoyleSports: A refined horse racing relationship and navigating Irish regulatory change

Vlad Kaltenieks, CEO of BoyleSports, outlines the operator’s strategic vision to enhance fan engagement in horse racing, potential challenges or opportunities arising from the new Irish regulatory Bill and the overall importance of the sport in the country. SBC: Is horse racing BoyleSports’ primary sports sponsorship focus in Ireland or does it form part of a multi-dynamic marketing strategy?   VK: …

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GiG nails down standalone records ahead 2024’s tech & media split 

SBC News GiG nails down standalone records ahead 2024’s tech & media split 

Gaming Innovation Group (GiG) has achieved record-breaking financial results as the tech group moves to split its platform and media units into standalone businesses in 2024. Publishing its Q4 and full-year 2023 results this morning, GiG concluded its final quarter as a combined sportsbook platform and igaming media supplier, achieving ‘all-time high’ revenues of €35.6m, up 37% on the corresponding …

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Catena bets on Tech & AI upgrades to overturn dire FY2023 results

Catena Media

Catena Media Plc has initiated an extensive internal investment programme to advance its tech platform and AI capabilities, as investors are warned that challenging trading conditions will continue until the second half of 2024. The Stockholm-listed igaming media group published its full-year 2023 results, reporting a dire close to year trading, registering Q4 revenues of €14.5m, a decrease of 41% …

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Weerwind faces pressure to impose a universal loss limit on KOA operators

Franc Weerwind, Dutch Minister for Legal Protections

Further restrictions on online gambling are under discussion in the Netherlands, as the ChristianUnie (Christen Union) urges the Minister for Legal Protection, Franc Weerwind, to propose the addition of a ‘universal financial loss limit’ to the Remote Gambling Act (KOA Act). The proposal for imposing an “overarching loss limit” across all 27 KOA-licensed operators has the endorsement of CU Party …

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Kindred counts cost of US withdrawal as FDJ demands Norway exit ahead of takeover

Nils Andén, Kindred CEO

Kindred Group Plc will continue to prioritise enhancing operating efficiencies and cost controls, with shareholders set to vote on the future of the Stockholm online gambling group. The focus on cost controls is required as Kindred published its Q4 and full-year 2023 results this morning, revealing period corporate losses of £19m (Q42022: £52m). Full-year accounts see profits ‘before tax’ decline …

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