North America

North American news

MGM Resorts targets earnings swing of $250m for BetMGM in 2025

SBC News MGM Resorts targets earnings swing of $250m for BetMGM in 2025

MGM Resorts has provided a strategic update on the financial performance of the BetMGM (US) joint venture partnership with Entain Plc, in which the partners mark 2024 as “a year of investment to strengthen its online offering.” The update underscored the view that the BetMGM joint venture is progressing towards “break-even” despite reporting a full-year EBITDA loss of $244 million, …

Read More »

Nigel Eccles, BetHog: Crypto & iGaming is a marriage of equals

SBC News Nigel Eccles, BetHog: Crypto & iGaming is a marriage of equals

Technologist Nigel Eccles, the founder of FanDuel, believes that iGaming must accept that cryptocurrencies will spearhead the industry’s next evolution. His judgement is grounded in “the combination of over $3trn in crypto assets currently held by people worldwide, the portability of cryptocurrencies, and the innovative nature of crypto casino operators making the outcome inevitable”. Yet, Eccles is bemused that crypto …

Read More »

Belgium blocks Polymarket as blacklisted website

SBC News Belgium blocks Polymarket as blacklisted website

Kansspelcommissie, the Gambling Authority of Belgium, has added Polymarket to its blacklist of illegal gambling websites as of 30 January 2025. Belgian news sources report that the Authority has determined Polymarket to be non-compliant with the Gambling Act of Belgium. Polymarket is reported to have failed to respond to three separate warnings issued by the Kansspelcommissie, which subsequently submitted a …

Read More »

Kambi expands Americas footprint with Nevada licensing approval

SBC News Kambi expands Americas footprint with Nevada licensing approval

Kambi Group plc’s application for a number of gaming licences have been approved by the Nevada Gaming Commission.  The sports betting solutions provider has strengthened its position in the Silver State’s regulated betting market with a set of Manufacturer and Distributor licences, as well as an Information Services license – which were granted following a unanimous recommendation by the Nevada …

Read More »

All-in Diversity Project changes Index research to account for all gambling organisations

SBC News All-in Diversity Project changes Index research to account for all gambling organisations

The industry non-profit All-in Diversity Project (AiDP) has reshaped the ‘methodological evolution’ of its All-Index to provide a deeper report and analysis on the inclusivity of the global gambling workforce. Since 2018, AiDP has reported on the composition of the global gaming workforce and the development and challenges of diversity, equality, and inclusion (DEI) through the All-Index. For its forthcoming …

Read More »

Super Group: 2024’s Q4 ‘record’ momentum continuing in 2025

SBC News Super Group: 2024’s Q4 ‘record’ momentum continuing in 2025

Super Group, the parent company of Betway, has announced that its Q4 2024 is expected to come back as its strongest ever ex-US quarter. Total Revenue hit approximately €486, and Adjusted EBITDA, a non-GAAP financial measure, of between €125m and €130m.  During the quarter, the group projects to have set a number of new monthly ex-US records, with December being …

Read More »

Scientific Games announces retirement of industry veteran Joe Bennett

Entain

Joe Bennett, VP of US Operations for Instant Products at lottery technology provider Scientific Games (SG), will step down from his role this April.  This was announced by SG themselves, in a LinkedIn post where it was additionally revealed that the position will be filled by Bryan Murphy – with the company expecting a “seamless transition” non-disruptive to the 70% …

Read More »

NBA star joins Sportsbet.io as ambassador in two year deal

SBC News NBA star joins Sportsbet.io as ambassador in two year deal

Sportsbet.io has announced that the NBA’s Tristan Thompson has become its latest global ambassador. For the next two years, the Cleveland Cavaliers center and 2016 NBA Championship winner will look to bring his playing experience and ‘passion for cryptocurrency’ to the Yolo Group-owned brand. Meanwhile, the Canadian player will also be sharing his views on the latest action for Sportsbet.io, …

Read More »

MetaBet enters US-facing sports betting deal with Gentoo Media

SBC News MetaBet enters US-facing sports betting deal with Gentoo Media

Sports betting engagement provider MetaBet has expanded its audience reach by teaming up with affiliate firm Gentoo Media. As per the deal’s conditions, Metabet will integrate its sports betting widgets into two of Gentoo’s flagship websites – World Sports Network (WSN) and Time2play.  The widgets have the ability to nurture engagement, increase sportsbook conversions, as well as maximising affiliate revenue. …

Read More »

Genius Sports reaffirms 2024 guidance and cashflow positive NYSE status

SBC News Genius Sports reaffirms 2024 guidance and cashflow positive NYSE status

Genius Sports has reaffirmed its 2024 full-year guidance, achieving its IPO objective of generating positive cash flow on the NYSE. The company expects revenues of $511m and an adjusted EBITDA of $86m, exceeding its earlier Q1 guidance of $480m in revenues and $75m in adjusted EBITDA. Genius Sports has strengthened its position in the US market by renewing contracts with …

Read More »