North America

North American news

Genius Sports reaffirms 2022 financial outlook against changing market dynamics

Genius Sports has reaffirmed confidence in achieving its full-year 2022 financial objectives, irrespective of ongoing market headwinds and adjustments.   Publishing its Q1 2022 trading update (period ending 31 March), Genius registered corporate revenues of $86 million, up 60% on Q1 2021 comparative results of $54 million and outperforming its ‘expected guidance’ by 10%. Headline growth was attributed to increased demand …

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SBC Summit North America 2023 confirmed for May in New Jersey

SBC Summit North America 2023 has been confirmed for May 9-11, when the region’s leading sports betting and igaming event will return in significantly expanded form at Meadowlands Exposition Center in Secaucus, New Jersey.  The conference and tradeshow has enjoyed strong growth since its launch in 2019 and has established itself as the place for the U.S. and Canadian online …

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EveryMatrix looks to overseas opportunities as Q1 revenue rises 14%

EveryMatrix

EveryMatrix has declared that it will accelerate the development of its house games studios and US market expansion following a strong start to year trading.   Providing a Q1 trading update, EveryMatrix declared period gross profits of €14 million, up 14% on like-for-like 2021 comparative results of €12.3 million. The increase in Gross Profit was attributed to substantial growth across all …

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WPT Global launches Poker Heroes Club led by Steve Aoki, Phil Ivey and Tom Dawn

WPT Global has announced the latest poker players and celebrity additions to its ‘Poker Heroes NFT Club‘ collection.  Developed by web 3.0 innovation studio GAMAVRS, the Poker Heroes NFT Club forms part of WPT Global’s launch as the new online poker platform of the World Poker Tour (WPT), operating in over 85 countries. NFT rewards and experiences have been placed …

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EBET attributes 166% quarterly revenue rise to European expansion

Esports betting operator EBET has reported a quarter-on-quarter revenue increase of 166%, shortly after rebranding from its former identity as Esports Technologies.  As of 31 March 2022, EBET’s Q1 revenue stood at $19 million, with a gross profit of around $7 million and a cash position of $7.1 million – figures the firm attributed to acquisitions in the European sports …

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Playtech and Paysafe partnership undergoes transatlantic expansion

Paysafe and Playtech’s partnership has expanded from the US to the UK and Europe, offering payment solutions to operators in the continent.  The transatlantic business move will see Playtech offer Paysafe’s technology platform and payment products to the European betting and gaming markets.  Specifically, Playtech’s igaming Player Management System and Information Management System platforms will be made available, allowing access …

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IGT Q1 growth stalled by global lottery pains

IGT Plc has reported financial results for the first quarter ended March 31, 2022, showing overall revenue slightly ahead despite a drop in operating income during the trading period. According to the headline figures, consolidated revenue came in at $1.1bn, up 4% as reported and 7% at constant currency, from $1bn in the prior year. Global Gaming revenue increased 42% …

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Rivalry expands into second regulated market with Australian entry

Canadian sportsbook and esports betting provider Rivalry Corp has gained market access in Australia, securing a licence from the Northern Territory Racing Commission (NTRC). The development marks Rivalry’s second market entry, building on last month’s launch in the Ontario market, and the firm has detailed it has already accepted deposits and bets in Australia.  Under the conditions of the Racing …

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GiG achieves peak media performance ahead of Sportnco revitalisation

Gaming Innovation Group (GiG) has outlined its confidence in achieving its full-year 2022 commercial and strategic objectives, following a strong start to year trading. Publishing its Q1 trading update (period ending 31 March), GiG achieved ‘all-time high’ corporate revenues of €19 million up 27% on corresponding 2021 results of €15 million. Of significance, the Stockholm Nasdaq firm underlined that all …

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Better Collective cools Spotlight Sports M&A speculation

Better Collective AS has branded UK media reports as ‘highly speculative‘ of its’ front runner interest’ in acquiring Spotlight Sports Group for £500 million. This weekend, The Sunday Times reported that private equity fund Exponent LLP, the majority investor of Spotlight Sports since 2016, had placed its racing and betting media asset ‘under starters orders‘  for a sale to be executed in …

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