North America

Artificial Intelligence is the next major growth driver in the betting space according to  Kambi’s CEO Kristian Nylen following the group’s Q3 earnings presentation, and is an area the company intends to take strides in. As well as announcing its achievement of significant financial targets, such as a 15% increase in revenue to €42m, Kambi today revealed a new name …

Andrew Cochrane has joined Gaming Innovation Group (GiG) as Chief Business Officer (CBO) for the B2B igaming developer’s Platform & Sportsbook division. The new hire will be tasked with implementing GiG’s commercial strategies for its platform, sportsbook and AI anchored solutions covering business development, marketing, partnerships and corporate development. This will include a focus on recruitment and locating talent, whilst …

Entain Plc has outlined key initiatives to accelerate its operational strategy and improve the quality of earnings across its business portfolio.  The new plans were disclosed in Entain’s Q3 trading update, as the FTSE100 gambling group reported proforma net gaming revenue (NGR) declines across its Online and Retail units.   Q3 trading is tracked to the revised full-year EBITDA guidance of …

Sportradar AG has updated its financial guidance for 2023 following continued momentum during Q3 which saw revenue growth across its core geographic and business segments. The Swiss-based sportstech group reported overall quarterly revenue of €201m, an increase of 12% on 2022 comparatives of €178m, whilst EBITDA also rose 38% to €50.5m (€36.5m), with an increased margin of 25% up from …

Kambi Group Plc has reaffirmed its long-term commercial prospects following strong Q3 trading in which it has secured transformative agreements with Svenska Spel and LiveScore Group. Publishing its Q3 2023 trading update, the Stockholm-listed sports betting technology group achieved corporate revenues of €42m, up 15% on Q3 2022 comparatives of €37m.  Headline growth was achieved despite Kambi registering a lower …

Gaming revenue continued to be the ‘standout performer’ for International Game Technology (IGT Plc) during Q3 trading as the firm’s group-wide revenue remained stable against 2022 comparatives. The NYSE-listed gambling and lottery technology provider reported group-wide revenue for the trading period ending 30 September of $1.06bn, representing no change from Q3 last year. Total adjusted EBITDA rose 8% from $402m …

The PGA Tour has announced the suspension of two players on the Korn Ferry Tour for violating the Integrity Programme.  Vince India and Jake Staiano had placed bets on PGA Tour competitions, the tournament emphasised in an emailed statement, though they did not bet on competitions of which they were participants. India is suspended from PGA Tour-sanctioned competition for six …

Allwyn is on a mission to transform the UK’s National Lottery, the firm’s Chief Operating Officer, Jan Matuska, explained to SBC in Barcelona last month. Prior to joining a panel discussion on the lottery sector at the SBC Summit Barcelona, Matuska sat down with SBC to provide an inside view into the company’s British ambitions. “The UK is a jewel …

BetMGM has signed a new deal with Sportradar for access to products and services to be powered by official NBA optical tracking data. For the first time, the sports technology company will provide BetMGM access to ‘next-generation products and services’ that leverage NBA optical tracking data, which is provided exclusively by Sportradar through its partnership with the league.  Eduard Blonk, …

Betsson AB experienced a broadly successful third quarter of the year, with revenue growth throughout most geographic segments across both betting and casino verticals, albeit with the exception of the Nordics. Group-wide revenue rose 19% to €238m (Q3 2022: €200m) and EBITDA by 42% to €69m (€49m) with an accompanying margin of 29% (24%). This performance drove gross profit of …