North America

North American news

Parvus activist fund builds shareholding in Flutter Entertainment

Flutter Entertainment Plc has disclosed that London activist fund Parvus Asset Management has built a 7.1% shareholding in the FTSE100 betting group. The activist’s shareholding was brought to the public’s attention, as Flutter informed investors that Parvus had reached its ‘7% threshold on voting rights’ that required disclosure to markets. Parvus’ 7.1% shareholding has been built by ‘way of equity …

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FanDuel’s Amy Howe to participate in keynote fireside chat at SBC Summit North America

—– Howe to be interviewed by CNBC host Contessa Brewer —- Amy Howe, the CEO of FanDuel, will discuss the current state of play and her vision for the future of mobile gaming during a special keynote session at July’s SBC Summit North America 2022 conference and tradeshow. FanDuel Group is the largest mobile gaming operator in North America across …

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Betting and gaming industry’s biggest brands head SBC Awards North America shortlists

The SBC Awards North America 2022 will see the biggest brands in sports betting and gaming compete for the top prizes, with BetMGM, Caesars, DraftKings, FanDuel, Penn Interactive, PointsBet, and Rush Street Interactive all making the shortlists announced today. The winners of the 27 operator, supplier, and affiliate categories will be announced in front of an audience of 600 senior …

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Coolbet joins IBIA following Canadian licence approval

Coolbet has joined the International Betting Integrity Association (IBIA) following its approval to offer online gambling services in Canada. Part of the Vincent Group acquired in 2021 by GAN – a North American B2B and B2C internet gambling company – the operator also holds operating licences in Malta, Sweden and Estonia. Endre Nesset, Senior Vice President of Global Sports at …

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Catena initiates strategic review following acquisition interests

Catena Media has acknowledged that there has been interest from third party businesses seeking to acquire some of its assets. The betting affiliate and publishing group has noted particular interest in its financial trading segment, the ‘Ask Gamblers’ flagship casino brand and ‘certain other’ areas of its global operations.  Addressing the third party interest in its business, Catena’s strategic review …

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Sportradar positive of year outlook despite mounting operational costs

Sportradar AG has outlined confidence in achieving its full-year 2022 commercial and US growth objectives following a ‘fast start to year trading’.  Publishing its Q1 trading results (period ending 31 March), the Global Nasdaq-listed sportstech firm registered group revenues of €168m up 31% on corresponding 2021 results of €128m. Period trading saw Sportradar register double-digit revenue growth across its core …

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Light & Wonder outlines hard targets for new 2025 vision  

Light & Wonder Inc, the new corporate identity of a transformed Scientific Games Corporation (SGC), has outlined to investors its objective of achieving a $1.4 billion EBITDA target by 2025. The 2025 earnings target declared to investors will require Light & Wonder to match a compound annual growth rate (CAGR) of 15%. The Nasdaq technology group, which during Q1 trading …

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Catena targets North America as Europe poses challenges in Q1 earnings

Catena Media has detailed a ‘solid quarter’ across during Q1 2022, as the group’s revenues increased by 11% year-on-year, driven by continued expansion in North America.  Updating investors, the gambling affiliate and media publishing group announced revenue of €45.2 million (2020: €40.7m), whilst EBITDA rose by 2% to €25.6 million (€20m), albeit with a decreased margin of 57% (61%). Revenue …

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SBC Leaders latest issue goes live with new dedicated Canada section

The latest issue of SBC Leaders Magazine, number 20, is published this week with a brand new addition to the editorial format. In keeping with the magazine’s remit to pursue news and developments in new markets, it now includes a dedicated Canada section. Kicking off proceedings is an interview with Shelley White who shares her journey into the betting industry …

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