Entain’s leadership is adamant that it can deliver on the fronts of M&A integrations, UK regulatory adjustment and US market profitability to maintain the FTSE100 gambling group’s growth momentum and valuation. Following publication of the group’s Q3 trading results this morning in which Entain reported a 2% GGR increase, CEO Jette Nygaard-Andersen and CFO and Deputy Rob Wood answered questions …
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Scientific Games has announced the appointment of Mona Garland as Chief Human Resources Officer (CHRO) of the lottery technology and systems supplier. Garland will steer the new global HR strategy of Scientific Games, following the firm’s sell-off from Light & Wonder which saw the lottery tech group become an asset of Canadian private equity fund Brookfield Partners. The board of …
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International sportsbook and media company Rivalry expects to close 2022 in a strong position, anticipating a record Q3 betting handle. In a preliminary update, the group revealed it anticipates revenue to jump quarterly by 35% from $3.7 m to $7.1m, and year-on-year by 94% from $3.7m. Revenue expectations have been fueled by projected betting turnover of CAN $70.3m in Q3, …
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Looking ahead to a busy sporting schedule and continued international momentum, Entain has projected a full year revenue of $1.3bn, following progress in the third quarter. Issuing its Q3 trading update to investors this morning, the FTSE100 group revealed that NGR had risen by 2% from July to September, driven by 6% year-on-year uptick in customers to reach a ‘record …
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SBC Summit Latinoamérica 2022 is set to provide delegates with an overview of the region’s sports betting prospects, intricacies and innovations during the Sports Betting Innovation conference track scheduled for 3 November. Two CONMEBOL — the organisation for soccer in South America, also known as the Confederación Sudamericana de Fútbol — representatives will take the stage to discuss how the …
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Sportradar has signed its latest corporate partner, putting pen to paper on a multi-year contract with digital global betting media firm XLMedia (XLM). As official sports data provider of XLM, Sportradar will supply betting odds and insights, as XLM identifies an ‘increased demand’ for sports betting across its network of websites, in tandem with international growth. Further caveats of the …
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Light & Wonder has confirmed the promotion of Matt Wilson as President and Chief Executive (CEO) of the Global Nasdaq online gambling technology group. Wilson has served as interim CEO of Light & Wonder since August, as the group entered a leadership transition following the departure of Barry Cottle. The board of Light & Wonder has determined Wilson to be …
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Ahead of the planned launch of its first B2C sportsbook later this year, international sports betting solutions supplier Metric Gaming Group has revealed interest from a new investor. The interested party, which is unnamed but has been described by Metric as a ‘high net-worth strategic investor’, could potentially close the firm’s latest funding round in its entirety. A Las Vegas-based …
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Fast Track has strengthened its US footprint after opening its new Americas headquarters, located in Miami, Florida. The new offices, which are due to officially open their doors at the beginning of 2023, will enable Fast Track to best support its growth strategy for the North American market. In addition, a Miami Hub will bolster the firm’s “already sizable client …
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BETEGY has confirmed the appointment of Phil McIntyre as Vice President of North American Sales, tasked with the commercial development of its automated sports data services and solutions for North American partners. A seasoned sales executive within TV and media, McIntyre is a former Senior VP of Nexstar Digital and a Business Development Consultant for the digital media agency SmithGeiger. …
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