North America

The International Betting Integrity Association (IBIA) has released Spanish and Portuguese language versions of its Optimum Betting Market study in recognition of the burgeoning Latin American sorts wagering sector. By updating the report, the IBIA hopes to ‘assist the development of betting regulation’ in countries in the region such as Brazil by assessing existing regulatory models in Colombia, Mexico and …

The Global Lottery Monitoring System (GLMS) has identified 358 suspicious sports betting alerts throughout the third quarter of 2021, with Europe accounting for the majority of alerts. Publishing its Q3 update, the GLMS reported that it was alerted to 169 cases of suspicious wagering activity in Europe – a trend which was demonstrated in its Q1 2021 report earlier this …

Kambi has underscored its ability to overcome potential regulatory hurdles and ‘capitalise on future opportunities’, highlighting the depth of its sportsbook offering and new M&A strategy. Publishing its Q3 trading results, the Stockholm listed sports betting technology supplier reported a quarterly year-on-year revenue increase of 48% to €41.6 million (Q3 2020: €28.1m) reflecting an 80% increase in revenue from the …

DraftKings has confirmed that it will not pursue a takeover of UK betting and gaming group Entain, putting an end to over a month of speculation and negotiation surrounding the potential merger. Despite this confirmation, DraftKings retains the right to disregard its statement should it come to further agreement with the board of Entain, if a third party makes a …

Betsson AB has maintained confidence in its sports betting operations, with revenue in the sector offsetting a decline in casino, whilst also lauding its acquisitions strategy but acknowledging hurdles in the newly regulated Dutch market. Publishing its Q3 trading update, the Nasdaq Stockholm registered group reported overall revenue of SEK 1,733.3 million, representing a 3% increase on the corresponding quarter …

Having reviewed the monthly revenue stats of US wagering’s current ‘big-3’ states New Jersey, Pennsylvania and Michigan. Regulus Partners warns that bonus-inflated metrics are not an effective measure to gauge the total addressable market (TAM) of a disrupted US gambling marketplace… September marks a seasonal return of US sports as well as a Northern hemisphere seasonal uplift in igaming activity. …

Two international investment firms are reportedly interested in acquiring Scientific Games Corporation’s (SGC) lottery divisions, according to Bloomberg. Citing ‘people familiar with the matter’, the outlet reported that Brookfield Asset Management Inc.’s private equity arm and Apollo Global Management Inc are interested in purchasing the Nasdaq-registered igaming provider’s lottery unit. SGC disclosed that it would pursue a ‘strategic divestment’ of …

TAB has moved to strengthen its brand visibility in its home market, becoming the official wagering partner of the National Basketball Association (NBA) in Australia. The partnership will see TAB and the NBA collaborate on production of an Australia-facing version of the league’s betting focused alternate telecast, NBABet Stream, marking the service’s debut outside of the US. Additionally, TAB will …

Nigel Eccles, the co-founder of FanDuel, has announced the launch of his new business venture BetDEX Labs – a decentralised sports betting exchange built on the blockchain rails of Solana (SOL).  BetDEX is co-founded by Eccles and former FanDuel senior engineers Varun Sudhakar (CEO) and Stuart Tonner (CTO).   Eccles posted on LinkedIn that the venture would be welcoming FanDuel Director …

SIS (Sports Information Services) has appointed Dr Laila Mintas and Giovanna D’Esposito as Non-Executive Directors, in order to ‘support its international expansion’. The multi-channel 24/7 live betting services supplier has detailed that both appointees have ‘many years’ experience’ at leading data and technology companies, and will ‘add significant strength’ to the company’s board. On the European side of operations, D’Esposito …