The latest report from the International Betting Integrity Association (IBIA) has revealed that football and tennis remain at high risk from suspicious betting. Data for Q1 2024 showed that out of 56 total alerts, 24 and 18 were from football and tennis events respectively, accounting for 43% and 25%. Alerts increased overall during the quarter, up 65% on Q4 2023 …
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Betsson AB opens 2024 trading by achieving its ‘highest income generating quarter’, ahead of a busy summer of sports for its global brand portfolio across all geographies. The Stockholm-listed online gambling group trades with confidence as Q1 revenues stand at a peak €248m – up 12% on 2023 comparatives of €221m. Headline revenues reflect a record customer activity of its …
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Craig Felenstein has been confirmed as the latest addition to Sportradar’s C-level leadership team, taking on the role of Chief Financial Officer (CFO). Due to commence his tenure on 1 June, Felenstein will take the leadership role across Sportradar’s global finance, accounting and investor relations teams. He will be charged with leveraging his 30-year experience in finance, including tenures at …
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Lottomatica SPA has completed its €640m acquisition of SKS365 to become Italy’s largest omnichannel gambling group. Initiated in November 2023, Lottomatica agreed to terms with Malta365 Holdings to acquire all Italian properties and assets of SKS365. Striking a €640m deal, Lottomatica will take ownership of SKS365’s 1,000 betting shops and points operating across Italian provinces. Boosting its retail presence, Lottomatica …
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Kindred Group CEO Nils Andén has played down the risk of online slots being banned in the Netherlands or that Dutch market KOA uncertainties will derail the €2.6bn bid from Français des Jeux (FDJ) as recommended to investors. Speaking during the group’s Q1 call with analysts this morning, Andén said the recent proposal to ban online slots was just “a motion, so ultimately …
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Kambi’s latest commercial performance report has painted a strong start to the year, with elevated commercial expectations for Euro 2024. Net cash was at €46m compared to the €61.2m in Q1 2023. According to David Kenyon, CFO at Kambi, this balance sheet is enough to give customers assurances that Kambi “is here for the long haul”. Kenyon also suggested the …
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OpenBet is to supply its scalable betting engine and advanced trading system to Australian wagering giant Tabcorp. As the operator pursues growth plans, OpenBet will integrate a series of online and retail products including its fixed-odds betting platform and trading system for its content portfolio, to help amplify the offering for Tabcorp’s flagship brand, TAB. Cathryn Lai, Chief Commercial Officer …
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How to lead a company from an unpromising situation to market leadership is a secret most betting and gaming industry executives would love to learn. In Issue 30 of SBC Leaders magazine, FanDuel President Christian Genetski gives readers the inside track on how he and his colleagues managed to do just that. In a revealing interview to mark Genetski’s imminent …
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Kindred Group Plc has detailed a ‘solid start’ to the year’s trading, maintaining focus on growth in core European markets and Australia. Publishing its Q1 2024 trading update, the Stockholm-based online gambling group’s Q1 revenues stand equal with 2023 comparatives of £307m. Period trading reflected marked improvements in the Netherlands (+24%) and the UK (+20%), as Kindred’s Western Europe segment …
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Checkd Group has appointed James Prosser as the technology-led sports betting specialist’s new Growth Consultant. The move is designed to boost revenue generation potential ahead of a big summer for football, as Checkd asserted Prosser will be bringing a ‘fresh and innovative approach’ to product and content. Alex Beecham, Managing Director at Checkd Media, commented: “James’ addition to our team …
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