Kindred Group has this morning published its Q1 2020 trading update stating that its business model has shown its ‘resilience against COVID-19’s exceptional circumstances’. The Stockholm-listed operator recorded a strong opening to 2020 trading, with group revenues ‘returning to double digit growth’ with the group reporting a 11% increase to £250m (Q12019: £224m). During Q1, Kindred detailed that all core markets …
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Sports betting platform and systems provider Kambi Group has attributed a period of sustained growth to a ‘strong soccer performance’ and continued US expansion. Publishing its Q1 report for the three month period ended 31 March 2020, Kambi noted a 33% increase in revenues, rising from €21 million in Q1 2019 to €27.9 million. Despite a reduced sports schedule from …
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Sports data and content supplier Sportradar has reported an increase in its delivery of sports content and coverage despite the lack of live sports globally due to COVID-19. Despite the global shutdown on live sports, Sportradar’s Live Odds coverage is up 30%, while Live Data is up 20% compared to this time last year, largely driven by its addition of …
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Mandatory weekly deposits and caps on bonus offers are due to be rolled out across Sweden from 1 June until the end of the year, as part of the country’s new coronavirus-led online gambling restrictions. Sweden’s Minister for Health and Social Affairs Ardalan Shekarabi has proposed that weekly deposits are limited to SEK5,000, with a SEK100 cap on bonus offers. …
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Betsson AB has reported a strong opening to 2020 trading, as the company moves to significantly expand its B2C portfolio and sportsbook capacities. Publishing its Q1 2020 trading update for the three month period ending 31 March, Betsson recorded group revenues of SEK 1,417m (€130m) – up 7% on corresponding Q1 2019’s SEK 1,333m. Betsson attributed growth during the period …
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Betclic has launched its first interactive live streaming event ‘Betclic Game Changer’, seeking to maintain and further expand its Portuguese market profile during lockdown. The bookmaker’s interactive series has been co-developed by Lisbon-based ‘live engagement’ agency New Collective, organisers of Portugal’s popular ‘Revenge of 90s’ youth culture events. The interactive series will debut this weekend, live-streamed across Betclic Portugal’s social …
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As COVID-19 continues to change the regulatory landscape across the globe, the betting sector plays a key role in evolving and adapting AML procedures for all high-risk businesses. Speaking to Payment Expert, William Hill’s Group Director of AML Steven Armstrong emphasised the importance of the industry’s ability to pull together when it comes to AML innovation. Armstrong stated: “As an industry, …
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RPM Gaming has strengthened its gaming portfolio after securing a new global distribution agreement with Design Works Gaming (DWG). Under the terms of the new agreement, RPM Gaming will help DWG broaden the distribution of its games and promotional tools across international markets, both mature and emerging, through its network of platforms and operators. Richard Thorp, Director of RPM Gaming, …
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Major sporting events across Ireland are to face further setbacks after the Irish government confirmed that all mass gatherings of over 5,000 people will be banned until 1 September. The new restrictions will impact the 2020 All-Ireland championships, the League of Ireland, racing festivals and a number of other sporting events. Issuing a statement, government sources have said that local …
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The Parliamentary All Party Betting & Gaming Group (APBGG) has confirmed that it has launched its review of the Gambling Act 2005, pre-empting the review to be launched by the Department for Digital, Culture, Media & Sport (DCMS). The review, which will take place online, will consider written evidence from industry stakeholders and hold a series of meetings with experts …
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