Gaming Innovation Group (GiG) has achieved record-breaking financial results as the tech group moves to split its platform and media units into standalone businesses in 2024. Publishing its Q4 and full-year 2023 results this morning, GiG concluded its final quarter as a combined sportsbook platform and igaming media supplier, achieving ‘all-time high’ revenues of €35.6m, up 37% on the corresponding …
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Yolo Group joins IBIA ahead of anticipated Brazilian market launch
Yolo Group has become the latest member of the International Betting Integrity Association (IBIA). The company – established in 2014, now with offices in Estonia, Malta, Brazil, Australia and Guernsey – will see its Sportsbet.io brand feed into IBIA’s global integrity monitoring network. Khalid Ali, CEO of IBIA, stated: “I am delighted to welcome Yolo Group to the association. Yolo …
Read More »BGC in search for new Chief Executive
The Betting and Gaming Council (BGC) has announced that it is seeking a new Chief Executive. As the organisation enters its fifth year, it emphasised the need to find someone who can ‘lead and inspire the industry’, as well as ‘further build trust and confidence in the UK gambling sector’ – both within the industry itself and with external stakeholders. …
Read More »Betfair sees odds plunge on hazy Joe’s re-election
Betfair Exchange has released data on Joe Biden’s chances of re-election as US President – with the odds dramatically plummeting after an official report found the 81-year-old has a ‘hazy memory’. Biden’s odds have drifted out to 14/5 from 2/1, the operator revealed, with the President insisting ‘I know what the hell I’m doing’ and ‘my memory is fine’ in …
Read More »LeoVegas executive Niklas Lindahl departs as Global CMO
Niklas Lindahl has announced that he has ended his tenure as Global Chief Marketing Officer (Global CMO) of LeoVegas AB. The announcement was made via a LinkedIn post, in which Lindahl thanked LeoVegas colleagues for “the most amazing 5 years in my career. It has been a great ride. I will miss you all. LeoVegas is a one-of-a-kind company. Having …
Read More »3ET inks PandaScore deal to unveil new esports offering
Esports betting odds provider PandaScore has signed a new partnership with 3ET owner, Eurasia Sports Limited. As a football and US-focused sports betting operator, the deal will allow 3ET to venture into the world of esports betting by leveraging PandaScore’s odds feed solution that covers three of the biggest esports – CS, Dota2 and League of Legends. Robert Cruickshank, Director …
Read More »Colombia to debate tax increase on online gambling
The Senate of Colombia (upper house) has confirmed that tax measures on online gambling will be reviewed to support the government’s plans to overhaul the nation’s public welfare and healthcare systems. Debates are scheduled to begin this week on Friday, February 16, led by Senator Antonio Correa of Partido de la Union. In 2016, Colombia modernised its Gambling Act (2001) …
Read More »Flutter UKI on the lookout for startups to boost female gaming offering
Flutter UKI has launched a search for a ‘high potential’ startup to help serve its female customer base across the UK and Ireland. Part of the Alpha Hub programme, Flutter’s endeavour will see its flagship brands Sky Betting and Gaming, Paddy Power, and Betfair try to capitalise on recent data suggesting that female players are a promising demographic for long-term …
Read More »DAZN welcomes Courtside 1891 in enhanced basketball offering
DAZN has announced that the International Basketball Federation (FIBA) is bringing its live streaming service, Courtside 1891, to the platform. Increasing the visibility of FIBA World Cup and Qualifier games, DAZN will partner with FIBA and Two Circles to bring Courtside 1891 as a standalone offering on its platform. In addition to FIBA World Cup and Qualifier games being accessible …
Read More »BetMGM revenue flies near $2bn mark in 2023
Entain plc’s and MGM Resorts’ North American co-venture BetMGM has delivered its financial performance report for FY 2023, registering a positive EBITDA for H2. Financials The business saw its net revenue from operations grow by 36% year-over-year to $1.96bn, which represents the upper end of its $1.8bn to $2bn guidance range. Same-state net revenue from digital operations grew by 14%, …
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