Sportsbook

Grupo Codere closed Q1 2023 in a strong financial position according to the firm’s latest quarterly trading update, with Latin American markets key growth drivers.  The multinational gambling group reported an year-on-year revenue uptick of 19% to €350m (Q1 2022: €283m), with adjusted EBITDA up 20% to €65m (€52m) with a margin of 19%, one percent higher than the year …

Damian Mathews has taken on additional responsibilities on the Board of Esports Entertainment Group (EEG), reassuming his former position of Chief Operating Officer. New Zealand-based Matthews has been a member of the EEG Board in a part-time capacity since June 2020 and stepped up to full-time Chief Financial Officer duties in April 2022.  In June 2022 he became COO before …

Bill 035/2022 has been approved by the Economic Commission of Chile’s Chamber of Deputies, making progress on the regulation of an online gambling framework for the country.  Initially drafted in March 2022 by the Ministry of Finance, the legislation had been referred to the Economic Commission for an inspection of its tax framework to address concerns by policy stakeholders. This …

Dan Clancy, Twitch CEO, has provided context on the streaming platform’s approach to gambling content, asserting that its focus is preventing promotion of unregulated operators. Twitch first took the decision to update its community guidelines around betting content in September 2022. From 18 October 2022, streamers on the platform are prohibited from showcasing material or advertising from unlicensed casino firms. …

Stefanos Karakidis has been announced as the new Senior Business Development Manager of Betby. In his new role, after having developed a ‘strong background in the betting industry’ Karakidis will strengthen the group’s senior sales team as it furthers its expansion across the globe. He has held a variety of roles spanning across trading, marketing, and commercial divisions for a …

Autorité Nationale des Jeux (ANJ), France’s unified gambling authority, has taken a significant step towards tackling growing concerns surrounding French sports sponsorships with gambling operators. Since the summer of 2022, an ANJ research unit has examined the landscape of French betting sponsorships in which it views a “notable 20% increase in sports partnerships with legal gambling operators – from 34m …

Odds On Compliance has achieved the next stage of its transatlantic expansion plans by launching its Playbook Europe division as a ‘comprehensive’ cross-continental regulatory database. Playbook Europe will compile regulatory information around the sports betting, igaming, daily fantasy sports and both land-based and ilottery sectors. Initially, 21 European countries will be featured, but Odds On Compliance has plans to add …

Kambi Group plc has partnered with LMG Gaming (LMGG) to provide its sportsbook to the latter’s ApuestaPR betting brand. Owned by Puerto Rican media company Liberman Media Group, LMGG’s ApuestaPR will utilise ‘unique marketing opportunities’ by combining Kambi’s APIs and marketing tools with the Teleonce television network and on-air talent, as well as celebrity endorsements. Kristian Nylén, Kambi CEO and …

FL Entertainment has highlighted the importance of its Betclic business, as the Pan-European media group maintains growth despite encountering ‘seasonal difficulties’ impacting its content and distribution units. Publishing its Q1 2023 trading update, the Amsterdam Euronext group matched corresponding 2022 revenue results of €900m. The stagnant revenue results were attributed to FL’s Content Production unit, registering a 5% decrease in …