XLMedia (XLM) has kept faith in its European and North American performance despite a slowdown in both revenue and EBITDA during H1 2023, although the media publisher stated that these results were in line with management expectations. Total revenue for the first half of the year fell by 34% from $44.5m in 2022 to $29.4m, whilst EBITDA also dropped by …
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‘Its an investment opportunity’ – Oddin.gg CEO Vlastimil Venclik on US esports prospects
The growth of esports as a betting vertical has clearly not gone unnoticed, but Oddin.gg CEO Vlastimil Venclik believes that the opportunities posed by the sector have not yet been fully grasped by some. Whilst attending the SBC Summit North America last month, Venclik sat down with SBC Media to discuss Oddin.gg’s business, particularly its esims, but also provide some …
Read More »Kindred takes ‘important step’ for North America footprint with New Jersey approval
After receiving final approval from the New Jersey Division of Gaming Enforcement, Kindred gets set to launch its proprietary platform in the state. Introducing its services to New Jersey, the Sweden-based online gambling operator aims to provide an enhanced customer experience, better analytics and improved flexibility. The platform, expected to go live in mid-May, was approved by the Division of …
Read More »‘Major boost in North America’ as IBIA takes in Fanatics Betting and Gaming
The International Betting Integrity Association (IBIA) revealed that Fanatics Betting and Gaming is joining the group. The company – which is the online and retail sports betting division of the Fanatics digital sports platform – joins more than 45 companies and 125 sports betting brands in the IBIA. “IBIA is delighted to welcome a major globally recognised brand into our …
Read More »XLMedia finds its mark in North America with $73.7m revenue projection
Having achieved broad success in 2022, XLMedia (XLM) expects its financial performance to fall in line with pre-close expectations, anticipating steady revenue growth of 9.7%. With its full year results for 2022 due for publication in March, the sports betting publishing company foresees revenue of $73.7m (2021: $66.5m) and Adjusted EBITDA of between $16.1m and $16.6m. A London AIM-registered business, …
Read More »BtoBet: US is the land of opportunity as market set to triple by 2026
The US regulated market is on target to reach “$24.3bn by 2026”, making it the largest gaming market in the world, according to a new report published by igaming and sportsbook platform provider BtoBet. In 2021, according to the study, the US sports betting and gaming markets generated $7.7bn in combined gross revenue, as more states opened up to a …
Read More »bet365 goes live in second US state following Colorado entry
Stoke-based operator bet365 has strengthened its footprint in the North American market after entering its second US state, Colorado. Having signed a 10-year agreement with Century Casinos, bettors across the Centennial State will gain access to “thousands of betting events and hundreds of in-play markets” via the bet365 site. In addition, punters will also benefit from early payout offers, parlay …
Read More »Mike Van Ermen: North American licences herald ‘exciting times’ for FSB
Entering a new regulated market requires “a lot of expertise, experience and a lot of resources” to ensure you pass the litmus tests set by regulators according to Mike Van Ermen, VP of Business Development at FSB. Not only that, he said, these processes are fundamental for establishing a trusting relationship with both new and existing partners. Speaking at the …
Read More »FSB continues US momentum with South Dakota entry
FSB has extended its reach across the North American market after receiving the necessary regulatory approvals from the South Dakota Commission on Gaming (SDCG). The green light from the SDCG will mean that FSB can offer its portfolio of sports betting services within the Deadwood city area, with plans to go live in the coming weeks. Dave McDowell, Chief Executive …
Read More »Clever Advertising: affiliation will be one of the most important acquisition channels in North America
A company with a global focus, Clever Advertising is comfortable with the ‘ever-changing’ regulatory environments and will continue to pursue expansion into new markets. That’s according to Marcos Oliveira, the company’s Chief Operations Officer, who spoke to SBC about the growing importance of affiliation, regulatory changes and the opportunities in new markets across the world. SBC: Tell us about your …
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