Gambling.com Group has raised its full-year guidance as Q1 financial results outperform all business expectations. A strong opening to 2023 trading saw Gambling.com’s corporate revenues stand at $26.7m, up 36% on previous year comparatives of $19.5m. Headline growth was attributed to the continued expansion of Gambling.com North American portfolio which generated a revenue contribution of $14.1m. Period highlights saw the …
Read More »
Catena Media Plc maintains confidence in its corporate reorganisation and long term growth targets, despite a difficult start to year trading, dragged by underperforming US results. Publishing its Q1 2023 trading update, total group revenue from continuing operations stood at €35m, down 5% on corresponding 2022 results of €37m. Period trading saw Catena’s North American unit impacted by a 2% …
Read More »
Flutter Entertainment Plc reports on a very positive opening to 2023 trading, as corporate governance prepares the FTSE100 gambling group for its dual listing in the US to be executed by Q4 2023. Headline Q1 trading results saw Flutter’s enlarged global brand portfolio service over 12.3m average monthly players (AMPs), as group revenues stood at £2.4bn up 46% on corresponding …
Read More »
Playtech Plc will make its ‘US retail debut’ in Ohio having struck a new betting terminals supplier partnership with Gold Rush LLC. The FTSE250 technology group will supply its retail kiosk terminals and management systems to 50 Ohio-based Gold Rush Gaming and Amusement locations. Dealmakers seek to activate the partnership ahead of this Sunday’s Super Bowl LVII final featuring the …
Read More »
Kambi Group Plc has secured a further US sportsbook partnership, becoming the on-property wagering technology provider of Ohio state’s Miami Valley Gaming and Racing. Operating since 2013, Miami Valley Gaming is the Ohio racetrack joint-venture property of Churchill Downs and Delaware North Companies. The partnership comes as Ohio, the seventh largest state in the US, launched regulated sports betting for …
Read More »
Four months following the repeal of PASPA, intriguing partnerships have flourished as US and European gambling enterprises form strategic alliances seeking to crack world sports’ biggest market. Chris Murphy Editor of SBC Americas details US betting’s early movers, and why they will likely collide against old influencers… ________________ Last time we reviewed the newly regulated American sports betting market I described …
Read More »
Smarkets betting exchange has revealed that one of its customers pocketed £165,000 after successfully trading on the US presidential race. Having been given just a 10% chance of success midway through the election night, Republican candidate Donald Trump secured victory in the race to the White House after a shock victory in Wisconsin put him over the required 270 electoral college …
Read More »
Paddy Power has suffered its biggest ever political payout, after being hit for over $4.5 million by customers who backed Donald Trump to become the 45th US President. The Irish bookmaker is counting the costs of its decision to pay out £800,000 on a Hillary Clinton victory back in October. Aided by the reopened FBI investigation into Clinton’s use of …
Read More »
SBC News Voice of the Sports Betting Industry