Tag Archives: ontario

IGT Q1 growth stalled by global lottery pains

IGT Plc has reported financial results for the first quarter ended March 31, 2022, showing overall revenue slightly ahead despite a drop in operating income during the trading period. According to the headline figures, consolidated revenue came in at $1.1bn, up 4% as reported and 7% at constant currency, from $1bn in the prior year. Global Gaming revenue increased 42% …

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Kindred sharpens proprietary focus to counter post-covid global realities 

Kindred Group Plc remains optimistic of its long-term prospects, as short-term European market headwinds have ‘applied temporary pressure to its headline revenue and profits’.  Publishing its Q1 trading statement (unaudited period ending 31 March), Kindred registered corporate revenues of £247 million, down 31% on corresponding 2021 results of £352 million. A tough opening to 2022 trading saw Stockholm-listed online gambling …

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Kambi clears Q1 hurdles as 2022 opening is dragged by DraftKings & Dutch dramas   

Kambi Group Plc maintains confidence in achieving its 2022 commercial and operating objectives, despite a tough start to year trading.  Publishing its Q1 trading results (period ending 31 March), the Stockholm-listed sports betting technology supplier registered a 15% decline in corporate revenues to €37 million (Q1 2021: €43m). This fall in headline revenues was attributed to Kambi’s adjustment of former …

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Ontario Commission clarifies strict advertising rules on player bonuses & inducements  

The province of Ontario’s Alcohol and Gaming Commission (OAGC) has updated its guidance for marketing standards related to its online gambling regime that launched on 4 April.  The Commission seeks to clarify rules and standards related to the marketing of ‘inducements, bonuses and credits’ by third parties such as affiliates and media partners that promote Ontario licensed operators. Ontario laws …

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Entain maintains confidence in 2022 outlook but Euro headwinds blur vision

Entain Plc’s 2022 performance began in line with corporate expectations, as its business units and brand portfolio are matched against tough 2021 like-for-like comparatives.  Publishing its Q1 2022 trading update, Entain reported that group NGR was up 31%. This, it said, was supported by the return of its retail unit performance which achieved a 1,000% NGR uptake against 2021 lockdown …

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Better Collective acquires Canada Sports Betting to tighten North American grip

Better Collective AB has acquired Canada Sports Betting (CSB), completing a strategic transaction that will guarantee its publishing network presence within the province of Ontario’s online gambling marketplace that is set to launch on 4 April  Updating investors, Better Collective revealed that it had acquired all CSB related assets for a maximum purchase price of €21.4 million – of which …

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Kambi guarantees Day-1 presence for Ontario partners 

Kambi Group Plc has communicated to its North American sportsbook partners that it has secured its ‘day-1 presence’ for the launch of Ontario’s online gambling regime on 4 April  The Stockholm-listed sportsbook technology supplier has obtained its trusted supplier accreditation by provincial regulator the Alcohol and Gaming Commission of Ontario (AGCO). The approval will allow Kambi to supply its sportsbook …

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888 expands North American vision securing Ontario greenlight 

888 Holdings has significantly bolstered its North American growth prospects, confirming this morning that it is amongst the first foreign operators to secure an Ontario province licence.  Updating investors, the FTSE250 online gambling group confirmed that its B2C online gambling platform had been awarded an igaming licence by the Alcohol and Gaming Commission of Ontario (AGCO). Ontario’s online gambling market …

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Catena looks West as Euro impairments stunt 2021 growth  

Catena Media Plc has underlined its long-term growth strategy and ongoing international expansion projects, as the Stockholm-listed affiliate publisher registers a full-year 2021 operating loss of €12.7 million.  The firm’s FY2021 earnings performance was significantly impacted due to the impairment of previously acquired German and French sports media assets totalling €49 million. Headline metrics saw Catena register corporate revenues of …

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