Tag Archives: russia

Genius Sports reaffirms 2022 financial outlook against changing market dynamics

Genius Sports has reaffirmed confidence in achieving its full-year 2022 financial objectives, irrespective of ongoing market headwinds and adjustments.   Publishing its Q1 2022 trading update (period ending 31 March), Genius registered corporate revenues of $86 million, up 60% on Q1 2021 comparative results of $54 million and outperforming its ‘expected guidance’ by 10%. Headline growth was attributed to increased demand …

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Uzbekistan withdraws support for sportsbook legalisation 

Further troubles loom in the CIS region as Shavkat Mirziyoyev, President of Uzbekistan, has withdrawn his support for a decree to establish a national framework legalising betting activities.    Last week, local media reported that Mirziyoyev would no longer back plans for Uzbekistan to launch its first legislative framework establishing federal laws for ‘sportsbook and sweepstake’ services. Back in December 2019, …

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Marathonbet shuts down UK offering citing European conflict concerns

Marathonbet has this afternoon communicated that it will withdraw its presence from the UK betting market.  The pan-European sportsbook issued an email to its UK customers stating: “We regret to inform you that we have taken the decision to temporarily suspend our Marathonbet.co.uk website.” Customers were informed that from 14 April 2022, Marathonbet.co.uk will no longer accept bets or deposits, …

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Parimatch doubles down on Ukraine aid with €1.8m contribution

Parimatch Tech has doubled the amount of financial assistance it is providing to Ukraine from UAH 30 million to UAH 60 million – approximately €1.8 million. The international sports betting company has stated that it spent the first UAH 42 million: UAH 39 million on ammunition and three million on medicines, clothing, foodstuffs and logistics. The next UAH 18 million …

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Choose Love… Gaming industry joins together to raise funds for Ukrainian refugees

Organisations within the gaming industry have been working together to launch a major fundraising push to help people displaced by the current military action in Ukraine.  The Gaming Industry for Ukraine initiative aims to raise £250,000 to support Choose Love’s Ukraine Crisis Fundraiser, which supports projects providing vital aid to the refugees that are being created by Russia’s incursion into …

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Parimatch provides frontline support for Defenders of Ukraine

CIS markets betting group Parimatch has launched a UAH 30 million (€2.9m) fund to provide direct support for ‘defenders of Ukraine’ fighting against an illegal invasion by Russian armed forces. This weekend, Parimatch posted a LinkedIn statement, declaring that it would “not hide away from the conflict” and provide all help necessary to those fighting against Russia’s invasion. Parimatch outlined …

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Winning Post: Ukraine conflict is no localised tragedy…

As Western governments impose financial sanctions against Russia following its illegal invasion of Ukraine. Regulus Partners outlines far-reaching repercussions for a globalised gambling sector.  Ukraine has a thriving gambling industry, a first-rate gambling services sector, a highly educated population, and relatively transparent governance. Until the last few weeks, it was therefore an attractive country to operate from and in, regulatory …

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Clever Advertising: The ‘lean’ buying method to maximise CIS opportunity

CIS

Our job is to actively listen to the market and act on it, said Marcos Oliveira, CCO at Clever Advertising – a ‘lean’ performance media agency with a balanced business model helping sportsbook and casino operators to identify the best affiliate sites to maximise their media investment, including for emerging markets across the CIS region. SBC: First of all, can …

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Fonbet: KHL club sponsorships more than just brand placement

KHL

As the Kontinental Hockey League (KHL) season gets into full swing, Fonbet has been restructuring its approach to cooperating with the league, placing more of a focus on supporting clubs and direct sponsorships.  In conversation with SBC News, Fonbet CMO Alina Yakirevich explained that this new approach to sponsorship will be expanded across further sports, with football next on the …

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Fonbet nets Salavat Yulaev ice hockey sponsorship

Fonbet has linked with Russian ice hockey team Salavat Yulaev, as the betting company gains brand exposure through the team’s ‘largest advertising contract’. Over the next four years, the Fonbet logo will be shown ‘prominently’ on the Ufa teams’ kit, as well as around the Ufa Arena. Rinat Bashirov, Director General of Salavat Yulaev, commented: “We’re excited to have a long term agreement …

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