Tag Archives: Stockholm

GiG strengthens sportsbook profile as recovery blossoms

SBC News GiG strengthens sportsbook profile as recovery blossoms

Following four consecutive quarters of decline, a reformed Gaming Innovation Group (GiG) has welcomed a return to performance growth. As part of its Q1 2020 trading update, the Stockholm-listed online gambling technology supplier explained that it is benefiting from a group transformation and cost savings programme implemented during 2019, as corporate revenues return to €31m (Q1 2019: €32m). Operational highlights …

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Catena Media praises cost-efficiency programme in strong Q1 report 

SBC News Catena Media praises cost-efficiency programme in strong Q1 report 

Catena Media said it has been able to navigate first-stage COVID-19 business complexities, as the company recorded a strong opening to year trading.  Reporting top-line growth across all core metrics, Stockholm-listed Catena recorded a 2% increase in corporate revenues to €26.7 million (Q12019: €26.1m).  Revenue performance was maintained by its casino segment, which contributed 61% of revenues during first quarter …

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Kindred suspends dividend payouts to protect company’s liquidity

kindred

Stockholm-listed Kindred Group Plc has reported a strong start to 2020 trading as part of a corporate update on COVID-19 developments but has been forced to suspend dividend payments as a result of the outbreak. Despite facing unprecedented circumstances, Kindred has forecasted group gross win revenues within the £247-252 million range, maintaining growth against Q1 2019’s £225 million.  This is …

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GiG lists SEK 400m bond on Stockholm Nasdaq

SBC News GiG lists SEK 400m bond on Stockholm Nasdaq

The governance of Stockholm-listed Gaming Innovation Group (GiG) has confirmed that it has secured the right to float a new SEK 400 million (€40m) bond placement with interest repayments due for  2022. Issuing a corporate filing, GiG governance details that it will begin trading its new bond arrangement on the Stockholm Nasdaq Exchange on 27 December 2019. GiG’s transaction has …

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GiG calls for a strategic review as B2B performance flops

SBC News GiG calls for a strategic review as B2B performance flops

Mirroring industry-wide trends, Stockholm-listed Gaming Innovation Group (GIG) reports that Swedish home market adjustments continue to impact its corporate performance. Publishing its Q3 2019 trading update (period ending 30 September), GiG records a 20% decline in corporate revenues to €30 million (Q32018: 37m). Closing October trading, GiG governance issued a Q3 pro-forma guidance detailing that it had been forced to reduce …

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Betsson moves on full CSR transparency by launching OneBetsson.com

SBC News Betsson moves on full CSR transparency by launching OneBetsson.com

Betsson AB has launched onebetsson.com, a new information portal detailing full transparency on the firm’s social responsibility directives and sustainability initiatives. Onebetsson.com will allow the public to access information and maintain progress on Betsson’s ongoing social commitments, partnerships, action plans and corporate social responsibility directives. Launching a key platform, Jesper Svensson, CEO for Betsson Operations, said: “At Betsson, we have …

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Tax burden weighs heavy on Betsson Q3 trading

SBC News Tax burden weighs heavy on Betsson Q3 trading

Stockholm-listed Betsson AB reports a further trading quarter of corporate adjustments, as the online gambling group continues to experience multiple challenges across its core operating markets. Publishing its Q3 2019 trading update (period ending 30 September), Betsson continues to report ‘weak trends’ across Sweden and the Netherlands, recording an 11% decline in group revenues to SEK 1,275 million (Q3 2018: SEK …

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Scout Gaming launches Betflex ‘DFS Player Odds Sportsbook’

SBC News Scout Gaming launches Betflex 'DFS Player Odds Sportsbook'

Stockholm-listed B2B fantasy sports supplier Scout Gaming advances its wagering capacity announcing the launch of ‘Betflex’ its proprietary built ‘player odds sportsbook’ function and ‘cross-selling tool’ on partner website FanTeam.com. Developed to advance partner cross-sell opportunities with traditional betting engagements, Scout Gaming launches its Betflex vertical a player odds sportsbook which allows customers to bet on players individual fantasy points collected …

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US agenda sees Kindred Group deepen SG Digital systems partnership

Kindred Group - Nils Andén, Tom Banks

Nasdaq-listed Scientific Games Corporation (SGC) confirms that it’s online gambling technology subsidiary SG Digital will power the US online casino platform and systems provisions of Stockholm-listed Kindred Group Plc. Updating the market, SG Digital informs that Kindred has selected its Open Gaming System (OGS) and Open Platform System (OPS) as lead technology and content solution for its US market profile. …

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Better Collective Spotlight – Speltips.se first in mind and first in search for Sweden

Sweden

For this month’s Better Collective Spotlight, SBC News took a closer look at Speltips.se, the flagship brand for Better Collective in Sweden. We asked Jesper Ribacka, Director of Better Collective Stockholm, about the history of tipster sites in Sweden, why the opportunity is greater for affiliates than operators and what the future might hold for the country’s affiliate market.  SBC: …

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