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Playtech shares hit 52-week high as 2020 adjusted EBITDA tops €300m

London-listed gaming technology provider Playtech expects to post adjusted EBITDA of at least €300m for 2020, driven by significant strategic and operational progress made during the year.

Despite the impact of the COVID-19 pandemic, the company benefited from strong performances during the first half of the year from its Financials division, [...]

1 min read
Kindred Group

Kindred Group grows underlying EBITDA by 3.7x in final quarter of 2020

Stockholm-listed online betting and gaming operator Kindred Group has recorded a near four-fold increase in underlying EBITDA for the fourth quarter of 2020 following its strongest ever quarterly revenue performance.

Kindred said in a trading update Tuesday that gross winnings revenue for the fourth quarter climbed by 54 per cent year-on-year [...]

1 min read
Des Moines Iowa

Iowa sports betting stakes top $100m in December

Iowa’s licensed sports betting operators collected more than $100m in monthly wagers for the first time in December.

The state’s 18 operational sportsbooks saw wagers increase by 77 per cent compared to a year ago to a record monthly high of $104.8m, comprised of online sports betting of $78.1m and retail [...]

1 min read

Pandemic sees Delaware sports betting market shrink 44% in 2020

Delaware’s three licensed sports betting operators have reported a 44 per cent drop in total wagers to $57.6m in 2020.

Following the significant impact of COVID-related casino closures and limited betting opportunities between April and July, wagering was also lower in December, falling by 34 per cent year-on-year to $8.8m.

Delaware Sports [...]

1 min read

Kambi shares hit new 52-week high on strong Q4 performance

Shares in sportsbook technology provider Kambi Group rose by more than 8 per cent in Stockholm Thursday as the company reported a better-than-expected performance in the final quarter of 2020.

Kambi reported a particularly strong operator trading margin in Q4, which coupled with continued momentum in operator turnover is expected to [...]

1 min read

Oregon Lottery sports betting stakes climb to $27m in December

The Oregon Lottery’s DraftKings-powered Scoreboard online sports betting operation collected total wagers of $27.0m in December.

Wagers were up 8 per cent compared to the previous month’s $25.0m total, but below the state’s record of $29.5m set in October.

American football continued to be the most popular sport with wagers of $12.3m [...]

1 min read
New Hampshire

New Hampshire Lottery books $46.5m in wagers in November

Sports bettors in New Hampshire placed $46.5m in wagers in November through the state lottery and its exclusive sports betting partner DraftKings.

Total wagers fell 1 per cent compared to the previous month’s record $47.1m, with mobile contributing the bulk of the total with wagers of $38.9m. This was down 3 [...]

1 min read
Rhode Island

Rhode Island posts record sports betting handle in November

Rhode Island’s two licensed sports betting operators booked record monthly wagers of $35.1m in November.

Sports wagers were up 1 per cent compared to the previous month’s $34.7m total, with wagers from Twin River climbing 3 per cent month-on-month to $14.5m, offsetting a 7 per cent decline in Tiverton Casino wagers [...]

1 min read

China lottery sales fall to €4.54bn in November

China’s lottery market dipped in November as total sales fell by 5 per cent year-on-year to RMB36.04bn (€4.54bn).

Having recorded an 11.5 per cent increase in sales in October, total lottery sales declined in November as Sports Lottery sales fell by 0.2 per cent to RMB21.03bn and Welfare Lottery sales decreased [...]

1 min read

Atlantic Lottery sees digital sales surge during pandemic

Canada’s Atlantic Lottery Corp. (ALC) has seen a 500 per cent increase in digital sales during its fiscal year ending March 31, driven by the addition of new digital games and the migration to online play as a result of the COVID-19 pandemic.

ALC serves the four Atlantic Canadian provinces of [...]

2 mins read

Online casino growth offsets Q3 sports betting decline in Spain

Spain’s regulated online betting and gaming market grew by 3 per cent in the third quarter of 2020 as total gross gaming revenue reached €197.2m.

The country’s 80 licensed iGaming operators saw gross gaming revenue (GGR) decline by 6 per cent compared to the previous quarter, with the bulk of the [...]

1 min read

Record third quarter for Portugal’s betting and gaming market

Licensed online betting and gaming operators in Portugal enjoyed a strong performance during the third quarter of 2020 as gross gaming revenue climbed 56 per cent to a record €84.2m.

After a decline in the second quarter as a result of COVID-19, the country’s 14 licensed operators benefited from a return [...]

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