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PAGCOR exceeds target as gaming revenue reaches €1.34bn in 2019

The state-owned Philippine Amusement and Gaming Corporation (PAGCOR) has reported a 12 per cent increase in gaming revenue to P75.8bn (€1.34bn) for the full 2019 year.

Revenue from the Philippine gaming industry exceeded the regulator’s target by 2 per cent, or P1.3bn (€23.1m), during the year.

The biggest sources of PAGCOR’s gaming revenue were [...]

1 min read

Online stars as Colombia’s regulated gambling market grows in 2019

Colombia’s regulated gambling market generated total stakes of COP667.8bn (€175.8m) in 2019 following continued growth in the online betting and gaming sector.

Total gambling stakes from licensed operators increased by 16 per cent compared to the previous year, with land-based casinos and bingo halls contributing 57 per cent of the total at COP382.2bn, up 11 [...]

1 min read
Rhode Island

Mobile takes Rhode Island sports betting market to new heights in December

Rhode Island’s two licensed sportsbook operators collected total wagers of $132.0m for the six-month period ended 31 December.

The regulated sports betting market hit a new monthly high in December as total wagers reached $31.7m, just ahead of the previous month’s $31.4m.

Rhode Island Sports Betting: December 2019 (US$)

Both operators continued to benefit [...]

1 min read
GAN

GAN initiates US listing process as 2019 revenue more than doubles

London-listed iGaming solutions provider GAN has begun the process to list its shares on Nasdaq in the United States after recording strong growth in the market during 2019.

GAN's 2019 revenue is expected to increase by between 115 per cent and 120 per cent versus the prior year, with an EBITDA [...]

1 min read
PointsBet

Strong second quarter for PointsBet as US contribution grows

Sydney-listed sportsbook operator PointsBet has reported a 169 per cent increase in turnover to AUD$297.3m for its fiscal second quarter ended 31 December.

The operator enjoyed strong growth in Australia as turnover grew by 67 per cent to $184.8m, while the company’s expansion into the United States contributed a further $112.5m [...]

1 min read
New Hampshire

New Hampshire sports betting delivers $1.2m to education in first month

Sports fans in New Hampshire have wagered more than $17m in the first month of regulated sports betting in the state.

The New Hampshire Lottery’s online sports betting offering launched on December 30th in partnership with DraftKings and has signed up more than 29,000 users in that time, with players wagering $17.3m on sports and [...]

1 min read
LeoVegas

LeoVegas restructures UK operations

Stockholm-listed gaming operator LeoVegas will incur one-off restructuring costs of €6.1m during the final quarter of 2019 after carrying out a number of strategic initiatives related to the UK market.

The operator will migrate the Rocket X managed brand portfolio, including the BetUK.com brand, from a third-party solution to its own Rhino platform, where all [...]

1 min read
Rank Group

Rank Group enjoys first half revenue and profit growth

London-listed casino and bingo operator Rank Group has reported a 14 per cent increase in net gaming revenue to £397.3m for the six-month period ended 31 December, including the first contributions from newly acquired Stride Gaming.

Rank said that the company performed strongly during the first half of its fiscal year, [...]

1 min read

Enlabs shares slump despite record Q4 revenue

Stockholm-listed gaming operator Enlabs has reported a 29 per cent increase in full year revenue to €39.6m in 2019, benefiting from another record performance during the final quarter of the year.

Revenue in Q4 rose 25 per cent year-on-year to €11.2m, with a 30 per cent improvement in gaming revenue to [...]

1 min read

Nektan shares soar on return to trading and H1 revenue growth

London-listed gaming solutions provider Nektan has reported strong revenue growth for the six-month period ended 31 December, with the company’s shares readmitted to trading this morning following publication of its FY2019 audited results.

The company said its switch to the higher margin B2B business model had helped revenue increase by 153 [...]

1 min read
ATG

Sports betting and online casino drive ATG revenue growth in 2019

Swedish betting and gaming operator ATG has reported a 7 per cent increase in net gaming revenue to SEK4.44bn (€420.7m) for 2019.

In the first year of Sweden’s re-regulated gambling market, former racing monopoly operator ATG generated total net gaming revenue (NGR) of SEK4.34bn in Sweden, with horserace betting accounting for 88 [...]

1 min read

Record year for Interwetten as total stakes surpass €2bn

Malta-based sports betting and gaming operator Interwetten has reported record results for 2019 as total betting stakes surpassed €2bn for the first time.

This marks the best result in Interwetten's 30 year history, with betting stakes up 30 per cent versus the previous year and gross gaming revenue climbing 25 per cent to [...]

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