Results News

Strong final quarter for Portugal’s iGaming market as revenue grows 52%

Portugal’s regulated online betting and gaming market recorded strong growth during the final quarter of 2019 as gross gaming revenue (GGR) rose 52 per cent to €65.4m.

The country’s twelve licensed operators posted a 55 per cent increase in sports betting GGR to €33.4m, with football contributing 75 per cent of the total, followed by [...]

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Pennsylvania sports betting market sees $30.7m bet on Super Bowl

The Pennsylvania Gaming Control Board has revealed that a total of $30.7m was wagered on the Super Bowl on Sunday through retail and online sportsbooks in the state.

The regulator noted that this was the second year in which legal sports betting was available in Pennsylvania for the Super Bowl, but the first in which [...]

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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 [...]

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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 [...]

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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 [...]

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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 [...]

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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 [...]

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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 [...]

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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 [...]

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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, [...]

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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 [...]

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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 [...]

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