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Better Collective acquires leading eSports platform HLTV.org

Stockholm-listed sports betting affiliate Better Collective has acquired leading eSports platform HLTV.org in a deal worth up to €34.5m.

Better Collective has paid an initial €26.4m to acquire the HLTV.org platform, one of the world’s most popular eSports platforms for the Counter-Strike: Global Offensive (CS:GO) game.

The payment comprises €23.7m in cash and Better Collective [...]

4 mins read
Danske Spil

Danske Spil proposes stricter rules for gambling in Denmark

Denmark’s state-owned gaming operator Danske Spil has proposed stricter rules to protect vulnerable players and minors from gambling, including a ban on advertising during live sports on television and the prohibition of VIP programs and affiliates.

The leading Danish operator claims that the market does not adequately protect vulnerable players and minors, citing the [...]

4 mins read
Playtech

Playtech partners Rightlander to enhance affiliate compliance

London-listed gaming technology provider Playtech has entered into a partnership with affiliate compliance specialist Rightlander.

Rightlander’s solutions will be made available to Playtech’s operator partners through the Playtech IMS platform, including a range of affiliate compliance tools such as Automated Compliance Monitor, a PPC Monitor, a Proactive Affiliate Finder, and Compliance Live, which allows [...]

3 mins read

Net Gaming Europe names Robert Andersson as new CEO

Stockholm-listed iGaming affiliate Net Gaming Europe has appointed Robert Andersson as its new president and chief executive with immediate effect.

Andersson succeeds Marcus Teilman, who has stepped down after nearly eight years in the role.

Net Gaming said the purpose of the change was to create better conditions for the company to return to growth, while [...]

2 mins read
Gaming Innovation Group

Gaming Innovation Group approved for affiliate launch in Pennsylvania

Oslo-listed Gaming Innovation Group (GiG) has been granted an affiliate license to enter Pennsylvania’s regulated iGaming market.

Continuing its recent US expansion, Pennsylvania becomes the fourth state in which GiG’s Media division is active through its World Sports Network (WSN.com) and CasinoTopOnline.com brands.

“The Pennsylvania authorisation comes at an opportune moment for us [...]

2 mins read

Net Gaming Europe sees revenue and profit decline in 2019

Stockholm-listed iGaming affiliate Net Gaming Europe has posted a 23 per cent drop in revenue to €14.3m for the full 2019 year as results were impacted by a major change in the company’s business model.

The company said that the main purpose of changing the business model was to build a more stable revenue [...]

1 min read

Catena Media swings to 2019 loss as revenue declines 2%

Stockholm-listed online lead generation specialist Catena Media has reported a 2 per cent decline in revenue to €102.8m for 2019, after suffering a fall in revenue for the third consecutive quarter.

Revenue in Q4 fell 3 per cent year-on-year to €26.6m, including an exceptional €0.5m adjustment relating to its US business in previous periods. Casino [...]

1 min read

Strong finish to the year for Better Collective after record Q4 2019

A record performance during the final quarter of the year has helped Stockholm-listed iGaming affiliate Better Collective post full year revenue of €67.4m in 2019.

Revenue in Q4 increased by 61 per cent to a record €19.6m, with the company benefiting from recent acquisitions in the US and Sweden.

Results was negatively impacted however by [...]

1 min read
Raketech

Raketech eyes M&A for further expansion after 2019 struggles

Stockholm-listed iGaming affiliate Raketech has reported a 6.5 per cent drop in revenue to €23.9m for the full 2019 year, with results impacted by the re-regulation of the Swedish gaming market at the start of the year.

The company said that its results was negatively impacted by declining player values in Sweden during 2019, with [...]

1 min read

Catena Media slips to Q4 operating loss as write-downs impact bottom line

Shares in Catena Media slumped by nearly 18 per cent in Stockholm Tuesday after the company warned that it would post an operating loss for the final quarter of 2019.

Catena Media said that its Q4 results would be impacted by the impairment of intangible assets, the adoption of IFRS 9 accounting assumptions, and an [...]

1 min read
XLMedia

XLMedia cancels dividend to accelerate strategic initiatives

London-listed digital marketing specialist XLMedia has said that it will not propose a final dividend for 2019 as the company looks to accelerate a number of strategic initiatives and evaluate potential acquisition opportunities.

XLMedia is continuing to work with Google to understand the issues which have led to certain websites being [...]

1 min read
XLMedia

XLMedia warns of decrease in traffic to online casino sites

Shares in digital marketing specialist XLMedia hit a new 52-week low in London Tuesday after the company warned that revenue could be impacted by a significant decrease in traffic to its online casino sites.

XLMedia said that the Google ranking of a number of its online casino sites has resulted in a significant decrease [...]

1 min read
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