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Raketech enters US market with American Gambler acquisition

Stockholm-listed iGaming affiliate Raketech has entered the United States with the acquisition of sports betting affiliate Americangambler.com for €5m.

The agreed purchase price represents a multiple of approximately 3.9x EBITDA and 3.5x revenue, based on current run rate, with the acquisition expected to contribute between 5 and 10 per cent of [...]

3 mins read

Acroud posts 31% drop in revenue in Q3

Stockholm-listed iGaming affiliate Acroud (formerly New Gaming Europe) has reported a 31 per cent fall in revenue to €2.4m for the third quarter of 2020.

Acroud described the period as a challenging quarter as the previous sharp increase in poker and casino traffic in the first half of the year fell [...]

1 min read

Acroud eyes sports betting opportunities in Americas

Stockholm-listed iGaming affiliate Acroud (formerly Net Gaming Europe) has entered into an agreement to acquire an undisclosed sports betting affiliate for €1.2m, while also confirming receipt of three new licences in the United States.

Acroud has signed a Letter of Intent (LOI) to acquire what it describes as a fast-growing lead [...]

1 min read
Tipico

Income Access to power new affiliate program for Tipico US

Paysafe Group’s digital marketing division Income Access has agreed a deal to power a new affiliate program for Tipico’s upcoming online sports betting and iGaming sites in New Jersey.

Having recently established its US headquarters in Hoboken, Tipico has partnered with Ocean Casino and Resort in Atlantic City to launch online [...]

2 mins read

Better Collective founders reduce stake in business

The founders of Stockholm-listed iGaming affiliate Better Collective have reduced their stake in the business by approximately 12.3 per cent through a directed sale of 3.1m shares.

The share sale was made by Better Collective CEO Jesper Søgaard and chief operating officer Christian Rasmussen, alongside chief financial officer Flemming Pedersen, at [...]

1 min read

Better Collective grows profit despite fall in Q2 revenue

Stockholm-listed sports betting affiliate Better Collective has reported a 4 per cent drop in revenue to €15.3m for the second quarter of 2020, as results were impacted by the suspension of major sports from mid-March.

The company described the quarter as a challenging period, with April the low point and May [...]

1 min read
Raketech

Raketech posts Q2 revenue growth despite Nordic decline

Stockholm-listed iGaming affiliate Raketech has recorded a 24 per cent increase in revenue to €7.0m for the second quarter of 2020, despite seeing a decline in its core Nordic markets.

The company said that the Q2 revenue growth was primarily driven by Casumba and the newly acquired Lead Republik.

Casino represented 89 [...]

1 min read

Gambling.com enjoys record second quarter performance

iGaming affiliate Gambling.com Group has reported a 29 per cent increase in revenue to a record €5.7m for the second quarter of 2020.

Revenue growth in the second quarter was driven by casino and poker products, which offset a decline in sports betting revenue due to COVID-19.

Revenue from sports betting marketing [...]

1 min read
Catena Media

Catena Media profit slides despite record second quarter revenue

Stockholm-listed iGaming affiliate Catena Media has reported a 17 per cent increase in revenue to a record €27.8m for the second quarter of 2020.

Casino represented 65 per cent of Q2 revenue and grew by 59 per cent to €21.2m, buoyed by all-time highs for AskGamblers, the US and Catena Media’s [...]

1 min read

Acroud sees poker and casino drive second quarter revenue growth

Stockholm-listed iGaming affiliate Acroud (formerly Net Gaming Europe) has recorded a 2 per cent increase in revenue to €3.6m for the second quarter of 2020, a period which has seen the company undergo significant restructuring, refinancing and a change of name.

The company said that revenue was positively affected by increased [...]

1 min read
Gaming Innovation Group

GiG secures affiliate license for WSN.com in Colorado

Oslo-listed Gaming Innovation Group (GiG) has been granted approval to provide its affiliate services to sports betting operators licensed in Colorado.

Colorado becomes the seventh state in which GiG’s Media division is active through its US-facing WSN.com sports betting site, following previous approvals in New Jersey, Indiana and Pennsylvania, among others.

“We [...]

1 min read

Net Gaming Europe set for Q2 loss as reorganisation continues

Stockholm-listed iGaming affiliate Net Gaming Europe expects to post a net loss of €1.2m for the second quarter of 2020, with results negatively impacted by non-recurring costs and exchange rate fluctuations.

The company said that its operations had performed well during Q2 in the midst of an “intensive transformation” phase which [...]

1 min read
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