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Enteractive Media agrees Nasdaq SPAC merger

Gambling-focused media company Enteractive Media plans to go public on the Nasdaq stock market through a merger with special purpose acquisition company Parsec Capital Acquisitions.

The board of directors of both companies have approved the transaction, which is expected to close before the end of this year, subject to shareholder approval [...]

2 mins read

Massachusetts targets January 29 sports betting launch

Massachusetts is likely to launch retail sports betting on January 29, 2023, with online betting expected to follow within two months.

The Massachusetts Gaming Commission settled on the proposed dates at a meeting on Friday, although commissioners warned that the launch date for online betting could be pushed back if there [...]

1 min read

BOTB sells major stake to Teddy Sagi’s Globe Invest

The family office of iGaming entrepreneur Teddy Sagi is acquiring a stake in London-listed online competitions operator Best of the Best (BOTB).

Sagi’s Globe Invest will acquire an initial 29.9 per cent stake in the business for approximately £10m from founding shareholders William Hindmarch and Rupert Garton.

The £4 per share acquisition [...]

1 min read

North America drives Gambling.com second quarter revenue growth

New York-listed online gaming affiliate Gambling.com Group has reported a 53 per cent increase in revenue to $15.9m for the second quarter of 2022, buoyed by strong growth in North America.

The company delivered more than 57,000 new depositing customers during the quarter, with revenue from North America soaring 342 per [...]

1 min read
Better Collective

Better Collective posts 40% revenue growth

Stockholm-listed gaming affiliate Better Collective grew second quarter revenue by 40 per cent to €56.0m following strong growth in the United States.

The year-on-year improvement includes a full quarter’s contribution from Action Network in the US, compared to just one month’s contribution in the prior year period.

On an organic basis, revenue [...]

1 min read
Catena Media

Catena Media sees revenue fall 5% in tough second quarter

Stockholm-listed iGaming affiliate Catena Media has reported a 5 per cent fall in revenue to €28.9m for the second quarter of 2022, with results weighed down by challenging trading conditions in Europe and Japan.

The company said that the year-on-year revenue decline was a result of sports calendar seasonality and macroeconomic [...]

1 min read

Raketech acquisitions drive Q2 revenue growth

Stockholm-listed gaming affiliate Raketech has reported a 28.6 per cent increase in revenue to €11.3m for the second quarter of 2022, with growth driven entirely by acquisitions.

The company said that its core portfolio of affiliation marketing assets delivered solid results during the period, despite challenging market conditions and a 4 [...]

1 min read
Catena Media

Catena Media plans for redundancies amid wider strategic review

Catena Media is planning for redundancies within its Malta and UK operations as part of an expanded strategic review of its European business.

The company said Wednesday that the strategic review initiated in May will now be expanded to include the European online gaming and betting affiliate business, which has suffered [...]

1 min read
XLMedia

US drives strong first half revenue growth at XLMedia

Shares in XLMedia climbed more than 10 per cent in London Wednesday morning after the online gaming affiliate announced that it expects to grow first half revenue to US$44.5m.

XLMedia said in a trading update that revenue for the first six months of the year is expected to grow 38 per [...]

1 min read

Australia blocks a further 90 illegal online gambling websites

Efforts to combat illegal online gambling in Australia have led to the blocking of 90 websites in the three months to June 30.

The majority of the blocked websites offered illegal online casino-style games to players in Australia, with others promoting unlicensed gambling as affiliates.

The Australian Communications and Media Authority (ACMA) [...]

1 min read

Gambling.com Group names Peter McGough vice president of investor relations

New York-listed online gaming affiliate Gambling.com Group has brought in Peter McGough to serve as vice president of investor relations. 

McGough will be responsible for implementing the overall investor relations program as well as communicating the vision of the group’s business to shareholders and the financial community.

He joins the group [...]

2 mins read

Gambling.com Group appoints Michael Quartieri to board of directors

New York-listed online gaming affiliate Gambling.com Group has appointed former Scientific Games CFO Michael Quartieri to its board of directors. 

Quartieri has served as chief financial officer of Dave & Buster’s since January 2022 with responsibility for the company’s finance, accounting and supply chain organisations. 

He previously served as executive vice president [...]

2 mins read
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