Stockholm-listed sports betting affiliate Better Collective has reported an 86 per cent increase in revenue to a record €38.8m in the first quarter of 2021, buoyed by an all-time high in new depositing customers (NDCs).
The company enjoyed strong growth from its Publishing division as revenue rose 24 per cent to [...]
FOX Corporation is aiming to strengthen its position in the US sports betting market through the acquisition of Outkick Media, an exclusive marketing partner of FanDuel.
Outkick Media is led by founder Clay Travis and delivers sports, opinion, politics, and pop culture content across its radio, podcasts, online and social outlets.
The [...]
Stockholm-listed online lead generation specialist Catena Media has acquired US sports betting affiliate Lineups.com for a total consideration of $39.6m.
Strengthening its position in the growing US sports betting affiliate market, Catena Media will acquire the business through three cash instalments over a two-year period, comprising $25m on closing, $9.6m on [...]
Stockholm-listed Better Collective has announced its biggest acquisition to date with an agreement to acquire US sports betting affiliate Action Network.
The company will acquire the US sports betting affiliate for $240m on a cash and debt free basis, with settlement in cash and $12m of new Better Collective shares. Of [...]
Stockholm-listed iGaming affiliate Acroud has nominated Maria Grimaldi Andersson and Jonas Strömberg to its board of directors.
The nominations have the support of shareholders representing approximately 58 per cent of the shares and votes in Acroud and will be decided at the company’s next Annual General Meeting on May 20.
Strömberg has [...]
Stockholm-listed Acroud has entered into an agreement to acquire Swedish iGaming affiliate TheGamblingCabin for SEK47.3m.
Following the signing of a letter of intent in January, Acroud will acquire TheGamblingCabin from Swedishsantas Media on a cash and debt free basis, with approximately SEK23.6m of the upfront consideration payable in the form of [...]
Gaming Intelligence's continuing scrutiny of 2020 full year financial results concludes with a focus on publicly listed iGaming affiliates.
Of the publicly listed firms, market leader Better Collective emerged as the clear winner in 2020, ending the year on a high with the acquisition of Atemi Group for £40m, and [...]
Stockholm-listed betting and gaming affiliate Catena Media expects to report record revenue and earnings for the first quarter of 2021.
Following a strong start to the year in January, the company has delivered continued growth for the rest of the quarter, significantly exceeding market expectations.
Revenue is expected to grow by 46 [...]
Stockholm-listed iGaming affiliate Raketech has nominated William Hill chief executive Ulrik Bengtsson to serve as non-executive chairman.
The nomination is subject to shareholder approval at the company’s annual general meeting on May 17, with Bengtsson’s appointment taking effect on that date, if approved.
Bengtsson will replace incumbent chair Christian Lundberg, who has [...]
Stockholm-listed Better Collective has strengthened its position in Sweden’s regulated iGaming market with the acquisition of sports betting affiliate Rekatochklart.com.
Rekatochlart.com was founded in 2008 and is a Swedish online community where sports bettors and tip experts gather to share betting tips and analysis for upcoming sporting events.
The €3.8m acquisition was [...]
Stockholm-listed iGaming affiliate Better Collective has nominated former NetEnt CEO Therese Hillman as a director.
Better Collective’s nomination committee is recommending the appointment of Hillman as a new member of the board of directors, replacing Søren Jørgensen, who has decided not to seek re-election.
Hillman served as chief executive of NetEnt from [...]
Stockholm-listed iGaming affiliate Catena Media has reported a marginal 0.3 per cent increase in revenue to €26.6m for the final quarter of 2020, boosted by its growing US business, which now accounts for nearly a third of revenue.
While revenue was negatively impacted by new regulations in German for both sports [...]