Stockholm-listed iGaming affiliate Acroud has strengthened its financial position through a directed share issue, raising SEK75m (€7.4m) to fund future acquisitions.
The directed share issue of 35,294,118 shares was completed at a price of SEK2.55 per share, amounting to SEK90m in allocated demand.
Acroud recently completed the acquisition of a fast-growing sports [...]
Shares in Catena Media slumped by more than 13 per cent in Stockholm Thursday after the lead generation specialist posted a 6 per cent fall in third quarter revenue to €24.9m.
Revenue from the company's core casino business declined by 2 per cent to €16.0m as new depositing customers (NDCs) fell [...]
Stockholm-listed iGaming affiliate Raketech has reported a 24 per cent increase in revenue to €7.4m for the third quarter of 2020, as new depositing customers (NDCs) nearly doubled compared to a year ago.
With organic growth of just 3 per cent, Raketech's revenue growth in Q3 was driven by the newly [...]
Stockholm-listed iGaming affiliate Better Collective grew third quarter revenue by 7 per cent to €18.3m.
The period saw high levels of sports betting activity as major sports returned from their suspension earlier in the year due to COVID-19, although lower sports win margin reduced revenue by approximately €2m.
New depositing customers (NDCs) [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]