Pronet Gaming

Oceania News


Kambi posts strong revenue and profit growth in first quarter

Stockholm-listed sports betting supplier Kambi has recorded a 55 per cent increase in first quarter revenue to €43.2m, helping to deliver a 216 per cent rise in net profit for the period.

The supplier benefited from its continued US expansion with launches across a number of jurisdictions including Michigan, Illinois, Virginia [...]

1 min read

Entain submits improved bid to Tabcorp

London-listed gaming operator Entain has submitted an improved bid to acquire Tabcorp’s Wagering and Media business.

Entain’s improved bid values the business at AUD$3.5bn and follows the non-binding indicative offer first submitted by the company in February.

“Entain believes that the Revised Proposal is compelling both in terms of the value it [...]

1 min read

IOC to launch inaugural Olympic-themed virtual sports series

The International Olympic Committee (IOC) will partner with five International Sports Federations (IFs) to produce a new series of Olympic-themed virtual sports games.

The Olympic Virtual Series (OVS) will be the first ever Olympic-licensed event for physical and non-physical virtual sports.

Taking place ahead of the Olympic Games Tokyo 2020, the OVS [...]

3 mins read

Pronet Gaming set for horse racing debut with BetMakers

Pronet Gaming has expanded its platform with the addition of its first horse racing betting solution through a partnership with Sydney-listed supplier BetMakers Technology Group.

Pronet Gaming’s sportsbook customers will gain access to over 250,000 races per year from more than 20 countries around the world, including the UK, Ireland, Australia [...]

2 mins read

PointsBet completes acquisition of Banach Technology

Sydney-listed sports betting operator PointsBet Holdings has completed the acquisition of Dublin-based in-play sports betting specialist Banach Technology.

The acquisition accelerates PointsBet’s technology roadmap and will allow the company to take advantage of growing in-play betting opportunities in the United States.

“We are delighted to welcome Banach into the PointsBet family and [...]

2 mins read

GIQ Finance: Affiliates to focus on paid media and M&A

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 [...]

1 min read

Entain launches employee share ownership plan

Entain has launched a group-wide share ownership plan to give more than 22,500 employees the opportunity to share in its success.

Employees at all levels of the business can now apply to join Entain’s ShareSave plan. In the UK and Ireland, where Entain has 2,885 Ladbrokes and Coral shops, almost 14,000 [...]

3 mins read

theScore out on top as gaming shares climb in Q1 2021

It was a solid first quarter of the year for industry stakeholders as the combined value of shares in the leading operators and suppliers increased by 9 per cent during Q1 2021.

Among the 50 publicly-listed operators and suppliers which make up the Gaming Intelligence stock list, 39 saw the value [...]

1 min read

Entain continues strong online growth in Q1

London-listed betting and gaming operator Entain continued its strong online growth into the first quarter of this year, although overall performance was hampered by covid-related retail closures.

Entain recorded its 21st consecutive quarter of double-digit growth in online net gaming revenue (NGR) during the first quarter of 2021, as online sports [...]

3 mins read

Rush Street Interactive tops GIQ20 ranking of fastest growing companies

Most of the betting and gaming industry’s fastest growing companies owed their places in the GIQ20 to the US market, but some of the big beasts suffered as a result of the Covid-19 pandemic.

Rush Street Interactive tops the GIQ20 by a mile with an astonishing 337 per cent rise in [...]

1 min read

Tabcorp launches strategic review in response to acquisition proposals

Australian wagering operator Tabcorp has rejected a number of unsolicited acquisition proposals for its wagering and media business, instead opting to launch a strategic review to assess all structural and ownership options.

Tabcorp said Monday that the unsolicited approaches and proposals valued its wagering and media business at approximately AUD$3.0bn, which [...]

1 min read

PointsBet secures market access to Pennsylvania and Mississippi

Sydney-listed operator PointsBet Holdings has partnered Penn National Gaming to secure market access to Pennsylvania and Mississippi’s online sports betting and iGaming markets.

The market access deal for each state is valid for twenty years from the date of launch and will expand PointsBet’s US sports betting footprint to 14 states, [...]

1 min read
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