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Bingo News

Operators agree £675,000 settlement with Britain’s Gambling Commission

Two operators will pay a combined £675,000 to Britain's Gambling Commission for social responsibility and anti-money laundering failures.

Jumpman Gaming, operator of 243 online gaming websites, will pay £500,000, while Progress Play (201 websites) will pay £175,718, both for failures relating to anti-money laundering (AML) and customer interaction compliance. 

“We will always [...]

1 min read
888 Holdings

888 shareholders approve proposed William Hill International acquisition

Shareholders in 888 Holdings have unanimously approved the company’s proposed acquisition of William Hill’s non-US business.

At an Extraordinary General Meeting held in London earlier Monday, a resolution to approve the purchase under the terms set out in the Sale and Purchase Agreement was approved by 99.73 per cent of the [...]

2 mins read

Codere revenue soars as retail recovery continues in first quarter

Spanish gaming operator Codere Group has reported a 131 per cent increase in revenue to €293.7m for the first quarter of 2022, as the company benefited from the lifting of Covid-19 restrictions across its land-based operations in Europe and Latin America.

The year-on-year revenue growth was driven by strong performances in [...]

1 min read
Playtech

Playtech continues strong momentum into first quarter of 2022

London-listed gaming operator and technology supplier Playtech has delivered a strong start to the year with Adjusted EBITDA of more than €100m for the first quarter.

Playtech said in a trading update Thursday that the very strong performance has been driven by both the B2B and B2C businesses, with the Snaitech [...]

1 min read
Flutter Entertainment

Flutter Entertainment benefits from US growth in Q1

Flutter Entertainment’s first quarter revenue increased by 5 per cent year-on-year to £1.57bn, with growth across gaming and sports betting.

Sports revenue climbed by 4 per cent to £930.0m in the first quarter of 2022, with Gaming revenue 8 per cent higher than the same period a year ago at £636.0m.

The [...]

1 min read
Flutter Entertainment

Flutter Entertainment adds former Eir CEO Carolan Lennon to board

London-listed betting and gaming operator Flutter Entertainment has strengthened its board of directors with the appointment of former Eir chief executive Carolan Lennon.

Lennon will take on the non-executive role from 1 July, when she takes up a new role as Country Leader at Salesforce Ireland.

She mostly recently served as CEO [...]

2 mins read
Kindred Group

Kindred Group sees Q1 revenue fall 30 per cent to £246.7m

Kindred Group’s revenue in the first quarter of 2022 fell by 30 per cent year-on-year to £246.7m, primarily due to the company’s temporary withdrawal from the Netherlands.

Total revenue from both B2B and B2C operations fell from £352.6m a year ago to £246.7m in Q1 2022, with B2C gross winnings revenue [...]

1 min read
Betsson

Betsson benefits from LatAm growth and strong sportsbook margin in Q1

Betsson has reported an 8 per cent increase in revenue to €170.2m for the first quarter of 2022, as the company benefited from an improved sports betting margin and rapid growth in Latin America.

Organic growth in the first quarter came in at 14 per cent, with a 45 per cent [...]

1 min read

Gambling activity in Britain remains below pre-pandemic levels

The number of people gambling in the United Kingdom continues to fall below pre-pandemic levels according to the latest data from the Gambling Commission, with the impact of the pandemic resulting in marginally more online gamblers in the past four weeks versus retail gamblers.

The survey data shows that overall participation [...]

1 min read
Svenska Spel

Svenska Spel posts 3% revenue decline in first quarter

Swedish gaming operator Svenska Spel has endured a challenging start to 2022 as revenue and earnings were negatively impacted by new weekly iGaming deposit limits introduced in January.

Total first quarter net gaming revenue (NGR) fell by 3 per cent versus a year ago to SEK1.94bn, with declines in Svenska Spel’s [...]

1 min read
Slingo

Gaming Realms posts maiden profit in 2021

London-listed content developer Gaming Realms has reported a 29 per cent increase in revenue to £14.7m in 2021, with a strong performance from its licensing segment helping to produce a maiden profit of £1.3m for the year.

Revenue from licensing grew by 48 per cent year-on-year to £11.1m, comprising a 36 [...]

1 min read
Rank Group

Rank Group lowers full year earnings guidance as UK venues struggle

Shares in Rank Group fell by more than 8 per cent in London Thursday morning after the casino and bingo operator cut its earnings forecast for the current financial year.

Rank lowered its previously estimated earnings before interest and taxation (EBIT) to £47m-£55m for the year ending 30 June 2022, down [...]

1 min read
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