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888 Holdings

888 Holdings sees revenue decline across all segments in Q1

888 Holdings has reported an 18 per cent fall in revenue for the first quarter of the year as a result of its temporary withdrawal from the Netherlands, tough trading conditions in the UK, and the impact of the strong comparable period last year.

888’s total revenue in the first quarter [...]

1 min read
Gaming Intelligence GIQ 30

M&A and post-Covid return powers record numbers

Land-based businesses bounced back from the pandemic and online operators continued their upwards trajectory, with M&A powering companies up the GIQ30.

GAN has been one of the early beneficiaries of the opening up of the US sports betting and iGaming market, but it was its acquisition of operator Coolbet that took [...]

1 min read
Kindred

Kindred’s first quarter revenue falls 30% following Netherlands withdrawal

Stockholm-listed betting and gaming operator Kindred Group has reported a 30 per cent fall in revenue to £247m for the first quarter of 2022.

Kindred said that results were negatively impacted by the company's temporary withdrawal from the Netherlands iGaming market last October, as well as very strong trading in [...]

1 min read
Entain

Retail recovery boosts Entain as online revenue falls 8% in first quarter

London-listed betting and gaming operator Entain has reported a 31 per cent increase in group net gaming revenue (NGR) for the first quarter of 2022, despite posting an 8 per cent fall in Online NGR.

Entain said that results were in line with expectations, with the strong start to the year [...]

1 min read
William Hill

888 shares surge on revised acquisition agreement with Caesars

Shares in 888 Holdings jumped by close to 30 per cent in London Thursday morning after the company announced that it has renegotiated the terms of its proposed acquisition of William Hill’s non-US business from Caesars.

888 has agreed to pay a cash consideration of £584.9m to acquire the business, down [...]

1 min read

Novomatic grows 2021 revenue to €1.84bn despite Germany and Austria decline

Austrian gaming giant Novomatic has reported a 6 per cent increase in group revenue to €1.84bn in 2021, despite year-on-year declines in its core markets of Germany and Austria.

The company attributed its revenue growth to relaxed Covid-19 restrictions in the latter part of the year, and the performance of its [...]

1 min read

Codere doubles Q4 revenue after land-based recovery

Madrid-listed gaming operator Codere has seen revenue more than double to €291m during the final quarter of 2021, benefiting from improved results from its land-based operations in Europe and Latin America.

Codere's trading recovered significantly during Q4 following Covid-related closures and restrictions in the prior year period, with its results in [...]

1 min read
Spain

Spain’s online betting and gaming market declines 4% in 2021

Spain’s regulated online betting and gaming market declined by 4 per cent in 2021 as total gross gaming revenue (GGR) fell to €815.3m.

The full year decline followed a 24 per cent drop in GGR during the final quarter of the year to €175.9m, as sports betting GGR fell by 58 [...]

1 min read
Novibet

Novibet agrees merger with Nasdaq-listed Artemis SPAC

European online betting and gaming operator Novibet has agreed a deal to go public on the Nasdaq stock exchange through a merger with special purpose acquisition company (SPAC) Artemis Strategic Investment.

The agreement gives Novibet a pre-transaction enterprise valuation of $625m and will see existing Novibet stakeholders hold approximately 75 per [...]

1 min read

Gaming Arts expands into iGaming with exclusive Gamesys deal

Las Vegas-based bingo and keno games developer Gaming Arts is expanding into the iGaming sector after agreeing a five-year exclusive partnership with Bally’s Corporation-owned Gamesys.

The deal provides Gamesys with access to Gaming Arts’ full library of games for deployment with all online gaming markets in which Gamesys operates around the [...]

1 min read

Danish land-based gaming sector recovers in February

Denmark’s regulated betting and gaming market generated total gross gaming revenue of DKK1.05bn (€141.0m) for the first two months of 2022.

Total combined GGR for January and February rose by 16 per cent compared to the same period last year, as the land-based gaming sector continued to recover from Covid-related closures [...]

1 min read
Playtech

Playtech sees Americas expansion drive revenue growth

London-listed gaming technology supplier Playtech has reported a 12 per cent increase in revenue to €1.21bn in 2021, buoyed by strong B2B growth in the Americas and continued growth from its Snaitech B2C business in Italy.

Playtech described the year's performance as “very strong” in light of the challenges that came [...]

1 min read
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