Bingo News


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 [...]

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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 [...]

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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 [...]

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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 [...]

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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 [...]

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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’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

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 [...]

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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 [...]

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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 [...]

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