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888 Holdings

888 profits as full year revenue nears $1bn mark

London-listed betting and gaming operator 888 Holdings has reported a 15 per cent increase in revenue to a record US$980.1m in 2021, benefiting from strong growth from its gaming products.

The year-on-year revenue growth was driven by double-digit B2C growth in most of the operator’s core and growth markets, with regulated [...]

1 min read

Swedish gambling market grows 5% to €2.4bn in 2021

Sweden’s licensed gambling operators recorded a 5 per cent increase in net sales to SEK26.03bn (€2.4bn) in 2021, buoyed by a strong performance during the final quarter of the year.

Net sales in Q4 were up 2 per cent year-on-year at SEK7.01bn, buoyed by growing contributions from the land-based Casino Cosmopol [...]

1 min read
Danske Spil

Online gaming drives Danske Spil revenue growth in 2021

Denmark’s state-owned gaming operator Danske Spil has reported a 2 per cent increase in gross gaming revenue to DKK4.83bn (€649.2m) in 2021, driven by strong growth online.

Danske Spil said that it made solid progress during the year, despite the impact of Covid-19 restrictions on its land-based operations and the introduction [...]

1 min read
Brazil

Brazil’s Senate remains split ahead of second reading of gambling bill

Brazil's Senate is set to debate a second reading of the gambling bill that would legalise and regulate casinos, bingo halls, iGaming and Jogo de bicho.

The lower house approved the bill (PL 442/1991) on 24 February at its first reading and it will now be considered by Senators, many of [...]

1 min read
Entain

Online growth takes Entain’s full year revenue to £3.89bn

London-listed betting and gaming giant Entain has reported a 7 per cent rise in net gaming revenue (NGR) to £3.89bn in 2021, benefiting from a ninth consecutive year of double-digit online growth.

Despite 2021 being another year disrupted by Covid-19 and temporary shop closures, Entain delivered strong underlying growth, with online [...]

1 min read
IGT

Record year for IGT as 2021 revenue grows to $4.1bn

New York-listed International Game Technology (IGT) has reported a 31 per cent increase in revenue to $4.09bn in 2021, generating record operating income of $902m for the year.

IGT said that it met or exceeded all of its financial goals in 2021, posting double-digit growth across all three of its business [...]

1 min read
888 Holdings

888 fined £9.4m in latest enforcement action by Gambling Commission

London-listed betting and gaming operator 888 Holdings has been fined £9.4m by Britain’s Gambling Commission for social responsibility and money laundering failures.

The fine relates to failings in the operator’s historical safer gambling and anti-money laundering policies and procedures in the United Kingdom, which were discovered during the Commission’s compliance assessment [...]

1 min read
Flutter Entertainment

Flutter Entertainment widens loss despite strong revenue growth in 2021

London-listed betting and gaming operator Flutter Entertainment has reported group revenue of £6.04bn for 2021, with strong growth in sports offsetting flat gaming revenue.

Flutter’s full year revenue increased by 37 per cent year-on-year on a reported basis, with the company benefiting from a full year’s contribution from The Stars Group [...]

1 min read

Nueva Codere names new co-CEOs to replace Di Loreto

Spanish and Latin America-facing gaming operator Grupo Codere has named Alberto González del Solar and Alejandro Rodino as co-chief executives to replace Vicente Di Loreto.

Di Loreto has served as CEO of Codere Group since January 2018, but has decided to gradually withdraw from his executive functions to devote more time [...]

1 min read
Aristocrat Leisure

Aristocrat creates dedicated iGaming business after failed Playtech bid

Australian casino supplier Aristocrat Leisure is ramping up its presence in the B2B real money online gaming space after several years of operating social casinos.

The company will establish a third global operating business alongside its Aristocrat Gaming and Pixel United divisions.

This comes after Aristocrat tried to acquire leading technology supplier [...]

3 mins read
Brazil

Brazil lawmakers approve draft gambling legislation

Brazil’s Chamber of Deputies voted Wednesday in favour of legislation to regulate gambling across the nation, although a raft of proposed amendments are expected to lead to substantial changes over the coming days and weeks.

The draft bill to legalise and regulate online and land-based gambling narrowly passed by a vote [...]

1 min read
BetVictor

BetVictor agrees £2.08m settlement for breach of licence conditions

BV Gaming, operator of the BetVictor online gaming and betting brand, will pay £2.08m for failing to comply with the conditions of its operating licence in Great Britain.

The payment is comprised of £1,728,000 in lieu of a financial penalty and £352,000 of divested gross gaming yield related to the failings [...]

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