Fantasy Sports News

Scout Gaming Group

Scout Gaming CEO Andreas Ternström resigns

Stockholm-listed B2B fantasy sports provider Scout Gaming has confirmed the immediate departure of CEO and president Andreas Ternström.

Ternström has served as CEO since June 2016, with the supplier announcing his resignation last Friday, ahead of a major reorganization of the business.

He will be replaced on an interim basis by chief [...]

2 mins read
FanDuel sportsbook

FanDuel names Andrew Sheh as new chief technology officer

Flutter Entertainment-owned FanDuel Group has appointed former real estate tech executive Andrew Sheh as its new chief technology officer.

Joining the company’s senior leadership team, Sheh brings over 20 years of experience driving technology strategies, leading large scale organizations, and building global scalable platforms.

He joins FanDuel from real-estate technology brokerage firm [...]

2 mins read
Gambling Commission

Gambling Commission confirms Andrew Rhodes as permanent CEO

Britain’s Gambling Commission has confirmed the permanent appointment of Andrew Rhodes as chief executive.

Rhodes has served as interim chief executive since joining the Commission in June 2021, originally for an 18-month period, having held a number of senior roles at private and public sector organisations including Swansea University, the Department [...]

1 min read

Sports betting and iGaming drive Pennsylvania growth in April

Pennsylvania’s licensed betting and gaming operators recorded another strong month as total revenue from all forms of gambling rose 14 per cent to $461.6m.

April’s total was just below the previous month’s record $462.7m, with year-on-year growth from iGaming, sports betting and land-based casino gaming offsetting declines in fantasy contest and [...]

1 min read

DraftKings widens Q1 loss amid ongoing US expansion

DraftKings has reported a 34 per cent increase in revenue to $417.20m for the first quarter of 2022, with growth in online gaming and sports betting offsetting declines in daily fantasy sports and the B2B segment.

Online gaming revenue, which includes iGaming, sports betting and fantasy sports, climbed 41.8 per cent [...]

1 min read

DraftKings completes acquisition of Golden Nugget Online Gaming

New York-listed betting and gaming operator DraftKings has completed its acquisition of Golden Nugget Online Gaming (GNOG).

The acquisition, first announced in August, is valued at up to $1.56bn and will see DraftKings integrate Golden Nugget Online Gaming employees across its business, including Thomas Winter, who will transition to general Manager [...]

2 mins read

FanDuel Group names David Jennings chief financial officer

Flutter Entertainment-owned FanDuel Group has appointed David Jennings as the company’s new chief financial officer. 

Jennings' responsibilities will include the oversight of all finance functions including financial planning and analysis, strategy, accounting, procurement, tax and treasury, in support of the company's Sportsbook, Casino, Racing, Daily Fantasy, Retail and corporate functions.

“David is [...]

2 mins 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

Online gaming and retail slots drive revenue growth in Pennsylvania

Pennsylvania’s regulated gambling market set a new revenue record in March as online casino gaming and casino table games revenue hit all-time highs.

The record revenue of $462.74m in March eclipsed the previous monthly high of $432.49m set in November 2021, as the market benefited from growth across all products except [...]

1 min read

Arizona sports wagers hit record monthly high in January

Arizona’s licensed retail and online sportsbook operators enjoyed a record month in January 2022 as total sports wagers reached $563.7m.

Wagers at the state’s 12 operational sportsbooks increased by 13 per cent compared to the previous record set in December, comprising $558.7m in online sports wagers and $5.0m in retail wagers.

Arizona [...]

1 min read

Pennsylvania gambling market grows 24% in February despite sports betting hit

Pennsylvania’s licensed casinos saw total revenue from all forms of betting and gaming increase to $375.7m in February 2022, despite incurring a loss from sports betting during the month.

Total gaming revenue increased by 24 per cent year-on-year in February, buoyed by continued growth in the land-based sector, where retail slots [...]

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
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