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Fantasy Sports News

Scout Gaming Group

Scout Gaming shares slump as Q3 revenue drops 19%

Stockholm-listed fantasy sports provider Scout Gaming Group has posted a 19 per cent fall in revenue to SEK12.2m for the third quarter of 2021.

After eight consecutive quarters of growth, the Q3 revenue decline was a result of strong comparables in the prior year period, which benefited from a condensed calendar [...]

1 min read
DraftKings

DraftKings agrees fantasy sports deal with NHL’s Boston Bruins

DraftKings has been unveiled as the official daily fantasy sports partner of National Hockey League (NHL) side the Boston Bruins. 

The multi-year agreement also makes DraftKings the official sports betting partner of the Boston Bruins, should sports betting become legal in Massachusetts, with the deal further advancing DraftKings’ relationship with the [...]

2 mins read

Pennsylvania iGaming market hits record $102.9m in October

Pennsylvania’s licensed operators enjoyed a record month in October as total gaming and sports betting revenue increased by 33 per cent to $425.9m.

The year-on-year improvement followed strong growth across both the land-based and online casino sectors, despite a decline in sports betting, with October surpassing the previous monthly revenue high [...]

1 min read
Scout Gaming Group

Scout Gaming begins search for new CFO

Stockholm-listed B2B fantasy sports provider Scout Gaming has begun the search for a new chief financial officer to replace Billy Degerfeldt, who is leaving the company to take on a new role. 

Degerfeldt will continue in his role for three months as Scout Gaming initiates the process of recruiting a new [...]

2 mins read

Gambling.com and Playtech lead share price growth in October

Shareholders in Gambling.com and Playtech were the big winners as their shares rocketed to the top of the Gaming Intelligence Stock List in October 2021.

While the leading publicly-listed gaming operators and suppliers saw the combined value of their shares decline by 2 per cent in October, Gambling.com’s shares rose by [...]

1 min read
DraftKings

DraftKings grows Q3 revenue to $212.8m as losses mount

New York-listed betting and gaming operator DraftKings has reported a 60 per cent increase in revenue to $212.8m for the third quarter of 2021, although significantly higher expenses pushed the company to a loss of $545.0m for the period.

The year-on-year revenue growth was driven by a 31 per cent increase [...]

1 min read
Basketball

NBA names DraftKings and FanDuel as betting partners

The National Basketball Association (NBA) has signed multiyear partnerships with leading US sports betting operators DraftKings and FanDuel.

DraftKings will serve as the presenting partner of NBABet Stream, while FanDuel will be the presenting partner of the weekly NBABet show on NBA TV, with the two operators designated as co-official sports [...]

3 mins read
Flutter Entertainment

Flutter Entertainment shares slide as customer-friendly results hit margins

London-listed betting and gaming operator Flutter Entertainment has reported a 9 per cent increase in revenue to £1.44bn in the third quarter of 2021, boosted by a 13 per cent rise in average monthly players.

On a constant currency basis, revenue climbed by 12 per cent year-on-year, driven by continued strong [...]

1 min read

PlayUp partners Wild Rose to enter Iowa iGaming market

Australian and US online sports betting operator PlayUp has secured market access to enter Iowa's regulated iGaming market through a partnership with licensed casino operator Wild Rose Entertainment.

PlayUp has already begun the regulatory process to gain licensure in Iowa for sports betting and will do the same once the regulatory framework is [...]

2 mins read
Ice Hockey

Bally’s signs sports betting partnership with NHL’s Nashville Predators

New York-listed Bally's Corporation has agreed its first partnership with an NHL franchise and Tennessee sports team through an agreement with the Nashville Predators.

The agreement designates Bally's as an official sports betting partner and official free-to-play partner of the Predators and its Bridgestone Arena stadium through 2025.

“From the moment sports [...]

3 mins read
Pennsylvania

Strong September for Pennsylvania operators as revenue grows to $415.7m

Pennsylvania’s regulated betting and gaming market grew by 46 per cent in September as total gaming and sports betting revenue climbed to $415.7m.

The year-on-year improvement followed strong growth in land-based slots and table games, and continued growth from the burgeoning iGaming and sports betting sectors.

Pennsylvania Gambling Comparison: September 2021 (US$)

Revenue [...]

1 min read
Entain

DraftKings and Entain to continue acquisition talks

Entain has asked DraftKings to provide clarity on a number of matters that will affect the mooted acquisition of the London-listed betting and gaming operator.

The board of Entain say that following initial discussions with DraftKings, they require “a number of matters to be satisfactorily resolved that are fundamental to the [...]

1 min read
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