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Fantasy Sports News

GridRival strengthens advisory board with sports and gaming appointments

Motorsport-focused fantasy sports startup GridRival has bolstered its advisory board with executive talent from the fields of iGaming, investment and motor racing.

Ahead of the launch of its daily fantasy sports offering this summer, GridRival has appointed three new members to its advisory board - iGaming investor Lloyd Danzig, NASCAR managing [...]

3 mins read
Scout Gaming Group

Scout Gaming seeks to raise funds amid staff cuts

Shares in Scout Gaming Group slumped by more than 40 per cent in Stockholm Thursday morning after the fantasy sports supplier announced significant redundancies.

The company plans to eliminate more than 50 per cent of its workforce, cutting headcount to 63, while also overhauling its senior management team and bringing in [...]

1 min read

NFL Players Association acquires stake in Sports Data Labs

The NFL Players Association (NFLPA) has acquired a stake in California-based real-time performance data specialist Sports Data Labs.

Alongside the ownership stake, the NFLPA has agreed a landmark partnership to revolutionize monetization opportunities for NFL players through the collection and use of their performance data.

This will see SD Labs collect and [...]

1 min read
Scout Gaming Group

Scout Gaming seals exclusive Norsk Tipping fantasy sports deal

Stockholm-listed B2B fantasy sports provider Scout Gaming has secured an exclusive supply deal with Norwegian state-owned monopoly operator Norsk Tipping.

Scout Gaming has been providing a limited free-to-play fantasy sports product to Norsk Tipping over the past two years, but will now be able to provide a full offering to the [...]

2 mins read
Pennsylvania

Pennsylvania gambling revenue climbs to $447.8m in May

Pennsylvania’s licensed betting and gaming operators posted another solid month of growth as total revenue from all forms of regulated gambling increased by 8 per cent to $447.8m in May 2022.

The year-on-year revenue growth was driven by strong performances in sports betting, iGaming and land-based gaming, with fantasy contests the [...]

1 min read
Danske Spil

Danske Spil grows Q1 revenue despite lottery and iGaming decline

Denmark’s state-owned gaming operator Danske Spil has posted a marginal increase in gross gaming revenue to DKK1.12bn (€150.4m) for the first quarter of 2022, despite a decline in sports betting and online casino.

Gross gaming revenue (GGR) from the company’s core Danske Lotteri Spil division fell by 3 per cent versus [...]

1 min read
Arizona

Arizona sportsbooks collect record $691m in March

Arizona’s regulated retail and online sports betting market hit new heights in March as total sports wagers reached nearly $691m.

Wagers at the state’s 17 operational sportsbooks increased by 40 per cent compared to the previous month, comprising $687.7m in online sports wagers and $3.3m in retail wagers.

Arizona Sports Betting Handle: [...]

1 min read
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

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
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