Racing News

Nevada gambling market returns to growth in March

Nevada’s gambling market generated total gaming win of $2.60bn in the first quarter of 2021 following a return to growth in March.

Total gaming win rose by 73 per cent year versus a year ago to $1.07bn in March 2021, the first monthly year-on-year increase since the start of the Covid-19 [...]

1 min read
Kindred Group

Kindred Group posts strong profit growth in Q1 2021

Kindred Group grew underlying EBITDA by more than 100 per cent in the first quarter of 2021 as gross winnings revenue climbed by 41 per cent compared to the same period last year.

Gross winnings revenue rose to £352.5m in Q1 from £249.7m a year ago, as the number of active [...]

1 min read

Unibet launches Watch&Bet live streaming player

Stockholm-listed online betting and gaming operator Kindred Group has launched a new bet-overlay live streaming service for its Unibet brand.

Initially available on Unibet’s iOS sports betting app, the new Watch&Bet feature will enable Unibet customers to place bets while watching the sports streams through a live-odds overlay.

The product will be [...]

2 mins read

Sweden’s ATG sees Q1 revenue grow to SEK1.5bn

Swedish betting and gaming operator AB Trav och Galopp (ATG) has reported a 11 per cent increase in total revenue to SEK1.5bn for the first quarter of 2021.

The operator said that the positive trend seen in 2020 continued into Q1, with the year-on-year revenue growth a result of restrictions implemented [...]

1 min read

Pronet Gaming set for horse racing debut with BetMakers

Pronet Gaming has expanded its platform with the addition of its first horse racing betting solution through a partnership with Sydney-listed supplier BetMakers Technology Group.

Pronet Gaming’s sportsbook customers will gain access to over 250,000 races per year from more than 20 countries around the world, including the UK, Ireland, Australia [...]

2 mins read
William Hill

Caesars Entertainment completes acquisition of William Hill

New York-listed Caesars Entertainment has today completed the acquisition of Britain’s William Hill for approximately $4.0bn, positioning the company for accelerated growth in US iGaming and sports betting markets.

Caesars will focus on its existing US joint venture with William Hill, which will now be fully integrated to offer a single-wallet [...]

2 mins read

Churchill Downs Incorporated profits as Q1 revenue grows 28%

New York-listed racing and gaming operator Churchill Downs Incorporated (CDI) has reported a 28 per cent increase in net revenue to $324.3m for the first quarter of 2021.

The year-on-year revenue growth was boosted by record performances from the company's Derby City Gaming and TwinSpires wagering businesses, as well as the [...]

1 min read

GIQ Finance: Affiliates to focus on paid media and M&A

Gaming Intelligence's continuing scrutiny of 2020 full year financial results concludes with a focus on publicly listed iGaming affiliates.

Of the publicly listed firms, market leader Better Collective emerged as the clear winner in 2020, ending the year on a high with the acquisition of Atemi Group for £40m, and [...]

1 min read

theScore out on top as gaming shares climb in Q1 2021

It was a solid first quarter of the year for industry stakeholders as the combined value of shares in the leading operators and suppliers increased by 9 per cent during Q1 2021.

Among the 50 publicly-listed operators and suppliers which make up the Gaming Intelligence stock list, 39 saw the value [...]

1 min read

Entain continues strong online growth in Q1

London-listed betting and gaming operator Entain continued its strong online growth into the first quarter of this year, although overall performance was hampered by covid-related retail closures.

Entain recorded its 21st consecutive quarter of double-digit growth in online net gaming revenue (NGR) during the first quarter of 2021, as online sports [...]

3 mins read

Scientific Games processes record 50m bets during Grand National festival

New York-listed supplier Scientific Games recorded a 34 per cent increase in bets on its platform during the UK’s Grand National horse racing festival.

Scientific Games processed 50m bets over the three-day event as on-course and retail betting remained closed due to the coronavirus pandemic, with the supplier’s OpenSports technology processing [...]

3 mins read
1/ST Bet

Xpress Bet approved to offer horse race wagering online in Michigan

Horse racing fans in Michigan now have a third mobile wagering option after the Michigan Gaming Control Board (MGCB) issued a temporary license to Stronach Group’s Xpress Bet.

The temporary license approval follows the signing of a third-party facilitator agreement between Stronach Group’s 1/ST and Northville Downs, Michigan’s only licensed racetrack.

Xpress [...]

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