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BlueBet

BlueBet posts record Q3 in first cash flow positive quarter since IPO

Australian and US betting operator BlueBet Holdings has reported a 26 per cent increase in turnover to a record AUD$151.6 million for its fiscal third quarter ended 31 March.

Buoyed by a 14 per cent rise in active customers to 73,089, the year-on-year turnover growth was driven by continued market share [...]

1 min read

OpenBet agrees deal to enhance TAB sportsbook in Australia

OpenBet is bringing its retail sports betting capabilities to Australia for the first time as part of a new sportsbook technology deal with Tabcorp.

OpenBet will integrate a series of online and retail products, including its fixed odds betting platform and trading system for its content portfolio, to enhance the offering [...]

3 mins read
Kindred Group

Kindred Group sees growth slow as US exit nears

Kindred Group has posted almost flat first quarter revenue of £307.7 million, up from £306.4 million a year ago.

Gross winnings revenue from Kindred’s consumer facing business was flat at £297.6 million in Q1 2024, with 84 per cent of this revenue earned in locally regulated markets.

On a constant currency basis, [...]

1 min read

France gambling revenue surpasses €13 billion in 2023

France’s annual gambling revenue rose by 4 per cent to a new record of €13.4 billion in 2023, with all sectors of French gambling showing year-on-year growth.

Française des Jeux (FDJ) reported revenue of €6.64 billion in 2023, which was a new high for the business, although all the growth came [...]

1 min read
DraftKings

DraftKings names first chief responsible gaming officer

DraftKings has announced the appointment of Lori Kalani as its first chief responsible gaming officer.

Kalani previously served as a partner at Washington DC-based law firm Cozen O’Connor, and co-chair of the State Attorneys General practice.

As DraftKings’ first chief responsible gaming officer, she will oversee the continued elevation and integration [...]

2 mins read

Norsk Rikstoto revenue declines 4% in 2023

Norway’s state-owned horse race betting operator Norsk Rikstoto has returned NOK516 million (€44.0 million) to Norwegian equestrian sport, despite posting a 4 per cent drop in gross gaming revenue in 2023.

Turnover from racing products was 4 per cent lower at NOK3.14 billion during the year, of which NOK1.75 billion was [...]

1 min read

888 predicts return to growth after Q1 revenue falls 3%

888 Holdings expects to return to growth in the second quarter after posting a 3% fall in group revenue to £431.2 million in Q1 2024.

The year-on-year fall in first quarter group revenue was driven by a 10 per cent fall in betting revenue to £159.0 million, which offset growth of [...]

1 min read

Macau gaming revenue grows by 65% in Q1 2024

Macau’s casino gaming revenue grew by 65 per cent to MOP57.33 billion (€6.68 billion) in the first quarter of 2024, the highest total since Q4 2019.

Baccarat revenue in Macau was up by 68 per cent to MOP48.97 billion, with MOP34.59 billion coming from mass gaming tables and MOP14.38 billion from [...]

1 min read

idPair readies launch of national gambling self-exclusion program in US

New Jersey-based safer gambling technology provider idPair is preparing to launch a new national voluntary self-exclusion (NVSEP) program across the United States.

Pending regulatory and other necessary approvals, the program is expected to initially launch in summer in the New England region (Maine, Vermont, New Hampshire, Massachusetts, Connecticut and Rhode Island), [...]

2 mins read
Entain

Entain weighed down by poor UK & Ireland performance in Q1

Entain has reported a 4 per rise in net gaming revenue for the first quarter of 2024, although on a proforma constant currency basis, Group NGR was 3 per cent lower than Q1 2023.

Entain’s core UK and Ireland segment recorded a 7 per cent fall in revenue on both a [...]

1 min read

Danish gambling revenue increases 18% in February

Gambling revenue in Denmark increased by 18 per cent to DKK587.1 million (€78.7 million) in February, with growth in all sectors of the market.

Betting revenue was up by 33 per cent to DKK177.8 million, with mobile betting performing best with a 66 per cent rise to DKK124.0 million. PC-based betting [...]

1 min read

BetMakers and Kambi agree fixed odds partnership

Kambi is strengthening its horse racing offering through a partnership with BetMakers Technology Group.

The partnership will see Kambi integrate BetMakers’ Price Manager fixed odds wagering solution, offering operator partners a “revenue driving racing offering” to complement its existing racing product and pricing capabilities.

“As Kambi serves an ever-bigger segment of the [...]

2 mins read
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