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Churchill Downs posts record Q1 despite TwinSpires revenue decline

New York-listed Churchill Downs Incorporated (CDI) has reported a 12 per cent increase in net revenue to a record $364.1m for the first quarter of 2022, despite a decline in its TwinSpires wagering business.

The year-on-year revenue growth was driven by a 16 per cent increase in net revenue from CDI’s [...]

1 min read
BlueBet

BlueBet strengthens US executive team ahead of ClutchBet debut

Sydney-listed sportsbook operator BlueBet Holdings has strengthened its senior executive team in the United States with the appointments of Jake Francis as senior vice president of operations and Sean Phinney as SVP of marketing.

The senior appointments bolster BlueBet’s ranks in the US as the company prepares to launch its new [...]

1 min read

ATG matches first quarter revenue record

Swedish betting and gaming operator AB Trav och Galopp (ATG) has matched last year’s record performance after posting net gaming revenue (NGR) of SEK1.27bn for the first quarter of 2022.

First quarter NGR remained at the same level as last year, with Online NGR climbing 3.5 per cent to SEK1.06bn, offsetting [...]

1 min read
Kindred Group

Kindred Group sees Q1 revenue fall 30 per cent to £246.7m

Kindred Group’s revenue in the first quarter of 2022 fell by 30 per cent year-on-year to £246.7m, primarily due to the company’s temporary withdrawal from the Netherlands.

Total revenue from both B2B and B2C operations fell from £352.6m a year ago to £246.7m in Q1 2022, with B2C gross winnings revenue [...]

1 min read
Betsson

Betsson benefits from LatAm growth and strong sportsbook margin in Q1

Betsson has reported an 8 per cent increase in revenue to €170.2m for the first quarter of 2022, as the company benefited from an improved sports betting margin and rapid growth in Latin America.

Organic growth in the first quarter came in at 14 per cent, with a 45 per cent [...]

1 min read

Gambling activity in Britain remains below pre-pandemic levels

The number of people gambling in the United Kingdom continues to fall below pre-pandemic levels according to the latest data from the Gambling Commission, with the impact of the pandemic resulting in marginally more online gamblers in the past four weeks versus retail gamblers.

The survey data shows that overall participation [...]

1 min read

French online betting and iGaming market hits record high in 2021

France’s regulated online betting and iGaming market returned to growth in 2021 as total gross gaming revenue increased by 24 per cent to a record €2.16bn.

Results were buoyed by strong momentum from online sports betting and an 11 per cent increase in total active players to 5.4m, according to French [...]

1 min read

RAS Technology secures UK greyhound racing rights

Entain-backed sports data provider Racing and Sports (RAS) Technology Holdings has entered into a new long-term partnership with the Greyhound Board of Great Britain (GBGB).

The new deal will see RAS assume responsibility for the support and maintenance of GBGB’s database from May 2023, covering all greyhound racing in the UK. [...]

2 mins read

BetMakers names new chief digital officer

Sydney-listed betting solutions provider BetMakers Technology Group has promoted Dan MacDonald to its executive team as chief digital officer.

MacDonald has served as head of product since joining BetMakers in October 2020, having previously served at Australian betting operators such as BetEasy, William Hill, and Sportsbet.

“Dan has shown himself to be [...]

2 mins read
888 Holdings

888 Holdings sees revenue decline across all segments in Q1

888 Holdings has reported an 18 per cent fall in revenue for the first quarter of the year as a result of its temporary withdrawal from the Netherlands, tough trading conditions in the UK, and the impact of the strong comparable period last year.

888’s total revenue in the first quarter [...]

1 min read
New Jersey

New Jersey gambling market grows 19% in strong first quarter

New Jersey’s regulated gambling market continued its strong start to the year as total revenue from casinos, racetracks and their partners increased by 19 per cent to $1.18bn during the first quarter of 2022.

The strong year-on-year growth followed an 18 per cent increase in gaming revenue to $423.7m in March, [...]

1 min read
Sportech

Sportech names Richard McGuire as chairman to replace Giles Vardey

Sportech chairman Giles Vardey stepped down today (April 14) after almost three years in the position, with non-executive director Richard McGuire assuming the role with immediate effect.

Vardey joined the board of directors of Sportech in November 2017 and was named chairman in July 2019.

During his tenure, Sportech’s business has been [...]

1 min read
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