Racing News


Strong year of growth for PointsBet as US contribution grows

Australia and US sports betting operator PointsBet Holdings has reported a 191 per cent increase in net win to AUD$82.1m for its fiscal year ended 30 June, benefiting from a strong performance during the final quarter of the year.

Turnover in the final quarter rose by 58 per cent year-on-year to [...]

1 min read

XB Net expands UK presence with GentingBet supply deal

North American horse and greyhound racing provider XB Net has signed a supply deal with GentingBet, the UK sportsbook arm of Genting Casinos.

XB Net will provide GentingBet’s FSB Technology-powered sportsbook with pictures, betting data and odds from over 50 North American tracks and 25,000 races a year.

“From Malaysia to New [...]

2 mins read

Swedish iGaming growth driven by minority of licensed operators

The latest figures from Swedish gambling regulator Spelinspektionen show that the regulated iGaming market grew by 6 per cent year-on-year in May, despite the majority of licensed operators recording a decline for the month.

Online betting and gaming was the only segment of the regulated Swedish gambling market to grow revenue [...]

1 min read

Hong Kong Jockey Club seasonal turnover slips to HK$121.6bn

The Hong Kong Jockey Club (HKJC) has reported a 3 per cent drop in total racing turnover to HK$121.6bn (€13.8bn) for the 2019/20 season, its third highest performance in a season, despite the impact of COVID-19.

Turnover on Hong Kong racing by Hong Kong customers fell by 8 per cent due [...]

1 min read
GVC Holdings

GVC buoyed by strong online performance in first half of 2020

London-listed betting and gaming operator GVC Holdings has reported a 19 per cent increase in online net gaming revenue for the first half of 2020, although overall results were impacted by the COVID-19 pandemic.

Total net gaming revenue (NGR) fell by 11 per cent year-on-year in H1, with UK Retail NGR [...]

1 min read

PointsBet partners BetMakers to enter US horse racing market

Australian and US sports betting operator PointsBet Holdings has become the first online sportsbook in New Jersey to sign up for BetMakers’ new fixed odds horse race betting solution.

The agreement will see BetMakers provide its wagering technology solutions, including data and pricing services, as the operator looks to offer its [...]

3 mins read

Kindred Group expects second quarter revenue to climb to £235m

Shares in online gaming operator Kindred Group were on the rise in Stockholm Wednesday morning after the company announced an expected 4 per cent increase in second quarter revenue to £235m.

With the exception of sports betting, which was negatively impacted by the cancellation of sporting events, Kindred grew revenue from [...]

1 min read

Virtual Live Racing appoints industry veteran to expand US presence

Isle of Man-based developer Virtual Software has brought in Joey Michaels as vice president of business development as it looks to expand its B2B virtual sports product in the United States.

Michaels has 35 years’ experience in senior management roles within the horse racing industry, including stints at eBet Technologies, Sportech, [...]

2 mins read

Data shows fall in UK gambling participation during lockdown

The UK Gambling Commission (UKGC) has published new data on the impact of the COVID-19 lockdown on gambling behaviour, revealing an overall decrease in active players accounts between April and May.

The latest data from the UKGC and YouGov COVID-19 Tracker reflects two months of full lockdown in April and May, [...]

1 min read

UK Lords report calls for overhaul of gambling regulations

The House of Lords Select Committee on the Social and Economic Impact of the Gambling Industry has released its report into gambling harm in the United Kingdom.

The report is based on oral and written evidence submitted to the committee in 2019 and early this year by a wide range of [...]

1 min read

Gaming shares rebound in second quarter of 2020

After seeing their shares decimated by the havoc wreaked by the Covid-19 pandemic in March, the majority of the 50 publicly-listed operator and suppliers that make up the GI Stock Index saw their shares rally between 1 April and 30 June, making up some of the losses in Q1 2020.

After [...]

1 min read
Oslo Norway

Norway releases new gambling legislation

The government of Norway has opened a public consultation on proposed changes to the country’s gambling legislation.

The proposal would see Norway’s three existing gambling laws - the Lottery Act, the Gambling Act and the Totalizator Act - combined into one piece of legislation under the authority of the ministry of [...]

1 min read
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