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Kambi

Kambi agrees long-term extension in Belgium with Napoleon Sports & Casino

Stockholm-listed sports betting supplier Kambi Group has signed a multi-year extension to its partnership with leading Belgian operator Napoleon Sports & Casino.

The renewal extends a partnership first agreed in 2012 and will see Kambi continue to provide its online and retail sports betting technology to the operator.

“We are delighted to [...]

2 mins read

Connecticut set to join list of US iGaming and sports betting states

Connecticut Governor Ned Lamont has made good on his promise to bring regulated iGaming and sports betting to his state.

Governor Lamont and Mohegan Tribe Chairman James Gessner Jr. struck a deal Tuesday to modernise the state’s gaming industry and deliver tens of millions of dollars in new revenue for the [...]

1 min read

Delaware sportsbooks return to growth in January

Delaware’s regulated sports betting market returned to growth in January as total wagers increased by 28 per cent year-on-year to $11.7m.

After several months of decline due to the impact of COVID-related casino closures and restrictions, the state’s three licensed operators all recorded growth in January 2021 compared to a year [...]

1 min read

John Whittingdale MP assumes responsibility for gambling

DCMS minister John Whittingdale has assumed responsibility for gambling and will now lead the UK Government’s gambling review launched last December, taking over from Nigel Huddleston MP.

Whittingdale has previously served as Secretary of State for Culture, Media and Sport, as well as Chair of the Culture, Media and Sport Select [...]

3 mins read
IGT

IGT posts $898m loss in 2020 as revenue falls 23%

New York-listed International Game Technology (IGT) has reported a 23 per cent fall in total revenue to $3.12bn in 2020, reflecting the continued global impact of the COVID-19 pandemic.

Revenue improved during the final quarter of 2020 but was still 15 per cent lower than a year ago at $885m, with [...]

1 min read
BetMGM

BetMGM becomes exclusive regional US partner of Borussia Dortmund

US sports betting and iGaming operator BetMGM has become the exclusive regional US partner of German Bundesliga football club Borussia Dortmund.

The partnership provides cross-marketing opportunities, fan-focused social media promotions and BetMGM customer sweepstakes with special Dortmund prizes.

“BetMGM becoming the first US sports betting operator to partner with a German soccer [...]

2 mins read

Sweden records stable gambling revenue in 2020

Sweden’s licensed gambling operators generated total gross gaming revenue of SEK24.7bn (€2.4bn) in 2020, buoyed by a strong fourth quarter.

Gross gaming revenue (GGR) from online and land-based gaming fell by 0.4 per cent in 2020 according to the latest data from the Swedish tax authority.

The full year performance was buoyed [...]

1 min read

Virginia sports betting market hits $58.9m handle in first 11 days

Virginia’s nascent online sports betting market generated wagers of almost $59m in its first 11 days, despite the limited number of operators who were active during that period.

From the launch of regulated sports betting on January 21 through to the end of the month, players in Virginia wagered a total [...]

1 min read

Florida sports betting bill aims to authorise retail and online wagering

Florida House Representative Chip LaMarca has introduced legislation to regulate sports betting under the authority of the Division of Pari-mutuel Wagering.

Betting would be available to players over the age of 21 through self-service kiosks operated by the Division at retail locations, and via web and mobile applications operated by licensed [...]

1 min read
Flutter Entertainment

Flutter slips to 2020 loss as Stars’ acquisition weighs on bottom line

London-listed Flutter Entertainment has posted a 106 per cent increase in reported group revenue to £4.4bn in 2020, including results from The Stars Group (TSG) from May.

On a pro forma basis, which includes TSG’s results for both 2019 and 2020, group revenue was up 27 per cent year-on-year to £5.26bn [...]

1 min read
Scientific Games

Pandemic pushes Scientific Games’ full year revenue down to $2.72bn

New York-listed Scientific Games has posted a 20 per cent fall in total revenue to $2.72bn in 2020, as the COVID-19 pandemic impacted its core Gaming business.

The company’s full year revenue declined as COVID-19 restrictions impacted casinos globally, with the contraction in revenue from its Gaming division offsetting growth within [...]

1 min read

Nevada gambling revenue declines for 11th consecutive month

Nevada’s regulated gambling market contracted again in January 2021 as total gaming revenue fell by 27 per cent to $761.8m.

Gaming revenue declined year-on-year for the eleventh consecutive month since the start of the COVID-19 pandemic, although the market recorded growth of 11 per cent compared to the previous month’s $683.7m [...]

1 min read
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