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Kindred Group profits as sports betting revenue soars in Q2

Stockholm-listed betting and gaming operator Kindred Group has reported a 55 per cent increase in gross winnings revenue to £363.7m for the second quarter of 2021, buoyed by a strong performance in sports betting and an all-time high in active customers.

The year-on-year growth was driven by increased sports betting activity [...]

1 min read

PointsBet names Scott Vanderwel as first CEO of PointsBet Canada

Sydney-listed online gaming operator PointsBet has appointed Scott Vanderwel as CEO of its newly established Canadian operations.

Vanderwel will join the company on 17 August, having previously served as senior vice president for Rogers Communications, where he oversaw corporate strategy, operational improvement, and digital operations. Prior to his time with Rogers, [...]

3 mins read

Bally’s ramps up US sportsbook with Sportradar deal

Sports data and technology provider Sportradar has agreed a new five-year sports betting partnership with New York-listed casino and sportsbook operator Bally’s Corporation.

The deal will see Sportradar provide Bally’s Interactive with access to its complete pre-match betting services, live betting services, and content solutions portfolio.

“Sportradar is proud to be working [...]

2 mins read

Penn National enters Arizona sportsbook market with expanded NASCAR deal

New York-listed gaming operator Penn National Gaming has expanded its market access deal with NASCAR to bring its Barstool Sportbook to Arizona.

The new multi-year agreement will see Barstool Sportsbook become the exclusive sportsbook of Phoenix Raceway, which is eligible to apply for a license to enter Arizona's newly regulated sports [...]

3 mins read

Kambi doubles H1 revenue as trading volume and margin improves

Sports betting technology supplier Kambi more than doubled revenue in the first six months of this year to €86.0m, with profit climbing to €28.4m from €1.7m in the first half of 2020.

With the comparable period last year significantly impacted by the outbreak of Covid-19, revenue in the first half of [...]

1 min read

Stake.com signs shirt sponsorship deal with Watford FC

Cryptocurrency casino and sports betting provider Stake.com has agreed a multi-year sponsorship deal with newly promoted English Premier League side Watford FC.

The financial detail of the sponsorship has not been disclosed but is described as a new club record which has been paid in cryptocurrency, making Aspire Global-powered Stake.com the [...]

2 mins read

Record second quarter for Betsson as active customers surpass 1m

Stockholm-listed betting and gaming operator Betsson has reported record profit of SEK337.9m for the second quarter of 2021 as total revenue increased by 14 per cent to SEK1.75bn.

The revenue growth came despite a 5 per cent drop in revenue from Betsson’s core casino offering to SEK1.22bn in Q2, impacted by [...]

1 min read

Genius Sports appoints Kim Williams-Bradley to board of directors

New York-listed sports data technology provider Genius Sports has appointed former NFL finance chief Kim Williams-Bradley to its board of directors.

Williams-Bradley joins Genius Sports' nine-member board as an independent director and member of both the audit and compensation committees.

She has over two decades of experience in leadership positions across the [...]

2 mins read
Svenska Spel

Svenska Spel benefits from online growth in second quarter

Swedish gaming operator Svenska Spel has reported an 18 per cent increase in net gaming revenue to SEK1.94bn for the second quarter of 2021.

The operator benefited from strong growth from its Sport & Casino business, which saw revenue double to SEK598m in Q2, with the comparable period last year impacted [...]

1 min read

Piomo acquires majority stake in Microgame

Italian gaming supplier Microgame is under new ownership following the sale of a majority stake in the company to investment firm Piomo.

The transaction involves the sale of the 91.7 per cent shareholding held by private equity firms Monitor Clipper Partners and TPG Growth, which have now exited the business.

Microgame is [...]

2 mins read

PointsBet partners Cliff Castle Casino to enter Arizona

Sydney-listed betting and gaming operator PointsBet has entered into an agreement with Cliff Castle Casino Hotel to enter Arizona's online sports betting market.

The ten-year market access deal with Cliff Castle Casino-owner Yavapai-Apache Nation gives PointsBet access to a first skin licence to operate online sports betting in the state. 

Online sports [...]

2 mins read
Elys Game Technology

Elys Game Technology completes acquisition of US Bookmaking

New York-listed sports betting provider Elys Game Technology has expanded its presence in the US sports betting market with the completion of its acquisition of US Bookmaking (USB).

Elys has paid $12m in a cash and stock deal to acquire the Nevada-based business, with up to $41.8m due in potential earnouts [...]

2 mins read
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