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Rhode Island

Rhode Island sports handle drops 7% in April

Rhode Island’s sports handle dropped by 7 per cent to $37.5 million in April, caused by a strong decline in monthly retail betting.

Retail betting fell by 32 per cent to $10.0 million, with handle at the Twin River Casino down by 42 per cent to $5.8 million and down by [...]

1 min read
LeoVegas

LeoVegas first quarter revenue declines 4%

MGM Resorts-owned online betting and gaming operator LeoVegas struggled for growth in the first quarter of 2023 as revenue decreased by 4 per cent to €95.0 million.

In the Nordic region, net gaming revenue (NGR) fell by 3 per cent year-on-year, as tough macroeconomic conditions and negative currency fluctuations impacted revenue [...]

1 min read

Sweden reports SEK6.6 billion in Q1 gambling revenue

Gambling revenue in Sweden was SEK6.6 billion (€570.4 million) in the first quarter of 2023, unchanged from the previous year.

Commercial iGaming was the largest gambling sector in Sweden with revenue of SEK4.2 billion, although this was 1 per cent lower than the first quarter of 2022.

Sweden gambling revenue comparison: Q1 [...]

1 min read

Japan cycling wagers surpass JPY1 trillion in 2022

Wagers on Japan’s cycling races (Keirin) rose by 13 per cent to JPY1.09 trillion (€6.6 billion) in 2022, the first time in 20 years that annual turnover has surpassed JPY1 trillion.

Betting on Japan’s motorcycle racing (auto race) was also at its highest level for 15 years, with handle up by [...]

1 min read
Gaming Innovation Group

Gaming Innovation Group begins search for new CEO

Gaming Innovation Group (GiG) has begun the search for a new chief executive to replace Richard Brown.

Brown has announced his intention to step down at the end of this year, having assumed leadership of GIG in September 2019 following the departure of former chief executive and co-founder Robin Reed.

“Richard has [...]

2 mins read
Northstar Bets

NorthStar Gaming posts loss as Q1 revenue grows to $3.6 million

Canadian online betting and gaming operator NorthStar Gaming has reported gaming revenue of CAD$3.6 million in its first quarterly results as a publicly-listed company.

Total wagers in the first quarter of 2023 climbed by 24 per cent sequentially to $139.5 million, generating gross gaming revenue of $4.4 million, an increase of [...]

1 min read

bet-at-home.com struggles continue as Q1 revenue dips 5%

Frankfurt-listed operator bet-at-home.com has posted a 5 per cent drop in gross betting and gaming revenue to €13.3 million in the first quarter of 2023.

The company attributed the year-on-year decline to regulatory developments in its core market of Germany, due to the implementation of cross-product monthly betting limits from last [...]

1 min read
bet365

bet365 unveils new Platform Innovation Hub

bet365’s technology business Hillside Technology has established a new Platform Innovation Hub focussed on innovation and “process excellence”.

Based in the company's headquarters in Stoke-on-Trent, the new hub will explore the latest technologies to identify whether they can make a material and lasting contribution to the platform, and collaborate with technology [...]

2 mins read

Rivalry enjoys record Q1 as revenue grows to $12 million

Toronto-listed esports betting operator Rivalry Corp has reported record results for the first quarter of 2023 as revenue soared 151 per cent to CAD$12 million.

The record quarter was driven by a 199 per cent year-on-year increase in betting handle to an all-time high of $120.2 million, which was a 43 [...]

1 min read

Super Group grows first quarter revenue despite North America decline

New York-listed betting and gaming operator Super Group has posted a 1 per cent increase in revenue to €338.5 million for the first quarter of 2023, with results negatively impacted by declines in the North America and Asia-Pacific markets.

Online casino revenue climbed 1 per cent to €206.1 million during the [...]

1 min read
Flutter Entertainment

Flutter’s Paddy Power Betfair fined for irresponsible marketing

Flutter Entertainment, operator of Paddy Power Betfair, has been hit with a substantial fine of £490,000 for marketing to self-excluded players.

The fine relates to promotional push notifications that were sent to devices linked to self-excluded customers in the United Kingdom in November 2021, offering enhanced odds for bets on an [...]

1 min read
OPAP

OPAP widens profit as Q1 revenue tops €527 million

Greece’s leading gaming operator OPAP has reported a 15 per cent increase in gross gaming revenue (GGR) to €527.4 million in the first quarter of 2023, with double-digit growth across all business segments.

Lottery revenue grew by 11 per cent year-on-year to €188.7 million following growth in Kino and favourable jackpots [...]

1 min read
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