Sports News


FDJ posts 7% turnover decline in 2020 despite second half recovery

Paris-listed gaming and lottery operator La Française des Jeux (FDJ) has reported a 7 per cent fall in turnover to €15.96bn in 2020, with the significant impact of COVID-19 in the early part of the year offsetting a return to growth during the second half.

Following an 18 per cent fall [...]

1 min read
Baltimore Ravens

Esports Entertainment partners with Baltimore Ravens

New York-listed Esports Entertainment Group has signed a multi-year esports partnership with the NFL’s Baltimore Ravens.

The company will serve as the Baltimore Ravens' esports tournament provider, operating bi-annual tournaments for the Ravens through its Esports Gaming League (EGL) platform.

"Our esports tournament platform continues to gain strong traction among top-tier professional [...]

2 mins read

Sportradar ad:s partners with Forza Football live score app

Sports data provider Sportradar has entered into a long-term partnership to provide its ad:s marketing solution to live score app Forza Football.

Sportradar will exclusively manage the advertising inventory within Forza Football live score app, enabling personalised messaging through its Marketing Cloud platform.

As well as working with Forza Football to maximise [...]

2 mins read

Rebranded sportsbook JBO signs as Asian betting partner of Real Betis

Asia-facing sportsbook operator JBO has taken over as the new official Asian betting partner of Spanish La Liga football club Real Betis Balompié.

The club had initially agreed a multi-year deal in August 2019 with RB88, which has now rebranded as JBO.

“We are thrilled to grow our co-operation with the group,” [...]

2 mins read

LeoVegas hits new heights in 2020 as revenue reaches €387.5m

Shares in LeoVegas gained more than 8 per cent in Stockholm Thursday morning as the online gaming operator posted record results for 2020.

The company enjoyed a strong end to the year as Q4 net gaming revenue (NGR) rose 13 per cent to a record €98.4m, with growth driven by a [...]

1 min read
MGM Resorts

MGM Resorts posts Q4 revenue decline despite BetMGM growth

New York-listed MGM Resorts International has reported a 53 per cent drop in net revenue to $1.49bn for the final quarter of 2020, as the effects of the COVID-19 pandemic continued to weigh on results.

The Q4 revenue decline was driven by lower business volume and travel activity due to the [...]

1 min read

Online gaming and betting offsets Danish land-based decline in Q4 2020

Denmark’s regulated betting and gaming market grew gross gaming revenue (GGR) by 7 per cent to DKK1.73bn (€232.6m) in the fourth quarter of 2020, despite a decline from the land-based sector due to the COVID-19 pandemic.

With restaurants, gambling arcades and land-based casinos forced to close in December 2020 to prevent [...]

1 min read

Entain extends acceptance period for Enlabs acquisition

Enlabs shareholders have been given an extra month to accept Entain’s cash offer of SEK40 per share.

The acceptance period for the offer was due to expire on February 18 but has now been extended to March 18, with settlement expected to commence on or around March 23, subject to receipt [...]

2 mins read

PointsBet named official sports betting partner of NHL

The National Hockey League (NHL) has secured a minority stake in PointsBet as part of its official sports betting partnership with the Australian and US sports betting operator.

The multi-year strategic partnership covers both the US and Australian markets and allows PointsBet to integrate content into live NHL game broadcasts on [...]

3 mins read
Svenska Spel

Svenska Spel posts 16% Online revenue growth in 2020

Swedish gaming operator Svenska Spel has posted an 11 per cent drop in net gaming revenue to SEK7.67bn (€759.1m) in 2020, as its land-based gaming operations remained closed for three-quarters of the year as a result of the COVID-19 pandemic.

After third quarter revenue declined by 8 per cent to SEK1.85bn, [...]

1 min read

Kindred Group revenue surpasses £1bn mark in 2020

Stockholm-listed operator Kindred Group saw net profit nearly triple to £165.2m in 2020 year as gross winnings revenue increased to more than £1bn for the first time.

Kindred benefited from a strong final quarter of the year as revenue increased by 54 per cent to a record £364.7m, with sports betting [...]

1 min read

Kambi Q4 revenue climbs 76 per cent on US sports betting growth

Stockholm-listed sports betting technology supplier Kambi grew revenue by 76 per cent to €46.9m in the fourth quarter of 2020, helping to drive a 27.5 per cent increase in full year revenue to €117.7m.

The record quarterly performance was driven by a packed sporting calendar which helped operator turnover to climb [...]

1 min read
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