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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
Codere

Codere grows online presence as pandemic decimates retail revenue

Madrid-listed betting and gaming operator Codere has recorded a 57 per cent fall in revenue to €594.6m in 2020, with COVID-19 related closures and operational restrictions offsetting strong growth online.

The company’s entire retail operation was shuttered during most of Q2, with reopenings taking place progressively during Q3, only to be [...]

1 min read

Rhode Island sportsbooks hit record high in January

Rhode Island’s sports betting market posted a new record high in January 2021 as total wagers reached $39.8m.

The state’s two licensed sports betting operators saw total wagers increase by 48 per cent compared to the same month last year, and by 75 per cent month-on-month.

Rhode Island Sports Betting: FY 2021 [...]

1 min read
DraftKings

DraftKings raises 2021 guidance after Q4 revenue soars

New York-listed sports betting and fantasy sports operator DraftKings has reported a 90 per cent increase in revenue to $614.5m in 2020, with over half of the total generated during the final quarter of the year.

Revenue in Q4 2020 soared by 146 per cent year-on-year to $322m as major US [...]

1 min read
Entain

Entain makes final, increased offer to acquire Enlabs

Entain has increased its offer price to acquire Enlabs by 32.5 per cent, with the increased price marking the company’s final offer for the Stockholm-listed online gaming operator.

The increased offer of SEK53 per share announced Monday represents an 88.5 per cent premium on Enlabs’ volume-weighted average share price in the [...]

2 mins read
Sportradar

Sportradar secures official data partnership with Australia’s NBL1

Sportradar has signed a long-term data and audio-visual partnership with Australia’s semi-elite basketball league, NBL1.

The deal covers all national NBL1 Conferences for both men’s and women’s competitions, as well as the Victoria-based State Championship.

Sportradar has secured the official data and audio-visual rights to over 1,500 games annually, which the company [...]

2 mins read
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