Cost cutting helps push net profit up 22.7% at Kindred in Q1
Revenue at Kindred for the three months to 31 March was only marginally higher year-on-year. The £307.7m reported for Q1 was 0.4% ahead of £306.4m in 2023. However, lower spending allowed net profit...
View ArticleKambi revenue marginally lower during mixed Q1
Revenue for the three months to 31 March was €43.2m (£37.1m/$46.2m). This was only 1.8% behind the €44.0m reported by Kambi in Q1 of last year. This decline, Kambi says, is in line with expectations...
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NFL reinstates Isaiah Rodgers
Rodgers has contended all along that while he did wager, it was on behalf of friends. Rodgers was playing for the Indianapolis Colts at the time of his suspension. Sports betting is legal in Indiana,...
View ArticleArkansas casino taking unique approach to get online gambling legalised
Six years ago voters legalised an expansion of gaming in the state of Arkansas. This included up to four brick-and-mortar casinos, in-person and online wagering and online poker. The law does not...
View ArticlePointsBet igaming net win fuels capital return for investors
Net win for igaming alone totalled AU$5.5m (£2.8m/€3.3m/$3.5m), which all came from PointsBet’s Canadian operations. Net win for sports betting hit $65.1m, up by 22.3% yearly. This brought the total...
View ArticleOdds On Compliance and US Integrity complete merger
Odds On Compliance and US Integrity announced the merger agreement in October of last year. This combination focuses on developing new compliance and integrity solutions. The newly named IC360...
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Evolution operating revenues top €500m over start of 2024
Evolution released its Q1 report on Wednesday (24 April). Operating revenues reached €501.5m for the quarter. This was up 5.5% on Q4 and ahead of the €429.6m it accumulated in the same quarter last...
View ArticleSkores Media secures Stags Participations and MI3 as shareholders
The transaction forms part of a primary leveraged buyout (LBO), with the aim of accelerating the company’s development. Stags and MI3 become minority shareholders alongside the founders of Skores...
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Outgoing KSA chair Jansen calls for further RG action at land-based venues
In October, it was announced Jansen was to stand down from his role with the KSA. He will depart when his current term ends on 1 October 2024. Jansen will have spent six years leading the KSA by the...
View ArticleUkraine parliament votes to dissolve gambling regulator KRAIL
The move will likely result in a significant shift in the way Ukraine gambling is governed and regulated. The vote took place today in Ukraine’s parliament, the Verkhovna Rada, on 24 April. The vote...
View ArticleBlueBet reports Q3 gains as Betr acquisition gets under way
Turnover was AUS$151.6m (£79.1m/€92.1m/US$98.5m), driven by improvements in BlueBet’s sports, horse racing and greyhound racing segments. Turnover in Australia alone was AUS$139.6m, up by 17.2%....
View ArticlePENN opens first ESPN BET retail sportsbook in Detroit, ahead of NFL draft
The new location at the Hollywood Casino at Greektown is less than a mile from the site of the draft, and will host a variety of ESPN programming through the week, according to a press release. ESPN...
View ArticleTime running short for Alabama gambling expansion
A call to the Alabama house of representatives confirmed that the meeting was off for Wednesday (24 April) with no reschedule date. The legislature is now scheduled to close on 5 May. This will leave...
View ArticleRevenue reaches record $590.9m at Churchill Downs in Q1
Revenue for the three months to 31 March was up 5.6% from $559.5m in the same period of last year. It is also a new, all-time quarterly high for CDI. This also follows on from a record 2023 for CDI....
View ArticleGLPI adds Hollywood film producer Chase to board
Chase will now serve as an independent director on the GLPI board, with her appointment effective immediately. She will also join the board’s Nominating and Corporate Governance committee. Chase is...
View ArticleAffinity Interactive appoints experienced Butera as new CEO
Butera will set strategy and oversee operations of Affinity Interactive casinos resorts across Nevada, Missouri and Iowa. He will also lead all print and online media platforms, including Daily Racing...
View ArticleLottomatica completes SKS365 acquisition
The deal, agreed in November 2023, places an enterprise value on the business of €639m (£548m/$685m). Lottomatica says the agreement covers 100% of SKS365 Malta’s share capital. At the time,...
View ArticleBulgarian bill would ban almost all forms of gambling advertising
The bill was jointly submitted by the GERB-UDF and the Movement for Rights and Freedoms. It was introduced by Temenuzka Petkova and Yordan Tsonev. The bill aims to amend Bulgaria’s Law on Gambling. It...
View ArticleHorse racing growth drives ATG revenue up to SEK1.3bn in Q1
Revenue is the highest ATG has ever recorded in a Q1, as well as a 9.2% increase on the same quarter last year, when it reported SEK1.19bn in NGR. That revenue growth was primarily down to increases...
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IBIA reports 64.7% increase in Q1 suspicious betting alerts
Additionally, the IBIA’s Q1 figure was 12.0% above the revised total of 50 alerts from the same quarter last year. The alerts came from six sports across 21 countries and five continents. The IBIA...
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