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Groupe FDJ lauds its improved operating efficiencies to overcome a year of stagnant results in its flagship Française des Jeux (FDJ) lottery offering. This morning, the Paris Euronext gambling group published its full-year 2023 accounts, declaring corporate revenues of €2.61bn, up 6% on FY2022 comparative income of €2.46bn. Corporate leadership underlined new efficiencies achieved in 2023, as FDJ’s recurring EBITDA …

Betsson AB has proclaimed a second successive year of record-breaking financial results and KPIs as it celebrates its 60th year in business. Publishing its full-year 2023 results this morning, the Stockholm-listed gambling group’s corporate revenues stood at €948m, up 22% on FY2022 results of €777m. Year trading saw the firm register a 60% increase in EBITDA to €262m (FY2022: €173m) …

Vlad Kaltenieks, CEO of BoyleSports, outlines the operator’s strategic vision to enhance fan engagement in horse racing, potential challenges or opportunities arising from the new Irish regulatory Bill and the overall importance of the sport in the country. SBC: Is horse racing BoyleSports’ primary sports sponsorship focus in Ireland or does it form part of a multi-dynamic marketing strategy?   VK: …

Gaming Innovation Group (GiG) has achieved record-breaking financial results as the tech group moves to split its platform and media units into standalone businesses in 2024. Publishing its Q4 and full-year 2023 results this morning, GiG concluded its final quarter as a combined sportsbook platform and igaming media supplier, achieving ‘all-time high’ revenues of €35.6m, up 37% on the corresponding …

Catena Media Plc has initiated an extensive internal investment programme to advance its tech platform and AI capabilities, as investors are warned that challenging trading conditions will continue until the second half of 2024. The Stockholm-listed igaming media group published its full-year 2023 results, reporting a dire close to year trading, registering Q4 revenues of €14.5m, a decrease of 41% …

Further restrictions on online gambling are under discussion in the Netherlands, as the ChristianUnie (Christen Union) urges the Minister for Legal Protection, Franc Weerwind, to propose the addition of a ‘universal financial loss limit’ to the Remote Gambling Act (KOA Act). The proposal for imposing an “overarching loss limit” across all 27 KOA-licensed operators has the endorsement of CU Party …

Kindred Group Plc will continue to prioritise enhancing operating efficiencies and cost controls, with shareholders set to vote on the future of the Stockholm online gambling group. The focus on cost controls is required as Kindred published its Q4 and full-year 2023 results this morning, revealing period corporate losses of £19m (Q42022: £52m). Full-year accounts see profits ‘before tax’ decline …

The Presidents and Councillors of Italy’s 20 autonomous regions and 100 municipalities have been advised to support the government’s plans to reorganise gambling. The plea was cited by the Conferenza Unificata (CU), the body charged with fostering cooperation between the Italian state and the governments of autonomous regions and municipalities. The CU has reviewed the government’s reorganisation decrees for land-based …

Brazil has advanced the launch of a regulated federal sports betting marketplace in 2024, as the Ministry of Finance fulfills the key requisite of forming a ‘Special Secretariat’ to monitor and report on market activities. Detailed via a decree published by the Ministry of Finance, the Brazil ‘Bets’ marketplace will be supervised by the ‘Secretaria de Prêmios e Apostas (SPA)’ …

Endeavor Co, the NYSE-listed sports and entertainment fund, has announced that it has integrated the business of IMG ARENA “under the banner of OpenBet”. The strategic decision to combine both technology businesses is required to execute commercial opportunities servicing key clients within the global sports betting and gambling sectors. As announced this morning: “The integrated entity will leverage the individual …