North America

North American news

Betfair sees odds plunge on hazy Joe’s re-election

SBC News Betfair sees odds plunge on hazy Joe's re-election

Betfair Exchange has released data on Joe Biden’s chances of re-election as US President – with the odds dramatically plummeting after an official report found the 81-year-old has a ‘hazy memory’. Biden’s odds have drifted out to 14/5 from 2/1, the operator revealed, with the President insisting ‘I know what the hell I’m doing’ and ‘my memory is fine’ in …

Read More »

Conexus Group elevates engineering resources with Locker Room Labs

SBC News Conexus Group elevates engineering resources with Locker Room Labs

Conexus Group has entered a strategic partnership with software engineering studio Locker Room Labs to elevate outsourced engineering teams for the Sports, Betting, Fantasy, and iGaming businesses. The partnership aims to integrate industry leading international consulting, recruiting, and staffing solutions from Cohort Teams and its sister company, Pentasia, with Locker Room Labs’ US-based outsourced software engineering resources and services. Chris …

Read More »

3ET inks PandaScore deal to unveil new esports offering

SBC News 3ET inks PandaScore deal to unveil new esports offering

Esports betting odds provider PandaScore has signed a new partnership with 3ET owner, Eurasia Sports Limited.  As a football and US-focused sports betting operator, the deal will allow 3ET to venture into the world of esports betting by leveraging PandaScore’s odds feed solution that covers three of the biggest esports – CS, Dota2 and League of Legends.  Robert Cruickshank, Director …

Read More »

Better Collective exceeds target revenue in “very strong” 2023 

SBC News Better Collective exceeds target revenue in “very strong” 2023 

In a new shareholder update, Better Collective revealed that it has surpassed its financial target by reaching full year revenues of €327m and EBITDA of €111m. These numbers represent an year-over-year growth of 21% and 31% respectively. Initial full-year revenue targets were set between €315m and €325m.  Approximate full-year EBITDA fell in line with the targeted €105m to €115m. The …

Read More »

BetMGM revenue flies near $2bn mark in 2023

SBC News BetMGM revenue flies near $2bn mark in 2023

Entain plc’s and MGM Resorts’ North American co-venture BetMGM has delivered its financial performance report for FY 2023, registering a positive EBITDA for H2. Financials The business saw its net revenue from operations grow by 36% year-over-year to $1.96bn, which represents the upper end of its $1.8bn to $2bn guidance range. Same-state net revenue from digital operations grew by 14%, …

Read More »

XLMedia confident 2023 revenues will match market expectations 

SBC News XLMedia confident 2023 revenues will match market expectations 

In a trading update, XLMedia has informed shareholders that it expects its revenue and adjusted EBITDA to be in line with market expectations. The update was provided ahead of its full FY23 results in early April 2024, which will provide more insight into the company’s 2023 performance and plans moving forward. According to the update, XLMedia’s FY23 revenues are expected …

Read More »

Kambi signs Inspired as exclusive virtual sports provider 

SBC News Kambi signs Inspired as exclusive virtual sports provider 

B2B gaming company Inspired Entertainment has signed a new agreement with sports betting firm Kambi Group plc to integrate the Inspired Virtual Sports product suite into the latter’s sportsbook platform. The agreement to sign Inspired as an exclusive virtual sports partner was reached after a ‘rigorous competitive procurement process’ undertaken by Kambi. For Inspired, company CEO and President Brooks Pierce …

Read More »

Bettormetrics lands Series A funding to build on ‘transformative’ sports betting analytics

SBC News Bettormetrics lands Series A funding to build on ‘transformative’ sports betting analytics

Bettormetrics has successfully attracted Series A funding from investors Bettor Capital and Velo Partners.  Launching in 2022, the UK sports betting analytics provider has managed to expand its customer portfolio across the US and Europe with bookmakers who are utilising the company’s cloud-based analytics technology.  With the new funding, Bettormetrics will seek to further grow its client base by building …

Read More »

Better Collective completes acquisition of Playmaker Capital

SBC News Better Collective completes acquisition of Playmaker Capital

Better Collective has announced the completion today of its acquisition of Toronto-based sports media group Playmaker Capital. The brand owns and operates a number of sports media brands in the Americas.  Simultaneously, Better Collective’s Board of Directors has “resolved to increase the company’s share capital with nominally EUR 17,554.29”. Accordingly, 1,755,429 new ordinary shares, each with a nominal value of …

Read More »

Jordan Levin: OpenBet DNA strengthened by IMG ARENA refresh

SBC News Jordan Levin: OpenBet DNA strengthened by IMG ARENA refresh

Jordan Levin is confident that the Integration of IMG ARENA under OpenBet will create global gambling’s most sophisticated technology business, delivering end-to-end sports data, technology and content ecosystem for betting operators and rightsholders. Levin told SBCNews following the disclosure by NYSE sports and entertainment firm Endeavor Co that it had taken the decision to merge IMG ARENA’s business with OpenBet. …

Read More »