WPT Global has announced the latest poker players and celebrity additions to its ‘Poker Heroes NFT Club‘ collection. Developed by web 3.0 innovation studio GAMAVRS, the Poker Heroes NFT Club forms part of WPT Global’s launch as the new online poker platform of the World Poker Tour (WPT), operating in over 85 countries. NFT rewards and experiences have been placed …
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EBET attributes 166% quarterly revenue rise to European expansion
Esports betting operator EBET has reported a quarter-on-quarter revenue increase of 166%, shortly after rebranding from its former identity as Esports Technologies. As of 31 March 2022, EBET’s Q1 revenue stood at $19 million, with a gross profit of around $7 million and a cash position of $7.1 million – figures the firm attributed to acquisitions in the European sports …
Read More »Playtech and Paysafe partnership undergoes transatlantic expansion
Paysafe and Playtech’s partnership has expanded from the US to the UK and Europe, offering payment solutions to operators in the continent. The transatlantic business move will see Playtech offer Paysafe’s technology platform and payment products to the European betting and gaming markets. Specifically, Playtech’s igaming Player Management System and Information Management System platforms will be made available, allowing access …
Read More »IGT Q1 growth stalled by global lottery pains
IGT Plc has reported financial results for the first quarter ended March 31, 2022, showing overall revenue slightly ahead despite a drop in operating income during the trading period. According to the headline figures, consolidated revenue came in at $1.1bn, up 4% as reported and 7% at constant currency, from $1bn in the prior year. Global Gaming revenue increased 42% …
Read More »Rivalry expands into second regulated market with Australian entry
Canadian sportsbook and esports betting provider Rivalry Corp has gained market access in Australia, securing a licence from the Northern Territory Racing Commission (NTRC). The development marks Rivalry’s second market entry, building on last month’s launch in the Ontario market, and the firm has detailed it has already accepted deposits and bets in Australia. Under the conditions of the Racing …
Read More »GiG achieves peak media performance ahead of Sportnco revitalisation
Gaming Innovation Group (GiG) has outlined its confidence in achieving its full-year 2022 commercial and strategic objectives, following a strong start to year trading. Publishing its Q1 trading update (period ending 31 March), GiG achieved ‘all-time high’ corporate revenues of €19 million up 27% on corresponding 2021 results of €15 million. Of significance, the Stockholm Nasdaq firm underlined that all …
Read More »Better Collective cools Spotlight Sports M&A speculation
Better Collective AS has branded UK media reports as ‘highly speculative‘ of its’ front runner interest’ in acquiring Spotlight Sports Group for £500 million. This weekend, The Sunday Times reported that private equity fund Exponent LLP, the majority investor of Spotlight Sports since 2016, had placed its racing and betting media asset ‘under starters orders‘ for a sale to be executed in …
Read More »888sport renews UK and Ireland-facing NFL partnership
888sport has provided another boost to its sports marketing in the UK and Ireland, renewing its regional agreement with the National Football League (NFL). The contract extension will see 888Holdings wagering brand continue as the NFL’s sports betting partner in the UK and Irish markets until 2025, with the arrangement having been in place for the past two seasons. This …
Read More »Kindred becomes a target of Corvex activist fund
Activist investment fund Corvex Management LP has disclosed to the Stockholm Nasdaq that it has built up a 10% shareholding in Kindred Group Plc. Corvex is led by seasoned activist investor Keith Arlyn Meister, a former principal of Icahn Enterprises – the private investment fund of US finance magnate Carl Icahn. The New York fund began to accumulate its 10% …
Read More »Aspire Global revenue climbs to €46m as momentum maintained on B2B refocus
Aspire Global has maintained ‘continued strong business momentum’ in the first quarter of 2022 according to CEO Tshashi Maimon, as the group prepares to move forward with its €410 million merger with NeoGames. The international B2B gambling group recorded an increase in Q1 revenues of 31.7% to €46.3 million (Q1 2021: €35.2m), along with a rise in EBITDA of 18.7 …
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