Sportsbook

The latest sportsbook news for the gambling industry, sponsored by Metric Gaming

Growth hungry Genius Sports upgrades 2021 forecasts 

Genius Sports has upgraded its full-year 2021 financial forecasts, having disclosed peak Q2 trading which saw the sportstech group double its revenues to $59 million (Q2 2020: $27m).  Publishing its first H1 Interim results as an NYSE enterprise, Genius revealed double and triple-digit Q2 revenue outcomes across its core business units. A breakdown of Q2 performance saw Genius’ flagship Betting Technology …

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IGT creates Digital and Betting division in corporate restructure

IGT has announced a commercial re-organisation, creating a Digital and Betting business segment out of the igaming and sports betting divisions formerly part of its Global Gaming department. The third quarter of 2021 will see the group operate the business segments of the firm, which include the newly created Digital & Betting, the aforementioned Global Gaming and Global Lottery, with …

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Sportradar aims to raise $504m with IPO

Sportradar has confirmed its Initial Public Offering (IPO), with the aim of raising $504 million through floating of shares in addition to a further $159 million via concurrent private placements. The Swiss-based sports data and technology company will offer 19 million shares at a price range of $25 to $28, with the concurrent private placements taking place with Eldridge, entities …

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BetCris announces European arrival via Poland  

BetCris has marked its first foray into the European online gambling marketplace by launching its online sportsbook within Poland. The South American operator becomes the 20th business (retail and online) to be granted a gambling licence by Poland’s Ministry of Finance. An expansion into Europe had long been touted by the South American operator, which was founded in Costa Rica …

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888 wins transformative buyout of William Hill heritage assets

888 Holdings is reportedly the winning party of the hotly contested auction for William Hill’s combined UK and European business assets – put up for sale by Caesars Entertainment.  As reported by The Times, Caesars has accepted a +£2 billion buyout offer put forward by 888, out-bidding US private equity fund Apollo Global as the auction’s last remaining suitor.    Coordinated …

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Football dominates Portugal’s 2021 betting upturn

Football dominates Portugal’s 2021 betting upturn

Online sports betting in Portugal outperformed its casino counterpart in the first six months of 2021 as bettors basked in the uninterrupted live sports calendar. As revealed in Portugal Betting Focus, the latest industry report from BtoBet (available to download here), 39.9% of players placed their bets exclusively on sports betting, while 26.2% opted to bet solely on online casinos. …

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Stats Perform named FA WSL official data provider

Stats Perform has bolstered its stable of major sports organisation partners, striking a deal with the FA to become the data provider of the FA Women’s Super League (FA WSL). Under the terms of the three-year agreement, Stats Perform will generate Opta Analytics insights, covering metrics such as expected goals and assist as well as defensive coverage, from every FA …

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BGC announces support for 5,000 new apprenticeships

The Betting and Gaming Council (BGC) has detailed its role in the UK’s post-COVID economic recovery plan, with plans to invest in apprenticeships and training opportunities for young people. Under its plans, the BGC and its members have pledged to launch 5,000 apprenticeships for young people looking to work in the British betting and gaming industry between now and 2025.  …

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Sportingtech names Javier Samel as new LatAm lead

Sportingtech names Javier Samel as new LatAm lead

Javier Samel has been named as the Head of Business Development LatAm for Sportingtech where he will oversee the company’s expansion into the region. In his new role, Samel will be tasked with growing Sportingtech’s recently re-purposed and re-branded omnichannel Quantum platform, which is currently being certified in a string of markets across the continent. Samel said: “I’m very excited …

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Flutter takes £870m Kentucky ruling to US Supreme Court

Flutter Entertainment has taken its legal contest with the Commonwealth of Kentucky regarding a $870 million ruling against the firm to the US Supreme Court. Describing the ruling as having caused ‘monstrous damages’ against its commercial operations, the FTSE100 company has questioned whether “an award of statutory damages violates due process when it exceeds by a factor of more than …

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