Tag Archives: Coolbet

GAN Plc’s B2C segment proved the standout performer during Q2 this year as its B2B division suffered some setbacks, causing an overall decline in group-wide revenue. The firm explained to its NYSE investors that total revenue dropped 3% during the quarter to $34m (Q2 2022: $35m), and adjusted EBITDA also fell substantially from £1.3m in 2022 to a loss of …

Coolbet has signed a partnership with Enteractive, leveraging the latter’s betting and igaming player reactivation and retention model for its Latin American operations. Originally founded in Estonia with a focus on the Nordic markets, Coolbet has been stepping up its presence in Latin American jurisdictions in recent years, especially since its acquisition by GAN in 2020. To support its transatlantic …

The Ministry of Finance of Estonia has published a ‘draft law’ recommending that the new government increase taxes on online gambling, casino games, and lottery draws.  An increase in gambling taxes is proposed as the Ministry cites significant growth in online casino revenue, which has surged by 260% from €78m in 2020 to €281m in 2022, as reported by the …

Estonia is likely to become the next European nation to propose the enforcement of a blanket ban on gambling advertising. This development follows last week’s agreement on a new ‘centrist’ coalition government formed by the Reform Party, the Social Democrats, and the Eesti 200 Party. The Baltic nation will continue to be led by Prime Minister Kaja Kallas, who has …

Latin American opportunities caught a lot of attention towards the close of last year when Brazil’s so-near-yet-so-far betting regulation story caught the headlines. However, European companies interested in the sector may have a few things to consider. Sharing his insights from the perspective of a North Europe-founded company which recently took its latest big step on its Latin America roadmap, …

Coolbet has announced it will be leaving the Ontario market next month after entering the newly regulated region last April under an iGaming Ontario (iGO) licence. The online sports betting and casino brand of GAN had previously been available to residents via a licence from the Malta Gaming Authority (MGA), but has now confirmed that it will pull out of …

Estonian sports betting company, Coolbet, has begun its sponsorship of Chilean football club Colo Colo. The Macul-based operator officially closed the sponsorship of the team in June 2022, in exchange for $3m for two seasons, with the possibility of renewing for another two years.  This makes it the largest partnership in the history of Chilean football, potentially leaving Colo Colo …

Florian Geheeb, Global Director Advertising Sales at Sportradar, and Veiko Poom, Digital Marketing Manager at Coolbet, spoke with SBC about the firms’ ongoing partnership and the way in which ad:s has become a key part of the latter’s customer acquisition strategy…   Veiko, can you tell us more about Coolbet’s collaboration with Sportradar and why you chose to incorporate the …

The International Betting Integrity Association (IBIA) has further bolstered its global rank, adding multinational betting operator Pinnacle. By joining the betting safeguarding association, Pinnacle will feed into the IBIA’s global integrity monitoring and alert platform alongside a range of other firms. The IBIA’s membership accounts for ‘nearly 50%’ of all regulated online operators, with the inclusion of Pinnacle following Coolbet …

Twenty football teams within the betting and gaming industry will hit the pitch graced by the likes of Messi, Ronaldo and Neymar to compete at the fifth SBC Football Championship, as SBC, once again, brings the industry together to battle it out in a ‘friendly’ football match.  The competition will take place on Tuesday, September 20, just before the pre-registration …