On the back of a successful second quarter of 2018, turnkey sports betting service Kambi is setting its sights on expansion across a number of key markets. Aided by the beginning of the Russia World Cup, hailed as “a huge success for Kambi and our operators, with turnover, revenues and active players reaching all time highs” by CEO Kristian Nylén, …
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Kambi hails World Cup and SCOTUS in latest interim report
Sports betting technology and software supplier Kambi Group Plc has reported a strong financial performance in the group’s Q2 2018 interim report. Year-on-year revenues have shown a 25 per cent growth for the second quarter of 2018, reaching €17.6m (15.65m) from the previous years €14.1m (£12.54m), aiding a 20 per cent H1 jump from €28.3m (£25.1m) to €34m (£30.2m). Addressing …
Read More »Income Access deal marks further PA iLottery growth
Income Access has announced a fresh deal with the Pennsylvania Lottery, building upon the “first of its kind” agreement inked with the Michigan state lottery earlier in the year, which is designed to promote PA iLottery enrolment The Paysafe Group’s marketing technology and services provider is to utilise its platform to power the new program, which is also set to …
Read More »Kambi and Rush Street Interactive reach sportsbook agreement
Kambi has signed a multi-year deal to provide its sportsbook and innovative technology to Rush Street Interactive, following the decision by the United States Supreme Court to fully repeal the country’s federal sports betting ban. Launching within selected states where permitted, the deal covers the provision of online and retail services, in addition to stretching to markets outside of the …
Read More »SBTech aids Churchill Downs’ US iGaming & sports betting entry
Announcing its entry into real money online gaming and sports betting markets, Churchill Downs Incorporated (CDI) has penned a strategic partnership with SBTech to utilise the firms integrated technology platform. The move will see SBTech supply a US facing iGaming platform allowing CDI to manage both its sports wagering and iGaming operations, in the aftermath of the US Supreme Court’s …
Read More »Sportech to upgrade Parx Racing Pennsylvania mobile & web services
Pennsylvania based racetrack operators Keystone Turf Club and Bensalem Racing Association have appointed Sportech Racing & Digital to upgrade the web and mobile betting solutions for its Parx Racing venue. The agreement sees the Sportech Plc division, extend its totalisator services at Parx Racing, through its agreement with Bensalem and its syndicated off-track betting locations. Deal stakeholders inform, that Parx …
Read More »Winning Post – How 2017 shaped up for the gambling industry
Regulus Partners, the strategic consultancy focused on international gambling and related industries, takes a look at how the gambling industry fared this year in its ‘Winning Post’ column. 2017 in review: growing up? Three key themes dominated the changing shape of the online gambling market in 2017: continuing channel shift, the continued march of Point of Consumption regimes, and increased …
Read More »Business Briefs – featuring loopholes, knockouts and whip cracks
This latest edition features a returning gaming congress, partnerships, expansions and huge fines being issued in the USA. Atlantic City to train youths Fifteen minority youths in Atlantic City are to receive speciality construction based training, courtesy of a new 12 week initiative. Upon completion a jobs connection with Hard Rock Hotel and Casino will be made, with the company’s …
Read More »Smarkets customer pockets £165k as Trump defies election odds
Smarkets betting exchange has revealed that one of its customers pocketed £165,000 after successfully trading on the US presidential race. Having been given just a 10% chance of success midway through the election night, Republican candidate Donald Trump secured victory in the race to the White House after a shock victory in Wisconsin put him over the required 270 electoral college …
Read More »Paddy Power counts the costs of its early Clinton payout
Paddy Power has suffered its biggest ever political payout, after being hit for over $4.5 million by customers who backed Donald Trump to become the 45th US President. The Irish bookmaker is counting the costs of its decision to pay out £800,000 on a Hillary Clinton victory back in October. Aided by the reopened FBI investigation into Clinton’s use of …
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