LeoVegas AB has reported a difficult opening to 2023 trading, having registered a group-wide decline in revenues across key markets. The new property of MGM Resorts, LeoVegas reported total quarterly revenue of €95m, a 4% decline on previous year income of €98.5m, whilst EBITDA also declined 3% from a Q1 2022 loss of €2m to a deeper loss of €3m. …
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The UK is known for its affinity for sports content, among many other things. Whether it’s football, horse racing, rugby or even Formula 1, bettors in the UK are arguably some of the greatest consumers of sports in the world. For betting companies, this presents a whole host of opportunities to tap into new audiences – an opportunity that BetGames …
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MyRacehorse has announced the hiring of two-time Classic-winning Jockey Ted Durcan as the group’s new Bloodstock Consultant in the UK and Ireland The micro-share horse racing syndicate will work with Durcan to select horses both at public and private auctions as the company looks to expand its portfolio of horses available for customers to purchase. Kate Hardy, Director of Operations …
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The UK Gambling Commission (UKGC) has revealed that British gross gambling yield (GGY) during Q3 2022/23 financial year dipped slightly by 2% to £1.2bn. Data from the UK’s ‘biggest operators’, encompassing around 80-85% of the online betting and gaming market, the UKGC determined that betting and casino revenue declined by 8% and 3% respectively. Total online betting gross gambling yield …
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At a time when the forthcoming regulatory review could shake the UK betting sector to its core, predicting the future has become a much-desired skill for operators with a stake in the country. In the absence of a betting industry-specific crystal ball, firms such as kwiff have had to make their own judgements on what the future may bring, and …
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Having achieved broad success in 2022, XLMedia (XLM) expects its financial performance to fall in line with pre-close expectations, anticipating steady revenue growth of 9.7%. With its full year results for 2022 due for publication in March, the sports betting publishing company foresees revenue of $73.7m (2021: $66.5m) and Adjusted EBITDA of between $16.1m and $16.6m. A London AIM-registered business, …
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GAMSTOP has continued to see an uptick in restorations, as the UK self-exclusion service revealed that 84,000 people signed up over the past year. The highest annual figure since GAMSTOP’s launch in 2018, the figure marks an increase of 5% over the past six months and 6% over the full year, in comparison to 2021 standings. In total, this brings …
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As the 2022 FIFA World Cup gets underway, Flutter Entertainment has confirmed that the Qatar-based competition is set to be the most popular betting event of the calendar year for the group. The sports betting, gaming and entertainment provider’s UK and Ireland brands – Sky Betting & Gaming, Paddy Power and Betfair UK – have predicted over £300m in overall …
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As one of the more mature betting markets, Europe still holds a wealth of opportunities for expansion – something that FSB has been capitalising on. Over the last few months, FSB has expanded its partnership portfolio across a host of markets as well as at home in the UK – all the while, it has also been making significant moves …
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In a two-part series for SBC News, Delasport takes a deep dive into the history of sports betting, shedding some light on what lies ahead for this burgeoning industry. Sports betting has been recorded as far as 2000 years ago. Since there have been sports, people have been compelled to bet on the results. Regulation on sports betting was first …
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