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Business News and Headlines
Business
May 12, 2023
The Rank Group Names Jon Martin Chief Operating Officer
The fast-growing and popular gambling company based in the UK, The Rank Group, strengthened its senior-level team by confirming a new promotion. The company has announced that it promoted Jon Martin, one of its valuable senior-level members, to the newly created role of chief operating officer. Although details regarding the new promotion emerged recently, The […]
Business
May 11, 2023
GAN Is Optimistic about 2023 Despite Suboptimal Q1 Results
GAN, a major NA B2B provider of iGaming technology provider and an International B2C operator of online sports betting, has published its Q1 2023 report, highlighting its performance during the three months ended March 31. GAN reported total revenue of $35.1 million, representing a slight 6% year-on-year decrease. Both the B2B and B2C verticals were […]
Business
May 11, 2023
Codere Online Net Gaming Revenue Soars in Q1 2023
The leading online gambling operator in Latin America and Spain, Codere Online, released a new trading update, revealing details regarding its performance for the first quarter of 2023. The recent preliminary figures reveal that the company enjoyed a busy quarter and has seen strong growth in net gaming revenue which hit €39.5 million ($49.1 million) […]
Business
May 11, 2023
Nuvei Establishes Good Baseline for Future Growth in Q1 2023
Nuvei reported that its total volume increased to $42.4 billion, or a 45% gain for the period ended March 31, 2023. The company saw revenue increase by 20% to $256.5 million, which was mostly based on eCommerce. Nuvei Marks Big Regional Gains, Improved Financial Outlook The results also saw big regional gains, with the North […]
Business
May 11, 2023
Kambi to Pioneer Retail Betting in Nebraska with WarHorse Gaming
Kambi Group, a company describing itself as “the world’s most trusted sports betting partner,” has expanded its US footprint with a new Nebraska-oriented partnership. As announced by the supplier, it signed an on-property sportsbook partnership with Ho-Chunk’s WarHorse Gaming. WarHorse Gaming, which is also a commercial entity under the jurisdiction of the Nebraska Racing Gaming […]
Business
May 11, 2023
Paysafe Enters Ontario with Its World-Leading Payment Solutions
With competition in Ontario at an all-time high, adopting Paysafe’s payment solutions will be a priority for many of the region’s iGaming and online sports betting companies. The move marks another milestone expansion for the payment provider as it maintains its significant North American momentum and gains access to a lucrative new market. The Company […]
Business
May 11, 2023
Kindred Launches Proprietary Platform in New Jersey
Several days after the review of its strategic alternatives, Kindred, a global gambling holding consisting of several brands, has launched its proprietary tech platform in the state of New Jersey. The platform will leverage a rich set of analytics and data to make the customer experience better and safer. Kindred Group’s in-house Kindred Platform is […]
Business
May 11, 2023
GiG Doubles Down on Baltics Market with Latvian Sportsbook Integration
The integration was accomplished with prominent sportsbook in Latvia, to name William Hill, Fenibet, and Mr Green, all of which will now benefit from the advanced sports betting platform solutions provided by Gaming Innovation Group (GiG). The news comes following a recent B2B license acquisition in the Nordics. GiG Brings Prominent Sports Betting Solutions to […]
Business
May 10, 2023
Sportradar Retains Momentum in Q1 2023 as Net Profit Falls
In its first earnings call for the year, Sportradar registered strong growth across its revenue and adjusted EBITDA metrics. The company ended the three-month period on March 31, 2023, with a strong increase in its quarterly revenue, which was up 24% from the previous quarter, posting €207.6 million ($226.2 million), keeping its momentum from the […]
Business
May 10, 2023
XLMedia PLC Expands on Partnership with Bet365 in North America
Both companies have much to gain from establishing a stronger commercial presence in the region, and bet365 and XLMedia are happy to expand on their current partnership and include this new hybrid revenue agreement. This partnership expansion comes at a time when more than $220 billion worth of sports wagers have been made in the […]