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Industry News and Headlines
Industry
August 4, 2022
PENN Entertainment Posted Q2 2022 Results, Changed Name
Penn National Gaming released its report reflecting the company’s performance in the second quarter of the year and announced its new name, PENN Entertainment. Net Income Sank PENN reported $1.63 billion in revenue for the three months ended June 30, 2022, to post an increase of 5.2% compared to $1.55 billion in second quarter 2021 […]

Industry
August 4, 2022
Bally’s Reported Q2 2022 Results, Revised Full Year Guidance
Hospitality, gaming and entertainment company Bally’s Corporation released today its financial results for the second quarter of the year posting 106% growth in revenue year-over-year. Revenue more than Doubled For the three months ended June 30, 2022, Bally’s Corporation generated revenue of $552.5 million to more than double the $267.7 million the gaming and entertainment […]

Industry
August 4, 2022
Kindred Group GM Neil Banbury Discusses UK Football Shirt Sponsorships
Neil Banbury, general manager at online gaming operator Kindred Group, shared his insight on how gambling advertisements on football player shirts related to other industry misconceptions. The proposition to ban shirt sponsorships is a hotly contested part of the UK’s upcoming gambling reform. The most recent consensus is for Premier League clubs to preemptively accept […]

Industry
August 4, 2022
GamCare to Fight Gambling Harm in UK Criminal Justice System
Interventions Alliance, an organization focused on offering support, advice, and guidance to people in the criminal justice system, announced its newest partnership with gambling-focused UK charity GamCare. The two groups will help reduce gambling-related harm among UK’s prison populations. The New Initiative Will Provide CBT Courses for Prisoners A recent post on the Interventions Alliance […]

Industry
August 4, 2022
Research: Lockdown Gambling Advertising in the UK Skyrocketed
Two separate university studies on gambling advertising spend found out that operators increased the amount of gambling advertising by nearly 50% during the winter lockdowns despite acknowledging people’s anxiety. Ads Stir Problem Gamblers to Spend More The studies from the Universities of Glasgow and Stirling revealed that the amount spent on gambling advertising reached new […]

Industry
August 3, 2022
Better Collective Signed Partnership with The Chicago Tribune
Sports betting media group Better Collective announced today it has entered into a partnership with The Chicago Tribune to complement the offering of the leading source of news and information in the Midwest with betting content. Deliver Engaging Sports Betting Content The new agreement between Better Collective and Chicago Tribune will see the sports betting […]

Industry
August 3, 2022
IGT’s Second Quarter 2022 Financial Performance Stalled
Supplier of gambling technology, software and equipment International Game Technology (IGT) announced Tuesday its second quarter 2022 results and revealed the business is slowing down. Revenues Showed the Business Stalled For the three months ended June 30, 2022, IGT showed total consolidated revenue of $1.02 billion, down 2% from $1.04 billion for the same three […]

Industry
August 3, 2022
Google Sanctioned €750,000 in Italy for Illegal Gambling Advertisements
The Italian Communications Authority (AGCOM) sanctioned Google for €750,000 as the parent company of YouTube for violating the country’s blanket ban on gambling advertising. Ad agency Top Ads Ltd received an additional fine of €700,000. Google Failed To Moderate the Illegal Content Italy’s gambling authority held a press release, noting that this was the first […]

Industry
August 3, 2022
Rank Ad Banned by ASA for Breaching Cap Code (Edition 12) Rules
The Advertising Standards Authority (ASA) of the UK has banned an in-app ad published by Rank Digital Gaming (Alderney) Ltd for breaching the CAP Code (Edition 12) rules 16.1, 16.3, 16.3.1, and 16.3.4, all of which refer to gambling. The Ad Suggested That Gambling Will Solve Financial Concerns Rank’s in-app ad featured Wolf Gold, a […]

Industry
August 3, 2022
UK’s ASA Bans a Coral TV Ad for Insinuating Betting on Horse Racing
The UK’s ASA (Advertising Standards Authority) has ruled that a TV ad for Coral, which was broadcasted in March 2022, encouraged gambling and in doing so, it breached BCAP Code rules 17.3, 17.3.1 and 1.2, which refer to gambling and responsible advertising. Hence, ASA stated that the ad must be taken down and cannot appear […]
