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Industry
May 4, 2022
Flutter’s US Revenue Grows, Boosts Q1 2022 Financial Results
The global sports betting, gaming and entertainment provider, Flutter Entertainment plc, announced its financial results for the three months that ended March 31, 2022. On Wednesday, the company said that in Q1, 2022, it has seen growth, primarily driven by the outstanding performance of its US-facing operations. Flutter Sees Strong Revenue for the First Quarter […]
Industry
May 4, 2022
FUGASO to Power QTech Games with Premium iGaming Titles
Slots studio FUGASO has agreed to power QTech Games, the leading game distributor for emerging markets, with its proprietary titles. QTech Adds Fugaso Games to Its Platform QTech Games is known to deliver the hottest iGaming titles to its clients. Following the deal with FUGASO, it will add some of the studio’s most popular titles […]
Industry
May 4, 2022
ASA Judges PlayOJO’s “Hot or Cold Ads” Are Misleading
The Advertising Standards Authority (ASA) in the United Kingdom has forced Skill on Net’s subsidiary PlayOJO to take down a misleading marketing campaign. PlayOJO’s Ads Sparked Controversy The campaign in question promotes PlayOJO’s brand new “Hot or Cold” feature – a solution that allows fans to check which games have been played the most and […]
Industry
May 4, 2022
Philippines Pulls the Plug on E-Sabong with Presidential Approval
The Philippines has had a fraught relationship with e-sabong or online cockfighting which peaked during the pandemic and has been the source of many social ills ever since. Regardless of the infamous cases of kidnappings and some 36 people disappearing over the past year, authorities have been somewhat lackadaisical in their response and Philippines president […]
Industry
May 3, 2022
BlueBet’s Q3 FY22 Revealed Strong Growth ahead of US Debut
BlueBet, an Australian-based sports wagering operator, released its third quarter fiscal year (FY) 2022 report, posting strong growth across all key financial performance metrics, yet ending the period with net cash outflow and the rate of new customer acquisition is slowing down. Key Performance Metrics BlueBet provided its Q3 FY22 Quarterly Activities Report for the […]
Industry
May 3, 2022
FanDuel Appoints Flutter IR and FP&A Director David Jennings
Daily fantasy sport and sportsbook operator FanDuel Group announced in a press release today the appointment of David Jennings as the company’s Chief Financial Officer (CFO). Switching from Dublin to New York New CFO Jennings will be responsible for all of FanDuel Group’s finance functions, overseeing financial planning and analysis, strategy, accounting, procurement, tax and […]
Industry
May 3, 2022
Tax Increase for Aussie Sports Betting Companies May Bring Dire Consequences
Sports betting operators from the self-governing Northern Territory (NT) in Australia shared their concerns regarding a possible increase in taxes, a new report suggests. A New Report Claims Increase in Taxes May Impact the Sports Betting Industry in Australia On Monday this week, ABC released details obtained under the Freedom of Information law regarding submissions […]
Industry
May 3, 2022
KSA Calls out Stakeholders on AML and CTF Shortcomings
The Dutch gaming regulator is one of the strictest and it is not inclined to overlook shortcomings in compliance on the part of gambling companies. Over the past months, the Kansspelautoriteit has issued several warnings to unnamed operators and advised on general advertisement practices, but there is more. Dutch Authorities Unhappy with Gambling Companies Reporting […]
Industry
May 2, 2022
PAGCOR Q1 2022 Gaming Operations Income Down 66%
Philippines state-owned Amusement and Gaming Corporation (PAGCOR) registered a significant drop in its first quarter 2022 earnings from gaming operations to PHP11.29 billion ($225.8 million), reported Asian gaming specialist media Inside Asian Gaming. Q1 2022 Generated One Third of Q4 2021 The regulator’s income for the three months ended March 31, 2022, represented an increase […]
Industry
May 2, 2022
Gross Gaming Revenue in Macau Hits Rock Bottom in April
April was a tough month for operators in Macau, judging by recently released figures by the Gaming Inspection and Coordination Bureau. GGR in April Hits $335M, Lowest since September 2020 Last month, the gross gaming revenue (GGR) in Macau hit MOP$2.68 billion ($335 million), according to newly released data. This marked a record low value […]
