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Betsson rebounds from turbulent 2017 with 35% EBIT growth in 2018

Of this growth, 11% was organic, while operating income (EBIT) grew a sizeable 35% to SEK 1.19bn. Net income rose at a similar level, 37%, to SEK 1.07bn, corresponding to SEK 7.70 per share. During Q4, group revenue increased by 14% to SEK 1.43bn, with an organic growth of 12%; all of Betsson’s regions showed […]

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888 acquires BetBright’s sports betting platform

As part of the deal, BetBright’s Dublin office will be integrated into the 888 Group. With this acquisition, 888 continues its strategy of purchasing scalable sportsbook technology. Itai Pazner, 888 CEO, said: “We believe it is the right time to take ownership of our full sports betting proposition. We are confident this acquisition will increase

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GAN “not proactively seeking” sale but “already contacted by interested parties”

In its 2018 full-year financial presentation, the supplier was able to report a 15% increase in revenue from £9.1m ($11.83m) to £10.5m. However, executives at the company feel there is a “significant gap” between the company’s value and its stock price. As such, three alternatives were detailed in its financial report: US listing, an outright

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Sports betting advertising: Better marketing is the answer, not a total ban

The global operator, which recently posted an 8% year-on-year rise in pro forma net revenue for Q1 (and 17% online), has called for “an end to all UK sports betting broadcast advertising,” excluding horseracing. It did not address casino advertising – considered by many European governments to be the far more dangerous vertical for problem

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32Red General Manager: Industry should “focus on education,” not advertising ban

The Kindred Group-owned online casino currently has several football sponsorships in place and Banbury has emphasised the social benefit these sponsorships can bring. Last week, while welcoming the Gambling Commission’s new National Strategy to Reduce Gambling Harms, Banbury publicly stated a ban on sponsorships would not reduce problem gambling. Speaking exclusively to Gambling Insider, the

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Genius Sports to supply Nascar data to operators

Only sportsbooks in regulated territories will be granted access to Nascar’s official data. Nascar developed a sports gambling policy at the beginning of its 2019 season, in which it granted all teams the right to sell marketing sponsorships to sports betting companies and licensed sportsbooks. Brian Herbst, Nascar’s Senior Vice President, said: “Partnering with Genius

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