Author: David Randall

Evans has taken over as group CTO at Allwyn, succeeding Tony Khatskevich, who is transitioning to an advisory role with the Allwyn board and CEO Robert Chvátal. Evans joins Allwyn with extensive experience, having spent five years as group CTO at Bally’s. Before that, he held the same role at Gamesys, acquired by Bally’s in October 2021. His career also includes senior positions at Alibaba/Lazada Group and PropertyGuru Singapore, and he was head of development for the platform at Betfair. “I’m delighted to have been appointed as group CTO of Allwyn,” Evans said. “The company’s commitment to social impact is…

In April 2024, Pennsylvania’s gaming industry generated $504.6 million (€464.8 million/£398.1 million) in revenue, marking a 5.9% increase compared to April 2023, according to the Pennsylvania Gaming Control Board (PGCB). This figure, though lower than the record $554.6 million in March 2024, remains comparable on a daily basis considering March had an extra day. Retail slots continued to be the largest contributor to gaming revenue, though the $205.4 million recorded was a 3.5% decrease from April 2023. The number of slot machines in operation also dropped from 25,555 in April 2023 to 24,890 in April 2024. Parx Casino, the state’s…

Experts have highlighted the importance of sponsorships to sports in Germany, emphasizing the significant loss of funding a ban would cause. This concern was a key factor in rejecting the proposed ban on sports sponsorships. Inka Müller-Schmäh, managing director of the Association of Sports Sponsorship Providers, stressed the need for a legal framework to ensure continued support for German sports through sponsorships. “Sports sponsorship must remain possible, no matter where, when, and how sport takes place and is broadcast,” Müller-Schmäh stated. Challenges in the German Gambling Industry The German market faces significant challenges with the black market, as strict regulations…

March marked the 13th consecutive quarter of growth in US gaming revenue, according to the AGA’s Commercial Gaming Revenue Tracker. This tracker provides state-by-state and cumulative insights into the US industry’s performance, utilizing state revenue reports. In March alone, the revenue reached $6.1 billion, making it the second highest-grossing month ever for the US gaming industry. The first quarter of the year saw 11 states setting new quarterly revenue records for gaming. Among these were New York and Pennsylvania, two of the largest commercial gaming markets in the US. Throughout 2023, a record $14.7 billion was paid to state and…

In the first quarter of 2024, Codere reported a significant decline in revenue, falling from €363.1 million in Q1 2023 to a lower figure, which also saw a decrease in adjusted EBITDA by 26.6%, dropping from €64.4 million to €47.3 million. The company’s consolidated net revenues also saw a reduction, amounting to €185.9 million, a 12.1% decrease compared to €211.5 million in the same quarter the previous year. Despite these decreases, Codere’s financial stability remains intact, with a cash position only slightly adjusted from €107.5 million at the start of the period to €104 million. The company attributes this stability…

In April, New York’s sports betting market experienced significant growth, with a handle reaching $1.87 billion, marking a 27.3% increase from the previous year’s $1.54 billion and a 6.0% rise from March’s $1.85 billion. This figure places April as the fifth highest monthly spend on record in the state. Gross gaming revenue from sports wagering also saw a substantial boost, totaling $183.8 million, a 32.4% increase from $138.8 million in April last year and 21.2% more than March’s $151.7 million. The highest revenue record still stands at $211.5 million, set in January of this year, with the highest betting handle…

The agreement between DraftKings and Sports IQ was recently announced, albeit with few details disclosed publicly. Sports IQ CEO Omer Dor confirmed the acquisition via a LinkedIn post, but DraftKings has yet to issue any statement regarding the merger. Sports IQ, headquartered in Vancouver, Canada, specializes in developing software tailored for online sports betting, supporting over 12,000 events annually and offering extensive in-play markets. With this acquisition, Sports IQ hopes to augment its offerings and reach. Omer Dor, the CEO of Sports IQ, expressed his excitement about the new phase of the company’s journey. “I’m excited for this next chapter…

Enteractive, a company that thrives in the sports entertainment and gaming sectors, recently secured a strategic investment from Bettor Capital, though the financial specifics were not disclosed. Enteractive is recognized for its super affiliate business model, which it enhances through various platforms that engage viewers and generate revenue. The investment by Bettor Capital is described as a limited/non-controlling stake. Enteractive plans to leverage these new funds to further its growth in the U.S. market and to support its global strategies in online sports betting and casino operations. Mikael Hansson, CEO of Enteractive, expressed his enthusiasm about the partnership, stating, “We’ve…

The push to legalize sports betting in Missouri has gained significant momentum, led by the “Winning for Missouri Education” group, supported by six professional sports franchises in the state. The initiative aims to address the absence of legal sports betting in Missouri, a situation that has resulted in missed state revenue opportunities and residents resorting to offshore operators or crossing state lines to place bets. Surpassing the required 180,000 verified signatures well ahead of the May 5 deadline, the petition garnered an impressive 325,000 signatures, reflecting substantial public backing. This initiative seeks to bypass the state’s general assembly, which has…

DraftKings boasted a remarkable revenue of $405 million for the first quarter ending on March 31, surpassing last year’s Q1 earnings of $769.7 million. Demonstrating robust confidence in its performance, the company is revising its full-year revenue and adjusted EBITDA projections upwards. CEO Robins attributed this growth to several factors, including sustained customer engagement, the acquisition of new players, expansion of the sportsbook into new territories, an increased structural sportsbook hold percentage, and enhanced promotional reinvestment for both sportsbook and igaming. Key highlights from Q1 include the introduction of the sportsbook in North Carolina and Vermont, along with a strategic…