Author: Staff Writer

ATGATG declares it successfully navigated prevalent industry challenges to achieve growth in 2023, despite grappling with escalated prices, heightened interest rates, and the looming recession, all of which directly impacted consumers’ expenditure. Although these adversities influenced the company’s performance throughout the year, ATG managed to sustain growth. While total group revenue saw a marginal decline to SEK6.04 billion, net gaming revenue exhibited a 0.9% upturn, reaching SEK5.27 billion. CEO Hasse Lord Skarplöth attributed the commendable results to the company’s expanding operations. He emphasised the consistency of ATG’s customer base, which maintained a steady level of approximately 1.3 million players. Expressing…

Players in Michigan can now access both the Fanatics Sportsbook and Fanatics Casino, with the online casino integrated into the sportsbook app. Fanatics Sportsbook has replaced the PointsBet brand in Michigan. Existing PointsBet customers will have their username, password, account balance, rewards points, and responsible gaming settings seamlessly transferred to the Fanatics platform. FBG has been gradually phasing out the PointsBet brand nationwide since acquiring PointsBet US in August 2023. Michigan becomes the 13th state where FBG has launched its Fanatics Sportsbook, joining Colorado, Connecticut, Iowa, Kentucky, Maryland, Massachusetts, Ohio, Pennsylvania, Tennessee, Vermont, Virginia, and West Virginia. Retail betting venues…

PandaScore witnessed not just an uptick in the total number of esports bets across our operator partners, but also a significant increase in the total amount wagered per bet. The average bet placed throughout 2023 stood at €45 – marking a substantial 37% rise compared to 2021. Despite the broader esports sector facing a market correction involving reduced budgets and team consolidations, total betting turnover saw a notable increase. Margin performance either held steady or showed improvement for many suppliers and operators. The pool of bettors has expanded, with larger bets being placed, driving continuous year-on-year growth in overall turnover.…

The PFL will utilise ProhiBet’s technology to bolster sports integrity and ensure adherence to state-specific betting regulations. The collaboration is aimed at preventing PFL personnel, such as athletes and coaches prohibited from placing bets, from engaging in wagering on the league’s events. ProhiBet will leverage its cross-monitoring and notification platform to accomplish this. Matt Heap, managing director of ProhiBet, expressed his satisfaction with the agreement, highlighting the joint effort to reinforce compliance within sports betting. “We are delighted to partner with the PFL,” Heap stated. “The integration of ProhiBet’s cutting-edge encrypted data transfer system and the PFL’s commitment to maintaining…

The National Independent Casino Commission (NICC) revealed yesterday (19th February) that an inquiry is set to unfold over a period of 15 weeks, culminating in a final report due by 31st May. Adam Bell SC, who spearheaded the inaugural Bell report, shall oversee this investigation, scrutinising Star’s adherence to recommendations outlined in the initial inquiry. Following this proclamation, Star promptly petitioned for a trading cessation on the Australian Securities Exchange (ASX). Furthermore, the entity confirmed a deferment in presenting its first-half 2024 financial year results. Originally scheduled for tomorrow (21st February), this announcement’s unveiling shall be postponed, with an updated…

Betsson’s latest agreement will bolster its presence in the Netherlands, a strategic move financed through the group’s own liquid assets. The deal, valued at €27.5 million, will be settled without any existing debts. Of this amount, €16 million will be paid upfront, with the remaining €9 million and €2.5 million to follow in six and twelve months, respectively. Previously, Betsson seemed to be scaling back its operations in the Netherlands, withdrawing its application for an online gambling licence in July 2023 due to prolonged approval procedures. However, a shift in strategy now sees Holland Power Gaming continuing to supply games…

DraftKings is set to allocate approximately 55% of the acquisition cost in cash from its financial reserves, without necessitating a capital raise. This development coincides with DraftKings’ disclosure in its Q4 results, citing current cash holdings of $1.27bn. Additionally, it revised its revenue forecast for fiscal year 2024 to a potential range of up to $4.9bn following a robust conclusion to 2023. DraftKings’ acquisition target, Jackpocket, is a leading platform facilitating the purchase of official lottery tickets across multiple states. Presently operational in 18 US jurisdictions, including New York, Texas, and Ohio, Jackpocket boasts significant user traction, with its app…

Consumer spending in Iowa for January totalled £205.4 million, marking a notable increase of 11.1% from the previous year’s figure of £191.7 million in January 2023. However, it trailed behind December’s expenditure of £219.6 million by 8.2%. Of this spending, a substantial £184.3 million was allocated to online sports wagering, leaving £21.1 million for retail sportsbooks. Revenue for January stood at £16.5 million, showing a significant rise of 33.9% from the previous year’s £12.3 million in January. Nonetheless, it represented a 16.0% decline from December’s revenue of £19.8 million. Online wagering contributed £15.2 million to the monthly revenue, while retail…

The accord marks PMU’s distinction as the inaugural external brand beyond the Flutter group to utilise the B2B sportsbook platform, amplifying a partnership inception from 2010. PMU secures access to customer products and associated operational services through the Flutter platform, alongside existing event management, fixed odds pricing, and risk management services. Flutter affirmed PMU’s additional benefits, including ongoing investment in the platform to facilitate seamless sports betting product launches. Emmanuel Vacher, PMU’s ecommerce director, expressed, “In sports betting, we were looking to simplify our architecture through a turnkey solution and to concentrate our efforts on marketing and CRM. Flutter’s offering…

The Kansas City Chiefs triumphed over the San Francisco 49ers with a score of 25-22, securing their second consecutive Super Bowl victory. The exhilarating game unfolded at Nevada’s Allegiant Stadium, while GeoComply diligently conducted checks on betting activities throughout the entire weekend. These checks were carried out in US states where sports betting is permitted, as well as in the unincorporated territory of Puerto Rico. Notably absent from this list was Florida, where the Seminole tribe introduced online betting through Hard Rock Bet back in November of the preceding year. GeoComply hailed the surge in geolocation checks as a positive…