Author: Staff Writer

XLMedia has stated that its revenue and adjusted EBITDA are likely to fall towards the lower end of the ranges outlined in December, with both expected to decline year-on-year due to shortcomings in North America. Providing further updates, XLMedia anticipates its revenue for 2023 to be around $50.0 million (£39.6 million), marking a 32.2% decrease from the previous year. The company had previously forecasted revenue to range between $50.0 million and $52.0 million. Regarding adjusted EBITDA, it is projected to reach $12.0 million, representing a 28.1% decrease from 2022. This aligns with the lower end of December’s guidance range of…

Better Collective has announced its revenue for the year ended 31 December 2023, estimating it to be approximately €327m (£279m/$353m). The group had initially forecasted revenue to fall within the range of €315m to €325m for the entire year. Moreover, Better Collective anticipates its EBITDA for 2023 to reach €111m, which aligns with the upper end of its targeted range of €105m to €115m. Despite having already revised its guidance twice, Better Collective managed to exceed its full-year revenue expectations. Originally, the group projected revenue to be between €290m and €300m for the year. However, buoyed by robust operational performance…

BetMGM, a collaboration between Entain and MGM Resorts, hailed the move as a “first-of-its-kind” partnership, integrating BetMGM’s odds and branding onto the social media platform in the United States. Initially, the visible odds will focus solely on professional American football, with other major professional and college sports expected to follow suit in the coming weeks. Adam Greenblatt, BetMGM’s chief executive, remarked, “X is the centre of the sports world’s conversation 24 hours a day, seven days a week. Being directly accessible within that forum is an unprecedented opportunity to expand our reach to a passionate and engaged audience.” Linda Yaccarino,…

The Bureau alleges that a gambling operator in Ukraine has dodged paying UAH1.20bn in taxes. Although holding a licence in the country, the operator faces accusations of running unauthorised online gambling activities. Over 30 duplicate sites akin to the licensed one were found to be facilitating illegal gambling ventures. Furthermore, investigators uncovered a substantial tax evasion scheme involving payment misdirection. The operator’s registered address, as per its licence issued by the national regulator KRAIL, was found to be inaccurate. Additionally, the Bureau claims that personnel within the company obstructed the investigation by concealing crucial evidence and documents. In response, UAH700m…

The triumvirate vowed to commence unveiling responsible gambling initiatives in the autumn of 2022. Kindred, Svenska Spel, and ATG submit data to the Swedish regulator Spelinspektionen every six months. The most recent dataset encompasses the six months up to 31 December 2023 and marks the third update to have been issued, succeeding H2 of 2022 and H1 of the previous year. The data encompasses the proportion of players contacted due to risky gambling; the impact of player contact; how many reduced problematic gambling habits; and the proportion of players who ceased gambling. Throughout H2, Kindred indicated that it reached out…

In 2023, Wynn, the renowned operator, experienced significant growth across its properties, marking a prosperous year with revenue surges. Particularly noteworthy was the exceptional success observed in Macau, where both the Wynn Palace and Wynn Macau saw substantial growth following the lifting of Covid restrictions in the region. Buoyed by this success, Wynn also witnessed revenue growth in its US ventures, notably in Las Vegas and Boston, albeit at a more moderate pace compared to Macau. Meanwhile, construction continues on the Wynn Al Marjan Island in the United Arab Emirates (UAE), underscoring the company’s commitment to expansion and diversification. CEO…

In the world of sports betting, having access to reliable information and expert insights is crucial for making informed decisions. Andy’s Bet Club, founded by Andy Robson, the UK’s most popular football tipster, is a valuable tool designed to help sports enthusiasts and bettors make smarter and safer bets. Established in 2019, this platform has grown significantly, now serving over 100,000 unique users each month. Let’s dive into what makes Andy’s Bet Club stand out. Andy Robson: The Football Expert Andy Robson is renowned for his expertise in football betting. His journey began on Twitter in February 2015, where he…

White Star, a subsidiary of the Rhino Entertainment Group, has successfully obtained a new license in Curaçao for its CasinoDays platform. In a parallel development, three other entities – Games and More, Geeka Corporation, and Small House – have been awarded Digital Seals as part of Curaçao’s evolving gambling regulatory landscape. This license confirmation comes merely 12 weeks after Curaçao initiated a licensing procedure for its new regulatory framework. The registration portal was made available in September, but actual registrations were only permitted from November 1st onwards. The portal has been actively processing new applications under the existing legislation, with…

Allwyn, a prominent player in the gaming industry, is set to acquire IWG, a leading supplier of online instant win games. While the specific financial terms of the deal remain undisclosed, Allwyn has confirmed its intention to complete the purchase in the latter half of the year. The acquisition will be financed using Allwyn’s existing financial resources. IWG boasts a diverse portfolio, offering online instant win games to over 25 national and state lotteries worldwide, featuring more than 250 titles. In the fiscal year ending on April 30, 2023, IWG reported an impressive £18.2 million (€21.3 million/$22.9 million) in EBITDA.…

Bill Hornbuckle, the CEO of MGM Resorts International, recently engaged in a candid conversation with ICE VOX, shedding light on the company’s ambitious plans to expand into fresh territories and markets. Moreover, he emphasized the importance of streamlining United States policies to stimulate inbound tourism. In the interview, Hornbuckle outlined MGM Resorts’ strategic vision of venturing into new regions and markets. The company, known for its luxurious resorts and entertainment offerings, is keen on extending its global footprint. Hornbuckle acknowledged the immense potential for growth in emerging markets, underlining the company’s commitment to providing world-class entertainment experiences to a wider…