Author: Staff Writer

In the year ending on December 31, 2023, a remarkable 92,000 individuals from the United Kingdom chose to sign up with Gamstop, marking a new all-time high for the program. This surge in registrations surpassed the previous record set in 2022, which stood at 84,000. Gamstop, a self-exclusion scheme aimed at helping people with gambling problems, offers various exclusion periods, with 55% of registrants opting for the longest available option, a five-year gambling exclusion. Other timeframes for exclusion include six months and one year. Notably, the year’s statistics also revealed a surge in registrations among younger individuals, continuing a trend…

In today’s update released on 22nd January, Kindred Group reported a substantial revenue of £1.21 billion (€1.41 billion/$1.54 billion), marking a significant 13.3% increase from the previous year’s £1.07 billion in 2022. The growth in revenue was predominantly driven by the Gross winnings revenue from their Business-to-Consumer (B2C) activities, which is projected to surge by 12.4% to reach £1.17 billion. In addition, Kindred anticipates a remarkable 49.6% rise in other revenue from the Business-to-Business (B2B) segment, reaching £38.6 million. However, this revenue boost also led to increased expenditures on sales, with total costs rising by 9.5% to £530.7 million. Despite…

FDJ, the French lottery and gaming company, has made a significant acquisition offer for Kindred Group, as reported by the Wall Street Journal over the weekend. On January 21, Kindred officially confirmed this takeover bid, and on January 22, both Kindred and FDJ released further details. FDJ has proposed a cash offer of SEK130 for each Swedish Depository Receipt (SDR) of Kindred. This represents a substantial 24.4% premium compared to the SEK104.50 closing price of Kindred shares on January 19, just before the offer became public. Additionally, Kindred calculated that this offer values the proposal at 10.9 times its 2023…

Arizona is gearing up for an exciting boost in sports betting opportunities as the Arizona Department of Gaming (ADG) makes significant announcements regarding the allocation of licenses for 2024. The ADG has revealed that one license will be exclusively reserved for Arizona tribes, emphasizing their commitment to supporting tribal interests. In addition to this tribal license, the state will set aside at least one license specifically for sports franchises within Arizona. Prospective license applicants need to mark their calendars for the application window, which will be open from February 16 to March 4. After submitting their applications, candidates can anticipate…

Bet365, in its recent report, grabbed attention with a £61.2 million (€71.0 million/$77.6 million) loss, but it also marked significant revenue growth. Industry analyst Birkin sees potential for the operator’s future growth, particularly in North America and the emerging regulated market in Brazil, citing their strong entry into Ontario. Bet365’s entry into the US market, while not yet challenging industry giants like FanDuel and DraftKings, is seen as promising. Birkin believes the company could make its mark among Tier 2 operators over the next few years, focusing on product quality and customer satisfaction in the maturing US market. The losses…

In the fourth quarter of 2023, FanDuel, a prominent player in the sports betting industry, strengthened its dominant position in the US market, achieving a 43% share of gross sports betting revenue, as reported by its parent company, Flutter Entertainment, based in Ireland. This remarkable feat was accomplished during a critical period that encompassed the heart of the NFL and college football seasons, MLB playoffs, and the commencement of the current NBA and NHL seasons. As a result of this outstanding performance, Flutter’s overall revenue for the full year of 2023 surged by 25%, reaching an impressive $12.1 billion. The…

Strive Gaming, a dedicated gaming platform provider focusing solely on the North American market, is making bold moves to expand its customer base across the United States and Canada. In a competitive landscape with industry giants and vertically integrated propositions on the rise, Strive is showing that it can compete and succeed, as evidenced by its recent partnership with PointsBet to power their igaming offering in Canada. Strive may be seen as an industry newcomer, but its leadership team boasts a wealth of experience. CEO Max Meltzer and President/CCO Damian Xuereb previously spearheaded numerous deals following the repeal of PASPA…

The Intralot-MDJS partnership is set to continue until December 2025. Under this agreement, Intralot will maintain its role in operating MDJS’s lottery services while also offering sports betting and various other games of chance. This collaboration between Intralot and MDJS has deep roots, dating back to 2010 when Intralot first powered MDJS’s offerings. The scope of Intralot’s responsibilities encompasses running MDJS’s lottery games, which include popular titles like Tifo and Chrono. In March 2021, Intralot had initially announced plans to shorten an eight-year deal signed in 2019 with MDJS, aiming for it to conclude in December 2022. However, despite MDJS…

In 2023, the National Risk Assessment (NRA) cast its vigilant eye on Malta, scrutinizing the levels of money laundering and terrorist financing risk within the nation. In an unprecedented move, this year’s edition of the NRA also took into account proliferation financing and targeted financial sanctions. Collaborating closely with the National Coordinating Committee on Combatting Money Laundering and Funding of Terrorism (NCC) and government authorities, the NRA established a comprehensive evaluation. The NRA employs a three-fold classification system encompassing impact, likelihood, and threat level to categorize threats. It identifies the use of virtual financial assets, cash, and prepaid cards as…

Game show formats have evolved beyond traditional television shows, expanding into various platforms such as apps, radio, and gaming consoles. The gambling industry swiftly embraced this trend, with online casino games incorporating game show elements, leading to a surge in popularity since 2017. The demand for these formats has continued to grow among both operators and players. While traditional live casino games still generate the majority of revenue, the game show vertical has experienced the most significant year-on-year percentage change. Authentic Gaming, a live casino supplier, recognized the gap in the market for a live dealer game that could embrace…