Category Archives: Betting

Lottomatica nets 6x EBITDA jump as new Italian powerhouse 

An enlarged Lottomatica Group, formed by the merger of Lottomatica Scommese and GoldBet Italia, has declared a stellar H1 trading period.  Having emerged as Italy’s largest betting group, Lottomatica reported a quadrupling of group revenues from 2021 results of €178m to €800m recorded during H1 2022. The 4X growth in headline revenues was attributed to …

Australia provides solid base for PointsBet as FY22 revenue climbs 32%

PointsBet experienced positive trading across the Australian, US and Canadian betting markets throughout 2022, although finding minimal success in the latter. As detailed in its financial results for Q4 and FY 2022, the ASX-registered enterprise saw its sports betting turnover increase by 32% from $.78bn in 2021 to $5bn, with a gross profit of $497.8m …

Kindred launches 23m share buyback scheme

Kindred Group Plc investors have been notified that the board of the Stockholm-listed online gambling group has authorised a share buyback mandate to begin.  The buyback mandate had secured its approval at an Extraordinary General Meeting (EGM) held by Kindred’s board on 10 June 2022. From 1 August, Kindred will begin its share repurchasing scheme …

FC Nantes and ZEbet promote sports betting in a ‘recreational’ way

Zeturf Group has announced a deal to become an official partner of the Ligue 1 football club, FC Nantes. The collaboration will see the firm’s sports betting brand, ZEbet, appear on Antoine Kombouaré‘s men’s shorts for the upcoming three seasons.  In a release, FC Nantes said: “Aware of addressing all audiences, the many operations planned …

Building scale and innovation – PointsBet on why Dublin is a betting tech hub

As North American betting stakeholders continue to expand their operations across the states and provinces of the US and Canada, many are looking to the established markets of Europe for guidance and support. This has included US-facing PointsBet, which recently announced the opening of a Dublin tech hub off the back of its acquisition of …

British casino pioneer Jimmy Thomas passed away

The death of James ‘Jimmy’ Thomas, President and Co-Founder of The Hippodrome Casino, London, has been announced. After a short illness, Jimmy died in his sleep on the morning of Saturday, 30 July at the London Clinic with members of his family present. He was 88. He leaves a son and two daughters, Simon, Lisa …

David Clifton, CDC: The inevitability of affordability in safer gambling

Affordability has been at the heart of long-term debate and controversy throughout the course of the Gambling Act review. With the White Paper judgement due soon – according to the government – some are anticipating a need for greater data usage to gain insight into customer behaviour and certain individuals’ financial circumstances. David Clifton, Director …

Playtech goes cold on Caliplay SPAC plans 

The board of Playtech Plc has suspended plans to divest its shareholding in Mexican B2C joint-venture Caliplay. Announced during Q1 trading, Playtech revealed that it had entered discussions with JV partner Caliente Interactive to merge Caliplay with a SPAC vehicle that would subsequently list the company on a US stock exchange.  This afternoon, Playtech issued …

Fortuna fights for Czech Liga renewal against mounting suitor interests 

The battle for the sponsorship rights of the Czech Football Liga has intensified as principal sponsor Fortuna Entertainment makes its stand against the interest of main-market rival Tipsport.  Ahead of this weekend’s start of the Czech Liga 2022/2023 season, Dušan Svoboda, Chairman of the Czech Football Association (LFA), disclosed to national media that Fortuna would …

KSA warns Dutch lottery operators after ‘risky games of chance’ offerings

The Dutch Gambling Authority, Kansspelautoriteit (KSA), has revealed that it has found increasing cases of lottery operators in the country providing unlicensed products.  Lotteries are not permitted to provide online gaming products such as casino and slot titles, due to these offerings being considered ‘riskier’ than standard lotteries.  Although both lottery and casino/slot products are …