Category Archives: Betting

Betsson AB has published its fourth-quarter update and FY2021 snapshot report, citing a tough closing to Q4 trading, with the Stockholm online gambling group still managing to deliver on its financial and corporate objectives.  The group praised its diversified business model and a geographical make-up that helped ease trading difficulties within mature markets. Headline Q4 …

Kindred Group’s Board of Directors has made the decision to exercise the buyback programme first initiated last year, with the firm now able to repurchase up to six million of its own shares.  Running between 10 February and 12 May, the total share repurchases amount to a total of SEK 300 million and must not …

A new board of directors has been appointed to revitalise the business of heritage Spanish gambling group Codere SA.  An announcement made by ‘Nueva Codere’, the business identity of Codere under the ownership of bondholders, confirmed that Christopher Bell had been approved as Non-Executive Chairman of the company. The appointment of Bell, the former Chief …

The board of Svenska Spel has announced that it will pay a dividend of SEK 2.9 billion (€275m) back to the Swedish government.  The dividend was marked as the headline announcement by Svenska Spel publishing its full-year 2021 results, in which Sweden’s monopoly for lotteries and land-based gaming performed above expectations. Headline results saw Svenska …

GambleAware has published the list of operators which made financial contributions to the responsible gambling charity during the first three quarters of the 2021/22 fiscal year.  A total of £16 million was donated to the organisation by UK betting operators, which are requested to contribute 0.1% of their gross gaming yield to the group. Overall, …

Evolution Gaming has surpassed the €1 bn mark in operating revenues recorded during 2021 –  buoyed by record-breaking Q4 results that registered double/triple digit growth across all core trading metrics. Publishing its full-year 2021 financial results, the firm registered Q4 revenues of €300m, up 69% on corresponding 2020 results of €177m. Revenue growth was attributed …

Crypto sports betting brand Sportsbet.io has introduced direct human messaging to its platform in a partnership with 2mee, aiming to ‘bring sports personalities to life’. The firm has revealed some of the incorporated names as Aussie cricketer, Brett Lee, Brazilian World Cup winner, Denilson de Oliveira, and the ‘Romford Pelé’ Ray Parlour. Joe McCallum, Head …

Sky City has become the latest company to partner with Spotlight Sports Group in a deal which will strengthen the latter’s presence within the Asian market. The agreement, which is due to start in Q2 2022, will see Spotlight Sports Group build and manage specialist platforms for Sky City’s digital audiences via its turnkey technology, …

Two pieces of draft legislation have been submitted to the Hungarian Parliament with the goal of liberalising the country’s betting market, effectively ending the monopoly of the state-operated Szerencsejáték Zrt. The legislation, titled no. 2022/66/HU and no. 2022/67/HU respectively, seek to establish a licensing regime for private operators based on two previous European Court of …

Sportsbook and casino platform provider Soft2Bet has extended its Swedish footprint after partnering with Betinia.  As a result of the new agreement, Betinia will benefit from access to Soft2Bet’s live sports and pre-match offering as well as its range of virtual betting products. Boris Chaikin, CEO at Soft2Bet, said: “With Soft2Bet already accustomed to the …