Category Archives: Betting

EBET attributes 166% quarterly revenue rise to European expansion

Esports betting operator EBET has reported a quarter-on-quarter revenue increase of 166%, shortly after rebranding from its former identity as Esports Technologies.  As of 31 March 2022, EBET’s Q1 revenue stood at $19 million, with a gross profit of around $7 million and a cash position of $7.1 million – figures the firm attributed to …

Genius Sports signs live data and analytics deal with Benfica

In an expansion of its Portuguese operations, Genius Sports has partnered with SL Benfica, covering live tracking data, analytics and enhanced broadcasting. The deal will see Genius’ Second Spectrum subsidiary provide tracking technology, machine learning and AI capabilities to provide ‘statistical insight’ into the team. Additionally, the company will also conduct a broadcast role for …

Playtech and Paysafe partnership undergoes transatlantic expansion

Paysafe and Playtech’s partnership has expanded from the US to the UK and Europe, offering payment solutions to operators in the continent.  The transatlantic business move will see Playtech offer Paysafe’s technology platform and payment products to the European betting and gaming markets.  Specifically, Playtech’s igaming Player Management System and Information Management System platforms will …

IGT Q1 growth stalled by global lottery pains

IGT Plc has reported financial results for the first quarter ended March 31, 2022, showing overall revenue slightly ahead despite a drop in operating income during the trading period. According to the headline figures, consolidated revenue came in at $1.1bn, up 4% as reported and 7% at constant currency, from $1bn in the prior year. …

Rivalry expands into second regulated market with Australian entry

Canadian sportsbook and esports betting provider Rivalry Corp has gained market access in Australia, securing a licence from the Northern Territory Racing Commission (NTRC). The development marks Rivalry’s second market entry, building on last month’s launch in the Ontario market, and the firm has detailed it has already accepted deposits and bets in Australia.  Under …

Speed Media snaps up CoinPoint’s crypto casino websites

Speed Media, an iGaming digital marketing company owned by JKR Investment Group, has acquired premium blockchain agency CoinPoint Group’s network, including its flagship site BestBitcoinCasino.com. Founded in 2013 as as the first consultation and marketing agency focused on blockchain technology and crypto solutions, CoinPoint Group has created a wide network of websites, including iGaming websites …

Sorare: How NFTs add the ‘extra dimension’ to the sporting experience

NFTs are infiltrating numerous industries, with both major sports leagues and betting companies increasingly drawn towards the emerging digital assets, although this has not gone unnoticed by regulators. Shortly after assuming his position as Head of Sales at Sorare, the providers of an NFT-based digital fantasy football platform, Dan Sormaz discussed sports’ engagement with the …

GiG achieves peak media performance ahead of Sportnco revitalisation

Gaming Innovation Group (GiG) has outlined its confidence in achieving its full-year 2022 commercial and strategic objectives, following a strong start to year trading. Publishing its Q1 trading update (period ending 31 March), GiG achieved ‘all-time high’ corporate revenues of €19 million up 27% on corresponding 2021 results of €15 million. Of significance, the Stockholm …

Messi & Del Piero lead Socios.com global advertising charge 

This weekend, football fan token platform Socios.com premiered its first global advertising campaign featuring ‘football gods’ Alessandro Del Piero and Lionel Messi. Titled “Together We Can Be More”, the campaign is focused on promoting the unrestricted benefits of Socios fan tokens to football fans worldwide, regardless of traditional boundaries. Founded by former igaming entrepreneur Alexandre …