Category Archives: Betting

Raketech sports revenues double as acquisition strategy drives growth

Raketech has detailed a strong performance across its verticals, identifying a particularly positive trend among its sports betting divisions, which the group has attributed to its acquisitions policy.  As detailed in its Q4 2021 and full year interim trading report, total revenue for the final quarter of the year reached €11.84 million (2020: €8.46m), a …

Better Collective appoints Adam Rosenberg to coordinate US marketing strategy

Adam Rosenberg has been appointed as Better Collective’s Head of Marketing & Communications for its US operations, as of 14 February 2022. In his new position, Rosenberg will coordinate the sports betting media group’s PR and marketing team with a US focus, tasked with the objective of driving and coordinating its branding efforts towards the …

Kindred subsidiary told to exit Norway or face daily coercive fines.

The Norwegian Lotteries Authority has warned Kindred Plc subsidiary Trannel International that it will be sanctioned with a ‘coercive fine’ of NOK 1.2 million (€120,000) per day if it does not cease its unlicensed activities immediately.  A statement issued by Lottstift – Norway’s gambling regulator – has confirmed that Norwegian authorities will take the toughest …

RMG CEO urges horse racing stakeholders to engage with Gambling Act review

Martin Stevenson, CEO of the Racecourse Media Group (RMG), has called on horse racing stakeholders to maintain lobbying efforts over the 2005 Gambling Act review, as reported by the Racing Post.  In particular, Stevenson has noted that the potential consequences of the overhaul of the UK’s gambling legislation could extend beyond the betting industry to …

UKGC updates T&Cs guidance to stop unfair consumer practices

The UK Gambling Commission (UKGC) has updated its guidance on ‘fair and transparent terms and practices’ used by licensed operators. The update was deemed necessary as the Commission has found that licensees have often used terms of play that can be deemed as unfair and ‘in some cases’ will provide operators with ‘undue discretion’ to …

BtoBet: Waking the ‘sleeping giant’ that is Brazil

2022 could be the year when the ‘dormant giant’ that is Brazil finally wakes up, paving the way for the jurisdiction to become one of the largest betting markets in the world. In its latest country report, BtoBet dives into the growing potential for the Brazilian market should regulations be finalised in the near future. …

FDJ delivers full unit recovery to outshine 2019 results

Groupe FDJ navigates another year of operational hurdles, to achieve its core objective of outperforming 2019 metric results –  deemed necessary following its disrupted 2020 IPO on the Paris Euronext Exchange.  Publishing its 2021 consolidated results, FDJ full-year corporate revenues stood at €2.3 billion, up 18% and 10% on respective FY2021 and FY2020 results of …

Genius Sports manages ITF and KSI official data in joint deal

Genius Sports has formed a deal with the Icelandic Club Association (ÍTF) and the Icelandic Football Association (KSI) as an official data, technology, and commercial partner. In a bid to accelerate the growth of the sport, the joint deal allocates the firm the exclusive rights to manage the ÍTF´s and the KSI’s official data and …