Category Archives: Betting

Kambi looks to stateside opportunities with sportsbook-centric Q3 strategy

Kambi has underscored its ability to overcome potential regulatory hurdles and ‘capitalise on future opportunities’, highlighting the depth of its sportsbook offering and new M&A strategy. Publishing its Q3 trading results, the Stockholm listed sports betting technology supplier reported a quarterly year-on-year revenue increase of 48% to €41.6 million (Q3 2020: €28.1m) reflecting an 80% …

Richard Kidd, Bayes Esports: Developing the next generation of audience engagement

Esports is the next generation of audience engagement and entertainment modelling according to Richard Kidd, Head of Sales at Bayes Esports, as he explained why the industry must be prepared to embrace new opportunities.  Speaking to SBC News, Kidd walked us through his background in digital marketing and advertising technology, noting that his experiences from …

Kindred outperforms seasonal lags as Q4 roadblocks loom

Kindred Group Plc maintains growth across all metrics, despite its sportsbook unit trading against post-EURO and COVID-19 ‘normalisation effects’.  Publishing its Q3 trading statement (period ending 30 September), Kindred registered group revenues of £298 million up 6% on corresponding 2020 results of £281 million. Revenue growth was attributed to the continued expansion of Kindred’s casino …

APBGG calls for industry action against the UKGC

The All-Party Parliamentary Betting & Gaming Group (APBGG) has extended its inquiry, examining the competencies of the UK Gambling Commission (UKGC) as the regulatory body of British gambling.  The decision follows significant evidence submitted to the group, outlining the seriousness of alleged failings by the UKGC governing the gambling sector. The APBGG launched its inquiry …

DraftKings withdraws Entain acquisition bid after month of negotiations

DraftKings has confirmed that it will not pursue a takeover of UK betting and gaming group Entain, putting an end to over a month of speculation and negotiation surrounding the potential merger. Despite this confirmation, DraftKings retains the right to disregard its statement should it come to further agreement with the board of Entain, if …

Stats Performs extends TruMedia analytics collaboration

Stats Perform has announced a five-year extension of its partnership with TruMedia, which will see the duo continue to develop the ProVision analytics platform. Development on ProVision throughout 2021 has seen the integration of tracking data into the platform and the introduction of an enhanced API, allowing for the automated export of a sports club’s …

FIAU orders new AML commands on Malta business  

The Malta Gaming Authority (MGA) has warned licensed operators that they are expected to be familiarised with the revised AML Implementing Procedures (IPs) that will be applied by the Financial Intelligence Analysis Unit (FIAU). Last week, the FIAU updated its IPs guidance on AML and compliance duties that are required to be maintained by registered …

Yolo Group appoints Christine Lewis to oversee restructured operations

Undertaking a major restructuring of its operations, the Yolo Group has appointed Christine Lewis as the CEO of its B2B Bombay Group, One Touch and Hub88 subsidiaries. Lewis, who formerly served at NetEnt and was most recently the Chief Commercial Officer at Pariplay, will carry out the role of CEO of Bombay Group.  Her responsibilities …

SBC Advisory Partners signs up Lasha Machavariani

SBC Advisory Partners, the pioneering consulting and transaction advisory global service for sports, betting & gaming sector, has strengthened its focus on CIS & Eastern Europe as it is one of the hottest regions of the sports betting and iGaming industry today.  Following a successful partnership between SBC and SMH (Sports Media Holding) for media …