Category Archives: Betting

Oddin.gg gains Velo and Genting backing in £4.5m Series A raise

Pursuing its goal of securing a leadership position in global esports B2B betting, Oddin.gg has announced completion of a Series A funding round, raising £4.5m. The esports odds feed, risk management and iframe provider gained financial backing from current investors, as well as newcomers Velo Partners and Genting Ventures.  Oddin.gg previously raised $1.2m during a …

OneFootball recruits Jean Charles Gaudechon to lead Labs Web3 venture 

OneFootball has confirmed the appointment of Jean Charles Gaudechon as Chief Executive of its ‘OneFootball Labs’ joint-venture. In 2022, OneFootball entered a three-way JV with Web3 games studio Animoca Brands and blockchain investment fund Liberty City Ventures to launch OneFootball Labs – a strategic venture that aims to pioneer football’s next commercial assets through blockchain …

Raketech maintains 2022 outlook overcoming mounting Euro headwinds

Raketech Plc has reported ‘solid results’ as its affiliate network continues to grow despite facing challenging conditions across Western European markets. Publishing its Interim H1 trading statement, the firm posted year-to-date revenues of €24m, up 40% on corresponding 2021 results of €17m. Headline growth was maintained, despite Raketech registering a tougher than anticipated Q2 performance …

Stats Perform extends betting data deal with LaLiga

In an extension of its agreement with the Spanish top-flight, Stats Perform has announced a new five-year partnership with LaLiga, covering multiple aspects of data distribution. The long-term strategic deal allows the sports data and analytics company to continue collecting and distributing LaLiga data to betting firms, fantasy sports providers, broadcasters, publishers and teams until …

Entain defends post-2020 social responsibility record against UKGC penalty

Having been charged £17m for social responsibility and anti-money laundering shortcomings dating back to 2020, Entain has outlined its efforts in this area and approach moving forward.  Split between the group’s LC International Limited web business and Ladbrokes Betting & Gaming Ltd retail operation – charged £14m and £3m respectively – the Commission’s penalty has …

Entain licence under review following £17m UKGC penalty 

Entain Plc has been summoned to pay the largest penalty in UK gambling history, totalling £17m, for regulatory failures connected to its online and retail business.  This morning the UK Gambling Commission (UKGC) notified that it had issued Entain subsidiary LC International, which operates 13 UK websites, a sanction totalling £14m. A further demand for …

Rank appoints Hazel Boyle as new CPO

The board of Rank Group Plc has announced the appointment of Hazel Boyle as new Chief People Officer (CPO) of the heritage UK gambling group. Boyle joins Rank’s executive team, having most recently served as Chief People Officer at FTSE250 publisher and media owner Future plc. An expert in talent pool development and HR planning, …

EBET cuts headcount by 54% to prioritise igaming profitability

EBET Inc has initiated a corporate restructuring plan to improve the long and short-term profitability of its business.  In a statement announced ahead of its Q3 earnings call, the Global Nasdaq listed operator disclosed that it had undertaken “a series of measures to enhance the profitability of its newly acquired igaming assets as well as …

Genius delivers on H1 targets narrowing transformative NYSE losses

Genius Sports has reported a robust Q2 trading period, as its NYSE settled business narrows interim trading losses to $45m. Total group revenue during H1 2022 amounted to $157m, a 43% increase on the 2021 figures of $109m, whilst income in the second quarter specifically rose by 27.3% to $71m (2021: $55.8m). Although losses were …

BetCoco makes first steps into the ‘exploding worldwide market’

BetCoco, a new online casino brand, is seeking to bolster its standing in the international crypto betting and casino markets, in particular the Americas.  Crystal Wealth Group (CWG), Owner of BetCoco, has a history of land-based casino operations and is now bolstering its presence in online and crypto casinos space with its new brand. With …