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Daily Archives: October 24, 2022

October 24, 2022

Kindred expands in US with Unibet tribal launch in Washington

Kindred Group is to launch its Unibet brand in the state of Washington through a partnership with the Swinomish tribe and its Swinomish Casino and Lodge in Anacortes.

Under the deal, which will run for six years and include a five-year right to extend, Kindred and Swinomish will launch a co-branded Unibet and Swinomish retail sportsbook at the land-based casino.

Online betting is currently not legal in Washington, with the exception of mobile-on-property betting while at land-based casinos.

The launch is subject to licensure and regulatory approvals and would mark the seventh US state in which Unibet is offering sports betting.

“We are very excited to expand our footprint in the US, and to do so together with the Swinomish tribe,” Kindred senior vice-president for North America, Manuel Stan, said. “The opening of a sportsbook lounge at the Swinomish Casino and Lodge will allow us to offer best in class sports betting experiences.”

Kindred added that it would continue to invest in ..

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October 24, 2022

Arizona sports betting handle reaches $361.0m in August

Player spending on sports betting in Arizona jumped 24.3% month-on-month to $361.0m (£319.3m/€367.6m) in August, while revenue in the state also increased.

Sports wagering handle was ahead of $290.5m in July and also represented the second consecutive month of growth in the state. Some $359.2m was wagered online, with just $1.5m spent at retail sportsbooks.

Players won $323.8m from sports betting in August, leaving $36.3m in revenue for the month, up 65.0% from $22.0m in July.

After accounting for $8.5m in free bets and promotional credits, taxable revenue for the month was $27.8m, an increase of 85.3% from $27.8m in the previous month.

DraftKings led the market in terms of handle, processing $129.8m in bets, all of which were placed online. FanDuel was second with $109.7m in total bets, split $108.7m online and $1.0m at retail locations, then BetMGM on $58.2m in online wagers.

Turning to gross revenue and FanDuel narrowly claimed top spot with $11.7m. DraftKings was second with $..

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October 24, 2022

ATG warns over impact of “global economic challenges”

Sweden’s former horse racing monopoly ATG said net gaming revenue was broadly level year-on-year during the first three quarters of its 2022 financial year, despite the impact of global economic challenges.

Total revenue for the nine months through to the end of September amounted to SEK3.9bn (£305.9m/€352.6m/$346.9m), a decrease of less than 1% on the same period last year.

ATG said that while the effects of the pandemic had continued to die down during the nine months, the business now faces wider challenges in the impact of the war in Ukraine and also global economic issues due to high inflation and the potential for an impending recession.

Chief financial officer Lotta Nilsson Viitala said it was difficult to estimate how much both of these factors would hit ATG, but admitted that the business would be impacted.

“We see tendencies towards our customers having less money left in the entertainment wallet,” Viitala said. “It is completely natural with the price increases and inte..

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October 24, 2022

Online slots boost German gambling tax revenue to €596.1m in Q3

German gambling tax revenue came to €596.1m in the third quarter of 2022, a year-on-year increase driven mostly by growth of online slots.

The total German gambling tax take was up by 15.5% year-on-year.

Of this total, €123.2m came from online slots. This was up drastically from Q3 of 2021, when operators paid only €32.7m in taxes during the first quarter under Germany’s new Fourth State Treaty on Gambling.

As part of the new regime, online slot operators must pay 5.3% of stakes in taxes, which has been a major source of controversy.

Only a small number of operators were licensed to offer online slots in Germany in Q3, but a transition period is in place which means that operators will not face enforcement action as long as they keep to the rules of the State Treaty and pay gambling taxes.

Online poker tax income was €8.0m, slightly more than double the total from a year earlier. Like slots, online poker is also subject to a 5.3% tax on stakes, and – with no licensees yet – the en..

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