Daily Archives: March 15, 2023

Delaware igaming spend falls again in February

Consumer spending on online gambling in Delaware fell for the second consecutive month in February, while sports betting handle fell to a six-month low.

Players wagered $38.0m on igaming during February, down 13.8% from $44.1m in January but 55.7% ahead of $24.4m in the same month last year.

Of this total, $23.0m was spent on video lottery games and $15.0m on online table games.

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US growth drives 30% revenue rise in Sportradar FY22

Sportradar reported a 30% rise in revenue from €561.2m (£490.1m/$591.2m) in 2021 to €730.2m in its full-year 2022 financial report, driven by 78% growth in the US, as well as 26% growth from its international operations.

The company’s reported revenue beat its annual projected outlook range of €718m to €723m. US revenue stood at €127m for the year, as opposed to the €71.7m the business reported in 2021. This compares with the 25.8% rise in its international betting segment which grew from €309.4m to €389.1m from 2021 to 2022.

From this revenue, the business announced adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) of €125.8m, a 23% increase from the €102.0m the company achieved in 2021.

The business hailed the strong results across all its key performance metrics. CEO Carsten Koerl said he was “very pleased” with the company’s results, driven by what he described as “exceptional execution”.

“We saw excellent performance across all of our key perfo..

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OPAP selects OpenBet to power online sportsbook

Sports betting solutions provider OpenBet has agreed a long-term deal to power the online sportsbook of Greek gambling group OPAP.

Under the agreement, OpenBet will deliver its full suite of betting technology, trading and sports content to OPAP via SportCast.

The deal marks OpenBet’s first partnership in the Greek market and its tenth with a member of the World Lottery Association (WLA).

OPAP, which is due to publish 2022 financial year results later today (15 March), operates as part of the Allwyn Group.

“At OPAP, we always look to offer our customers the highest quality of innovative and entertaining gaming products,” OPAP chief executive, Jan Karas, said. “Therefore, we are very pleased to be partnering with OpenBet and we are looking forward to leveraging their expertise and high-end technology solutions, in order to upgrade customer experience and take our online sports betting activities to new levels.”

OpenBet group chief executive Jordan Levin added: “We’re delighted to h..

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ITV extends free-to-air broadcast deal for British horse racing

British commercial broadcaster ITV has extended a deal to continue showing free-to-air coverage of UK horse racing until the end of 2026.

The three-year deal covers major events such as the Grand National, Royal Ascot, the Derby and the Cheltenham Festival, the 2023 edition of which is taking place this week and will be broadcast on ITV.

ITV began its free-to-air coverage of British racing in 2017, with races shown across both its ITV1 primary channel, ITV4 and ITVx.

“This deal will take us to a decade of racing on ITV and we’re delighted to be able to continue to bring to viewers well over 100 days of live coverage of this wonderful sport, including some of the most enjoyable, storied and thrilling events of each year,” ITV’s director of sport Niall Sloane said.

“We look forward to continuing to work with Racecourse Media Group and our other partners within racing to bring audiences the very best racing has to offer in the coming years.”

Racecourse Media Group chief executive, M..

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