July 25, 2023

July 25, 2023

Gaming revenue growth continues to decelerate in US

Commercial gaming revenue growth slowed for a fourth consecutive month in May, according to the American Gaming Association (AGA).

Total gross gaming revenue (GGR) in the US increased year-on-year in May by 6.4% to $5.49bn (£4.28bn/€4.97bn). Over the first five months of 2023, total GGR is up by 12.4% at $27.59bn.

However, the AGA’s Commercial Gaming Revenue Tracker revealed that growth has slowed steadily since a year-on-year increase of over 20% was registered in January 2023.

Read the full story on iGB North America

July 25, 2023

Missing an open goal

This year promises to mark a pivotal moment in women’s football – the point when the women’s game finally comes into its own. But Christina Thakor-Rankin, co-founder of the All-In Diversity Project and principal consultant at 1710 Gaming, doubts operators are taking full advantage of the Women’s World Cup.

The Fifa Women’s World Cup in New Zealand and Australia this summer offers bookies worldwide a much bigger opportunity than the World Cup “proper”.

By replicating the same range of markets they offered on the men’s event, including groups and player markets, they have the opportunity to re-engage with those who bet on the men’s game.

And by tweaking the way they present these opportunities, an even bigger opportunity becomes available – to attract a whole new sports betting demographic: women.

Christina Thakor-Rankin, co-founder, All-In Diversity Project and principal consultanT, 1710 Gaming

The statistics are certainly there to back this up. The numbers from a wide range of so..

July 25, 2023

NFL suspends Broncos’ Eyioma Uwazurike for betting violations

The National Football League (NFL) has indefinitely suspended Denver Broncos player Eyioma Uwazurike for betting violations.

The NFL confirmed the move in a statement, outlining that Uwazurike had been betting on NFL games during the 2022 season.

However, it was not confirmed which games he was betting on. It was also not confirmed whether his own team took part in these games.

Read the full story on iGB North America

July 25, 2023

Kindred leading in Netherlands as revenue up 29% in Q2

In its Q2 financial report Kindred posted a 29% year-on-year increase in revenue to £307.3m (€356m/$394m).

Kindred’s Q2 focus on cost controls amid an ongoing strategic review and a strong performance in the Netherlands are keeping the business on track to surpass full-year earnings expectations, according to interim CEO Nils Andén.

A total of £63.6m of sales was generated in the Netherlands. Andén said in an earnings call today that he believes Kindred is now the market leader in the country.

Sports betting growth drives revenue

Performance was positively impacted by an increase in sports betting, favourable results and lower bonus costs. Sports betting gross margin after free bets was 11.3% in Q2. This was up from 9.3% in the previous year and above the group’s long-term average of 9.6%.

However, excluding the Netherlands, active customers and gross winnings revenue remained relatively flat. The business said this was due to headwinds in Belgium and Norway offsetting growth in ..

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Daily Archives: July 25, 2023