Daily Archives: January 9, 2024

LiveScore FY23 sees revenue boost of 48.9%

LiveScore reported revenue of £129.6m ($165.0m/€150.8m) in its full year 2023 results, an increase of 48.9% yearly.

LiveScore’s full-year period ended 31 March 2023. Its full-year report focused on operations within its Virgin Bet, LiveScore Bet and sports media business.

Gambling made up £108.0m of the total revenue, up by 57.3% compared to full-year 2022. The remaining revenue came from advertising, which totalled £21.6m. This was an increase of 17.7%.

livescore’s sam sadi detailed the company’s future plans for the group to igb in october 2023

In October 2023, LiveScore chief executive Sam Sadi detailed future plans for the group to iGB. He explained that LiveScore intends to be the number one sports media operator globally, as opposed to the number one betting operator.

Looking at revenue by location, LiveScore saw a majority of its revenue made in the UK and Ireland, totalling at £100.3m – up by 40.0%.

However, the largest jump in revenue was seen in its Rest of Europe divi..

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GiG powers Betway launch in Portugal

Gaming Innovation Group (GiG) has partnered with Betway to support the online sports betting operator’s launch in Portugal.

Under the arrangement, GiG is providing its igaming platform and sportsbook to Betway in the country.

Plans for the Portugal-facing deal were first announced back in April 2022. Betway secured licences for sports betting and igaming in the country in February 2020.

plans for the launch were first announced in april 2022

Betway becomes the second B2B partner to launch with GiG in Portugal. GoldenPark also went live in the country last year, utilising GiG’s player account manager and sportsbook.

“As part of our ambitious growth strategy for Portugal in 2024, this GiG platform will help play a role in expediting our objectives to elevate the sports betting experience for existing Betway customers in Portugal and appealing to new ones,” Betway CEO Anthony Werkman said.

“This agreement will also allow our teams to work in synergy to reach our shared goals and as..

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Maine sports betting handle exceeds $44.0m in December

Players in Maine spent $44.0m (£34.5m/€40.2m) betting on sports in December, while the Pine Tree State’s two licensed operators – DraftKings and Caesars – generated $4.4m in adjusted gross receipts.

Total handle for December amounted to $44.5m. This was 18.4% higher than the $37.6m spent in Maine during November, the state’s first month of legal betting.

Maine launched its regulated market on 3 November 2023, with December being the first full month of legal sports wagering.

maine launched its regulated market in november 2023

Bettors won $39.9m from betting in December. After discounting these winnings, $107,478 in federal excise and $132,376 worth of voided and cancelled bets, adjusted gross receipts of $4.4m were left. This was 4.4% lower than $4.6m in the opening month.

The State of Maine Gambling Control Unit added that legal betting generated $437,884 in tax. Both DraftKings and Caesars pay tax at a rate of 10% of adjusted gross receipts.

DraftKings the Maine player

So fa..

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