Gaming Archives

May 24, 2023

Fanatics’ Matt King brings new thinking to US sports betting

As CEO of FanDuel, Matt King took a daily fantasy sports brand to the top of the US sports betting industry, and in the top job at Fanatics Betting and Gaming he’s looking to do it all over again. Not that he’s looking to emulate his former employers in leading the ecommerce giant; it’s Spotify that inspires him.

For Fanatics Betting and Gaming chief executive Matt King, the challenge he is taking on isn’t building a market leader. He’s already done that during his tenure at FanDuel, which is currently sitting with a seemingly unassailable market share across the US. Revenue there grew from $200m to over $1bn on his watch.

And his core goal isn’t to build an entity capable of taking on a behemoth he created. Instead the billion-dollar question is: how do you create something capable of providing a genuine alternative to consumers?

In a market dominated by iTunes, he’s looking to build Spotify.

Fanatics: Officially licensed everything

What separates Fanatics Betting and Gaming f..

May 17, 2023

Michigan revenue takes a tumble after record-breaking month

Commercial and tribal operators in Michigan generated $195.7m ($156.9m/€180.7m) from online and sports betting receipts in April, down by 9.5% compared to March.

Online gaming contributed $159.4m to this, compared to the $171.8m record achieved in March. Gross sports betting receipts fell by 18.6% to $36.3m.

Adjusted gross receipts, which account for promotional spending, combined to total at $167.9m. This was made up of $143.4m from online gaming and $24.5m from sports betting.

Read the full story on iGB North America

April 27, 2023

What’s covered in the Gambling Act white paper?

After years of delays and speculation, the most transformative review of gambling in the United Kingdom in 18 years has finally been published.

The publication of the Gambling Act review white paper signifies a landmark upheaval of how gambling will be regulated in the UK going forward, in an age of smartphones and 24/7 internet access.

To say the review has been much anticipated would be an understatement. Industry trade bodies, operator groups and industry critics alike have waited eagerly for the white paper’s publication.

It has been an eventful two years and four months since the UK government announced the review – one that has encompassed the resignations and appointments of two prime ministers, the declaration of a cost of living crisis and Russia’s invasion of Ukraine.

While the white paper document outlines much of what the industry expected, it contains a few unexpected additions – including the addition of a gambling ombudsman, to give customers one point of contact for..

April 13, 2023

Beter to move distribution in-house

Content and data provider Beter will move its content distribution system in-house as part of a new strategy to strengthen and expand its operator partnerships.

The basketball, MMA, esports, table tennis and igaming content supplier said that it wants to have greater control over the distribution of its content among its network of operator partners.

Beter has enjoyed “incredible success” in recent months, it explained, and intends to strengthen its existing partnerships, as well as work with more tier-one brands globally.

“We have made the strategic decision to take more control over the distribution of our content,” said Beter CEO Gal Ehrlich. “This decision is not a reflection of the incredible work our partner has done on our behalf, but rather an opportunity to align our distribution strategies with our long-term goals.

“We are confident that by taking a more active role in the distribution of our content, we will be better positioned to deliver on our commitment to provide t..

April 11, 2023

US: Gaming “significantly” more diverse than workforce

A new report by the American Gaming Association (AGA) has revealed that the gaming sector is “significantly” more diverse than the US workforce as a whole.

According to the trade association, 61% of employees in the gaming sector are racial minorities compared to 52% of the broader hospitality industry and 42% of the total US workforce.

This comprises the 23% of those working in hospitality coming from Hispanic backgrounds, and the 19% who are black, both of which is above the total US workforce in general, and in line with the hospitality industry in specific. The 14% of employees who are of Asian descent means that the group is over-represented in the sector at around twice the national average.

The gaming sector is now “significantly” more diverse than both the hospitality sector and the US workforce as a whole

“Consumers, policymakers and investors are raising their expectations for all businesses on how they contribute to society beyond the bottom line,” said AGA president an..

March 30, 2023

888-owned Mr Green goes live in Germany

888 has announced the launch of the Mr Green online gambling brand in Germany after the group secured a licence in the country earlier this year.

Players in Germany will now have access to a range of online gambling services through Mr Green, with the website operating on the existing 888 platform.

The launch represents the first time that the Mr Green brand will be available on the 888 proprietary technology platform.

“Mr Green will be the group’s spearhead brand in the German market, alongside our 888 brands,” 888’s vice-president, head of poker and managing director for rest of world, Amit Berkovich, said. “Its launch is a great example of what focus, collaboration and dedication can deliver.

“We’ve been live since late March, thanks to the existing 888 platform in Germany and the powerful collaboration of all teams across the business who have enabled a totally new set-up in record time.

“We are excited to introduce thousands more players in the market to our enhanced offer a..

March 29, 2023

Italy’s igaming revenue dominated by casino and slots in December

Italy's igaming revenue continued its slow decline, even with casino and slots experiencing a big increase at the end of 2022.

Italy’s igaming revenue experienced a subtle decline, with December’s revenue of €315.8m showing a 2% decrease compared to the previous month. Despite this, there was a 1.2% increase year-on-year, indicating a stable increase in the industry.

Both retail sports betting and online sports were reflected in this decline, but the remaining products picked up from the previous month.

The stand out of the sectors was casino & slots, which witnessed an impressive 17% increase by reaching €206.1m revenue in December, compared to its €176.1m revenue in November.

In terms of market share, casino & slots dominated with the largest increase in market share, and online sports betting lost almost a third of its market share from November. Meanwhile, Lottomatica/Goldbet maintained its position as the leader in the online casino industry with a 12.4% market share, wh..

March 28, 2023

BetConstruct to enter Denmark with new licence

Online gaming and betting solutions provider BetConstruct has secured a new licence from the Danish Gambling Authority (Spillemyndigheden).

The licence will enable BetConstruct to offer the majority of its services and solutions to approved operators in the Danish market.

Content and solutions available in the country from BetConstruct will include online casino games, sports betting and live casino, as well as retail solutions for betting shops.

BetConstruct said it plans to work with operators, software providers, payment processors and marketing affiliates as part of the expansion.

“Obtaining a licence from the Danish Gambling Authority is a sublime advantage for businesses to widen their game offerings, enter a new, less saturated market in Europe and provide safe and engaging services to players,” BetConstruct said.

“Hence, BetConstruct is proud to become one of the first providers to receive this prestigious licence.”

In related news, igaming content developer PopOK Gaming ..

February 27, 2023

First ilottery and online sports betting solution launched in Brazil

NeoGames and Intralot do Brasil have announced the launch of LotoMinas, the first regulated ilottery and online sports betting solution for Brazilian state Minas Gerais' official lottery, Loteria Mineira.

The multiyear turnkey agreement, which was first announced in June, sees NeoGames enter the Brazilian market, in a project that will involve long-term cooperation with the state’s lottery operator.

The undertaking is NeoGames’ first large scheme led by its subsidiaries with Aspire Global and BtoBet – companies that the business acquired last year.

neogames will provide ilottery and online sports betting services to the lottery operator

NeoGames CEO Moti Malul said the organisation was “excited” to launch in the Brazilian market and to be partnering with Intralot do Brasil, which is more familiar with the local market than the Israel-based supplier.

“Together we will provide online lottery and sports betting players in Minas Gerais with a first-class online gaming experience..

February 22, 2023

Michigan breaks igaming record for fourth consecutive month in January

Michigan reported $187.3m in internet gaming revenue for January, a decrease of 7.1% from December, while also reporting record online gaming gross receipts for the fourth consecutive month.

The internet gaming revenue consists of combined online gaming and sports betting revenues for the month.

December’s total revenue was $201.6m.

Read the full story on iGB North America

February 20, 2023

Italy’s sports betting revenue dipped in the lead-up to the Fifa World Cup

Italy's igaming revenue in November dipped slightly to €322.5m in the lead-up to the Fifa World Cup, down from October’s revenue of €331.1m.

Since pushing past the €300m barrier in September 2022, Italy’s igaming revenue has remained relatively stable. Although November’s revenue of €322.5m does represent a 2.6% decline month-on-month, this is still a 6.0% increase year-on-year. The decline was mostly consistent across all verticals, although sports betting’s decline of 4.3% was the biggest drop for November, with revenue of €126.3m.

However, online sports betting still fared better than retail sports betting, which suffered a decline of 16.4% month-on-month, which is a decrease in revenue from €88.6m in October to €74.1m in November.

In contrast to the betting figures, casino revenues only dropped by 2.1% from €180.0m to €176.1m.

The market shares of online casino operators by GGR remained relatively stable in November, with Eurobet being the biggest mover as it was unable to..

February 17, 2023

DraftKings raises revenue guidance after successful Q4

DraftKings has raised its 2023 revenue guidance to $2.95bn (£2.47bn/€2.77bn), up from $2.90bn, after experiencing “better than expected” sportsbook results – among other successes – in the fourth quarter of 2022.

DraftKings CEO and co-founder Jason Robins pointed to a double effort of increased revenue and reduced costs as reasons for the Q4 growth, along with the sportsbook results.

Revenue for the quarter was $855m in total, a rise of 81% year-on-year.

Read the full story on iGB North America

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Tag: Gaming