Betsson has announced the launch of its Betsafe brand in Ontario after it secured approval for operator and supplier licences in the Canadian province.
The B2C Betsafe offering in Ontario will include online casino and sports betting, with the brand to run on the Strive Gaming platform, which is part-owned by Betsson.
Players in the province will be able to gamble with Betsafe via native mobile apps and on the ot.betsafe.com local website.
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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..
B2B sportsbook and igaming service provider FSB has launched in the Canadian province of Ontario in partnership with long-term partner Fitzdares.
Under the arrangement, Fitzdares, which went live in the market earlier this month, is now running a sportsbook powered by FSB’s sports betting technology.
Fitzdares’ igaming offering is also being driven by FSB’s online casino aggregation product, while the bookmaker also has access to the FSB back office platform.
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Consumers in Delaware wagered $8.5m on sports during January, while igaming spend in the state reached $44.1m.
Sports handle was 1.2% higher than $8.4m in January last year and 3.7% ahead of $8.2m in December 2022.
Revenue for the month amounted to $1.6m, which was 114.7% higher year-on-year and 14.3% ahead of December.
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Denmark saw its gambling market grow in 2022, despite a drop in sports betting.
Spillemyndigheden, the Danish gambling authority, said total gross gaming revenue (GGR) for the year to 31 December 2022 came to DKK6.70bn ($991.4m/€910.1m/£799.8m), which was up 7.5% on the DKK6.23bn recorded in the previous year.
Online casino was the largest segment, comprising DKK2.88bn, which was up 2.1% on the 2021 figure. The segment was worth DKK272.3m in December, which was the largest amount since records began in 2012, and up 3.4% on December 2021.
The second largest segment, sports betting, was down 3.6% to DKK2.32bn despite the Fifa World Cup taking place during the year. December’s GGR figure of DKK135.5bn was the lowest return since October 2021 and down 35.0% on December 2021.
Slot machines generated DKK1.15bn in 2022, which was up considerably on the Covid-impacted 2021. Some DKK99.2m was taken in December 2022, up 44.5% on the same month in 2021.
Land-based casino also saw big gains i..
Gross receipts from online sports betting and internet casino games in Michigan amounted to $1.98bn in 2022, a 41.4% year-on-year increase.
The yearly total, comprising gross receipts from both commercial and tribal operators in the state, was comfortably ahead of the $1.40bn figure posted during the first full year of legal online gambling in Michigan in 2021.
Of this total, $1.58bn came from online casino gaming, while internet sports wagering was responsible for $399.6m in gross receipts.
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Pennsylvania set a number of new annual gambling revenue records during 2022, with total gaming revenue for the state reaching an all-time high of $5.21bn.
The yearly figure – comprising land-based slots, table games, sports betting, igaming, video gaming terminals (VGTs) and fantasy contests – was 10.2% higher than $4.73bn in 2021, according to the Pennsylvania Gaming Control Board (PGCB).
Retail slots were by far the primary source of revenue in Pennsylvania, generating $2.39bn worth of revenue, up 4.5% year-on-year. Land-based table games revenue was also 7.1% higher at $990.6m.
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Gambling revenue in New Jersey reached a joint-record $5.21bn in 2022, despite a decline in sports betting revenue.
Revenue was 10.0% higher than $4.74bn during the 2021 calendar year and on par with the record amount posted in 2006.
Land-based casino revenue accounted for $2.79bn of the total, up 9.0% on 2021 with slots revenue rising 9.0% to $2.04bn and table games revenue increasing 9.1% to $741.7m.
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The Delaware Lottery reported year-on-year increases in both sports betting and igaming revenue in December.
Online gambling revenue during the month amounted to $1.2m, up 56.4% from $751,291 in December of 2021 and also 19.0% up from $987,423 in November 2022.
Some $890,894 of revenue in December was attributed to video lottery games, $243,899 to table games and the remaining $80,007 to poker rake and fees.
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Henrik Tjärnström, CEO of Kindred, has said that “no item is sacred” in terms of cutting costs on an earnings call addressing Kindred’s Q4 trading update released earlier today (13 January).
Although Kindred’s Q4 revenue is projected to rise 24.5% year-on-year to £305.0m (€343.1m/$372.2m), Kindred said this was not up to expectations and vowed to take “immediate action”.
Addressing this, Tjärnström said that Kindred would review all areas of cost in order to improve spending for 2023, adding that no cost-cutting is off the table.
“We are looking to review all cost items for efficiency purposes and refreshing our channels for spending in 2023,” he said. “We cannot comment on the overall number at this point.
“But we’re clearly looking across the P&L [profit and loss], and no item is sacred in that sense.”
He said this was due to how vastly the Q4 revenue is set to depart from Kindred’s, and the market’s, expectations.
“We take this very seriously, and the deviation that we see fro..
Entain has completed the €450m (£398.1m/$484.2m) acquisition of Dutch operator BetCity from Sports Entertainment Media.
The deal grants Entain access to the Dutch regulated market, where BetCity was one of the initial 10 licensees and quickly became a market leader after the market launched on 1 October 2021, holding a 20% market share in Q4 of 2021.
Entain’s brands had not been able to launch in the Nertherlands as part of the initial batch of licensees due to the country’s “cooling-off” period for operators that accepted Dutch customers before the market opened.
While this period ended last year, and Entain had initially expected its legacy brands to receive licences in 2022, this has not yet happened.
“We are pleased to have completed the acquisition of BetCity,” Entain chief executive Jette Nygaar-Andersen said. “The combination of BetCity’s local expertise and strong brand, alongside Entain’s global scale and market-leading platform provides customers with an enriched and broa..
A South Carolina Representative has put forward a bill that would amend the state constitution, allowing the legislature to legalise varying forms of gambling – including sports betting.
The passage of the amendment would not legalise forms of gambling itself. Instead, it would permit the South Carolina legislature to do so.
Titled the South Carolina House Joint Resolution 3095, the bill was introduced in the state House yesterday (10 January) and referred to the House Committee on Judiciary. It is sponsored by Representative Todd Rutherford.
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