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.
Read the full story on iGB North America
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.
Read the full story on iGB North America.
The number of players gambling with Malta-licensed operators hit a new high in the first half of 2022, after declines in the previous year.
The number of active player accounts with Malta-licensed operators rose by 8.7% year-on-year after a decline in 2021, to 19.3 million. This exceeded the previous high of 19.0 million recorded in the last six months of 2020.
The rise was mostly due to a record 8.9 million new accounts being created.
Much of the rise was due to higher numbers of younger players, with the portion of players aged between 18 and 24 rising to almost 25% of the total player base. In addition, the Malta gaming sector was found to have contributed €573m in gross value added for the half-year, or 8.0% of the Maltese economy. The gross value added total was up 12.4% from the first half of 2021.
The sector also employed 10,861 people as of June 2022, almost 600 more than a year earlier.
“The resilience of the Malta gaming industry during these trying times is largely att..
Bet365 is set to expand into Pennsylvania, having entered an online sports betting and igaming market access deal with Churchill Downs Incorporated (CDI) subsidiary Presque Isle Downs & Casino.
The agreement, CDI said, is consistent with its strategy to exit the online sports and casino business, with the operator seeking to monetise its online sports and igaming market access rights and focus on growing the TwinSpires online horse racing wagering business.
CDI revealed in February last year that it was to switch its approach to operations in the online casino sector but would retain retail sportsbook operations in its casinos.
Read the full story on iGB North America
Online gambling revenue in Delaware fell to a nine-month low in November, while sports betting revenue also declined month-on-month.
Revenue from igaming in November amounted to $987,423, down 0.9% from $987,423 last year and 17.6% behind $1.2m in October. The monthly figure was also the lowest since the $843,247 generated in February this year.
Of this total, $803,671 came from video lottery games, with $149,443 generated by internet table games and the remaining $34,319 from poker rake and fees.
Read the full story on iGB North America
Online casino revenue in Pennsylvania hit a new record-high for the second consecutive month in November, while total gambling revenue in the state increased year-on-year.
Overall market revenue for the month amounted to $452.4m (£373.5m/€426.9m), up 4.6% from $432.5m in November 2021 and also 0.5% ahead of $450.2m in October of this year.
Analysing the monthly performance, retail slots remained by far the primary source of revenue for the state, generating $185.6m in revenue for the month, level with the previous year. However, retail table games revenue slipped 4.4% year-on-year to $79.2m.
Read the full story on iGB North America
Luckbox owner Real Luck Group has signed a letter of intent to acquire an unnamed igaming platform targeting the Asia-Pacific region.
Real Luck Group will acquire 100% of the shares in the Asia-facing business, which it says will give it access to more than 6,000 games from 50 game providers.
Real Luck Group chief executive Thomas Rosander said that the business had long aimed to add a B2B element to its portfolio, but that through this deal it is set to accomplish this sooner than it had expected.
“Adding B2B to our proprietary platform has always been a significant part of the Luckbox strategy, and this important acquisition means we will complete this objective almost a year in advance of our projections,” he said. “It also extends our opportunities into APAC, a significant region that we currently do not have a presence in and perhaps the largest esports market globally.
Real Luck Group CEO Thomas Rosander
“This transaction ultimately builds our business’ upside by providing ..
As operators search for customer loyalty, brand awareness is front-of-mind. But does it really impact loyalty and is it enough for long-term success?
Welcome to episode three of our five-part consumer insight series designed to outline and analyse the customer acquisition, retention and development opportunities for the leading operators in North America.
In episode one, we explored the common challenges faced by bettors when attempting to register, fund and bet with their preferred apps, highlighting the correlation between seamless user journeys and brand loyalty.
In last week’s episode, we dove deeper into the day-to-day frustrations faced by consumers and the opportunities for operators to develop improved customer experiences that can impact both loyalty and market share.
In this week’s episode, using our proprietary insights, we will analyse the best-performing operators in terms of brand awareness, app preferences and customer loyalty – all through the lens of the consumer. ..
The Mohawk Council of Kahnawàke (MCK) has launched a constitutional challenge against iGaming Ontario and the attorney-general of Ontario, arguing that the province’s regulation of gambling is unconstitutional.
The Council – which runs its own gambling licensing regime – said that the Ontario regime did not meet the requirements for gambling outlined in Canada’s constitution.
As a result, it has filed a motion in the Ontario Superior Court of Justice to challenge the legality of Ontario’s igaming framework, which it said was “illegal and unconstitutional”.
Ontario igaming legal status
Commercial betting and gaming are legal in Canada only if it is “conducted and managed” by a provincial government. While in most provinces that offer online gambling, the government runs a monopoly, Ontario instead launched a licensed regime this year, with more than 30 different licensed operators so far.
While a specific definition of conducting and managing is not provided, the Mohawk Council of ..
The Dutch government has published a memo revealing that – as of last year – eight operators were under tax investigation for their activities in the country before it regulated online gambling, with authorities planning to look into seven more.
The memo was dated 28 October 2021 – four weeks after the Dutch online gambling market launched. The memo was written by the Corporate Service for Professional Technology (CD VT) within the Tax and Customs Administration and was sent to “Dutch online gambling companies”.
It was revealed last week following a freedom of information request.
The memo said that – prior to the launch of regulated online gambling – a number of operators made money from the Netherlands that should have been subject to tax, but that these taxes were not paid.
These companies, it said, were in practice based in the Netherlands but on paper were listed as being from other countries in order to escape taxes.
In particular, the companies with unpaid tax bills were t..
