Betting

The supplier’s H1 profit from operations also rose 19% to €5.1m, which was €3.6m after tax. Kambi’s Q2 revenue grew 23% to €21.6m, with Q2 profit from operations up 4% to €2.5m. After tax, Q2 profit was €1.6m, as the company drove 26% operator turnover growth. Kambi CEO Kristian Nylén attributed a significant portion of […]

The supplier’s trading update provided a significant improvement on its Q1 showing, when revenue fell 5% year-on-year to $1.14bn and operating income and adjusted EBITDA also dropped. For Q2, operating income rose 10% to $224m, while adjusted operating income grew 6% to $274m. Adjusted EBITDA was up 5%, to $454m, thanks to higher profits in

The Gibraltar-based company was found to be providing online sports betting, roulette, blackjack and poker with a focus on the Dutch market, where internet gaming remains illegal. The operator’s use of a Dutch payment method reinforced the regulator’s case against it. ElectraWorks runs the operational activities of GVC Holdings-owned Bwin. Further evidence includes the use

Gross profit was £1.1bn, a 55% rise in reported results (which do not include that of Ladbrokes Coral, which was acquired in March 2018) and a 2% pro forma rise. Underlying EBITDAR for H1 was £376.8m, an increase of 47% reported but 7% fall pro forma. In its first financial report since maximum stakes for

The police claimed in a statement Lien Sheong Chye had helped assist Terence Voo gain an online betting account with the website www.greysnow.com. Voo recruited players to place football bets through the online account, while it is reported he was sharing potential winnings with Chye. The Commercial Affairs Department investigated Chye, who had accumulated S$258,666

At that moment, being in the presence of passionate horseracing fans, leading experts and Grand National winners was enough to convince me the sport would never be in any kind of danger. How could it be with Sky Sports behind it? Oh how wrong and naïve I was. Numerous problems currently face horseracing after a challenging

Chhabra became Stars Group’s Chief Corporate Development Officer in September 2017, and consequently CEO of Fox Bet in May 2019. Chhabra suited the role perfectly. His experience from his time at William Hill was exactly what Stars Group was looking for, and the move made complete sense for both parties. “Stars Group wanted to accelerate

The festival is one of the biggest events in the UK racing calendar, spanning two days on 26 and 27 December. The races will be renamed in light of the new sponsorship agreement, now featuring the £250,000 Ladbrokes King George VI Chase, the £130,000 Ladbrokes Christmas Hurdle and the £100,00 Ladbrokes Desert Orchid Chase. The

The deal will see the operator more than double its annual financial contribution to the leagues, while continuing to gain exposure from in-stadia advertisement and broadcasting. Betfred also has a multi-million-pound deal with the Super League and announced earlier this month it would be sponsoring the Women’s Super League for the first time. Both contracts

Genius Sports bought the rights from Football DataCo earlier this year, denying any obligation to enter sublicensing agreements with other data suppliers. The agreement is intended to run for five seasons, from 2019-20 to 2023-24. Mark Locke, Genius Sports CEO, previously told Gambling Insider: “There is no requirement for us to sublicense the rights, but