UK reforms could have far-reaching impact on US operators
The ongoing wait for the UK government’s White Paper on gambling reform has been one of the longest running industry sagas of the past few years. According to numerous media reports, it is finally due to be released at the end of this month and is likely to propose major regulatory reforms around: a potential […]
Read MoreSuper Group guidance change prompts even more questions
It’s fair to say the markets’ reaction to Super Group’s announcement that it would be “tough to meet or exceed 2022 revenue guidance” was bad. Its shares were down 27% on the day and listening to the investor call, it was clear there was surprise and, even, a tinge of anger in some of the […]
Read MoreDraftKings will come good in the long run, say Jefferies analysts
The analysts at Jefferies have gone over DraftKings’ recent first quarter numbers and say “the current risk/reward for DKNG shares is highly favorable” and placed a price target of $33 on the group’s shares. Questions are ever-present whenever DraftKings and its losses are being discussed. The group is a bellwether for the rest on the […]
Read MoreRecord first quarter for US sports betting and online gambling
The American Gaming Association’s latest revenue tracker of the first quarter of 2022 showed that online sportsbook and gaming operators experienced record revenues. Sports betting and online casino set “all-time quarterly records on the back of healthy growth in existing markets and new state launches, with New York being the most notable,” said the AGA. […]
Read MoreUS market realities drive push for ‘lighter’ B2B betting solutions
Kambi’s latest quarterly results show the impact that big brands moving their tech stacks in-house is having on sports betting solutions providers. The group’s strategy to develop modular, API-powered solutions is a way to address the situation. The 15% and 25% drops in revenue and turnover experienced by online sports betting solution provider Kambi is […]
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