US market leads Kambi to focus on ‘lighter’ B2B options
Summary: With DraftKings migrating from Kambi to its in-house platform in 2021 and Barstool Sports set to do the same in the coming months, the group is focusing efforts on providing ‘lighter’ B2B sports betting solutions to operators. Why it matters: The impact of DraftKings moving its tech stack in-house was clear in Kambi’s latest […]
Nevada sports-betting handle rises 36% in March
Summary: March Madness helped push Nevada’s sports betting handle up nearly 35% to $862.8m but GGR was down 6% to $36.9m. Of the total GGR, $19.1m came via mobile and $17.8m from retail while the win rate was 4.3%. Why it matters: The draw of March Madness was clearly a factor in the figures with […]
GAN takes out $30m loan
Summary: The B2B player account management platform provider and owner of the B2C Coolbet operation has taken out a $30m loan with Beach Point Capital and says it is poised for a “near-term opportunistic implementation” of a $5m share buyback. The term loan is repayable in four years and a half years and carries 9.5% […]
Kansas sports betting could pass today
@sierotyfeatures: Sports-betting legislation in Kansas appears to be on track toward passage as early as today (April 28), while legislation in Missouri is in flux following a filibuster Wednesday night. @GamblingComp https://t.co/QWvxMTdrIk
Light & Wonder (Scientific Games) adds Konami content in US
Summary: Light & Wonder will add Konami content to its US online casino platforms in Michigan, Pennsylvania, and New Jersey through an aggregation deal with Konami Gaming. Why it matters: According to the press release, “Barstool Sports players in Michigan and Pennsylvania, along with Golden Nugget customers in New Jersey are among the first to […]