Sportradar surges on American sports betting in Q2; CFO resigns for U.S. job Brendan Coffey, Sportico · August 17, 2022 at 5:34 pm Data and analytics company Sportradar reported second-quarter sales rose 23% this morning as the company raised its expectations for full-year sales. Wall Street responded by buying up shares, sending the company up more than 21% by mid-morning on the Nasdaq. Sportradar generated nearly $186 million (177.2 million euros) in revenue in the quarter that ended June 30, driven primarily by an … [Read more...]
Bahamas: Atlantis Paradise Island names new chief gaming and customer development officer Caribbean Journal · August 17, 2022 at 5:32 pm Atlantis Paradise Island has named a new chief gaming officer. The signature resort has tapped Joe Brunini as its new chief gaming and customer development officer. In the role, Brunini will oversee the operations and marketing of the world-renowned Atlantis Casino. “We are thrilled to welcome Joe to Atlantis and eager to see his ideas for new initiatives take shape,” said Audrey Oswell, … [Read more...]
On earnings call, Genius Sports CEO says sportsbook operators shrank Q2 ad spend Geoff Zochodne, Covers · August 16, 2022 at 6:21 pm The chief executive officer of data-and-analytics company Genius Sports Ltd. says online sportsbooks shrank their promotional budgets during the second quarter and shifted some spending towards advertising their internet-based casinos instead. Genius on Tuesday reported its financial results for the second quarter, which ended June 30. And the company, which says it “powers the global ecosystem … [Read more...]
IGT introduces future of lottery retail in Portugal with 7,200 camera-based terminals CDC Gaming Reports · August 16, 2022 at 6:17 pm International Game Technology announced today that its subsidiary, IGT Global Solutions Corporation, has signed an agreement with Santa Casa da Misericórdia de Lisboa (SCML) to debut IGT's Retailer Vue lottery terminal in Portugal, following a competitive procurement. The delivery of up to 7,200 camera-based terminals is expected to be completed sometime next year. IGT's Retailer Vue lottery … [Read more...]
Delay in UK’s gambling review lets Premier League football clubs strike sponsorship deals Jon Ungoed-Thomas, The Observer · August 15, 2022 at 6:24 pm Families who lost loved ones to gambling addiction have reacted with anger after the government’s decision to delay its gambling white paper allowed three Premier League football clubs to sign new shirt sponsorship deals with betting firms. The new agreements mean that eight of England’s top football clubs now have front-of-shirt gambling sponsors, while others have separate deals for sleeve … [Read more...]
Portuguese registered player numbers plummet in Q2 Zak Thomas-Akoo, iGaming Business · August 15, 2022 at 6:22 pm Portuguese gaming regulator Serviço de Regulação Inspeção de Jogos (SRIJ) has released its quarterly gambling statistics, showing a 7.7% increase in players choosing to self-exclude from gaming sites in Q2, even as new registered players dropped 23.1% quarter-on-quarter. While the quarterly fall in new player registrations could possibly be explained by seasonal variations, it is still a 9.1% … [Read more...]
Macao: Casinos up against revenue declines during relicensing Richard N. Velotta, Las Vegas Review-Journal · August 15, 2022 at 2:27 pm At a time when gaming revenue has dried up in Macao, licensed casino operators there, including three Las Vegas-based companies, are being asked to invest more money on nongaming attractions as a condition of relicensing. COVID-19 restrictions in Macao have damaged the region’s economy to the point that gross gaming revenue from the Strip is expected to surpass Macao in 2022, and analysts … [Read more...]
Relicensing of Macao’s casinos coming on heels of major shutdown Richard N. Velotta, Las Vegas Review-Journal · August 15, 2022 at 1:55 pm Macao, the most lucrative casino gaming market in the world since 2006, is taking a page from an old Strip playbook. Remember those efforts to draw families to Las Vegas in the 1990s? Casino companies across the valley built thrill rides, roller coasters and Strip-front entertainment to attract audiences to their resorts. That’s what’s in store for Macao as the government there, taking cues … [Read more...]
British bookmaker 888 Holdings’ profit slumps as inflation bites Radhika Anilkumar, Reuters · August 14, 2022 at 5:10 pm British bookmaker 888 Holdings Plc reported a fall in its first-half interim profit on Friday, dented by tightened UK online gambling safety measures and the cost-of-living crisis. The London-listed company said its profit for the six-month period ended June 30 slumped 66% to 14.4 million pounds ($17.57 million), compared with 41.9 million pounds last year. "In the second half of 2022, our … [Read more...]
Bermuda: Hamilton Princess hotel seeking casino license Shaun Connolly, The Royal Gazette · August 14, 2022 at 5:07 pm The Hamilton Princess has formally served notice of its aim to have a casino. This week the hotel released a legal declaration of its plans, stating: “Notice is hereby given of the intention to apply for a licence under Section 114A of the Companies Act 1981 for Hamilton Princess Casino Limited.” Earlier this year, the Bermuda Casino Gaming Commission confirmed that the hotel was in the … [Read more...]
