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Genius Sports and Sportradar litigation dispute resolved

The resolution enables FDC to continue to license and market FDC data as it determines in the future.   Furthermore, Genius Sports shall maintain the exclusive right to provide low-latency official FDC betting data until 2024.   Per the legal agreement, Sportradar has agreed to cease and refrain from unofficial in-stadia scouting of Premier League, […]

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Cumulus Media launches betting-focused radio station in Bay Area

Broadcasting company Cumulus Media has launched 810 The Spread, delivering sports betting news and insights to listeners in the San Francisco Bay Area. Cumulus called bettors in the populous California locale “underserved,” something The Spread sets out to rectify. The new station will purportedly offer “behind-the-book” perspectives from experts, such as Joe Ostrowski and Jim

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Digitain promotes Armine Sirunyan to Group COO position

Listen To Article Sirunyan was previously Deputy COO and Director of Analytics for Digitain and has spent eight years at the Armenia-based provider. She now sits firmly within the upper echelons of the organisation. On her promotion, Sirunyan said: “I’m delighted to take up this exciting new role and to continue my journey with Digitain.

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MPs and regulator comment as Safer Gambling Week campaign starts in the UK

Listen To Article Last year, the campaign led to a 17% increase in the use of safer gambling tools and deposit limits following the week, compared to the previous four-week average, according to the Betting & Gaming Council (BGC). Damian Collins MP, DCMS Parliamentary Under-Secretary, said at the start of the 2022 campaign: “We support

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New Jersey generates $485m in gaming revenue for September

Listen To Article Total gaming revenue for the year so far stands at $3.87bn, 12% higher than it reported at this stage last year.  The state’s nine casinos have made $251.7m in gaming revenue for September 2022, representing 1% growth year-on-year.  New Jersey’s nine casinos have generated $2.13bn for the year so far, representing a 13%

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AGA reports 10% rise in US commercial gaming revenue for August

Listen To Article The American Gaming Association (AGA) has said the US commercial gaming sector generated $4.89bn in August, up 10% year-on-year to set a new record for the month. Despite “difficult macroeconomic conditions,” August represented the 18th consecutive month with positive year-on-year revenue growth. However, gaming revenue declined by 4% on a sequential basis,

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BetMakers enters share purchase deal to acquire Punting Form

Listen To Article The Australian group has put pen to paper on a share purchase agreement to take over Punting Form’s owner, ABettorEdge. By acquiring the company, BetMakers believes it will strengthen its position as a provider of B2B data and technology, specifically within horseracing. Punting Form “uses proprietary IP and artificial intelligence to create

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Kambi sees 11% revenue fall during expectedly “challenging” Q3

Listen To Article Operating profit fell considerably to €3.9m, with cash flow also down as the provider cited a traditionally “challenging” period for sports betting, given the “quiet” sporting calendar – especially in Europe and the US. Nevertheless, among its Q3 highlights, the supplier emphasised an operator turnover increase of 12% – driven by new market

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Churchill Downs posts record $163.2m in Q3 adjusted EBITDA but net revenue falls

Listen To Article The company’s top-line has declined by approximately $10m year-on-year, dropping from $393m to $383.1m. As a result, Churchill’s profitability was negatively impacted to the tune of $4.4m. The company’s third quarter net income fell from $61.4m to $57m, a 7% decrease. Churchill’s TwinSpires business produced $107.4m, $1.6m fewer than in the prior-year

Churchill Downs posts record $163.2m in Q3 adjusted EBITDA but net revenue falls Read More »