The investment bank has become the Swedish operator’s third-biggest shareholder. Sweden.- The investment bank Goldman Sachs has acquired 5.4 per cent of Kindred Group, becoming the online gambling operator’s third largest shareholder. The news comes ahead of Française des Jeux’s proposed €125m acquisition of the company. The news points to high expectations that the French...
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Vermont sports betting handle reaches $12.6m for May
The handle decreased by 27 per cent from the previous month. US.- Vermont’s sports betting handle was $12.6m in May, down 27 per cent from April. Close to 554,000 bets were placed with an average wager of $22.75. Out-of-state players accounted for nearly a fifth of all wagers ($2.7m). The average bet per out-of-state player...
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Delaware igaming revenue reaches $3.9m in May
Revenue decreased 12.2 per cent from April. US.- Igaming revenue in Delaware was $3.9m in May, up 216 per cent from May 2023 but down 12.2 per cent from April. Two of the state’s three online casinos saw a monthly drop in revenue. Bally’s Dover reported $776,191, down 25.4 per cent and Harrington $848,354, down...
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How the sector is tackling competition this sporting summer
A packed sporting schedule means there are plenty of opportunities for gambling companies this summer to engage and target new customers. iGB spoke to a few industry leaders on targeting new betting markets and unique products helping them to stand out from the crowd. Operators Betfred and Paddy Power and betting engine supplier Kambi are...
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I Was Mistaken for a Minor Celebrity During My Travels
I’m not *that* James Wong. The thing about having the same name as a minor celebrity is that, unlike a megastar, people can actually believe that you are them. I share a name with British television presenter and author James Wong. For over a decade, the ethnobotanist has graced screens on the BBC and Netflix,...
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Online gambling players using phone credit deposits: Minister Setiadi
Jakarta (ANTARA) – Minister of Communication and Informatics Budi Arie Setiadi on Tuesday disclosed the latest findings in a Financial Transaction Reports and Analysis Center (PPATK) report on a new mode of online gambling that uses phone credit deposits. The report found that online gambling players can resort to phone credit deposits, thereby complicating the...
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Bet £10 on Royal Ascot today & Get free £5 Euros bet builder with William Hill
WILLIAM HILL have a terrific offer ahead of day one at Royal Ascot today – and it’s for ALL customers. The bookmaker is offering a £5 free bet builder to use on Euro 2024 when you Opt In and stake £10 on Royal Ascot today, Tuesday June 18! Find The Sun’s betting publishing principles here...
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Wall Street Breakfast Podcast: SCOTUS Refuses Sports Betting
Hispanolistic/E+ via Getty Images Listen below or on the go on Apple Podcasts and Spotify U.S. Supreme Court refuses to hear challenge to Florida’s online sports betting compact. (00:30) Chegg (CHGG) jumps over 9% after announcing headcount reduction, restructuring. (01:39) McDonald’s (MCD) ends drive-thru AI partnership with IBM as it looks for a broad voice...
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Arizona posts year-on-year sports betting growth in April
Higher spending on sports betting led to a 26.1% year-on-year rise in adjusted gross revenue (AGR) in Arizona, while the Grand Canyon State also reported a month-on-month increase in revenue. Starting with handle, total spend in Arizona on April hit $656.3m (£516.9m/€611.6m). This is 22.5% higher than last year but 13.6% behind $759.8m in March this year. Arizona...
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Massachusetts May handle up on last year as DraftKings maintains top spot
Player spending on sports betting in Massachusetts fell for the second consecutive month in May, though the Bay State was able to report a year-on-year rise in handle. Overall betting handle for the month hit $587.3m (£462.7m/€547.6m), 32.4% higher than May last year, but 2.7% behind the $603.3m wagered in Massachusetts in April this year. Online...
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Best Value Bets for Wednesday including Hunt Cup
Matt Brocklebank tipped a sensational 66/1 winner on day one at Royal Ascot and our value-seeking expert has a couple of recommendations on Wednesday. The Value Bet is designed to generate long-term profit by searching for overpriced horses in the feature weekend races and at the big Festivals in the UK and Ireland. Value Bet...
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Illinois betting handle up 22.8% to $1.10bn in April
Sports betting handle in Illinois jumped 22.8% year-on-year to $1.10bn (£868.2m/€1.03bn) in April, while revenue also edged up year-on-year. The Illinois April figure was 22% higher than the $898.6m wagered in the same month last year. However, it was down 12.7% from the $1.26bn bet in Illinois in March of this year. Of the total...