Gambling Clear News
Sweden’s Svenska Spel reported a 24.6% year-on-year decline in net profit to SEK294.0m (£21.8m/€25.3m/$27.0m) in Q1 as spending increased and revenue slipped 1.0%. Net gaming revenue for the three months to 31 March amounted to SEK1.96bn, down from SEK1.98bn in Q1 of 2023. This came as Svenska Spel only reported revenue growth within one of
Research commissioned by GambleAware has found that children are being drawn in by “bright, loud and eye-catching” gambling ads, particularly more vulnerable children with special educational needs and disabilities (SEND). Part of this has to do with the “grey area” between gambling and gambling-like gaming, according to the research. The research aimed to investigate three
Consumer spending on sports betting in Delaware jumped 440.0% year-on-year in March to $18.9m (£15.2m/€17.7m), while the state’s igaming market also reported growth. Handle was some way clear of the $3.5m spent in Delaware in March last year. It was also up 37.0% from $13.8m in February of this year. In terms of revenue, this amounted to
Coljuegos, the gambling regulator in Colombia, has extended the deadline for operators to implement responsible gambling (RG) actions to August. Resolution 7,624 of 2024 means that operators with an ongoing concession contract with Coljuegos now have until 1 August to put into effect actions to promote RG in Colombia. Coljuegos president Marco Emilio Hincapié says
The Philippine Amusement and Gaming Corporation (PAGCOR) has appointed lawyer Wilma Eisma as its new president and COO. Eisma succeeds Juanito Sansosa Jr, who resigned as president and COO in January. The Philippine regulator confirmed yesterday (18 April) that Eisma had taken her oath of office before Lucas Bersamin, Pagcor’s executive secretary. This was witnessed
Gambling revenue in Pennsylvania reached an all-time high of $554.6m (£444.7m/€519.3m) in March, driven by a record performance by the igaming market. Revenue was 7.6% more than $515.3m in Pennsylvania in March 2023 and beat February’s total of $449.1m by 11.1%, It also surpassed the existing monthly record of $534.2m set in December last year. Retail slots were again
SkyCity Entertainment Group has announced the appointment of experienced gambling executive Jason Walbridge as its new chief executive. Walbridge is set to begin his new role at SkyCity in July this year. His appointment as CEO is subject to regulatory approvals in New Zealand. He joins having worked in the gambling industry for two decades
The Cordish Companies and retail estate business Bruce Smith Enterprises have announced plans to develop a new $1.40bn (£1.13bn/€1.32bn) gaming and entertainment facility in Petersburg, Virginia. Located close to Interstate I-95, Cordish said the Live! Casino & Hotel Virginia would create over 7,500 new jobs. Cordish also said it hopes the facility will become a
Igaming aggregator and content supplier Relax Gaming has announced the appointment of Martin Stålros as its new CEO. Stålros takes on the CEO position after almost 10 years as chief operating officer of Relax Gaming. He is replacing Simon Hammon, who has served as Relax CEO since 2022 after three years as chief product officer.
Welcome to iGB’s State of the Union, a look at the biggest North American sports betting stories we’ve covered over the week and briefs on others we found interesting. Bally Bet aiming for June Massachusetts launch Saying “our commitment is strong here”, on Thursday (11 April) representatives from Bally Bet told the Massachusetts Gaming Commission
