Gambling Clear News
BetMGM, the joint venture between Entain and MGM Resorts, generated almost $2.00bn (£1.59bn/€1.86bn) in revenue in 2023, reaching the upper end of its guidance range. Revenue for the 12 months to 31 December 2023 amounted to $1.96bn. BetMGM forecast between $1.80bn and $2.00bn for the full year, with several developments helping to drive growth. In line with
During ICE Vox today, (5 February) Bill Miller, president and CEO of the American Gaming Association (AGA), said it believes the American model of gaming showcased worldwide is a “successful long-term endeavour”. The comment was made at the ECA Opening: Global Associations panel at the International Casino Conference. The panel was moderated by Tom Nieman
Scientific Games has revealed details of “strategically planned milestones” to support Allwyn with operating the UK National Lottery. Allwyn took control of the National Lottery yesterday (1 February) after the fourth licence came into effect. Scientific Games said it has been working with Allwyn to prepare for the handover of responsibilities. The strategic initiatives see Scientific Games focus
Flutter Entertainment has today (29 January) commenced trading on the New York Stock Exchange (NYSE) in the US, with its shares launching at 2.30pm GMT. Ordinary shares in Flutter are now trading under the ticker symbol FLUT on the NYSE. Launching on the NYSE signals the end of Flutter’s secondary listing on Euronext Dublin. Last
Denise Coates, founder of Bet365, has fallen to third in the annual list of the top taxpayers in the UK, while Betfred’s Fred and Peter Done climbed to fourth. Published each year by The Times newspaper, the Tax List features the top 100 UK taxpayers. Those on this year’s list paid a collective £5.35bn (€6.27bn/$6.81bn) in tax
Allwyn has appointed Steve Parkinson, formerly of Bauer Media, as brand and marketing director for its Allwyn UK business. Parkinson takes on the role at Allwyn with immediate effect having left Bauer in December after 16 years. UK-facing media group Bauer operates a large number of radio stations and magazines. During his time at Bauer
International Game Technology (IGT) has withdrawn its legal challenge over the decision to award the fourth UK National Lottery licence to Allwyn. The case dates back to July 2022 when the Court of Appeal granted IGT permission to challenge the selection. The Gambling Commission named Allwyn as the successful bidder for the National Lottery licence in March 2022.
LiveScore reported revenue of £129.6m ($165.0m/€150.8m) in its full year 2023 results, an increase of 48.9% yearly. LiveScore’s full-year period ended 31 March 2023. Its full-year report focused on operations within its Virgin Bet, LiveScore Bet and sports media business. Gambling made up £108.0m of the total revenue, up by 57.3% compared to full-year 2022.
Boylesports has appointed Michail Koutsoukos, formerly of Kaizen Gaming and Kindred Group, as its new head of customer engagement. Koutsoukos moved into the role at Boylesports towards the end of last year. He joins from Kaizen Gaming, where he worked across the Stoiximan and Betano brands. Koutsoukos spent more than two years with Kaizen Gaming
Bookmaker Betfred has agreed to extend its title sponsorship of major UK horseracing event the Epsom Derby by an additional year. Betfred sponsored the Derby Festival for the first time in 2023 in an initial three-year deal. This has now been extended by a further year, covering each event until at least 2026. As part
