FDJ’s Strategic Move: €2.45bn Offer to Acquire Kindred Group
Reported by the Wall Street Journal over the weekend, Kindred has confirmed a takeover offer from FDJ. The offer, which was announced on January 21, involves FDJ offering SEK130 in…
Importance of Legal Compliance: ATG CEO Skarplöth Urges Differentiated Tax Instead of Proposed 4% Rise
In September, Sweden’s government (Regeringen) announced plans to increase the gambling tax rate in the country from 18% to 22% of gross gaming revenue (GGR). The proposed tax hike is…
FDJ reports 6.5% increase in revenue for FY, confirms Kindred acquisition bid
FDJ has submitted a €2.45bn offer to acquire Kindred Group, aiming to create a European gaming powerhouse. Kindred's revenue for 2023 was £1.21bn, while FDJ's revenue reached €2.62bn, with online…
Michigan Finance Report: Record-Breaking $2.30bn Revenue Generated from Online Gambling in 2023
In 2023, revenue in Michigan was 18.3% higher than the $1.98bn generated in 2022. It also surpassed the $1.40bn from the first year of legal betting in 2021. These figures…
EveryMatrix Appoints Former Sportingtech MD Longhurst as New Chief Commercial Officer
As part of his new role at EveryMatrix, Longhurst will be responsible for commercial strategy, including account management, sales, and marketing. He will closely collaborate with each of the group's…
Finance Forecast: Kindred Anticipates Significant Revenue and Earnings Increase in 2023
According to the latest update, Kindred's revenue for 2023 is expected to reach £1.21bn (£1.41bn/$1.54bn), which indicates a 13.3% increase compared to the £1.07bn reported in 2022. Gross winnings revenue…
Intralot extends strategic contract with Morocco’s MDJS until 2025
The Intralot and MDJS partnership has been extended until December 2025. Intralot will continue to operate MDJS' lottery as well as provide sports betting and other games of chance. This…
Hornsletten, co-founder of EveryMatrix, appointed to senior games position
Stian Hornsletten, a co-founder of EveryMatrix, will assume the role of Chief Commercial Officer (CCO) on 1 February. In his new position, Hornsletten will drive in-house development and forge partnerships…
Gamma Intermediate strategizes successful sale of 6.4% stake in Lottomatica for maximum profit
Gamma Intermediate retains a majority stake of 65.4% in Lottomatica after completing a €152m sale.The sale was conducted through an accelerated bookbuilding process at a price of €9.50 per share.The…
IGT extends supplier agreement with UK National Lottery in lottery industry
Under the new deal, IGT will continue to supply the core lottery system for the National Lottery. Allwyn, the fourth National Lottery licensee, will take over the lottery operations starting…