Wire EMEA
Flutter Revenue Exceeds £2bn
Flutter Entertainment has cited the influence of the FanDuel brand after recording 13 per cent revenue growth to over £2bn in the third quarter.
Despite record revenue across the Group, Australia saw a revenue decline with an estimated mid- single digit decline in the overall market across the year.
UK OPERATOR NEWS
UK - GBG to host land-based hub at ICE Cross-sector strategic body The Gambling Business Group (GBG) has announced that it will stage the second edition of its High Street Hub at ICE 2024. The High Street Hub provides an opportunity for visitors to network with colleagues from the land- based sector and engage with the policy debate set against the backdrop of the UK government’s White Paper on Gambling Reform.
The Gambling Business Group will be confirming a programme of initiatives taking place on each day of ICE. Registration to attend what will be the last edition of ICE held in London has opened.
Denmark - CreedRoomz acquires licence CreedRoomz has acquired a Danish licence for its live casino operations. Authorised by the Danish Gambling Authority, CreedRoomz is set to introduce its rich assortment of live casino games to the Danish audience.
This includes a variety of titles such as Richie Roulette, Roulette Aurum, Russian Poker, Switch Blackjack, traditional Roulette, Swift Roulette, Dragon Tiger, Asian Dragon Tiger, and Keno.
Bulgaria - Evoplay goes live with
8888.bg Game development studio Evoplay has taken its slot portfolio live with
8888.bg in Bulgaria. Evoplay’s suite of games will be accessible to players of the Bulgarian operator, including popular titles such as The Greatest Catch, Hot Volcano and Fruit Super Nova in a move that will strengthen the provider’s position in the CEE market.
Switzerland - Sportradar secures tender Sportradar has been selected as the official technology and services provider to Caribbean CAGE LLC, as the Caribbean and Latin American gaming company seeks to establish a sports betting offering for bettors in multiple jurisdictions including Antigua- Barbuda, Barbados, Guyana, Saint Lucia, and St. Kitts-Nevis. The multi-year agreement follows a competitive tender process.
Sportradar is fully implementing ORAKO, its player account management (PAM) and sports betting solution, to launch a customisable omnichannel sportsbook offering that allows the CAGE Companies to engage bettors in multiple jurisdictions through one integration, while delivering a consistent betting experience across retail, desktop, and mobile web channels.
The ORAKO solution provides a single point of access to Sportradar’s portfolio of betting products and services, allowing operators to choose how they configure their sportsbook. The CAGE Companies has opted to set-up its sports betting offering with Managed Trading Services (MTS).
P12 WIRE / PULSE / INSIGHT / REPORTS
Flutter Entertainment has cited the influence of the FanDuel brand for increasing player acquisition as the Group recorded 13 per cent revenue growth to over £2bn in the third quarter.
In the US, the combination of FanDuel and Flutter delivered an increase of 37 per cent in new sports betting and iGaming players in Q3 when compared with the prior year, including a 13 per cent increase in states launched pre-2022.
In the UK and Ireland, sports revenue grew six per cent and retail revenue rose by nine per cent, benefitting from a good start to the Premier League season and an enhanced product proposition and increased Betbuilder adoption.
However, Australia saw revenue decline seven per cent as sportsbook stakes were nine per cent lower. Te Group acknowledged that there isn't likely to be a turnaround soon with a 'softer racing market' now expected to persist into 2024, resulting in an estimated mid-single digit decline in the overall market across the year.
Flutter's international division reported revenue growth of 19 per cent following the acquisition
Ireland Majority of public against betting ban
Tree quarters of the Irish public are against the outright ban of betting in Ireland. Research comes as the Government’s Gambling Regulation Bill 2022 enters the final stage of the legislative process.
Te research conducted by Ireland Tinks on behalf of Lottoland, a leading online lotto betting operator licensed in the Republic of Ireland, shows that while 74 per cent of those surveyed supported the Government’s plans to introduce greater regulation of the gambling sector, (64 per cent) believe people should be free to gamble responsibly.
Of those that currently bet, almost one fifth (19 per cent) would seek alternative methods of gambling in the event that gambling is restricted in Ireland. Tis mirrors the results found in a recent PWC analysis, which found that the UK, France, Italy, Spain, Denmark, Norway and Sweden have all
witnessed growth in the black market, with growth of between 20 per cent to 66 per cent of all bets staked with black market providers.
Lottoland is urging Minister James Browne and the Regulator designate to re-engage with industry experts and listen to their concerns. It is feared that the new laws suffer from an absence of clear and robust definitions, and if passed, would have a range of unintended consequences stemming from a range of legal issues,
VP of Lottoland, Mike Kirwan, said: “Te results demonstrate that the Irish public are in favour of a sensible approach to the regulation of our sector, which sees increased regulation and harm reduction, without coming at the cost of individual’s ability to bet responsibly. We therefore urge Minister Browne to re-engage with our sector.”
of Sisal in August 2022 and organic growth within the business. Te Group had another strong quarter in Q3 and even in this seasonally quieter period, the power of our diversified business is clear with revenue growth of 13 per cent to over £2bn,” commented Peter Jackson, Chief Executive of Flutter.
“We remain the number one choice for sports betting and gaming customers globally, and our 16 per cent growth in average monthly players augurs well for our continued growth and market leadership.”
"We are particularly pleased by the great progress we are making in the US. We are the first online operator to achieve structural profitability, and the strong ramp in EBITDA during 2023 will continue into 2024 and beyond, as our profit margins expand materially.
"Te NFL season is off to an excellent start with our product leadership driving average monthly player growth of 38 per cent to 2.6m in the quarter... Outside of the US, our strategy ensures we can capitalise on the many growth opportunities which exist across our global markets.”
Italy
IGT PlayDigital will expand its content in Italy after partnering with Microgame in an agreement that will provide the Italian iGaming company with the ability to distribute IGT PlayDigital’s casino game library.
Top-performing IGT PlayDigital games such as Treasures of the Pyramids, Te Big Easy, Da Vinci Diamonds, and Cleopatra will be made available to nearly 50 operators within Microgame’s network.
Gil Rotem, IGT President of iGaming, said: “Tis partnership with Microgame enables IGT PlayDigital to amplify our casino portfolio... the demand for iGaming continues to grow at a rapid pace and with IGT PlayDigital’s experience and understanding of the Italian market, we are positioned to support Microgame in its portfolio expansion.”
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