Gambling.com Group has reported a 52% year-on-year increase in revenue for the first quarter of 2019, with the affiliate marketing giant to invest in the development of products for the US market in the year ahead.
The Pennsylvania Gaming Control Board (PGCB) has reported a 23% decline in fantasy contests revenue for February, the vertical’s third consecutive month of decline. Total revenue for February fell to $1.6m (£1.2m/€1.4m), with DraftKings leading the market in the month.
Paddy Power Betfair has seen its 2018 revenue grow as a result of the acquisition of FanDuel and an improved performance by the Paddy Power brand in the UK market, though the US investment has also hit full-year profits.
A district court in California dealt a blow to FanDuel, DraftKings and other DFS operators last week when it held that the payment of entry fees to enter daily fantasy horse racing contests that are returned to winners as cash prizes constituted a wager.
Atlantis Gaming Corporation (AGC), the company that is set to launch the first federally-approved online betting and daily fantasy sports (DFS) platform in the US, is planning to float on the stock market.
Scott Secord, chief executive of Gaming Nation, has declared himself “pleased” with the Canadian gaming platform supplier’s performance during the three months to March 31, citing growth within its 5050 Central business as a major highlight.
Sports and entertainment technology firm Gaming Nation has cited the impact of transaction acquisition costs as the main reasons behind a net loss of $23 million (€20.4 million) during the 12 months to December 31, 2015.
Daily fantasy sports operators DraftKings and FanDuel have moved to defend the integrity of their businesses after it was revealed that a member of staff released inside information and placed winning bets on events.