Online gaming affiliate business Net Gaming Europe has said expects the novel coronavirus (Covid-19) pandemic to have a “limited” impact on business, with a quarter-on-quarter drop in revenue forecast for the first three months of 2020.
Affiliate giant Gambling.com Group has issued an update on the effects of the novel coronavirus (Covid-19) on its business, reporting that it generated revenue of €2.4m for January and February 2020, down 27.4% year-on-year.
Online affiliate and content marketing provider Raketech said it does not expect the outbreak of novel coronavirus (Covid-19) to have a long-term impact on its business, but did warn that the pandemic is likely to affect sports betting income.
Catena Media has reported a 5.7% year-on-year increase in revenue for the two months to 29 February, with the affiliate marketing giant saying that it anticipates further growth amid the novel coronavirus (Covid-19) pandemic.
Net Gaming Europe has reported a year-on-year drop in revenue and profit in 2019, with chief executive Marcus Teilman saying the introduction of new local regulations across Europe had made for a challenging year for the online gaming affiliate business.
Affiliate marketing giant Catena Media has reported a full-year loss of €10.5m (£8.8m/$11.3m) for 2019, primarily due to impairment charges related to assets acquired between 2016 and 2018, while all core business units struggled in the period.
Affiliate giant Catena Media has revealed it is set to post an operating loss for the fourth quarter due to the impact of intangible assets, the adoption of IFRS 9 accounting assumptions and an exceptional revenue adjustment in the US.
The New South Wales (NSW) Independent Liquor and Gaming Authority has convicted Ladbrokes Australia and Neds of illegal gambling marketing activities in the Australian state, issuing the two operators with a record fine of AUD$207,500, the highest ever levied in the state.
Affiliate marketing specialist XLMedia’s shares declined 29.4% as it announced recent changes to the Google rankings of its sites have led to a “significant decrease in traffic” that would hurt the company’s revenue.
Executives of the company behind UK white label sportsbook Fansbet claim the business is in good financial shape, despite acknowledging that the company owes more than £500,000 in late payments to affiliates dating back to August 2019.
Online affiliate and content marketing provider Raketech has warned it is likely to fall short of its forecasted reported earnings before interest, tax, depreciation and amortisation (EBITDA) in the fourth quarter, while operating profit it also set to come in below expectations.
Australian online gambling operator Betchoice, trading as Unibet in the country, has been ordered to pay Aus$25,000 (£13,052/€15,372/US$17,115) in fines and costs for illegally offering gambling inducements to consumers in New South Wales.
Raketech saw revenue for the third quarter of 2019 decline 15.1% to €6.0m, while costs increased, as the affiliate marketing business' profits continued to suffer from the effects of Swedish re-regulation.
Affiliate marketing giant Better Collective reported record revenue of €17.1m for the third quarter of 2019, a 53.9% year-on-year increase, which the business said was largely attributable to acquisitions in the US and Sweden.