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.
Venture capital fund Vereeni Investments has acquired a majority stake in Australian daily fantasy sports operator Moneyball. Terms of the deal have not been disclosed, but Vereeni has said the purchase represents a seven-figure investment.
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.
The Pennsylvania Gaming Control Board has revealed that fantasy contest providers generated turnover of more than $15m (£11.6m/€13.2m) in the state last year after figures for December showed an 11.7% month-on-month drop in revenue.