Unibet operator Kindred Group has reported an 8.0% year-on-year rise in revenue for the first quarter of 2019, though has seen earnings impacted by costs associated with its launch in Sweden’s newly regulated igaming market.
The Stars Group has reported a 54.6% increase in revenue for 2018, with the strong organic growth of the PokerStars operator complemented by contributions from the newly acquired Sky Betting & Gaming and BetEasy businesses. However the company posted a loss for the year, due to soaring administrative costs, increased investment in sales and marketing and finance-related expenses.
US racetrack and casino operator Churchill Downs Incorporated (CDI) has cited its racing and online advance deposit wagering (ADW) divisions as key drivers of a 14.3% year-on-year increase in revenue for 2018.
RakeTech Group has acquired Danish poker community Pokernet.dk, as well as online gaming affiliate websites Odds.dk and Casinoguide.dk, while Catena Media has acquired Newcasinos.com and related affiliate assets.
The Danish igaming market is small but almost perfectly formed, with its business-friendly approach driving a high number of consumers to use licensed operators, the latest research from the iGaming Business Market Monitor reveals.
Amaya has suffered a heavy drop in its share price after it was revealed that chief executive David Baazov will face five charges of insider trading in regards to the company’s acquisition of Oldford Group, the owner of PokerStars.