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.
Pragmatic Play’s Live Casino products have entered the Georgian market with operator Adjarabet, a division of Flutter Entertainment. Adjarabet is the first operator in this territory to launch Pragmatic Play’s Live Casino offering.
Branschföreningen för Onlinespel (BOS), Sweden’s trade association for online gambling, has hit out at the national government’s approach to illegal gaming activities, saying imposing certain restrictions on licensed operators will allow illegal sites to increase their market share.
Gaming Innovation Group (GiG) has reported lower revenue and wider losses in the third quarter, primarily due to the ongoing impact of new regulations in Sweden, while the operator and supplier has also announced the permanent appointment of Richard Brown as its chief executive.
Caesars Entertainment reported a 2.3% revenue increase to $2.24bn for the third quarter of 2019, but the operator swung to a loss due to impairment costs from the company’s sale of the Rio All-Suites Resort & Casino for a lower fee than the company’s valuation.
Online betting and gaming platform provider GAN has reported a 222% year-on-year increase in gross operator revenue for the four months to October 31, 2019, primarily due to higher than expected demand for internet gambling in both New Jersey and Pennsylvania.
White label and gaming content provider Nektan has placed a further 2.5m shares with an investor on top of its earlier share placement that concluded in October, raising a further £125,000 (€145,297/$161,073).