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  • 6

Betsson reported above-consensus profits for the second quarter of the year

July 14, 2023

The increased profits are attributed to several factors, including significant revenue growth in central and eastern Europe (CEE), central Asia, and increased earnings from their business-to-business (B2B) operations, particularly in the resurgent Turkish market. In Q2, B2B revenue, which includes Betsson’s partnership with Turkish-facing Realm based in Malta, accounted for […]

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  • 7

BetMGM has significantly reduced its promotional spend

July 14, 2023

BetMGM has significantly reduced its promotional spend. In May, during a period of relatively low sports-betting activity, BetMGM decreased its bonuses and promotional spend by over 40% compared to previous levels. This pullback by BetMGM goes against the trend observed in the rest of the market, where other operators increased […]

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  • 1

Gambling.Com

July 10, 2023

Analysts at Macquarie are optimistic about Gambling.com’s position in the affiliate marketing sector within the gambling industry, which remains notably fragmented. They highlight that Gambling.com possesses a unique blend of a distinctive offering, media assets, and strategic partnerships, a combination that is potentially influential in the affiliate market.

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  • 4

Draft Kings Marching Towards Profitability

July 10, 2023

DraftKings is reportedly on the verge of achieving a significant financial milestone, potentially posting its first-ever profit in Q2, as suggested by analysts at Jefferies. This would mark a considerable change for the online sports betting and fantasy sports provider. A shift from loss-making operations to profitability often signals a […]

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BET 365 Making a Push in the US Market

July 10, 2023

Bet365 seems to be successfully gaining a foothold in the US market, with notable success in Ohio, but its growth strategy appears heavily reliant on promotions. Whether this approach is sustainable as the market matures and if it can maintain or increase its hold rate without such heavy promotional activity […]

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