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Stronger global profile helps Kambi revenue growth in H1

Stockholm-listed sports betting technology supplier Kambi Group Sports has reported a 25.3% year-on-year increase in revenue for the first six months of 2019, with the business boosted by its customers launching in Pennsylvania’s online wagering market. A significant portion of CEO Kristian Nylén’s update was focused on the firm’s activities …

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Betsson revenue drops in Q2

Nordic market adjustments and Dutch declines have seen Betsson AB governance report a 5% year-on-year revenue decline for the second quarter of 2019. Group revenue for the second quarter amounted to SEK1,277.7m (approx. €120.0m), a decrease of 5 per cent year-on-year, as strong sports betting revenue growth of 14 per …

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Irish government considers tax break for bookies

The government of Ireland is studying the possibility of allowing bookies a tax-free turnover of €2.5 million a year. This move would help smaller, independent operators, which are struggling after the betting tax doubled earlier this year. The ‘Irish Times’ reported that Finance’s Minister Paschal Donohue is prepared to listen …

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1xBet pens partnership with Chelsea

Following recent deals alongside FC Barcelona and Liverpool, 1xBet has deepened it footballing links further after teaming up with English Premier League club, Chelsea. Chelsea’s deal with 1xBet will run for three seasons, from the 2019-20 campaign to 2021-22, with the operator to serve as the club’s official betting partner. …

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