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The Changing Face of Bingo
Our hobbies are activities we turn to no matter how we feel, or whatever state the world might find itself in. Naturally we hope that we derive pleasure from them, in which case they become something of a support. Hobbies then are a steadying and reliable influence on our lives, so provoking strong feelings amongst those who favour a given passion. In this, bingo is not just no different, but the very definition of reassuringly familiar.
Given the specificity of bingo – its central place within a cultural tradition and its association with a particular demographic – any unnecessary changes to the game would likely meet with resistance from its devotees. This is understandable though, particularly in times of turmoil, whether personal or social, as it is in such times especially that a hobby means more to us than it ordinarily would. However, time does not stand still, as change is the normal order of things.
For all its emphasis on tradition and simplicity, bingo is not immune to change. It has had to adapt, if not in the fundamental rules of the game, then certainly in the manner of our participation. In the case of the elderly, the presence of bingo remains a constant to those who have spent a lifetime enjoying the game, and it can continue playing an important role in their lives even when they might need to enter care. There are some rules and regulations to be mindful of though when a game takes place outside of a bricks and mortar hall, but not being able to make it to such a venue is no barrier to remaining bingo active.
Being able to still take part in the game, regardless of whatever age a player happens to be, is a crucial aspect of what makes bingo distinct in the wider gambling arena, as it really does remove the barrier between young and old. Whatever number your age falls on, it’s almost certain to be included in the spread of numbers on the bingo card, as it too does not discriminate. There is no doubt though that the internet has forever changed how players of a certain age participate in the game, which has done wonders for its popularity. Bingo no longer has the image problem it once did, as a new generation of operators and gamers have given it a new lease of life.
This new lease of life though, one based on the remoteness of participating in online gaming, thankfully hasn’t banished the traditional bingo hall to the margins of the game’s history. The old halls were stuck in an old way of doing things, and had become so predictable and stuffy over time that they have to shoulder some of the blame for how bingo came to be viewed as a relic of the past. Many of us would prefer to see those gathered in a physical hall being encouraged to let themselves go and create a lively atmosphere, to no longer feel inhibited, as people need to simply let off some steam. As one tired old hall resembled another, so too did bingo fall into disrepair.
The idea of spending time in another tired old hall had lost most of its appeal, but happily the good people of Bingo Academy are all too keen to put an end to all that. Unlike the majority of recent entrants into the bingo arena, their service does not take place online, as they prefer for people to mingle in the real world when playing, believing correctly that this vital social aspect of bingo, or any hobby really, cannot be replicated in the online rooms, regardless of their prevalence and convenience. The community aspect of bingo has always been one of its biggest draws, as the literal coming together of diverse people around a common theme is something our current age is in desperate need of.
A former founder of Rebel Bingo started Bingo Academy, another outfit whose shaking up of the bingo establishment caused the mainstream press to notice them. Their events became famous for their party atmosphere and their refusal to take either themselves or bingo too seriously, but while managing not to poke fun at the game. Instead. they had realised that a younger generation who had become seduced by online bingo might still want to venture into a building and let their hair down for an evening. By catering to their needs, the game was reinvigorated by returning to is roots, if not quite still abiding by its former customs.
Bingo Academy are now diversifying even further though, as their most recent round of games are taking place away from the bingo halls they have breathed new life into. Throughout September-November 2018, they will be hosting a series of evenings at London’s The Kitty Hawk pub, which couldn’t be a more different venue in a more different area than bingo is customarily held in. But its potential for crossover appeal is one of the most interesting things about bingo. You’ll find the pub in the City of London, a district so distinct from the rest of the capital that it has its own police force.
Not only that, but Her Majesty needs to seek permission from the Lord Mayor of London – who is not to be confused with the Mayor of London, as the holder of that office does not have jurisdiction over the City of London – before she enters the area. The Square Mile, as it is also known, has long been fussy about who it admits, so bingo can count itself fortunate that it now has the right credentials. Normally the City is flooded with investment bankers, lawyers and other professionals during the day, before largely falling silent in the evenings and weekends, as its reputation is for work, rather than play.
That will change if Bingo Academy live up to their previous form. With their latest events happening on certain Friday and Saturday evenings, the usually sedate City of London is in for a rude awakening. You can buy tickets here, but I don’t know whether the Queen might drop in. If she does though, she’ll definitely be having a gin and tonic.
Author Bio: Pavlos Sideris is Co-founder of BestBingoWebsites, home to the UK’s best bingo sites, bonus codes and no wagering bingo.
Source: Latest News on European Gaming Media Network
Reading Time: 4 minutes
“Since the start of Q3, Kambi has signed seven Turnkey Sportsbook partners, three Odds Feed+ deals and two partner renewals – a clear reflection of the commercial progress we are making” – says Werner Becher, CEO of Kambi Group
Financial highlights
- Revenue in the third quarter 2025 was €37.4m (43.0m), a decrease of 13.1%. Excluding €2.3m of transition fees received in Q3 2024, revenues decreased by 8.1%. For the period January to September 2025, revenues were €119.3m (132.0m), a decrease of 9.6%. Excluding €11.2m of transition fees received in the same period in 2024, revenues decreased by 1.2%.
- Adjusted EBITA (acq) in the quarter was €3.4m (4.9m), at a margin of 9.0% (11.4%). For the period January to September 2025, Adjusted EBITA (acq) was €9.4m (18.2m), at a margin of 7.9% (13.8%), and €10.3m (19.1m) excluding the impact of FX revaluations.
- Total expenses were €35.4m (39.4m) in the quarter, a decrease of 10.3%. For the period January to September 2025, total expenses were €113.9m (117.8m), a decrease of 3.3%.
- Operating profit for the third quarter was €1.6m (3.6m), at a margin of 4.3% (8.3%) and €4.0m (14.2m), at a margin of 3.4% (10.7%) for the period January to September 2025.
- Cash flow (excluding working capital and M&A) amounted to €6.1m (5.7m) for the quarter and €15.2m (19.2m) for the period January to September 2025.
- Earnings per share for the quarter were €0.036 (0.083) and €0.072 (0.345) year-to-date.
- Due to the ongoing negative impact of FX, the Brazilian market developing slower than anticipated and the revised timing of a key partner launch, Kambi now estimates full year Adjusted EBITA (acq) to be around €17.0 million.
Key operational highlights
- Signed four Odds Feed+ deals, including with major European operator Superbet Group, underlining the quality of Kambi’s modular odds feed solution
- Agreed numerous Turnkey Sportsbook partnerships, including an online deal with Glitnor Group and with Oneida Indian Nation, which operates three retail properties in New York State
- Acquired source code for a player account management platform from OMEGA Systems, unlocking Turnkey Sportsbook opportunities in Nevada
CEO comment
“Since the start of Q3, Kambi has signed seven Turnkey Sportsbook partners, three Odds Feed+ deals and two partner renewals – a clear reflection of the commercial progress we are making.
Among those agreements is our partnership with Superbet Group for our Odds Feed+ product. Currently ranked no.11 in the EGR Power 50 list, Superbet is one of the leading operators in Europe and Latin America and therefore a great addition to our Odds Feed+ partner roster. Additional deals with LeoVegas Group and Coolbet only further underline the strength of our premium modular odds solution.
From a Turnkey perspective, we partnered with Glitnor Group, which will upgrade from its existing sportsbook supplier to utilise our premium end-to-end sportsbook in multiple markets in Europe and the Americas. We continued to strengthen our tribal gaming ties in the US through a partnership with the Oneida Indian Nation in New York State and signed three partnerships in the Netherlands with Betnation, Holland Gaming Technology and Hommerson. These agreements further diversify our revenue base while strengthening our position in a number of key markets.
We are also focused on increasing future commercial opportunities and to that end we have announced the acquisition of source code to a player account management (PAM) platform. A PAM is a core component of a multi-vertical igaming technology stack that enables operators to centrally control all aspects of player management from KYC to payments to promotional tools, as well as housing casino aggregation capabilities. In the immediate term, the PAM will be focused on unlocking Turnkey Sportsbook opportunities in Nevada and potentially later in other markets where there are few or no viable third-party PAMs available.
Our Q3 financial performance was disciplined in a period impacted by a quieter sporting calendar, which last year included the Euros, Copa América and the Olympics, and the ongoing increased impact of gaming-related taxes. Revenue in Q3 reached €37.4 million, a decrease of 8% year-over-year when excluding transition fees, generating Adjusted EBITA (acq) of €3.4 million. We continue to see the benefits of our cost efficiency programme, which will continue into Q4 and 2026.
The planned Q4 launch of Ontario Lottery & Gaming is now expected to take place in Q1 2026, with revenue generation therefore starting later than originally anticipated. All development work is complete, and we are working closely with OLG on thorough testing. This amended timeline, the ongoing negative impact of FX, and the slower than anticipated development of the Brazilian market have led us to revise our 2025 guidance to an Adjusted EBITA (acq) of around €17.0 million.
With the busy sporting calendar upon us, we continue to focus on delivering an unbeatable product and service to our partners while building the foundations for long-term growth. The recent commercial wins, ongoing improvements to our market-leading product, the opportunities that the PAM will create, as well as the continued progress of our efficiency programme are, together, evidence of the positive momentum we are building. When coupled with the exciting opportunities we continue to pursue, I have growing confidence we will deliver sustainable growth and long-term returns for our shareholders.”
Invitation to presentation of the report
Kambi invites analysts, investors, and media to a presentation of the report at 10.00 CEST on Wednesday 5 November.
The presentation will be held in English by Kambi’s CEO Werner Becher and CFO David Kenyon and can be accessed using the links below. After the presentation there will be the opportunity to ask questions.
Webcast:
If you wish to participate via webcast please use the link below. Via the webcast you are able to ask written questions.
webcast: edge.media-server.com/mmc/p/qrrugvox
Teleconference:
If you wish to participate via teleconference please register on the link below. After registration you will be provided phone numbers and a conference ID to access the conference. You can ask questions verbally via the teleconference.
Registration: register-conf.media-server.com/register/BI543b2e9c60b54630b42e7bd0c0751f6e
The post Kambi Group plc Q3 2025 Report appeared first on European Gaming Industry News.
Latest News
Sportradar Reports Third Quarter Financial Results, Raises Full Year 2025 Outlook and Announces Increase in Share Repurchase Program to $300 Million
Reading Time: 6 minutes
Third Quarter 2025 Highlights
- Revenue increased 14% to €292 million
- Generated profit for the period of €22 million, 7.7% as a percentage of revenue
- Adjusted EBITDA1 increased 29% to €85 million and Adjusted EBITDA margin1 expanded to a record 29.0%
- Generated net cash from operating activities of €115 million and Free cash flow1 of €65 million
- Achieved a Customer Net Retention Rate1 of 114%
- Raised 2025 full year outlook to revenue of at least €1,290 million, or 17% growth, and Adjusted EBITDA of at least €290 million, or 30% growth
- Announced $100 million increase in share repurchase program, bringing total authorization to $300 million
Sportradar Group AG (NASDAQ: SRAD) (“Sportradar” or the “Company”), a leading global sports technology company focused on creating immersive experiences for sports fans and bettors, today announced financial results for its third quarter ended September 30, 2025.
Carsten Koerl, Chief Executive Officer of Sportradar, said: “We delivered another quarter of strong topline growth and increasing flow through, including record EBITDA margins and substantial cash flow generation. The results reflect our sustained operating performance and the durability of our growth strategy. Our continued momentum is driven by our premium content and product portfolio, and leading technology and AI, which is enabling us to consistently drive above market growth and deliver increasing value for our clients and partners. We are very pleased to augment that growth with the completion of the acquisition of IMG ARENA, further bolstering our competitive position, including our unmatched rights offering, industry leading product suite and the depth and breadth of our global relationships. The acquisition of IMG provides additional growth avenues and we are excited by the opportunity to drive meaningful additional value for our shareholders going forward.”
THIRD QUARTER AND YEAR TO DATE FINANCIAL RESULTS
Revenue
| Three-Month Period Ended September 30, |
Nine-Month Period Ended September 30, |
|||||||||||||||||
| in € thousands (unaudited) | 2025 | 2024 | Change | % | 2025 | 2024 | Change | % | ||||||||||
| Revenue by product | ||||||||||||||||||
| Betting & Gaming Content | 176,471 | 162,769 | 13,702 | 8 | % | 569,857 | 515,337 | 54,520 | 11 | % | ||||||||
| Managed Betting Services | 56,336 | 47,295 | 9,041 | 19 | % | 171,737 | 144,726 | 27,011 | 19 | % | ||||||||
| Betting Technology & Solutions | 232,807 | 210,064 | 22,743 | 11 | % | 741,594 | 660,063 | 81,531 | 12 | % | ||||||||
| Marketing & Media Services | 43,957 | 32,944 | 11,013 | 33 | % | 131,559 | 102,637 | 28,922 | 28 | % | ||||||||
| Sports Performance | 11,127 | 10,116 | 1,011 | 10 | % | 34,760 | 29,314 | 5,446 | 19 | % | ||||||||
| Integrity Services | 4,163 | 2,048 | 2,115 | 103 | % | 13,162 | 7,472 | 5,690 | 76 | % | ||||||||
| Sports Content, Technology & Services | 59,247 | 45,108 | 14,139 | 31 | % | 179,481 | 139,423 | 40,058 | 29 | % | ||||||||
| Total Revenue | 292,054 | 255,172 | 36,882 | 14 | % | 921,075 | 799,486 | 121,589 | 15 | % | ||||||||
| Revenue by geography | ||||||||||||||||||
| Rest of World | 225,452 | 200,296 | 25,156 | 13 | % | 680,405 | 611,493 | 68,912 | 11 | % | ||||||||
| United States | 66,602 | 54,876 | 11,726 | 21 | % | 240,670 | 187,993 | 52,677 | 28 | % | ||||||||
| Total Revenue | 292,054 | 255,172 | 921,075 | 799,486 | ||||||||||||||
________________________
1 Non-IFRS measure or Operating Metric. See the sections captioned “Non-IFRS Financial Measures and Operating Metric” and “IFRS to Non-IFRS reconciliations” for more details.
Revenue
Total revenue for the third quarter was €292 million, up €37 million, or 14% year-over-year, driven by 11% growth in Betting Technology & Solutions, and 31% growth in Sports Content, Technology & Services.
Betting Technology & Solutions revenues of €233 million were up 11% year-over-year primarily driven by an 8% increase in Betting & Gaming Content due to both existing and new customer uptake of our content and products, as well as strong U.S. market growth, partially offset by the impact of foreign currency movements. Managed Betting Services revenues of €56 million were up 19% driven by strong growth in Managed Trading Services due to increased turnover, higher trading margins and new customers.
Sports Content, Technology & Services revenues of €59 million increased 31% year-over-year primarily driven by 33% growth in Marketing & Media Services, due to increased spending from new and existing technology and media customers and contributions related to our expanded affiliate marketing capabilities. Integrity Services revenues more than doubled in the quarter driven by uptake of products and services from league partners and the addition of new customers, while Sports Performance revenues increased 10% largely due to higher pricing.
The Company generated strong revenue growth globally with the United States up 21% and Rest of World up 13%. As a percentage of total Company revenues, United States revenue represented 23% of total Company revenue in the third quarter as compared to 22% in the prior year quarter, due to continued market growth and customer uptake of our premium content and solutions.
Customer Net Retention Rate of 114% further demonstrates our ability to cross sell and up sell to our clients, as well as the continued market growth in the United States.
Profit for the period
Profit for the period was €22 million, a decrease of €15 million, compared to €37 million in the same quarter in 2024, as strong operating results were offset principally by a €22 million lower foreign currency gain in the quarter related to unrealized currency fluctuations mainly associated with U.S. dollar-denominated sports rights.
Adjusted EBITDA
Third quarter Adjusted EBITDA was €85 million, up €19 million, or 29% compared to €66 million in the same quarter in 2024. The increase was largely driven by the 14% revenue growth, primarily offset by increased sport rights costs related to the continued success of the ATP partnership deal and our renewed partnership with Major League Baseball, as well as by higher adjusted purchased services driven by growth in Marketing and Media Services revenue.
Business Highlights
- Entered into partnership with DAZN providing data and broadcast services across their global media platform, spanning more than 30 sports and 8 languages.
- Developed Performance View, a customized 4Sight product for NBC Universal for Peacock’s streamed NBA games, giving fans a new way to experience the action on the court by providing an on-screen layer of data and deep analytics.
- Renewed agreement with Spanish Football Federation to exclusively sell international media rights for the Spanish Super Cup until 2032, ensuring long-term control of global broadcast sales and continuity as the Real Federación Española de Fútbol’s trusted partner.
- Extended and expanded partnerships with Google and Yahoo, providing live game day sports statistics for Google and extending our relationship as a primary provider of sports data for both Yahoo Sports and Yahoo Fantasy.
- Introduced Bettor Sense, the Company’s proprietary, AI-powered responsible gaming solution, and launched with Underdog in the U.S. and BETesporte in Brazil.
- Awarded 2025 American Gambling Awards Data Service Provider of the Year, our second consecutive win, reaffirming leadership in delivering trusted data solutions to the U.S. sports betting market.
IMG ARENA Acquisition
On November 1, 2025, Sportradar completed its acquisition of IMG ARENA and its global sports betting rights portfolio. The closing of this transaction marks a milestone in Sportradar’s growth strategy, further strengthening and differentiating its position as a leading technology and content provider in the most bet upon global sports, including soccer, tennis and basketball.
Sportradar is not providing any financial consideration as part of the acquisition. Instead, the deal includes total financial consideration of $225 million comprised of approximately $122 million in cash prepayments by the seller to certain sports rightsholders and approximately $103 million to Sportradar. The payments to Sportradar, which are subject to customary purchase price adjustments, will be made over a two-year period. Given the unique transaction structure, the acquisition is expected to be accretive to Sportradar’s Adjusted EBITDA margins and free cash flow conversion, while accelerating the Company’s revenue, Adjusted EBITDA, and free cash flow growth.
The acquired portfolio encompasses strategic relationships with over 70 rightsholders, delivering approximately 38,000 official data events and 29,000 streaming events across 14 global sports on six continents. Sportradar sports coverage now totals more than one million matches annually. The acquisition enhances the Company’s content distribution and will further fuel product development. Sportradar expects to seamlessly integrate and monetize these rights across its highly scalable technology platform and client network.
Balance Sheet and Liquidity
The Company’s cash and cash equivalents were €360 million as of September 30, 2025, as compared with €348 million as of December 31, 2024. Net cash generated from operating activities for the nine-months ended September 30, 2025 of €315 million due to strong operating performance was partially offset by net cash used in investing activities of €166 million, primarily from payments related to sport rights licenses, and by net cash used in financing activities of €102 million. Financing activities included $65.5 million in share repurchases related to the April 2025 secondary offering and €15 million of payments related to the acquisition of the remaining non-controlling interest in a subsidiary. Free cash flow for the nine-months ended September 30, 2025 was €149 million, an increase of €28 million from €122 million in the same period in 2024.
Including an undrawn credit facility, the Company had total liquidity of €580 million as of September 30, 2025, as compared to €568 million as of December 31, 2024, and no debt outstanding.
2025 Full Year Financial Outlook
Sportradar is increasing its fiscal 2025 outlook as follows:
- Revenue of at least €1,290 million, representing year-on-year growth of at least 17%
- Adjusted EBITDA of at least €290 million, representing year-on-year growth of at least 30%
- Adjusted EBITDA margin expansion of approximately 240 basis points
- Free cash flow conversion1 rate still expected to be above the 2024 level of 53%
The 2025 guidance reflects the acquisition of IMG ARENA, which closed on November 1, 2025, as well as the anticipated impact of foreign currency fluctuations.
Share Repurchase Plan
In March 2024, the Board of Directors approved a $200 million share repurchase plan and in October 2025 the Board of Directors increased the authorized share repurchase plan to a total of $300 million. As of September 30, 2025 the Company has repurchased 4.8 million shares under the plan for a total of $85.8 million, including $65.5 million in 2025.
Conference Call and Webcast Information
Sportradar will host a conference call to discuss the third quarter results today, November 5, 2025 at 8:30 a.m. Eastern Time. Those wishing to participate via webcast should access the earnings call through Sportradar’s Investor Relations website. An archived webcast with the accompanying slides will be available at the Company’s Investor Relations website for one year after the conclusion of the live event.
The post Sportradar Reports Third Quarter Financial Results, Raises Full Year 2025 Outlook and Announces Increase in Share Repurchase Program to $300 Million appeared first on European Gaming Industry News.
Reading Time: 2 minutes
Romanian lawmakers have introduced new legislative proposals aimed at tightening gambling access and advertising rules, particularly to protect young people. The bills, submitted by MPs Raluca Turcan (PNL) and Diana Stoica (USR), would raise the minimum legal gambling age from 18 to 21 and restrict online gambling advertising between 06:00 and 24:00.
Under the proposals, individuals under the age of 21 would be prohibited from participating in gambling activities, while gambling ads would be banned across online platforms during daytime hours. The legislation also seeks to outlaw the use of influencers, athletes and public figures in gambling promotions.
Protecting young audiences
“We have an obligation to protect our children from the threat of gambling,” said USR deputy Diana Stoica, citing studies showing early exposure to slot machines and online betting among Romanian minors. According to Stoica, brain development, particularly in areas linked to impulse control and decision-making, continues until around the age of 21, making younger individuals more vulnerable to gambling addiction.
“One in four adolescents has played on these so-called ‘machines of death’ before turning 18,” she added, arguing that the legislation is a necessary step to reduce risks.
Aligning with European trends
PNL deputy Raluca Turcan called the proposed age increase a “simple change with deep effects,” noting that countries including Portugal, Greece and Moldova have adopted similar measures. She highlighted that individuals aged 18 to 21 often face increased financial pressure and impulsivity as they enter adulthood, making them a key target group for gambling marketing.
“By raising the age threshold, we protect young people during a vulnerable stage,” Turcan stated, referencing international examples where similar policies reportedly reduced early-age indebtedness and problem gambling cases.
Tighter ad rules and warning messages
The draft legislation further proposes:
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A complete ban on online gambling advertising between 06:00 and 24:00
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A ban on influencer and public-figure participation in gambling promotions
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Mandatory visible harm-prevention warnings across digital and physical gambling environments, modeled after tobacco and alcohol regulation
The measures would amend Romania’s existing legal framework under Emergency Ordinance 77/2009.
What comes next
The bills will now proceed through the legislative process, including debate and committee review. If adopted, the changes would introduce some of the most restrictive gambling-advertising and access rules in the region.
The initiatives reflect an ongoing trend across Europe, where regulators are increasing focus on consumer protection, youth safeguards, and advertising limitations in the gambling sector.
The post Romania Proposes Raising Gambling Age to 21 and Restricting Online Advertising appeared first on European Gaming Industry News.
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