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236 suspicious betting alerts reported by IBIA in 2021
The International Betting Integrity Association (IBIA) reported 236 cases of suspicious betting to the relevant authorities during 2021, with 69 alerts in the fourth quarter (Q4). The annual figure is a 13% reduction on the 270 cases reported in 2020. The 2021 figure is consistent with recent years, with the average number of annual alerts at 240 during 2018-20. The 2021 alerts spanned 13 sports and 49 different countries, with tennis and football continuing to dominate. Europe also continued to provide the highest number of alerts with 50% of the annual total.
Khalid Ali, CEO of IBIA, said: “Another challenging year for the sector has passed with the spectre of Covid and its impact on sporting events declining, and hopefully a potential endgame in sight. It is therefore welcomed that the alerts for 2021 showed a downward trend and a return to pre-Covid numbers. Challenges however persist, notably with the growth of private sports events and establishing integrity protocols to the levels seen in traditional sports bodies. The association is working with a number of stakeholders in this area to improve integrity provisions.
“Indeed, the dangers of betting corruption remain, and as the Optimum Betting Market report published last year highlighted, that equates to around $25m per annum in lost revenue for the regulated betting sector globally. It is therefore welcome that the requirement for operators to be part of an integrity monitoring system have gathered pace across the US, and have been endorsed in Sweden, to add to existing requirements in the Netherlands, Germany and the Czech Republic. The approach in Ontario is particularly worthy of attention and is a best practice model. The association looks forward to working with a wider range of operators on integrity as a result.”
Other key data for 2021:
- 80 – Total tennis alerts, a decrease of 18% on the 98 reported in 2020
- 66 – Football alerts, an increase of 8% on 2021 and the highest annual number reported
- 27 – Alerts on sporting events in Russia, the highest number for a single country in 2021
- 11 – Successful sporting or criminal sanctions during 2021 from IBIA alerts
- 10 – Alerts reported in North America, a 54% decrease on the 22 reported in 2020
- Over the five-year period 2017-21, IBIA reported 1,222 alerts across 19 sports and 101 countries.
The International Betting Integrity Association is the leading global voice on integrity for the licensed betting industry. It is run by operators for operators, protecting its members from corruption through collective action. Its monitoring and alert platform is a highly effective anti-corruption tool that detects and reports suspicious activity on its members’ betting markets. The association has longstanding information sharing partnerships with leading sports and gambling regulators to utilise its data and prosecute corruption. It represents the sector at high-level policy discussion forums such as the IOC, UN, Council of Europe and European Commission.
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Tundra Esports Announces New Official Supplier Partnership with Gladiator PC
Tundra Esports, The International 11 Champions and a leading competitive esports team playing in Dota 2, proudly announces a game-changing collaboration with Gladiator PC, a pioneer in high-performance gaming technology as their Official Supplier.
The post Tundra Esports Announces New Official Supplier Partnership with Gladiator PC appeared first on European Gaming Industry News.
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Genius Sports Reports First Quarter Results Above Expectations and Raises 2024 Group Revenue and Adj. EBITDA Guidance
Q1 Earnings 2024 Carousel 8th May
- Group Revenue of $120m, exceeding first quarter guidance of $117m
- Group Net Loss of ($26m) and Group Adj. EBITDA of $7m, exceeding guidance of $6m
- Raised 2024 Group Revenue and Adj. EBITDA guidance to $500m and $82m, respectively, up from prior guidance of $480m and $75m
- Reaffirming expectation to generate positive cash flow in 2024
- Increased financial flexibility by entering into $90 million committed revolving credit facility with Citibank and Deutsche Bank
Genius Sports Limited, the official data, technology and broadcast partner that powers the global ecosystem connecting sports, betting and media, today announced financial results for its fiscal first quarter ended March 31, 2024.
“Following a strong year of execution in 2023, we are pleased to continue our momentum to start the new year, with the first quarter of 2024 marking another period of outperformance relative to expectations,” said Mark Locke, Genius Sports Co-Founder and CEO. “As we expand our technology footprint and work to extend one of our most important data partnerships with Football DataCo, we feel an enhanced sense of excitement and confidence in our outlook for 2024 and beyond.”
$ in thousands | Q124 | Q123 | % |
Group Revenue | 119,718 | 97,229 | 23.1% |
Betting Technology, Content & Services | 73,897 | 64,740 | 14.1% |
Media Technology, Content & Services | 35,475 | 21,764 | 63.0% |
Sports Technology & Services | 10,346 | 10,725 | (3.5%) |
Group Net loss | (25,541) | (25,168) | (1.5%) |
Group Adjusted EBITDA | 6,878 | 8,042 | (14.5%) |
Group Adjusted EBITDA Margin | 5.7% | 8.3% | (260 bps) |
View the full press release here.
The post Genius Sports Reports First Quarter Results Above Expectations and Raises 2024 Group Revenue and Adj. EBITDA Guidance appeared first on European Gaming Industry News.
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Gaming Americas Weekly Roundup – May 6-12
Welcome to our weekly roundup of American gambling news again! Here, we are going through the weekly highlights of the American gambling industry which include the latest news and new partnerships. Read on and get updated.
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Texas Lottery players are bracing for a chance to have an instant hit when they play four new scratch ticket games that launched on May 6. The HIT family of games, ranging in price from $1 to $20, features more than $220 million in total combined cash prizes with top prizes ranging from $5000 to $1 million. In addition, the HIT family is paired with the Sedona Day of Luck Promotion, offering players with non-winning tickets a chance to win a luxurious trip to Sedona, Arizona.
International Game Technology announced that its subsidiary, IGT Global Solutions Corporation, has signed a five-year contract with the Atlantic Lottery Corporation (Atlantic Lottery), to implement high-performing features and exciting new games for players in Atlantic Canada. As part of the agreement, IGT will deploy its advanced cloud-based remote game server (RGS) and at least 16 digital instant games each year.
Bragg Gaming Group announced that Neill Whyte has been appointed as Chief Commercial Officer, effective 1st May 2024, establishing a new global commercial structure at the Company and bolstering its leadership team. Whyte brings over 18 years of experience in the iGaming sector, most recently in the role of Chief Commercial Officer at Digital Gaming Corporation’s B2B iGaming Division.
In an exciting development for sweepstakes operators across the US, CasinoWebScripts has announced a significant milestone: the release of more than 200 in-house developed sweepstakes casino games. This achievement highlights the company’s commitment to innovation and its dedication to providing high-quality, engaging gaming experiences without the burden of monthly revenue sharing.
Partnerships
SCCG Management announced a strategic partnership with Globe Gaming Limited, aiming to significantly extend its global reach with a focus on the European market. This collaboration marks a significant milestone in SCCG’s efforts to broaden its influence in the gaming and sports entertainment sectors internationally.
NBC Sports will continue to present the Kentucky Derby on NBC and Peacock through 2032, as Churchill Downs Incorporated (CDI) and NBC Sports announced a multi-year extension of their partnership. The extension of the NBC Sports-Churchill Downs relationship – which began with the 2001 “Run for the Roses” – will make NBC the longest running home of the Kentucky Derby, as NBCUniversal will become the first media company to present the most prestigious event in horse racing for three decades (32 editions of the Kentucky Derby from 2001-32).
WinnaVegas Casino Resort, a premier destination in Western Iowa, announced the extension of its partnership with Quick Custom Intelligence (QCI), a leading provider of advanced analytics solutions for the gaming industry. This renewal underscores WinnaVegas’ commitment to leveraging cutting-edge technology and superior support to drive business success.
The PGA of America and PENN Entertainment announced a multiyear sports betting partnership. Under the agreement, ESPN BET becomes the “Official Sports Betting Sponsor” of the PGA Championship through 2026. The 2024 PGA Championship will take place at Valhalla Golf Club in Louisville, Kentucky from May 16-19. This agreement marks a milestone for the PGA Championship as it becomes the first men’s golf major to establish an official sports betting sponsor.
The post Gaming Americas Weekly Roundup – May 6-12 appeared first on European Gaming Industry News.
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