iGaming Operators News
SPORTS BETTING OPERATORS
- Rivalry published deceiving Q1 2024 (compared to Q1 2023), down by 16.7%
- FanDuel about to get 48% of the market share in the US legal states, according to JMP’s research
- Draftkings leads NY mobile betting in may, overtaking FanDuel, after a rise of 72% (up to 812,3$M handle)
CASINOS OPERATORS
- Relax Gaming entered its second US state with the launch of its casino content in Pennsylvania with BetMGM.
LOTTERY, BINGO & SLOTS
Suppliers News
- Intralot revenues declined by 5% to 85,1M€ for Q1 2024. The B2C revenues fell by 43% YoY, driven by lower revenue in Argentina following the Peso devaluation.
iGaming Affiliates News
Company Results
- Catena Media projects Q2 revenues declining due to Google Updates. They’re projecting between 12.5 and 13.5M€ in revenues, (-20% YoY) and adjusted ebitda to be between 0.5M€ and 1.5M€. They reiterated its forecast of a return of revenue growth in second half of the year.
General News
- iGaming Express released an articles on mistakes that are killing affiliates :
- this is mainly due to management; either lack of knowledge, implying high turnover of employees.
- GiG Media rebrands as Gentoo Media following its will to split gaming and content activities.
- IGB Affiliates published its **June Affiliate Monitor.** This edition tackles the lattest SEO Moves due to Google updates but also the market consolidation.
- Even if mainstream medias deals impact are reduced, it’s time to diversify with influencers for instance.
- A focus on BC performance in Greece, thanks to Betarades and its multichannel approach (Youtube & Tiktok)
- On GDC M&A strategy: “Prioritising M&A from the perspectif of businesses which have highly predictable revenue is a priority”
- GiG M&A: “more M&A deals would be very interesting”.
- Catena : “We can not rely on state launches to be the only driver of our growth in the upcoming quarters”
Interviews
Market Moves
NEWS FEED
- A recent study unveiled … 860 illegal operators are aiming the US and they’re helped by 638 affiliates.
- Portugal posts record online gambling revenue in Q1, with 260,9M€ and now counts more than 1,1M players.
- NextIo tackles the B2B market and trends. For most of the providers, the “US are losing its appeal”. For some, it’s already too late to aim Brazil … Concerning Africa, EveryMatrix explains that the internet speed is probably the main limit now, on top of the betting amount, that is quite smaller than others markets (such as the US)
- Spanish online gambling rose to a quarterly record of 350,7M€, helped by online sports betting increased by 15% (up to 150,3M€). Casino also knew an increase of 17% (up to 167,76M€)
- G&M news published an article about the opportunity for sportsbooks in Copa America. Taking place in 14 stadiums across the US, the event will benefit of the recent states launch in sports betting.
- IGB Affiliates published a focus on Japan SEO opportunities (might get our RoW BU interest !) . The Japanese market is lucrative and looks promising with the adaptation of traditional forms of gambling to online. Nowadays, it’s not explicitly legal for Japanese companies to run online casinos or online betting on horse races, bicycle races, motorcycle races and motorboat races. It’s important to notice that japanese player are expecting to find content in their native language.
M&A Moves
- OLGB’s brand will appear on the matchday and training kit of the Lion Gribraltar FC under a new multi-year partnership.
- Adventure Box Technologies is entering the real money iGaming Sector after agreeing a deal to acquire the service provider Lion Gaming Group for approx 41.9M€
- GIG signed a deal to acquire Titan, the holding company of Atlas SEO, a supplier of SEO and content services. They aim to reduce by up to 50% their SEO and content costs. Acquisition was set at 3.2M€, and the deal is expected to close in July.
SEO/SEA/PPC
- Casinoreports published an article on the lattest SEO update impacting the affiliation industry, and mainly on its impact on GDC, Catena and BC:
- GDC : they’re anticipating -8% in revenues and -7% in Ebitda
- BC: They said it boosted their flagship, but it was “too early to assess the update impact”
- The article also disclose that most of the main stream media deals are 50/50 revenues split at the begining, and some medias re-negociated 30/70.
- IGB Affiliate released its search marketing roundup for June.
- AI’s use still increasing in the affiliate landscape and even for PPC campaigns, to get new recommendations.
- Emergence of new social platforms such as Threads from Instagram, in order to increase our reach.
Regulatory Updates
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Canada
Alberta will become the second canadian jurisdiction to regulate online gambling. They will ape Ontario’s iGaming market as a model. Concerning the roadmap, it looks like 2025 is realistic. Alberta hosts 4.1 millions inhabitants in what looks like heaven for mountains and lake lovers.
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Netherlands
KSA implemented a top-up limit of 300€ per month for players aged 18-24yo and 700€ for players overs 24yo.