iGaming Analysis & Insights

Key Points During the week ending May 18, Kalshi controlled 70.8% of total prediction market activity. The platform handled $3.99 billion in notional trades, while Polymarket slid 15% from the previous week to $1.65 billion, pushing the gap between both firms much wider. Sports trading, alongside Kalshi’s fast-growing “Exotics” contracts built around combo-style wagers, powered […]

Gentoo Media recorded Q1 2026 revenue of €24.0m, down from €25.4m a year earlier and €25.6m in the previous quarter. The company attributed the decline largely to adverse sports win margins in February. Despite the drop in revenue, overall commercial activity remained stable. Player deposit volumes exceeded €200m for a second consecutive quarter, indicating continued […]

CIRSA achieved one of its strongest quarterly performances in recent years during Q1 2026, supported by retail strength, online expansion and lower financing costs. Net operating revenue reached €623m, up 8% year-on-year, or 9.5% excluding currency effects. EBITDA rose to €193.9m, marking an 8.5% increase, while margins held at 31.1%. The company also extended its […]

Key Points Bally’s Intralot posted Q1 2026 revenue of €268.1m, marking a 180.5% rise from last year, while adjusted EBITDA climbed 231.8% to €100.2m after the Bally’s International Interactive deal expanded its online gaming business. Even with that growth, older operations faced pressure from falling B2B performance, weaker US lottery demand, foreign exchange issues, and […]

Better Collective reported a return to net profit during the first quarter of 2026, supported by stronger performance in North America and continued revenue growth across several business segments. Revenue for the three months ending 31 March reached €86.3m, representing a 5% increase year-on-year. EBITDA before special items rose by 14%, while the group also […]

Key Point The annual activity level in the country’s online gambling sector is now estimated at NZ$1.36 billion, equalling approximately US$750-$758 million, thanks to a consistent increase in the levels of expenditure. Monthly numbers have remained above NZ$100 million since March 2024, while the number of users increased to around 360,000 participants as of September […]

Playtech said trading during the first four months of 2026 exceeded expectations, supported by strong performance in the Americas. The company described the period from 1 January to 20 April as “very strong,” although it did not disclose financial figures. The Americas primarily drove growth, with the US and Mexico highlighted as key markets. Playtech […]

Banijay Group reported impressive Q1 2026 results, with overall revenue rising 9% to €1.15bn. Growth was led by its gaming and sports betting division, which recorded a 17.3% increase in revenue. The division generated €433.1m during the quarter, supported by a 20% rise in unique active players across its platforms. These results reflect demand for […]

Key Points Kenneth Dart raised his control of Flutter Entertainment to 27.6%, cementing his place as the company’s largest private shareholder through a mix of direct share ownership and equity-based swaps. Flutter’s shares have dropped sharply, despite the company holding major brands such as FanDuel, Paddy Power, Betfair and Sky Bet, with investors worried about […]

Evoke has agreed to extend the deadline for Bally’s Intralot to decide on its formal takeover bid, keeping negotiations active between both parties. The two companies first confirmed discussions on 20 April 2026, proposing a potential offer of 50p per share for all of Evoke’s issued capital. The latest extension was announced just minutes before […]