DraftKings reported higher revenue and a second consecutive quarter of net profit during Q1 2026 as the company improves profitability across its operations. Revenue for the three months ending 31 March reached $1.65 billion, representing a 16.8% increase year-on-year. Adjusted EBITDA also rose 63.7% to $167.9 million. The company achieved this growth despite a 4.2% […]
iGaming Business News
Latest iGaming business news covering company strategies, investments, mergers and acquisitions, and key market insights from the global gambling industry.
Genius Sports raised its full-year 2026 guidance after reporting a 30.5% increase in revenue during Q1. For the three months before 31 March, revenue reached $188 million compared to $144 million from last year. Adjusted EBITDA also increased 21.3% year-on-year to $41.7 million. The company said growth was driven by expansion across its betting technology […]
Light & Wonder reported higher revenue and stronger adjusted free cash flow during Q1 2026. However, net income declined because of legal reserve contingencies and settlements. Revenue for the quarter ending 31 March increased 2% year-on-year to $790 million from $774 million. However, net income fell 37% to $52 million, or $0.66 per diluted share, […]
Key Points Kambi entered into a multi-province deal with ALC and BCLC to provide a joint PROLINE sports book for seven provinces in Canada using both online and retail sales outlets. With this deal, Kambi is now well-positioned to reach nine of Canada’s ten provinces as the regulated betting market expands, following its existing deal […]
Key Points There is an enormous growth in dubious online betting in the United Kingdom growing from £5 billion in 2019 to £16.6 billion in 2025, which means a significant growth of £11.6 billion. While this is happening, the revenue generated by the operators has more than doubled, from the amount made in 2023 to […]
Key Points Following a six-month evaluation process of Ryan Comstock’s tenure as acting CEO of the firm, Ainsworth officially confirmed him as CEO following the resignation of former CEO Harald Neumann in October 2025. The leader confirmation announcement is made during a dispute between two parties: the son of the firm’s founder Len Ainsworth and […]
Swisscasinos.ch, the online brand of Swiss Casinos, has partnered with Yggdrasil Gaming to expand its lobby with the supplier’s renowned titles. The integration was completed through Playtech, giving Swiss players access to games like Valley of the Gods, Vikings Go Berzerk, and Raptor. Additional titles should be introduced in the coming months. Yggdrasil entered the […]
Casey Hurbis has announced his decision to step down as chief marketing officer of BetMGM after 18 months. He joined BetMGM in December 2024 to lead the company’s marketing operations. In a statement shared on LinkedIn, Hurbis confirmed his departure but did not disclose the exact date he would officially leave. Before joining BetMGM, he […]
DATA.BET Expands Tennis Coverage With Infront Deal
May 11, 2026DATA.BET has expanded its tennis products after integrating official sports data through a collaboration with Infront. This agreement forms part of the operator’s product development strategy as it improves coverage across major sports disciplines like tennis. The integration is powered by official sports data sourced from verified and transparent channels. Through the partnership, DATA.BET clients […]
Key Points With €7.0 million net profit in Q1 2026, Codere Online ended its loss streak and achieved an all-time high of €64.4 million net gambling income after previously losing €0.7 million. Spain and Mexico led the increase in revenue, players, and engagement, especially in Mexico in preparation for the 2026 FIFA World Cup. It […]
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