Indonesia tells X to take down gambling ads 

In the first quarter of 2024, theof 0.4 percent, amounting to a total of £307.7 million. This slight growth was facilitated by a 2.7 percent rise in the number of active customers during the quarter, reaching 1.7 million.

The company’s B2C gross winnings revenue (GWR) constituted £297.6 million of the total revenue, marking a 0.1 percent increase. Simultaneously, the company’s underlying EBITDA saw a significant improvement, increasing by 20 percent to £59.3 million.

A noteworthy 84 percent of the GWR was generated from locally regulated markets during the quarter, setting a new record for the company. The CEO, Nils Andén, highlighted this achievement.

Breaking down the total GWR, 64 percent (£191.5 million) originated from Western Europe, marking a 9.9 percent year-on-year increase. The Nordics contributed 22 percent (£65.2 million) to the total GWR, despite a 14.9 percent reduction compared to Q1 2023. Central, Eastern, and Southern Europe accounted for 10 percent (£29.8 million) of the remaining GWR, experiencing a year-on-year drop of 7.7 percent. The final 4 percent (£11.1 million) came from other regions, which saw a decrease of 21.8 percent.

In terms of revenue by vertical, online casino and games led the way, accounting for 56 percent of the revenue. Sports betting followed, generating 39 percent of the GWR. Poker and other products contributed 3 percent and 2 percent to the total, respectively.

The business declared a profit after tax of £31.4 million, marking a substantial 22.7 percent increase from Q1 2023.

CEO Andén commented on the company’s solid start to 2024, with business operations performing well and operational initiatives progressing as planned. He mentioned the headcount reduction plans announced at the end of the previous year were progressing as intended, and the North America exit is set to conclude towards the end of the second quarter this year.

The growth plan launched during the fourth quarter of the previous year, focusing on Europe and Australia, continues at pace with dedicated strategic growth projects across locally regulated markets. Andén also expressed excitement for the upcoming summer of sports, including the UEFA Euros, the Copa America, and the Paris Olympics.

Looking beyond the end of the quarter, the business provided a trading update up to and including 21 April. The average daily gross winnings revenue for the group was £3.5 million during the period, 6 percent ahead of the daily average in Q2 2023. Excluding North America, gross winnings revenue was up 8 percent year-on-year.

The operator’s sports betting margin after free bets for the period was 11.3 percent, in line with Q2 2023 but ahead of the group’s long-term average of 9.8 percent.

The company continues to The deal was approved by the Swedish Financial Market Supervisory Authority in February, but still requires several regulatory approvals before going ahead, as well as amendments to Kindred’s articles of association.

The sports betting compliance industry has experienced some M&A activity, with US Integrity and Odds On Compliance merging to form a new entity known as Integrity Compliance 360 (IC360). The merger was announced by sports tech venture capital fund, SeventySix Capital, earlier this week. By combining its resources and expertise, IC360 will enhance its offer with a comprehensive suite of services.

IC360 will offer a combination of integrity monitoring services, compliance advising, and products to serve clients from both companies. This includes t and international clients in Europe and Brazil. One of the services offered by IC360 recently flagged illicit betting activity With its broader client base IC360 is on its way to becoming a leading player in the industry.

Despite the merger, it will be business as usual for clients of US Integrity and Odds On Compliance. The original products of each firm will continue without interruption, now unified under the IC360 brand. This includes the Integrity Monitoring dashboard, PlayBook AI, and ProhiBet.

How are things going to change with this merger? For example, the collaboration on ProhiBet, a tool that monitors sports betting compliance for athletes and team personnel, is most definitely a sign of more innovative solutions to come that will shape the industry standards, particularly around transparency, accountability and ethical standards.

The merger of US Integrity and Odds On Compliance was initially announced last October, following the collaboration on ProhiBet, a tool that monitors sports betting compliance for athletes and other team personnel.

IC360 aims to be a one-stop shop of regulatory technology solutions and compliance expertise for the rapidly evolving sports betting and gaming industry. Wayne Kimmel, the managing partner of SeventySix Capital, stated that the merger is a significant event in the evolution of the sports, media, and entertainment asset class. He explained that IC360’s commitment to ensuring transparency, accountability, and ethical practices across the global sports betting and gaming industry, which is worth hundreds of billions of dollars,

The leadership of IC360 will comprise former executives from US Integrity and Odds On Compliance. Matt Holt, (photo above on left), the former CEO of US Integrity, will lead IC360 as CEO, while Eric Frank, (photo above on right) the former CEO of Odds On Compliance, will serve as President. Scott Sadin, (photo above centre), who previously served as COO of US Integrity, will take over as COO of IC360. Kimmel, the original investor in both companies, will serve on IC360’s board of directors.

's state-owned horse race betting operator, Norsk Rikstoto, reported a 4 percent decrease in gross gaming revenue (GGR) for the year 2023. Despite this decline, the operator managed to contribute NOK516 million (€44.0 million) to Norwegian equestrian sport.  

Turnover from racing products experienced a similar 4 percent decrease, amounting to NOK3.14 billion (€268.8 million). Notably, NOK1.75 billion (€149.8 million) was generated from betting on foreign horse races, highlighting the diverse nature of Norsk Rikstoto's offerings.  

After paying out NOK2.19 billion (187.5 million) in winnings to players, Norsk Rikstoto's GGR stood at NOK952.2 million (€81.5 million), reflecting the overall decline compared to the previous year. Despite this, the operator's net operating income surpassed NOK1.0 billion (€85.6 million), albeit still down by 4 percent year-on-year.  

Norsk Rikstoto emphasized its commitment to responsible gambling and operational efficiency under 's new gambling law. The operator reduced total operating expenses by 6 percent, focusing on cost optimization while maintaining a solid foundation for its operations.  

Despite the revenue decline, Norsk Rikstoto continued its significant contributions to equestrian sport in Norway. The operator paid NOK515.8 million (€44.1 million) to good causes in the sector, reaffirming its commitment to supporting the community and creating positive societal impact.  

In a Gaming Intelligence report, Norsk Rikstoto's managing director, Camilla Garmann, was quoted highlighting the importance of equestrian sport in Norwegian society, emphasizing its role in inclusion, health, and job creation. The operator remains dedicated to supporting equestrian activities and distributing profits to various stakeholders within the industry.  

While facing a revenue decline in 2023, Norsk Rikstoto maintains its focus on responsible gambling, operational efficiency, and supporting Norwegian equestrian sport. Despite challenges, the operator continues to play a vital role in contributing to the welfare of the community and promoting the sport of horse racing in the country.  

Upcoming SiGMA event: SiGMA Asia 2024, 3 – 5 June. Find all the details .

SiGMA Americas flawlessly combined luxury with generosity at a fundraising art auction held at the Um Rooftop São Paulo, Brazil. The auction, which took place during SiGMA’s Americas Awards 2024 evening, raised over €14,000 for the SiGMA Foundation’s 2024 global charity projects.

The evening not only honoured industry accomplishments but also demonstrated the power of unity in supporting meaningful initiatives, leaving a lasting impression of compassion and community spirit.

The event received generous support from, a unique iGaming software studio that provides high-quality games to players all over the world and featured a diverse collection of donated artworks from renowned international artists. The enthusiastic crowd engaged in spirited bidding wars, led by the energetic Rick Goddard.

The first artwork to go under the hammer was a painting, measuring 70x70cm, created using acrylic ink on paper. Peter Seychell's piece "Last One Standing" is a captivating abstract painting that blends deep black and vibrant orange hues. The dynamic composition features powerful, jagged brush strokes and soft, billowing washes of acrylic ink, taking viewers on a uniquely emotional and evocative journey.

The second piece to be auctioned off was Edgar Mifsud's artwork 'Mona’s Smile'. The piece draws its inspiration from a recent protest attack on the iconic painting by Leonardo da Vinci, the Mona Lisa. The piece prompts a dialogue on the interplay between historical artworks and modern-day activism, challenging the audience to reflect on the enduring influence of classical art amidst the evolving landscape of contemporary artistic expression.

Next up was The Golden Carnival painting by Derek Mason. The artwork is an oil painting that captures the spirit of Brazil's vibrant carnival. The painting features a woman adorned with a dazzling gold-coloured headdress, which symbolizes the extravagance and beauty of the celebration. The headdress is made of oil paints, gold leaf, and liquid gold, highlighting the wealth of this tradition. The size of the painting is 80x100cm, and it is bidding price started at €500.

The second piece to be won by Focus Gaming News was "Spanish Dancer" by Tommy Zegan. The painting is a vibrant and expressive portrayal of the traditional Flamenco dance. The artwork captures the essence of this highly-expressive Spanish dance form, characterized by hand clapping, percussive footwork, and intricate hand, arm, and body movements. The use of colour, texture, and composition brings to life the energy and emotion of the dance, making it a captivating and visually stunning piece of art.

The final piece was "Cherries", an art piece by Angela Nikolau. It features two three-dimensional cubes with images of red hearts, reminiscent of the hearts suit in a classic deck of playing cards. The artwork also incorporates elements of dice, highlighting the connection to gambling. The silver sheen of the background embodies the glow of victory. The medium used for this piece includes canvas, rhinestones, and oil paints, with a size of 100x100cm.

The SiGMA Foundation was founded in 2019 and is the philanthropic arm of SiGMA Group with a mission to empower underserved individuals and communities around the world through fundraising activities, charity work, education programmes, and skills training. Find out more .

“The SiGMA Foundation provides anyone wanting to get involved with a voice to strive for the voiceless.”

- Keith Marshall, Chief Philanthropy Officer at the SiGMA Foundation.