..

Gambling and Sports Betting News February 28, 2020: Gambling.com Group Hit With Regulatory Headwinds, Google Algorithm Change

Written by:
C Costigan
Published on:
Feb/28/2020

Here are today's headlines in the world of gambling and sports betting as they happen - Friday February 28, 2020.


*6 weeks free trial - test drive - best in the biz
*Deposit with Bitcoin - They'll double it!
*Get your own domain, customized website, logo
*Switch in under an hour, earn mrore $$ for doing so
*Odds featured on DonBest.com
*Thousands of betting options daily + live in-play
*Easy and discreet payment options include gift cards
*Walmart gift cards also accepted
Start Earning Money From Your Sheet Here

Gambling.com Group Hit With Regulatory Headwinds

TheGambling.com Group suffered a 30% 4th quarter revenue drop driven by regulatory changes and updates to Google’s search algorithm in Sweden and the United Kingdom.

Fourth quarter revenue fell to €3.44m, down from €4.94m in the same period last year.  The affiliate company’s UK and Swedish activity declined by 12% for full-year 2019. Q4 adjusted EBITDA dropped by 32%.

One bright spot, the US market.

From iGamingBusiness:

While not giving specific figures, Gambling.com Group said the US market grew at the fastest rate of any of its markets during the fourth quarter. It is currently authorised to do business in New Jersey, Pennsylvania, West Virginia and Indiana.

Gambling.com Group reported an operating profit of €2.4m, which was down 46.5% year-on-year.  Adjusted EBITDA (excluding non-recurring costs) for the full year totalled €3.6m, a decrease of 39.1% compared to the previous year resulting in an adjusted EBITDA margin of 21%.

Total operating expenses for 2019 amounted to €14.9m, up 25.3%. The group significantly scaled its operational resources at the beginning of 2019 as it invested in product and software development and content creation with a heavy focus on products for the regulated US markets, but also further market expansion outside the UK and US markets, and particularly within the sports vertical.

Charles Gillespie, Gambling.com Group’s chief executive, said that search results have begun to recover.

He added: “2019 was a year of investments in our foundations, in particular the technology stack to deliver our websites. While these investments are critical to our long-term growth prospects, the short-term impact has been a diversion of resources away from everyday improvements of the group’s websites. The largest of these projects, a new Groupwide Content Management System, will go live at the end of February.

“With our new tools in place and more resources working on our consumer facing products, we are confident we will be able to return our search performance to best in class across the markets where we operate.”

February 27, 2020

February 26, 2020

February 25, 2020

February 24, 2020

February 23, 2020

February 22, 2020

February 21, 2020

February 20, 2020

February 19, 2020

February 18, 2020

February 17, 2020

February 16, 2020

February 15, 2020

February 14, 2020

February 13, 2020

February 12, 2020

February 11, 2020

February 10, 2020

February 9, 2020

February 8, 2020

February 7, 2020

February 6, 2020

February 5, 2020

February 4, 2020

February 3, 2020

February 2, 2020

February 1, 2020

January 2020

December 2019

November 2019

October 2019

September 2019

August 2019

- Aaron Goldstein, Gambling911.com

Gambling News

What is The Spread on the Houston vs. Cincinnati AAC Championship Game December 4, 2021

What is The Spread on the Houston vs. Cincinnati AAC Championship Game December 4, 2021

Gambling911.com had an early line on the 2021 AAC Championship game between Houston and Cincinnati. We had this one at Bearcats -11.5.

What is The Spread on the Georgia Alabama SEC Championship Game December 3, 2021

What is The Spread on the Georgia Alabama SEC Championship Game December 4, 2021

Gambling911.com had an early line on the 2021 SEC Championship game between Georgia and Alabama. We have this one at UGA -5 but there is technically not a home field advantage.  Plenty of UGA and Bama fans will be on hand.  As such our line was set at Georgia -3.5.

Judge Denies Seminole Tribe’s Stay on Gambling Expansion

Judge Denies Seminole Tribe’s Stay on Gambling Expansion

A federal district judge rejected a stay requested by the Seminole Tribe of Florida late Wednesday after an earlier ruling blocked the tribe’s deal with the state to expand gambling and online sports betting statewide.

Where Can I Bet College Football Games Online From Michigan?

Where Can I Bet College Football Games Online From Michigan?

Michigan allows companies to operate in-state both sports betting and online casinos. 

Syndicate