Gambling News’ Post

Mobile Streams (MOS) has seen a significant rise in its share price recently, and several factors are contributing to this upward trend. The company has gained strong momentum, particularly in its digital and gaming sectors. Notable developments include the expansion of its Mexican casino and sportsbook business, where over 5,000 games have been launched on the platform. Additionally, strategic partnerships, such as the one with Club America for NFT membership cards, have likely bolstered investor confidence. In just the past 24 hours, MOS shares have surged by 16.19%, capping a remarkable 51.36% increase over the last week. This could be attributed to not only these recent business developments but also an improvement in the company’s financial performance, with narrowing losses reported earlier this year. As Mobile Streams continues to grow and expand its digital content offerings, particularly in lucrative markets like Mexico, investors seem to be optimistic about the company's future. Exciting times ahead! 🚀

The effectiveness of our Flutter International strategy to buy and build podium positions was evident in Flutter Entertainment Plc’s FY23 performance.    The earnings announcement today shows that our continued focus on targeted investment in key “Consolidate and Invest” markets is working as we grew Average Monthly Players by 31% and revenue by 37% across International markets.     Sisal is now the #1 online brand across the combined sports, iGaming and lottery market in Italy, and helped deliver +10% of pro forma revenue growth.     In 2023, we also extended our market leadership in Georgia and Armenia with adjarabet.com | aPeople continued to leverage local partnerships delivering strong growth in Brazil with Betfair International; outperformed in Spain with a refreshed product for PokerStars and drove strong online adoption in Turkey with Sisal Sans  where we grew >100%   As we make progress in 2024, we’re focused on integrating MaxBet a local hero brand in Serbia that joined the Group in January, and we’re in an exceptional position for continued expansion in India through Junglee Games  where we are building building the biggest rummy brand in the market.   A big thank you to the real drivers of our sustainable growth – our people!     Reads more here: https://bit.ly/4aqzDuI   #FlutterResults

Flutter Entertainment has received an upgrade from JP Morgan which is taking a more positive stance on the Betfair and Paddy Power owner than previously on its prospects in the US. FanDuel is Flutter’s big brand in the US and JP Morgan has raised forecasts for revenue and profit growth at the business into double-digits from 2026 onwards. Driving this, says the broker, is an increase in the total addressable market as more states legalise, market share gains including the underappreciated iGaming and margins increments as scale increases. Overweight is now JP Morgan’s investment stance against neutral previously, while the price target is now 21,300p offering a potential 25% upside. Shares rose by 2% to 17,590p. More at #Proactive #ProactiveInvestors http://ow.ly/nTVz105lPiP

Our Q2 2024 Media and Marketing Services sector report shows that gaming transactions were the most popular sub-sector of TV, film and entertainment for acquirers. The UK has a global reputation for creativity, a strong talent pool and an established gaming ecosystem, making it an attractive sector to overseas investors. It is of little surprise, therefore, that BFI's report last year showed that overseas entities now own more than 50% of UK developers. Owners of businesses looking to maximise their proceeds through a sale process should start thinking about how to optimise their business in preparation much sooner than you would think.... https://lnkd.in/efKPEGjt

The Brazilian market and its associated opening have been and remain a white-hot topic in the gaming world! Find below Insights from our resident Brazil expert James Kilsby as he sat down with SBC News for a Q&A on the current situation and projections: 🚀Get Vixio's perspective on Brazil's $5bn Betting Market! 🇧🇷 The main takeaway? Now is the key time for operators to make their move to enter this new market, even though there are still some unanswered questions. James explained, "One challenge for operators is having to move forward with a licensing application with haste due to the clear advantages of submitting an application within the 90-day window.... while at the same time not having a full picture of what the Brazilian regulatory regime will ultimately entail." 🔗 Read more about these exciting developments: https://lnkd.in/gHV5wXUn To stay updated on future developments in Brazil, follow Vixio Regulatory Intelligence or visit vixio.com. #Brazil #BettingMarket #VIXIO #SportsBetting #GamingIndustry #EconomicGrowth #Regulation

Happy Monday! Gamescom is right around the corner and my amazing team Christian Borneman 🇺🇸 🇧🇷 🔜 Gamescom Cologne Diego Rubinsztejn Juan Vicente Carda Guinot will be there representing dLocal! Feel free to reach out if you'd like to meet us there! The gaming landscape is evolving rapidly, with mobile gaming, improved internet access, and local payment methods making it easier for players worldwide to join in! 🎮 Subscription models have made hundreds of games accessible to players in emerging markets at more affordable prices. To truly succeed, however, understanding and implementing local payment options is crucial. From mobile money to digital wallets and vouchers, these methods connect with millions of enthusiastic gamers in these regions 👾 Discover how to localize your payment strategies and tap into booming gaming markets in dLocal's latest guide: https://lnkd.in/dQ8QgwPY #Gaming #EmergingMarkets #DigitalExpansion #LocalPayments #GlobalGaming #OnedLocal

With Brazil’s betting market set to open in January 2025, some operators are stepping back due to high licensing costs. As the stakes rise, experts predict an M&A boom, with bigger players potentially consolidating smaller brands. Will we see a shake-up in Brazil's betting industry? 🎲💸 #BrazilBetting #SportsBetting #iGaming https://lnkd.in/d6Zw85fS

LatAm Q3 results round-up: Brazil's betting launch takes centre stage 📈 After Entain posted a 48% year-on-year revenue rise in Brazil for a second straight quarter, CFO Rob Wood said he anticipates the growth to plateau when restrictions come in from the legal market launch date of Jan. 1, 2025 🤝 Flutter Entertainment CFO Rob Coldrake hopes the company can take advantage of the Brazil opportunity following the acquisition of an initial 56% stake in NSX Group 🕰 Conversely, Rush Street Interactive CEO Richard Schwartz says the company is taking a "cautious wait-and-see approach" to Brazil despite success elsewhere in LatAm https://lnkd.in/egaQddXx

Global betting and gaming powerhouse Entain has published its FY 2023 report, highlighting favorable results across the board despite the recent decline in share price. As reported by the company, its total group net gaming revenue increased by 14% to £4.83 billion. Entain emphasized that 100% of its revenue came from regulated or regulating markets. Thanks to a record-breaking level of online active customers (+23% year-on-year), the company achieved a gross profit of £2.9 billion. EBITDA, on the other hand, increased by a single percent to £1 billion. Barry Gibson, Entain’s chairman, described 2023 as a period of “necessary, but ultimately positive, transition for Entain.” He teased that the company is making progress in its search for a new CEO and praised Stella David’s work as interim CEO. Read the full article ➡ https://lnkd.in/d9sa5CB3 #business #finance #gambling #gamblingnews #global #financialresults

LatAm, particularly Brazil, was in focus this Q2 earnings season. Here's a round up of what was said by Entain, Flutter Entertainment Plc, DraftKings Inc. etc 🔝 Flutter expects to be a leader in Brazil but isn't sure on its M&A strategy yet ❌ While DraftKings would take the M&A route to entering LatAm, it has no plans 📈 Entain says winning in Brazil is necessary to drive organic growth