The latest SBC News 90, with the top stories of the day:
French operator Groupe FDJ saw wagers increase 6% to €4.4 billion in the third quarter.
Attributing the growth to a strong recovery in sports betting and the reopening of its retail network, the FDJ has upgraded its full-year wagering forecasts to €16 billion.
At the end of the third quarter, wagers for the year stood at €11.2 billion, about 10 per cent down on the comparable period in 2019.
Meeting the upgraded target would see the group end the year around 7% below pre COVID forecasts.
The UK Gambling Commission has published a further ‘market update’, tracking how COVID-19 has impacted gambling behaviours and participation across the UK.
The Commission said August’s short break for football was one reason online betting gross gambling yield dipped by 12%, to an estimated £406 million. The regulator added that the rush to gamble in June and July, as professional sport returned, had subsided somewhat in August.
Revenues from online slots had however remained more or less steady for the second month running, with an August gross yield of £164 million.
Finally, Colossus Bets has confirmed that company founder Bernard Marantelli has stepped back from his position as chief executive of the betting technology provider.
Posting on Linkedin, the company confirmed that David O’Reilly, Colossus Bets’ founding Chief Operating Officer, will succeed Marantelli as CEO.