Gaming Innovation Group reports 29% revenue growth in Q4

Gaming Innovation Group is a leading iGaming technology company that provides solutions, products and services to online gambling operators. The company is listed on the Oslo Stock Exchange and on the Nasdaq.

The Gaming Innovation Group (GIG) released its fourth quarter financial report, which reported revenue growth of 29% (€18.2 million). GiG Media revenue hit a record high of €12.8 million, up 42%, while platform services revenue hit €5.3 million, up 8%. GiG Media broke the record not only for quarterly revenue, but also for FTD, which increased by 82% to 60,600.

New Jersey set a record for the amount of bets in a month

Flag New Jersey State
New Jersey set a new monthly sports betting record. The amount of bets for January was $1.35 billion, thereby breaking New Jersey’s October record. Then the amount of bets was equal to $1.3 billion. Almost 90% of January bets came from online bookmakers ($1.2 billion). Offline bookies collected only $139.2 million. Gross bookmaker revenue in New Jersey for January was $60.2 million, up 2% from the previous month.

As for the United States as a whole, by the end of 2021, the turnover of the gambling business in the interior of the country reached an absolute record – $ 53 billion. This is 21% more than the previous record set in 2019, and 67% more than in 2020, when turnover sank due to lockdowns.

DRF Bets sponsors Alfa Romeo F1 Team Orlen

DRF Bets will sponsor the Alfa Romeo F1 Sport Team Orlen for the upcoming Formula 1 season starting March 20th. As part of the partnership, DRF Bets will receive extensive branding opportunities throughout the racing season, as well as VIP access to all 23 Formula 1 races.

The total amount of STS Holding bets in 2021 amounted to $1.13 billion

STS Holding reported an increase in key operating indicators for 2021. Total betting increased by 25% to almost $1.13 billion. The number of active users increased by 24% to 693,000. Between January and December 2021, 370,000 new users were registered, which is 18% more than in Last year. In addition, the number of customers who made deposits for the first time increased to 249,000 in 2021 (from 205,000 in 2020).

France began to block the sites of igaming operators, eSports and affiliates in an expedited manner

France Flag
The French regulator L’Autorité nationale des Jeux (ANJ) has received the right to block unlicensed gambling sites of operators and affiliate sites that advertise them without a preliminary court decision. If earlier it was first necessary to obtain a court decision to block, now ANJ has the right to first order Internet providers to block the site, and only then notify the court to verify the legality and validity of the decision. The new order will allow the “French RKN” to significantly increase the speed of blocking. The relevant changes to the legislation came into force on March 02, 2022.

Bitcoin – Dollar rate at 2022/03/09:
Bitcoin graph 2022/03/09