The GI Newswire: 16 Jan 2023
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Kindred Group World Cup turnover "good" but not enough to offset major fixtures
Kindred Group generated almost ￡305m ($372.6m) in total group revenue, showing a "strong" year-on-year increase, according to its unaudited trading update. Compared to the same period last year, total revenue climbed by 24% – but this figure was only 3% excluding the Netherlands. Kindred saw 1.83 million active customers during the quarter, which is its second-highest recorded number, and an increase of 25% over the fourth quarter of last year. This growth was supported by marketing expenditures before and during the World Cup. Read the full story here.
Other stories from Europe:
AGA: US annual commercial revenue surpasses $53bn by November 2022
The American Gaming Association (AGA) has updated its Commercial Gaming Revenue tracker with data through November 2022. The data has revealed that US commercial gaming revenue through the year has surpassed the previous high of $53.04bn. Commercial gaming income in the first 11 months of 2022 was $54.93bn, a 13.5% increase over the same time in 2021. Additionally, November marked the game's 21st straight month of year-on-year growth, with the sector's sales reaching $5.02bn, up 2.4% from November 2021. Read the full story here.
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Other stories from North America:
Philippines working toward removal from FATF grey list, extension granted
The Philippines is continuing its efforts to be removed from the Financial Action Task Force’s (FATF’s) anti-money laundering (AML) grey list.?The country was added to the FATF's grey list in recent years, which has been detrimental?to the image of legitimacy surrounding the country’s gambling businesses.?A continued push to be removed from the French-based FATF’s list was confirmed by Bangko Sentral ng Pilipinas Governor Felipe Medalla, after the country passed a January 2023 deadline to meet the FATF’s AML requirements.?Read the full story here.
Other stories from Asia-Pacific:
Gambling Insider is thrilled to reveal the full Shortlist for the upcoming Global Gaming Awards London 2023. Winners will be announced at an invite-only event at London’s fabulous Hippodrome Casino on Monday, 6th February. Visit the official Global Gaming Awards website to see the full Shortlist.