According to BDO director Ollie Woodward, UK iGaming operators are leveraging the increased Remote Gaming Duty (RGD) to reassess their operational costs and explore potential M&A opportunities. Despite the margin pressure, the overall industry sentiment towards the UK market remains resilient and bullish.
Summary based on reporting by iGaming Business, which retains all rights to its text and images.
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Bank of America has identified the digital trading card-pack market as an emerging adjacent frontier for gambling operators seeking new revenue streams. However, analysts cautioned that the sector presents distinct regulatory and inventory-related risks that operators must navigate.
Codere Online reported a 31% year-on-year increase in third-quarter revenue to €62.6 million ($69.2 million), driven primarily by strong performance in Mexico. Adjusted EBITDA rose 45% to €4.2 million, with net income reaching €5.5 million. Chief Executive Aviv Sher maintained the company's full-year outlook despite regulatory changes and foreign exchange headwinds.
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