• The International Betting Integrity Association (IBIA) reported 76 suspicious betting alerts to the relevant authorities during Q2 2026. Football accounted for 25 alerts, followed by esports with 16, basketball with 10 and tennis with nine. The IBIA integrity report notes that the total may change if ongoing investigations identify additional cases.
• Europe recorded the highest regional share of alerts with 33%, followed by South America with 22% and North America with 21%. Africa accounted for 15% of alerts, while Asia represented 4%. One group of 16 esports alerts was classified as global because the events could not be linked to a single jurisdiction.
• Football alerts were spread across Africa, Europe, Oceania and South America. Kosovo recorded five football alerts, while Cameroon reported three and Brazil, Colombia and Paraguay each registered multiple cases. In basketball, nine of the 10 alerts originated in South America, mainly in Paraguay and Colombia.
• The report also focuses on Canada’s regulated online betting market. According to presented data, Ontario’s online sports betting channelisation increased from 5% of gross gambling revenue in 2022 to 85% in 2023 and has remained above 90% since then. IBIA says the figures show how competitive regulation can move betting activity into regulated and monitored markets.
• IBIA also highlighted its athlete education programme in Canada. Backed by a CAD 300,000 (ca. EUR 187,000) commitment from IBIA and members bet365, Betway and FanDuel, the initiative has already reached nearly 200 Canadian Premier League players and staff before expanding to the Canadian Football League in partnership with Genius Sports. The programme is based on IBIA’s three principles: “Rules, Responsibility and Reporting.”

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• The rollout follows the supplier’s recent entry into South Africa. Players can access titles including Slingo Sweet Bonanza, Slingo Day of the Dab and Slingo Xxxtreme.
• SportyBet, part of Sporty Group, operates betting and online casino products across several regulated African markets. The deal expands Gaming Realms’ footprint on the continent and strengthens its presence in key African jurisdictions. Africa remains a focus market for the supplier’s growth strategy.
• Laura Norton, account manager at Gaming Realms, said: “Entering three new African markets at once together with SportyBet is a fantastic achievement for the Gaming Realms team.” SportyBet casino director Joey Hurtado said the partnership brings a different type of content to customers. Both companies expect the collaboration to support further growth in the region.

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• World Sports Betting players will get access to a mix of new Greentube games and land-based slot classics. The first titles include Queen Cleopatra and 25 Red Hot 7 Clover Link. Other games in the rollout include Book of Ra, Lucky Lady’s Charm and Sizzling Hot.
• Greentube said the content has been selected for the South African market. The portfolio combines familiar themes with slot mechanics already used across its wider casino catalogue. The Greentube South Africa rollout is aimed at supporting player engagement on World Sports Betting’s platform.
• Razvan Glodea, sales and key account manager at Greentube, said: “We’ve been working hard to bring our games live with such an important brand in the South African market.” He said the supplier expects its known titles to gain traction with World Sports Betting players. Greentube also plans promotional activity around the launch.
• World Sports Betting said the agreement will add recognised casino content to its existing offer. Ryno Du Plessis, Group Chief Operating Officer (COO) of World Sports Betting, emphasized that Greentube’s portfolio includes titles with a proven track record. The operator said the deal also brings new games tailored to its audience.

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• Super Group brought in USD 612m (ca. EUR 521m) in revenue during the first quarter 2026, compared with USD 517m (ca. EUR 440m) in the same period last year. Profit for the quarter reached USD 86m (ca. EUR 73m) , while adjusted EBITDA climbed to USD 152m (ca. EUR 129m). The company said sportsbook and casino activity both contributed to the increase.
• Monthly active customers rose to 6.4 million in Q1, up 18% year-on-year. Super Group pointed to continued growth in Africa, Canada and parts of Europe during the period. Cash reserves stood at USD 422m (ca. EUR 359m) at the end of March 2026.
• Africa became the company’s biggest reporting segment after Super Group changed the way it structures its financial reporting. Revenue from the region reached USD 267m (ca. EUR 227m), while international operations generated USD 339m (ca. EUR 289m). The company said the changes better reflect how the business is managed internally today.
• Super Group also completed its sportsbook technology acquisition after final approvals were received in February 2026. The group spent USD 28m (ca. EUR 24m) on the transaction during the quarter. Management said the deal will support its sports betting platform ahead of major football events over the next two years.
• Chief executive Neal Menashe said: “With a highly stable casino business, fortified sports trading capabilities ahead of the World Cup, and strong momentum across regions, we believe that Super Group is well positioned for the remainder of 2026.”
• Super Group kept its full-year guidance unchanged and still expects revenue above USD 2.55bn (ca. EUR 2.2bn) and adjusted EBITDA above USD 680m (ca EUR 579m). The company also returned USD 152m (ca. EUR 129m) to shareholders through dividends during the quarter.

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• Banijay Group has completed the acquisition of Tipico Group, bringing it together with Betclic and Admiral under Banijay Gaming. The combined business now holds strong positions across six key European markets, including Germany and France. Following the Banijay Tipico acquisition, the group said it has become the sports betting leader in Continental Europe.
• On a pro forma 2025 basis, Banijay Gaming would have generated EUR 3.1bn in revenue. Adjusted EBITDA would have reached EUR 900m, with adjusted free cash flow at EUR 700m. The company expects the Banijay Tipico acquisition to double key financial metrics over time.
• The transaction is expected to deliver around EUR 100m in synergies over the mid-term. This includes EUR 70m in operational efficiencies and EUR 30m in capital expenditure savings. Banijay Group currently holds a 65% stake in the business and plans to increase this to at least 72% in the coming years.

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• Virgin Bet has launched in South Africa, marking its first expansion beyond the UK market. The move strengthens LiveScore Group’s position in Africa alongside its existing Nigeria operations. It represents a key step in the brand’s international growth strategy.
• Responsible gambling is integrated into the Virgin Bet South Africa platform from the start. Players have access to tools such as deposit limits, time-outs and self-exclusion options. These are supported by local customer support and verification processes.
• The company is building a local team to support long-term operations in the market. Head of Marketing Gail Odgers said the focus is on delivering experiences while maintaining player protection. Virgin Bet South Africa is also planning initiatives linked to education and safer gambling.
• Virgin Bet – launched in May 2019 – operates as part of LiveScore Group, which owns LiveScore and LiveScore Bet, linking content and wagering through its platform.

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Growth potential of selected global regions – Survey results Q4/2025

The chart shows how surveyed experts rate the next-12-month growth potential across major regions. Overall sentiment is fairly cautious, with clear separation between the most promising areas and mature markets.

• Top performers are led by LatAm, which stands out as the strongest growth story in this ranking. Africa stays close behind, still seen as a high-upside region.

• Stable expectations dominate the picture, with most regions grouped around modest growth rather than big swings.

• Europe’s position remains at the lower end, with both Eastern and Western Europe rated weakest. Even so, this reads like maturity and regulation pressure, not a lack of activity.

Growth potential of key Western European online gambling markets – Survey results Q4/2025

This chart compares growth potential across key Western European markets within the next 12 months. The main takeaway is that expectations are positive but contained, with countries sitting close together.

• Top performers are Spain and Italy, which sit at the upper end of the Western Europe pack. They look like the clearest “best of the bunch” markets right now.

• Lowest-ranked markets include the UK and Germany, which sit at the bottom of this comparison. The relative gap suggests more headwinds or fewer near-term catalysts there.

Please find more data and the methodology applied in the current edition of the OGQ Magazine. Also, find more content in our data section.

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• Group revenue rose 17% year-on-year to USD 16.38bn, while average monthly players increased 14% to 15.9 million. Adjusted EBITDA was up 21% to USD 2.85bn, with margin improving slightly to 17.4%. The Flutter FY 2025 results include contributions from Snai and NSX, which were added during the year.

• Net income swung to a USD 407m loss compared to a USD 162m profit in 2024. This was mainly due to a USD 556m non-cash impairment after India introduced legislation that stopped real-money gaming. Adjusted earnings per share still increased 9% to USD 7.94, reflecting growth in the underlying business.

• In the US, revenue climbed 20% to USD 6.97bn and adjusted EBITDA increased 82% to USD 922m. FanDuel closed the year with a 41% share of sportsbook GGR and 28% of iGaming GGR in active states during Q4. The group also launched FanDuel Predicts, offering sports contracts in 18 states and non-sports markets across all 50 states.

• International revenue grew 14% to USD 9.42bn, with adjusted EBITDA up 7% to USD 2.2bn. Southern Europe and Africa benefited from the addition of Snai, while Central and Eastern Europe posted double-digit growth. The exit from India and swings in sports results weighed on organic sportsbook performance.

• Net debt stood at USD 10.6bn at the end of December, with leverage at 3.7x following acquisition activity and the buyout of Boyd’s stake in FanDuel. The company returned USD 1bn to shareholders during the year through share repurchases.

• CEO Peter Jackson said: “Flutter delivered strong 2025 results,” pointing to progress in the US and across International markets. For 2026, Flutter expects revenue of USD 18.4bn and adjusted EBITDA of USD 2.97bn at the midpoint of its guidance.

Flutter stock down by -11% last week

Last week, Flutter’s shares weakened (see our weekly stock watch) after the company reported quarterly results that missed revenue and earnings expectations and issued cautious guidance for 2026, which spooked investors and led to heavier selling pressure.

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• Revenue for 2025 rose 22% to USD 2.2bn (ca. EUR 1.9bn) compared with USD 1.8bn (ca. EUR 1.5bn) in 2024. Growth was driven mainly by Africa, including the launch in Botswana, as well as the UK and Canada ex-Ontario. These gains were partly offset by softer performance in South/Latin America and parts of APAC.

• Profit before tax almost doubled to ca USD 356m (ca. EUR 302m) from ca. USD 204m (ca. EUR 173m) the year before. Adjusted EBITDA increased 57% to ca. USD 560m (ca. EUR 475m) from ca. USD 357m (ca. EUR 303m), reflecting improved operating leverage. The Super Group financial results show an overall margin of around 25% for the year.

• Monthly average customers increased 17% to 5.6 million in 2025, up from 4.8 million in 2024. The rise reflects continued expansion of Betway in sportsbook and Spin in online casino across core territories. Customer activity supported double-digit growth in both revenue and earnings.

• During the year, the company exited the US iGaming market to focus on markets where it sees stronger long-term returns. CEO Neal Menashe said 2025 was “a standout year for Super Group,” pointing to record customer growth.

• The company returned USD 156m (ca. EUR 132m) to shareholders during the year and declared a further USD 125m (ca. EUR 106m) special dividend in early 2026. Under the updated dividend policy, the annual target increases to at least USD 0.20 (ca. EUR 0.17) per share, highlighting the cash generation reported in the Super Group financial results.

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