Written by Clear Concise Media

Published January 2021

© 2021 iGaming Business Ltd

All rights reserved . No part of this

publication maybe reproduced , stored

in a retrieval system , or transmitted in

any form or by any means , electronic , mechanical , photocopying , recording or otherwise without the permission of the publisher . The information contained in this publication is believed to be correct at the time of going to press . While care has been taken to ensure that the information is accurate , the publishers can accept no responsibility for any errors or omissions or for changes to the details given . Readers are cautioned that forward-looking statements including forecasts are not guarantees of future performance or results and involve risks and uncertainties that cannot be predicted or quantified and , consequently , the actual performance of companies mentioned in this report and the industry as a whole may differ materially from those expressed or implied by such forward-looking statements .

Author : Scott Longley Editors : Stephen Carter and Joanne Christie Design : Ogo Ikeogu

Published by iGaming Business , part of Clarion Events . Registered office : Bedford House , 69-79 Fulham High Street , London SW6 3JW Tel : + 44 ( 0 ) 207 384 7763 Registered number : 3934419

Editor ’ s letter

Executive summary

Part 1 Paid media to the fore

Part 2 Affiliates and spending caps

Part 3 Company-bycompany third-quarter results analysis