Posts From: November 2020

Rank Group mulls capital raise

Rank Group confirmed on Thursday that it is in talks over a potential equity raise. Responding to recent press speculation the company said in a brief statement: The board continuously...

Business News
Zynga shares dip on loss despite record revenue

Zynga generated record third quarter revenues and upped its financial projections for the year on Wednesday riding the gaming industry wave due to the Covid-19 pandemic. During the third quarter,...

Business News
PlayUp announces $25 Million Capital Raise

PlayUp, the Australian owned Betting Operator, has announced the completion of a $25,000,000 capital raise through a non-renounceable entitlement offer. Daniel Simic, CEO PlayUp, commented, “The oversubscription of our $25...

Business News
AGA CEO Statement on the 2020 Election Results

American Gaming Association (AGA) President and CEO Bill Miller issued the following statement following Tuesday’s election that saw ballot initiatives legalize sports betting in Louisiana, Maryland, and South Dakota and...

Business News
SciPlay third-quarter revenues rise 30%

SciPlay on Wednesday reported third-quarter net income of $5.5 million. Third quarter revenue was $151.2 million. Mobile revenue of $131.8 million was up 35%, which was 750 bps above market...

Business News
LeoVegas posts flat revenue amid regulatory headwinds

LeoVegas reported revenue increase of 1% to EUR 88.9 m (88.2). Organic growth in local currencies was 2%. EBITDA was EUR 11.9 m (12.7), corresponding to an EBITDA margin of...

Business News
Danske Spil launches online bingo with GVC

GVC Holdings has announced that Danske Licens Spil, one of the largest betting and gaming organisations in Europe, has joined its international online bingo network. Through the new integration DLS...

Business News
theScore welcome Reintroduction of Legislation to Legalize Single Event Wagering in Canada

Score Media and Gaming, Founder and CEO John Levy issued the following statement on today’s anticipated reintroduction of legislation (Private Members Bill C-218) in the House of Commons to legalize...

Business News
GiG posts 78% jump in third quarter revenue

Gaming Innovation Group topped revenue expectations with its third-quarter earnings results posting a 78% increase. GiG generated revenues in Q3 2020 of €17.9m (10.1), 78% growth Y/Y and 8%. Adjusted...

Business News
UK Gambling Commission revoke Park Lane Casino’s licence

The UK Gambling Commission has revoked the operating licence of Silverbond Enterprises Ltd which runs Park Lane Casino. The decision was made because there was a change in corporate control...

Business News