Posts From: October 2019

Nektan secures £2.6mln share placing

Nektan has secured backers for a £2.6mln share placing at 5p a share. A £350,000 unsecured loan note that was extended as financial support ahead of the fundraiser forms part...

Business News
PointsBet to raise £65m for expansion plans

PointsBet has halted trading on the ASX ahead of a major share placement and capital raising program. PointsBet will raise $122.1 million through a fully underwritten capital raising. This comprises...

Business News
PGA Tour to allow on-site betting in 2020

The US PGA Tour is ready to roll the dice and unveil gambling at tournaments “from next year” to tap into new audiences, said Commissioner Jay Monahan. Gaming restrictions are...

Business News
Kindred Group posts drop in profit amid ‘challenging’ Swedish market

Kindred Group’s underlying EBITDA for the third quarter of 2019 was GBP 37.2 (55.7) million, and GBP 98.3 (144.9) million for the period January to September 2019. Profit after tax...

Business News
U.S. demand drives revenue growth at Kambi

Kambi Group this morning reported a third-quarter profit of €2.3 million. Revenue amounted to €23.0 (20.5) million for the third quarter of 2019, and €65.6 (54.5) million for the period...

Business News
theScore reports record results

theScore announced the financial results for the three and 12 months ended August 31, 2019. theScore launched its mobile sportsbook ‘theScore Bet’ in New Jersey in September after receiving regulatory approval by...

Business News
OTE and Intralot to jointly bid for online betting license

OTE and Intralot confirmed their intention to join forces for bidding for an online betting license. The Board of Directors of the Company has approved the formation of a new...

Business News
Svenska Spel online revenues up 9%

During the third quarter, the Svenska Spel Group’s operations will be further stabilized following the year-end’s major transition to a new gaming market. Svenska Spel’s digital business and customer bases continue...

Business News
Evolution Gaming Q3 revenues up 47%

Evolution Gaming has reported a 47% rise in operating revenue to EUR 94.7 million (64.3), EBITDA increased by 73% to EUR 48.5 million (28.0), corresponding to a margin of 51.2%...

Business News
Betsson posts revenue decline, and announces new sportsbook launch

Revenue for the third quarter was SEK 1,275 million, a decrease compared to the third quarter last year, which comprised positive effects from the world cup. The revenue was however...

Business News