Posts From: May 2021

Rush Street momentum holds up in strong first quarter

Rush Street Interactive has raised its revenue guidance for the full year after a strong first quarter performance. Revenue was $111.8 million during the first quarter of 2021, an increase...

Finance News
Playstudios lifts forecast as it swings to first quarter profit

Social game developer Playstudios has announced its financial results for the first quarter ended March 31, 2021. Revenue was $74.1 million during the first quarter of 2021, representing an increase...

Finance News
Playtika raises full year guidance

Playtika reported financial results for the first quarter that topped last year’s performance today. But its stock price fell 5% in early trading after the company’s first quarterly report as a public...

Finance News
FanDuel IPO delayed as Matt King departs

Flutter Entertainment has said the  proposed IPO of FanDuel will be delayed due to the departure of Matt King. Matt King has resigned as chief executive officer of FanDuel. King, in...

Finance News
Wynn to take online business public in SPAC merger

Wynn Resorts and Austerlitz Acquisition Corporation have announced that they have entered into a definitive agreement under which Austerlitz I will combine with Wynn Interactive a subsidiary of Wynn Resorts,...

Finance News
Acquisitions drive Bally ‘s first quarter revenue

Bally’s posted revenues of $192.27 million for the quarter ended March 2021 this compares to year-ago revenues of $109.15 million. The company has topped consensus revenue estimates three times over...

Finance News
Scientific Games reduces losses in first quarter

Scientfic Games first quarter consolidated revenue was $729 million compared to $725 million, up 1% compared to the prior year period. Lottery, SciPlay and Digital businesses delivered double-digit revenue growth. Digital revenue increased 12% and...

Finance News
DraftKings scores on first-quarter Results

DraftKings has reported better-than-expected revenue for its first quarter, and raised its full-year revenue guidance. For the three months ended March 31, 2021, DraftKings reported revenue of $312 million, an increase...

Finance News