Posts From: August 2022

Lottery.com faces investor law suit over accounting non-compliance

Eagel & Squire nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against Lottery.com, Inc. In the United States District Court for the Southern...

Finance News
MGM wins approval for $607m LeoVegas takeover

MGM Casino Next Lion, LLC, a wholly owned indirect subsidiary of MGM Resorts International, announced a recommended public offer to the shareholders of LeoVegas to tender all their shares in...

Finance News
Catena Media second-quarter revenue down 5%

Catena Media’s second quarter revenue dropped 5 percent in Q2 amid sports calendar seasonality and macroeconomic impacts on player spend in multiple markets.  Revenue growth of 21 percent in the...

Finance News
Scout Gaming shares slide on Q2 results

Scout Gaming Group’s revenue was down by more than 69 per cent in the second quarter of 2022, but continues to be outstripped by expenses. Revenues from the gaming operation...

Finance News
Rank Group swings to £74m annual profit

Rank Group PLC swung to a fiscal 2022 pretax profit after a rise in net gambling revenue. The FTSE 250 gambling group reported a pretax profit for the year ended...

Finance News
Raketech records 29% rise in second quarter revenue

Raketech has reported a 31% rise in second quarter revenue. The portfolio of affiliation marketing assets delivered solid results, despite challenging market conditions. Revenues totalled EUR 11.3 million (EUR 8.8...

Finance News
Jackpocket Releases Q2 Report on State of Digital Lottery Play in U.S.

Jackpocket, the leading lottery app in the U.S. to provide a secure way to order official state lottery tickets, today released their Q2 2022 report about the state of digital...

Finance News
Gan lowers full-year guidance by 1.8%

GAN today reported its unaudited financial results for the quarter ended June 30, 2022.Total revenue was $35.0 million versus $34.4 million, up 2% compared to the prior year quarter. The increase...

Finance News
GiG second quarter jumps 37%

Gaming Innovation Group reports Q2 2022 revenues of €22.1 million and an adjusted EBITDA of €8.3 million. All time high revenues in Q2 2022 amounting to €22.1m (16.1), an increase...

Finance News
Inspired Entertainment in $370m bid to buy PlayAGS

Inspired Entertainment has made a $370 million offer to acquire slot machine maker PlayAGS Inc, people familiar with the matter said on Friday. Inspired has offered $10 per share in cash...

Finance News