Posts From: August 2022

FuboTV mulls plans to build sportsbook service alone

FuboTV Inc the leading sports-first live TV streaming platform, today announced its financial results for the second quarter ended June 30, 2022. FuboTV’s North American (U.S. and Canada) streaming business...

Finance News
Rush Street Interactive posts $143.7m second quarter revenue

Rush Street Interactive a leading online casino and sports betting company in the United States and the rest of the Americas, today announced financial results for the second quarter ended...

Finance News
Bally’s second quarter revenue soars to $552.5m

Bally’s today reported financial results for the second quarter ended June 30, 2022. Revenue was up more than double to $552.5 million. Net income was $59.5 million. Adjusted EBITDA of $141.2 million. Lee Fenton,...

Finance News
Digital drives second half revenue for Penn Entertainment

Penn Entertainment’s revenue was up 5.2% during the quarter to $1.6B on what the casino operator called consistent performance across the retail portfolio in the quarter despite economic headwinds. The media...

Finance News
IGT posts $1.02bn in second quarter revenue

International Game Technology today reported financial results for the second quarter ended June 30, 2022. Revenue of $1.02 billion, down 2% as reported and up 3% at constant currency, led by 23%...

Finance News
BlueBet shares rise on strong fourth quarter trading

BlueBet continued its positive momentum and delivered a strong performance in Q4 FY22,delivering turnover of $126.7 million, up 31.3% vs. the PCP and Net Win of $12.8 million, up27.3% vs....

Finance News
Kindred Group buy back 23 million shares

Kindred Group has, empowered by a mandate received at the Extraordinary General Meeting on 10 June 2022, decided to initiate a share buy-back programme. The purpose of the programme is...

Finance News
Lottery.com shares sink by 59%

Online lottery and gaming company Lottery.com Inc disclosed Friday it had to to furlough workers, owed $425,000 in outstanding payroll obligations. Lottery.com inability to pay this amount may result in...

Finance News
PointsBet reports ‘strong’ full-year results

PonitsBet has reported its full 2022 financial year total net win, which leapt 48% from FY21, up to $309.4 million. Total net win increased 41% year-on-year to $85.8 million, up...

Finance News
Online stakes and lottery drive FDJ’s first half revenue

FDJ has reported strong growth in lottery revenue (+17%), with all points of sale open in 2022, whereas 10% of them were closed in H1 2021. Change in sports betting...

Finance News