Posts From: November 2022

Kindred pays out on its biggest ever sports bet

Kindred Group, with its multi-product brand Unibet, has settled the largest bet in the Group’s history following the Houston Astros winning the World Series against the Philadelphia Phillies on 5...

Finance News
Fox holds option to buy $20bn stake in FanDuel

On 7 April 2021, FOX initiated an arbitration process with respect to a legal dispute over the terms of FOX’s option to acquire an 18.6% stake in FanDuel and related...

Finance News
Super Group maintains revenue guidance of €1.15 billion

Super Group maintains its outlook for 2022 and is reiterating previously stated guidance on its revenue and adjusted EBITDA of between €1.15 billion and €1.28 billion, and €200 million and...

Finance News
DraftKings reports higher revenue for start of football season

Draftkings said it now expects revenue for the year to be in the range of $2.16 billion to $2.19 billion, up from its previous call for between $2.08 billion and...

Finance News
PENN Entertainment revenue surges to $1.63bn

Soaring revenues from online revenue propelled Penn National Gaming to a handsome third-quarter profit, but in-person wagering on slot machines and table games at its Grantville property continued to slide. Publicly traded...

Finance News
Danske Spil full year revenue up 10%

Danske Spil’s full year profit after tax in the Danske Spil Group was DKK 1,627 million. This is an improvement of more than 10% in relation to the result after...

Finance News
Bally’s raises full year revenue forecast to $2.25bn

Bally’s has reported third quarter revenue of $578.2 million versus the previous estimate of $577.11 million. Bally’s expects full-year revenue of $2.25 billion. Lee Fenton, Chief Executive Officer said, “In...

Finance News
LeoVegas revenue slides 1% in third quarter

LeoVegas reported revenue of EUR 98.7 m during the third quarter, corresponding to a decrease of 1% compared with the preceding year. Organic growth in local currencies was unchanged. In...

Finance News
Rush Street Interactive posts third quarter revenue of $143.7m

Rush Street Interactive posts record Q3 revenue of $143.7m. Net loss was $22.7 million during the third quarter of 2022, compared to a net loss of $18.9 million during the...

Finance News
Caesars digital third-quarter revenue jumps 120%

Caesars Entertainment Inc. posted better-than-expected revenue and a return to profit in the latest quarter, buoyed by revenue from online sports betting. Net income was $52 million, or 24 cents...

Finance News