Posts From: July 2022

Record revenue for Kentucky Lottery

The Kentucky Lottery has posted sales and cash transfers results breaking previous all-time records from the Corporation’s 33-year history. The announcement was made at Friday’s meeting of the Kentucky Lottery...

Finance News
Underdog raise $35m to fund sportsbook expansion

Underdog, the fastest growing paid fantasy sports company ever, has announced a Series B round of fundraising. The round, which includes funds and accounts managed by BlackRock (BlackRock) as well...

Finance News
US revenue drives first half results at XLMedia

XLMeida expects H1 2022 revenue of approximately US$44.5 million (H1 2021: US$32.2 million) and Adjusted EBITDA of approximately US$10.5 million (H1 2021: US$6.6 million). The Company has traded well across the first six months of the...

Finance News
Bally’s completes $108m Dutch auction

Bally’s has announced the preliminary results of its modified “Dutch Auction”. Based on the preliminary count by American Stock Transfer & Trust Company, LLC, the depositary for the tender offer,...

Finance News
Park Avenue Securities lifts stake in DraftKings

Park Avenue Securities LLC lifted its stake in DraftKings by 15.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional...

Finance News
Lotterywest revenues surge to $1.2bn 

For the second consecutive year, Lotterywest has contributed a record-breaking return to the Western Australian community, with 2021-22 producing a return of $1.03 billion in lottery prizes and grants.  The...

Finance News
Kindred Group second quarter revenue down 34%

Kindred Group’s second quarter revenue slumped by 34% as the firm blames “temporary headwinds” but continues with long-term optimism. Total revenue (B2C and B2B) was GBP 485.4 (716.3) million. Gross winnings revenue (B2C)...

Finance News
Betsson Group posts record second quarter revenue

Betsson’s second quarter featured continued good growth with all-time high revenue and further investments to support our expansion. The Group’s organic growth was 13 percent, mainly driven by Latin America...

Finance News
Kindred’s revenue from harmful gambling at remains 3.3%

In the second quarter of 2022, Kindred Group plc’s share of revenue from harmful gambling remains at 3.3 (3.3) per cent.  The improvement effect after interventions has increased to 84.7 per cent impacted...

Finance News
Poland’s STS Holding posts strong first half revenue

STS Group one of the largest bookmakers in Central Europe and the market leader in Poland generated NGR of over PLN 296 million in the first half of 2022, compared...

Finance News