Posts From: July 2022

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
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