Posts From: April 2022

Kindred Group sees first quarter revenue drop 30%

Kindred Group maintained its business momentum from the previous quarter with the total revenue for the first quarter of 2022 amounting to approximately GBP 247 million Total revenue declined by...

Finance News
New York online sports betting takes in $4.84bn in first quarter

According to the latest figures from the New York State Gaming Commission, commercial sportsbooks in the Empire State generated $4.84bn in the first quarter of 2022. Revenue was up 7% month-on-month...

Finance News
Betting turnover at Betfan jumps 99%

BETFAN, a Polish legal bookmaker, has generated sales of EUR 77 m in 2021, an increase of nearly 90% year-on-year. The bookmaker, operating only since April 2019, has been growing...

Finance News
Entain reports 31% revenue rise, in line with expectations

Entain said first-quarter revenues rose by a third after a strong performance from its retail shops as Covid lockdown curbs were eased. Group revenue was up 31% supported by the return...

Finance News
888 shares leap on revised takeover deal of non-US assets

888 Holdings has announced a revised agreement to sell the non-US assets of William Hill to Ceasers Entertainment for a revised enterprise value of between £1.95 billion and £2.05 billion. The...

Finance News
Lottery.com posts record full year revenue

Lottery.com reported financial results for the fourth quarter and full year ended December 31, 2021. On October 29, 2021. Fourth quarter 2021 revenue was $21.5 million, up $18.2 million versus...

Finance News
Novibet announces $625m SPAC merger to fund global expansion

Artemis Strategic Investment, a publicly traded special purpose acquisition company, and Logflex MT Holding Limited (doing business as “Novibet”), jointly announced that the companies entered into a definitive agreement for...

Finance News
Sportech full year revenue tops estimates

Sportech said that its pretax loss for 2021 narrowed significantly on higher revenue as 2020 was affected by strict restrictions. The betting-technology company said its pretax loss for 2021 was...

Finance News
XLMedia report 21% rise in full year revenue

XLMedia has reported the company’s audited results for the year ended 31 December 2021.Full year revenue was $66.5 million up 21%,  adjusted EBITDA of $17.9million, reported Profit before tax of $4 million. ...

Finance News
Zeal Network doubles EBITDA in 2021

ZEAL Network SE (LOTTO24, Tipp24) published its annual report 2021 and confirmed another successful financial year in a weak market environment: ZEAL increased billings slightly by 1% to €656.5 million. ZEAL’s...

Finance News