Posts From: August 2022

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
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