Posts From: July 2022

Svenska Spel posts 1% revenue rise in second quarter

The proportion of healthy revenues and healthy customers increased for Svenska Spel during the second quarter of the year thanks to strengthened gaming responsibility measures.  The Group’s revenues increase as...

Finance News
U.S. Gaming revenue surpasses $5BN

The American Gaming Association’s (AGA) Commercial Gaming Revenue Tracker features state-by-state and nationwide financial performance data with breakdowns for individual gaming verticals. As the mid-year mark approaches, the U.S. commercial...

Finance News
Jumbo Interactive expecting revenue to exceed expectations

Jumbo Interactive has provided an update on its preliminary FY22 results which will be released to the market on 26 August 2022. The preliminary results, which remain subject to Board...

Finance News
Playtech shares slide as TTB Partners walk away from takeover

TTB Partners on Thursday walked away from making a takeover offer for British gambling software company Playtech, citing challenging market conditions. The finance company said it remains supportive of the...

Finance News
PlayUp explores possible sale of business following strategic review

PlayUp announced that it is working through completion of the certification process by GLI and, therefore, is closing in on approval to launch its proprietary Betting, Entertainment and Sports Technology...

Finance News
New York reports record online sports betting revenue

New York Governor Kathy Hochul said the state has generated more than $302 million in tax revenue from mobile sports wagering since the practice became legal in January. That means...

Finance News
Entain lowers online gaming revenue outlook 

Entain said online gaming revenue would be flat in the current year, as customers started to cut back on spending amid soaring inflation and prices. The owner of the Ladbrokes...

Finance News
NFLPA takes ownership stake in Sports Data Labs 

Sports Data Labs an award-winning leader in the collection, analysis and distribution of real-time performance data from sensors and sensing systems, and the NFL Players Association (NFLPA), through its business...

Finance News
Betfred posts profit of £5.3 million

Betfred said its turnover had risen by £1m to £525.9m in the year to September 26, 2021, because of the performance of its online betting operations during the lockdowns. The...

Finance News
SMB offload 47% stake in Betclic Everest Group

SMB Group has confirmed the sale of its 47% stake in Betclic Everest Group, a French online gambling company, in a deal that garners a €710 million profit for Monaco’s...

Finance News