Posts From: February 2022

Aristocrat’s £2.7bn acquisition of Playtech lacks support from shareholders

Playtech said Wednesday it does not expect its shareholders to approve its proposed takeover by Australia’s Aristocrat. Playtech needs approval from 75% of shares voting at its general meeting scheduled later...

Finance News
BlueBet reports strong quarter as revenues exceed expectations

BlueBet exceeded its prospectus forecasts for all key metrics, with turnover, net win and active customers all materially ahead of the respective forecasts. Record turnover in Q2 FY22 of $138.6...

Finance News
XLMedia expects results to be in line with expectations

XLMedia expects its full year results for the year ended 31 December 2021 to be in line with expectations, delivering revenue of approximately US$66.6 million (2020: US$54.8 million) and adjusted EBITDA of approximately US$17.2 million (2020: US$12.2...

Finance News
PonitsBet reports ‘record quarter’ as US revenues rise

PointsBet has reported an operating loss of $51.8 million in the December quarter, with revenue at $90.4 million. The sports betting business reported investing cash outflows of $43.6 million, as the company...

Finance News
Entain to invest £100m in new innovation hub

Entain is to launch a global innovation hub, Ennovate, with a first lab to open in London.  Ennovate will invest up to £100 million in innovation projects, start-up investments and...

Finance News
Low6 raises $5m in funding ahead of planned IPO

Low6,is pleased to announce the successful completion of the company’s latest round of funding, ahead of an Initial Public Offering (IPO), expected to take place later this year. The company raised USD $5million,...

Finance News
Super Group begin trading on The New York Stock Exchange

Super Group the parent company of Betway, a leading online sports betting and gaming business, and Spin, the multi-brand online casino, and Sports Entertainment Acquisition Corporation, a publicly traded special...

Finance News
New York State weekly mobile wagering tops $572m

New York State allowed mobile sports betting to begin on Jan. 8. The headlines shouted that there were $572 million wagered in the first nine days and $48.2 million in revenue. GeoComply data shows...

Finance News
Rank Group gaming revenue bounces back as venues reopen

Rank Group has reported a pretax profit for the first half of fiscal 2022 as revenue increased after performance at Grosvenor, Mecca and Enracha venues improved. The U.K. gambling group...

Finance News
Revenue up at Gaming Realms

Gaming Realms said underlying earnings (EBITDA) grew 70% in 2021 and that momentum continued in the fourth quarter and into 2022 with game launches in the Netherlands, Spain and Romania...

Finance News