Posts From: April 2022

ATG earnings matches first quarter estimates

AB Trav och Galopp ( ATG ) said net gaming revenue for the first quarter of 2022 was SEK 1.3 billion. Revenues from sports betting increased by 27 percent and...

Finance News
PointBet turnover surges by 54% to $1,398m

For the three months ended 31 March, PointsBet reported a 54% increase in turnover to $1,398 million. This was driven by a 37% increase in Australian turnover to $579.4 million...

Finance News
Churchill Downs hits record first-quarter revenue despite TwinSpire woes

Churchill Downs reported first quarter earnings, and its historical horse racing and gaming operations powered much of the record first-quarter performance. CDI posted $87.2M in net revenue from its live...

Finance News
GAN secures $30m investment from Beach Point Capital

Beach Point Capital Management LP, a private credit focused investment manager, announced a $30 million private credit investment in GAN. GAN operates a North American B2B technology offering for real money internet...

Finance News
Kindred’s first quarter revenue slumps by 31% as firm blames “temporary headwinds”

Kindred Group’s first quarter revenue slumped by 31% as the firm blames “temporary headwinds” but continues with long-term optimism. Total revenue (B2C and B2B) was GBP 246.7 (352.6) million. Gross winnings revenue (B2C)...

Finance News
Rivalry full year revenue boosted by record performance

Betting firm Rivalry has reported record growth as part of a transparent financial update. In 2021, Rivalry experienced its strongest year to date, reporting revenue growth of more than 617% by...

Finance News
Betsson Group posts strong first quarter

Betsson Group has reported an 8% revenue rise in Q1 to EUR 170.2 (157.4) million, organic increase of 14%. Casino revenue decreased by 5%. Sportsbook revenue increased by 45% and...

Finance News
Svenska Spel revenue down 3% in first quarter

The start of 2022 has been more challenging than expected for Svenska Spel. Both revenue and earnings are affected by the pandemic during the first half of the quarter.  The Group’s...

Finance News
Sportech announces £7m special dividend

Sportech PLC has declared a seven million pound £7m special dividend that amounts to seven pence a share. The Company is able to conduct the Distribution following the successful sale...

Finance News
According to new figures, one in four Brits gamble online

Online gambling is at its highest ever rate in the UK, with one in four Britons making wagers, according to the UK Gambling Commission. The following findings are official statistics based...

Finance News