Posts From: January 2022

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
Entain named as one of UK’s most admired businesses

Entain, the global sports betting, gaming, and interactive entertainment group, has made its debut in Management Today’s ranking of ‘Britain’s Most Admired Companies’ as the runner up for 2021. This...

Finance News
Playtech mulls £2bn break-up as shareholders vote on Aristocrat deal

Playtech is reportedly considering breaking up and selling off its operations if the £2.7bn takeover by Australia’s Aristocrat falls through. The deal risks being blocked by a group of Asian shareholders which own...

Finance News
Allwyn Entertainment prepares New York SPAC listing

Allwyn Entertainment, the new group-wide brand for SAZKA Entertainment AG announced another significant step in its evolution to a global lottery-led entertainment platform: Allwyn’s intention to become a publicly- listed...

Finance News
JKO withdraw from $3bn deal for Playtech

Playtech shares slumped 22% today after a possible bid for the gaming company fell through. Eddie Jordan’s JKO Play has withdrawn its US$3bn bid for Playtech. Playtech said it “continues to...

Finance News
Entain tightens full-year guidance despite more regulation

Entain upgraded its outlook on profitability as revenue grew in the fourth quarter of the year, led by a boost from retail growth. Earnings before interest, taxes, depreciation, and amortisation,...

Finance News
BetMGM to turn a profit next year

MGM Resorts Internationan and Entain, joint owners of sports betting and iGaming operator BetMGM, said Wednesday they expect to invest another $450 million in BetMGM in 2022. That will bring the...

Finance News
888 Holdings reports record full-year revenue increase

888 Holdings said on Tuesday that full-year revenues had grown year-on-year to yet another fresh record despite experiencing a drop in the key metric in the fourth and final quarter...

Finance News
Super Group reports revenues of $1.5bn

The Super Group, the holding company that manages sports betting brand Betway and casino brand Spin reported a full-year revenues of $1.53bn. Net gaming revenue were up a 36% year-on-year...

Finance News