Posts From: November 2021

Leap Gaming receives €450,000 investment from SEED Innovations

SEED Innovations is pleased to announce that it has invested a further €450,000 in Fralis LLC, trading as Leap Gaming, an Israel based B2B developer of high-end 3D gaming applications...

Finance News
Evolution Gaming sheds $3bn in valuation after accusations of illegal gambling

Evolution Gaming has been accused of operating in a number of illegal markets and in US jurisdictions subject to online gambling sanctions. The complaint was made in a letter last...

Finance News
Better Collective announces 148% third- quarter revenue Increase

Bettor Collective showed strong underlying growth on all major KPIs in the third quarter, however, revenue was impacted downwards by very low sports win margins in July and August. The...

Finance News
Esports Entertainment sees first quarter revenue boost of 86%

Bethard owner Epsorts Entertainment Group has reported net revenues of $16.4 million, up $16.2 million and an 86% increase in revenue in the first quarter. Gross profit was $10.0 million....

Finance News
Playstudios posts third-quarter revenue rise

Social casino operator Playstudios has reported a third-quarter revenue rise of $70.6 million, compared to $69.7 million during the third quarter of 2020. This year’s results were driven by increases in daily...

Finance News
GAN’s third-quarter results in line with expectations

GAN has posted its third quarter results. Revenue was $32.3 million versus $34.6 million, a 7% decrease driven by sports seasonality and lower sports betting margins than the prior quarter, despite an increase in...

Finance News
Jackpocket raises $120M to expand its lottery app

Jackpocket, the leading lottery app in the U.S. to provide a secure way to order official state lottery tickets, announced has raised $120M in funding to pioneer the future of lottery play....

Finance News
Kindred Group refinances its borrowings with new €216m revolving credit facility

Kindred Group has signed a new EUR 216.7 million multi-currency revolving credit facility agreement with two Nordic banks. The new credit facility has an uncommitted accordion feature that permits, under...

Finance News
LeoVegas third-quarter revenue rises 12%

LeoVegas reported a third-quarter revenue increase by 12% to EUR 99.4 m. Organic growth in local currencies was 8%.Excluding Germany, growth was positive 31%. EBITDA was EUR 11.5 m, corresponding...

Finance News
Scientific Games swings back to $182 million profit in third quarter

Scientific Games has reported third-quarter net income of $182 million profit, compared to a net loss of $117 million the previous last year. Revenues for the quarter rose to $539...

Finance News