Posts From: November 2021

OPAP records 20% revenue increase in third-quarter results

OPAP posted a 20% revenue increase to €470.2m in its third quarter results. EBITDA came in at €175m up by 62.1%.Sports betting revenue increased 39.1% to €141.4m. “OPAP’s Q3 results...

Finance News
Allied Esports revenue jumps 182% in third quarter

Allied Esports Entertainment,today announced financial results for the third quarter ended September 30, 2021, as well as an update on key business initiatives and leadership. Total revenues of $1.7 million...

Finance News
The Rank Group receives £77.5m VAT refund

The Rank Group today provided an update on its VAT refund claim. Rank has reached agreement with HMRC on the quantum of its claim for the refund of VAT paid...

Finance News
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