Posts From: August 2022

Digital drives second half revenue for Penn Entertainment

Penn Entertainment’s revenue was up 5.2% during the quarter to $1.6B on what the casino operator called consistent performance across the retail portfolio in the quarter despite economic headwinds. The media...

Finance News
IGT posts $1.02bn in second quarter revenue

International Game Technology today reported financial results for the second quarter ended June 30, 2022. Revenue of $1.02 billion, down 2% as reported and up 3% at constant currency, led by 23%...

Finance News
BlueBet shares rise on strong fourth quarter trading

BlueBet continued its positive momentum and delivered a strong performance in Q4 FY22,delivering turnover of $126.7 million, up 31.3% vs. the PCP and Net Win of $12.8 million, up27.3% vs....

Finance News
Kindred Group buy back 23 million shares

Kindred Group has, empowered by a mandate received at the Extraordinary General Meeting on 10 June 2022, decided to initiate a share buy-back programme. The purpose of the programme is...

Finance News
Lottery.com shares sink by 59%

Online lottery and gaming company Lottery.com Inc disclosed Friday it had to to furlough workers, owed $425,000 in outstanding payroll obligations. Lottery.com inability to pay this amount may result in...

Finance News
PointsBet reports ‘strong’ full-year results

PonitsBet has reported its full 2022 financial year total net win, which leapt 48% from FY21, up to $309.4 million. Total net win increased 41% year-on-year to $85.8 million, up...

Finance News
Online stakes and lottery drive FDJ’s first half revenue

FDJ has reported strong growth in lottery revenue (+17%), with all points of sale open in 2022, whereas 10% of them were closed in H1 2021. Change in sports betting...

Finance News
Record revenue for Kentucky Lottery

The Kentucky Lottery has posted sales and cash transfers results breaking previous all-time records from the Corporation’s 33-year history. The announcement was made at Friday’s meeting of the Kentucky Lottery...

Finance News
Underdog raise $35m to fund sportsbook expansion

Underdog, the fastest growing paid fantasy sports company ever, has announced a Series B round of fundraising. The round, which includes funds and accounts managed by BlackRock (BlackRock) as well...

Finance News
US revenue drives first half results at XLMedia

XLMeida expects H1 2022 revenue of approximately US$44.5 million (H1 2021: US$32.2 million) and Adjusted EBITDA of approximately US$10.5 million (H1 2021: US$6.6 million). The Company has traded well across the first six months of the...

Finance News