Posts From: October 2021

PointsBet posts record first quarter revenue of $979.9 million

PointsBet has reported a solid quarter of growth fuelled by the fast-growing North American sports betting market. Turnover rose 42% on prior corresponding period to $979.9 million. Gross win margin...

Finance News
Kindred Group turns in strong third quarter earnings results

Kindred Group saw gross winnings revenue increased by 6 per cent to GBP 298.4 million in 2021. Profit after tax amounted to GBP 220.3. Underlying EBITDA grew by 76 per...

Finance News
Svenska Spel revenues jump 7% to SEK1.97bn

Svenska Spel’s operations are up and running again – for the first time in more than fifteen months. The Group’s revenues grew during the quarter, as did customer bases and the...

Finance News
DraftKings walks away from offer to buy Entain

DraftKings confirms that, following further analysis and discussions with the Entain board of directors, it will not make a firm offer for Entain. Jason Robins DraftKings CEO, Co-Founder and Chairman...

Finance News
Betsson posts 3% revenue rise for third quarter

Betsson Group has reported a 3% revenue rise of SEK 1,733.3 (1,676.7) million. Casino revenue decreased by 2%. Sportsbook revenue increased by 24% and the sportsbook margin was 7.9%. Operating...

Finance News
Kindred’s revenue from harmful gambling drops to 3.3%

Kindred is determined to contribute to a more sustainable gambling industry across all markets through an open and fact-based dialogue. In the third quarter of 2021, Kindred’s share of revenue from harmful...

Finance News
ATG reports 3% fall in quarterly revenue

ATG has reported its financial results for the third quarter of 2021 showing that net gaming revenues are at the same level in the period compared with 2020.Total revenues amount...

Finance News
DraftKings given extension to pursue Entain takeover

DraftKings until November 19 to decide on a formal offer for Entain as the betting firms continue talks on the details of a possible deal, including the U.S. company’s plans for...

Finance News
888 Holdings posts jump in revenue

888 Holdings has posted a jump in revenues to $229.9m for the third quarter 2021. Group revenue was up 7% driven by continued expansion in regulated markets, despite a tough...

Finance News
DraftKings Invests In Vivid Seats SPAC

DraftKings is set to make a  private placement PIPE investment in connection with the closing of the previously announced merger between Horizon and Vivid Seats. The investment will be part of...

Finance News