Posts From: January 2022

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 Eddie Jordan’s JKO Play has withdrawn its US$3bn bid for Playtech.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
fuboTV sees revenue jump over 100%

fuboTV in December 2021 showed 2021 total revenue is expected to be between $215-$220 million, an increase of 105%-109% year-over-year. Prior guidance was $205-210 million for the quarter. For the...

Finance News
OddsMatrix wagers top €100m in fourth-quarter

EveryMatrix is pleased to announce record turnover for its sportsbook solution in Q4 of 2021. OddsMatrix reached a great milestone in Q4 2021, surpassing a monthly average of over EUR...

Finance News
Ladbrokes claimed £102m furlough money despite online profits

Ladbrokes claimed £102m from the furlough scheme, it has emerged, despite rapid growth in online betting making up for all losses from the closure of stores. The bookmaker claimed £57.5m...

Finance News