Posts From: April 2021

Genius Sports posts $30.3m loss, in first public accounts

Genius Sports has announced financial results for its fiscal 2020 fourth quarter and full year ended December 31, 2020. Group revenue increased 30.6% year-over-year to $149.7 million, with strong growth...

Finance News
Flutter Entertainment sees 42% increase in online revenue

Flutter Entertainment said that first-quarter revenue climbed as it continued to add online players, with online revenue in the U.S. more than doubling. Online revenue accounted for £1.47bn, up 42...

Finance News
KIndred Group sees 41% revenue jump in first quarter

Kindred Group has reported its strongest financial results for a first quarter, gross winnings revenue was up 41% to £352.6 million, underlying EBITDA was £98.0 million, profit before tax amounted to...

Finance News
Strong first quarter for 888 Holdings as revenue increases 56%

888 Holdings reported a 56% revenue rise to $272.5m during the first quarter, shares in 888 shot up 4.3 per cent as markets opened. The first quarter performance was ahead of...

Finance News
Gaming Realms trading ahead of expectations

Gaming Realms has said that it continues to trade ahead of market expectations with a 66% rise in full year revenue to £11.4m. Licensing revenue increased 81% to £7.5m. Social publishing revenue...

Finance News
Betway parent Super Group going public in $5.1 billion float

Betway’s parent company Super Group is preparing to go public in a deal that would value Super Group at roughly $5.1 billion. The deal will bring its leading global online...

Finance News
Rank Group remains confident in trading update despite revenue dip

The Rank Group ended the quarter with total cash and available facilities of £89.8m, comfortably achieving its minimum liquidity covenant of £50.0m. During the quarter the Group received a £13.4m...

Finance News
Genius Sports closes $1.5 billion merger

Genius Sports has completed its merger with special purpose acquisition company dMY Technology Group. The SPAC’s shareholders approved the the $1.5 billion deal with Genius Sports on Friday. Genius will trade on the...

Finance News
Bally’s raises $671.4m to fund Gamesys deal

Bally’s has announced that it completed its previously announced underwritten public offering of common stock at a price to the public of $55.00 per share.  Bally’s issued a total of 12.65 million shares of...

Finance News
FDJ sees betting revenue jump

French operator FDJ regained a higher level of stakes than before the crisis in 2019. The momentum should continue, in particular thanks to a dense sports calendar and the increase...

Finance News