Posts From: February 2021

DraftKings shares surge as earnings beat expectations

DraftKings has revealed a better than expected fourth quarter and raised its 2021 sales guidance as sports wagering bounces back from the pandemic. Revenue rose to $322.2 million from $130.9...

Finance News
Webis Holdings bounces back into profit

Isle of Man based Webis Holdings operator of WatchandWager.com returned to profit in the six months to the end of November as the amounts wagered in the period rose 20%...

Finance News
UK online gaming revenue hits record high in 2020

The UK Gambling Commission has published further data showing how the further tightening of Covid-19 lockdown measures has impacted online gambling behaviour in Great Britain. The data reflects the period...

Finance News
Aspire Global hits record revenue, amid massive year of growth

Aspire Global has reported a 37.6% increase in revenue during the fourth quarter to €44.4 million. EBITDA increased by a staggering 89.9% to €8.3 million. EBIT increased by 100.4% to...

Finance News
Matt Tripp buys into ASX-listed Betmakers

BetMakers Technology has raised a further $75 million in capital and announced a new partnership with online wagering industry leader Matt Tripp. BetMakers is currently engaged with a number of...

Finance News
Tabcorp sees profit fall despite revenue gains

Tabcorp Holdings have announced a profit of $185m for the six months ended on December 31, 2020 down 7%. Retail wagering turnover dropped 28 per cent, but its online betting...

Finance News
FDJ turnover falls 7% as Covid-19 closures bite

French operator La Française des Jeux (FDJ) has posted a 7% drop in revenue to €16bn and net revenue down 6% to €1.9bn. EBITDA totalled €427m, online stakes continued their strong momentum,...

Finance News
Svenska Spel revenue drops 11% due to COVID-19

Svenska Spel has reported an 11% year-on-year net gaming revenue decraese of SEK 7,674 m. Operating profit of SEK 690 m, is a decrease compared with the same quarter last...

Finance News
Gaming Realms reports strong revenue growth

Gaming Realms today announced a pre-close trading update for the full year to 31 December 2020. The Company expects FY20 revenue and adjusted EBITDA will be £11.2m and c.£3.1m respectively. This reflects...

Finance News
Kindred Group posts 54% full-year revenue rise

Kindred Group this morning reported gross winning revenues of  £364.7 million, an increase of 54 per cent. Underlying EBITDA was £286.8 million. A new record in active customers and solid performance across all...

Finance News