Posts From: February 2021

Golden Nugget Online reports 63% rise in full-year revenue

Golden Nugget Online Gaming has reported preliminary financial results for the full year 2020. For the twelve months ended December 31, 2020, GNOG reported the following unaudited estimates total revenue of...

Finance News
Sportech to focus on growth in US

Sportech has announced a pre-close update in respect of the financial year ended 31 December 2020. The Board notes that the Group continues to drive operational efficiencies through all its...

Finance News
MGM-Backed Playstudios Agrees to $1.1 Billion SPAC Deal

Casual and social casino developer-publisher PlayStudios is to list publicly on the Nasdaq stock exchange at a valuation of approximately USD$1.1bn (£803m), via a merger with the Acies Acquisition Corp. Special purpose...

Finance News
Rank Group reports first half loss amid Covid-19

Rank Group has announced a loss for the first half of fiscal 2021 as revenue took a hit from venue closures and coronavirus-related restrictions. The FTSE 250 gambling group reported...

Finance News
Entain online betting surge offsets retail business plunge

Entain today reported surging revenues just days after rejecting an £8 billion takeover bid from MGM Resorts. Full year online net gaming revenue jumped 27% with the final quarter of...

Finance News
UKGC fines four online operators £4.5m

Four gambling businesses are to pay a total of £4.5m in penalty packages as part of the Gambling Commission’s ongoing investigation into the online casino sector. InTouch Games Limited will...

Finance News
LeoVegas signals revenue rise in Q4

Revenues in Q4 were up to €84.5m from €67.8m on the year, though they were given a boost by acquisitions and currency fluctuations. Depositing customers at the group grew 29%...

Finance News