Posts From: December 2023

Danish GGR revenue down 29% in October

The Danish Gambling Authority has previously published statistics on the Danish gambling market every quarter and in addition published selected key figures for the gambling market on a monthly basis....

Finance News
US racing wagers tops $911 million in November

U.S. horse racing business just reported its its annual betting handle statistics, according to Equibase‘s most recent release of economic indicator data, revenues were down 1% to $910.7 million in November....

Finance News
Entain eyes 2023 BetMGM revenue of up to $2.0 billion 

Entain has given an outlook for BetMGM, its joint-venture in the US, owned jointly with MGM Resorts International. The London-based sports betting and gambling operator – via Coral, Ladbrokes, PartyPoker...

Finance News
Camelot acquisitions boost Allwyn’s third quarter revenue growth

In Q1 2023, Allwyn completed the acquisitions of Camelot UK, the current operator of the UK National Lottery, and of Allwyn LS Group (formerly referred to as Camelot LS Group),...

Finance News
888 reject £700m takeover bid by Playtech

888 Holdings PLC leapt over 18% to 83.34p on Monday morning after The Sunday Times reported it was the target of a £700 million swoop by gambling tech provider Playtech PLC.  Playtech made a...

Finance News
Virginia sports wagers break new records in October

The Virginia Lottery has released its report on sports wagering activity submitted by licensed operators for the month of October 2023.  Between October 1 and October 31, 2023, Virginians wagered...

Finance News
Nasdaq sends ‘warning letter’ to Inspired for late filing of third-quarter results  

Inspired Entertainment has announced that it received a standard notification letter from the Listing Qualifications Department of the Nasdaq Stock Market stating the company was not in compliance with the requirements of Nasdaq...

Finance News
UK gambling revenue surpasses £15 billion in 2023

The betting and gaming industry’s revenues reached £15.1bn in the year to March 2023, or £10.95bn excluding the National Lottery, figures from the Gambling Commission released on Thursday show. This report provides...

Finance News
Picklebet secures $15M investment with backing from DraftKings

Picklebet, the Australian next gen betting and media company at the nexus of esports, sports, and internet culture, has closed a $15M AUD Series A round of financing. The financing round was...

Finance News
Kindred Group to exit North America market as board mulls sale

As part of its strategic review, Kindred Group will exit the North American market with the expectations to have fully exited operations in the market by the end of Q2...

Finance News