Posts From: February 2021

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
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