Posts From: February 2025

Entain shares jump as activist hedge fund becomes major investor in Ladbrokes owner

Ladbrokes owner Entain surged to the top of the FTSE 100 on Friday as it emerged that US activist hedge fund Corvex Management now has about 5.3% voting rights in the company....

Finance News
Online gambling revenue hits record DKK 3,520 million in Denmark

The Danish Gambling Authority has published statistics on the Danish gambling market covering December 2024. Thereby, statistics for all of 2024 are now available on the Danish Gambling Authority’s website....

Finance News
DraftKings revenue surges 30% to $4.77 billion

DraftKings digital sports entertainment and gaming company, has released its financial results for the fourth quarter and fiscal year 2024. The company has also raised its 2025 revenue guidance midpoint...

Finance News
Robinhood stock surges as earnings blow past forecasts

Robinhood reported record-breaking Q4 2024 results with total net revenues up 115% year-over-year to $1.01 billion.  Net income increased over 10X to $916 million, with diluted EPS of $1.01. Transaction-based revenues...

Finance News
DoubleDown Interactive reports Q4 revenue of $82 million

DoubleDown Interactive a leading developer and publisher of digital games on mobile and web-based platforms, has announced unaudited financial results for the fourth quarter and full year ended December 31,...

Finance News
New York mobile sports betting tops $2.4 billion in January  

After a record setting 2024, the Empire State started off 2025 at an accelerated clip. New York online sports bettors wagered $2,480,723,678  in January, topping the previous handle record in October...

Finance News
Superbet Group agrees €1.3 billion refinancing deal with Blackstone

With one of the fastest growing companies in the global technology and entertainment industry, Superbet Group is refinancing its global business with 1.3 billion euros. Six years after its first...

Finance News
Britain’s online gambling market tops £1.5 billion in Q4 2024

The total online Gross Gambling Yield (GGY) in the UK has increased 21 percent, compared to the same period last year, to £1.54 billion. The increase was mostly driven by...

Finance News
Svenska Spel reports flat revenue and profit

Svenska Spel is ending the year on a strong note. During the fourth quarter, the positive development for the Luck business area continues with the highest growth ever, and within...

Finance News
Betsson reports record year as revenue tops €1 billion

Betsson Group’s full year revenue was EUR 306.8 (251.9) million, an increase of 22%. Organic increase of 48%. Casino revenue increased by 17%. Sportsbook revenue increased by 36% and the...

Finance News