Posts From: November 2024

DraftKings third-quarter revenue surges 39% to $1,095 million

DraftKings has announced results for the third quarter of 2024. For the three months ended September 30, 2024, DraftKings reported revenue of $1,095 million, an increase of $306 million, or...

Finance News
Super Group posts record quarterly revenue

Super Group, the parent company of Betway, a leading online sports betting and gaming business, and Spin, the multi-brand online casino, today announced second quarter 2024 unaudited consolidated financial results....

Finance News
Robinhood election trade revenue set to top $2 billion

Barclays keeps an Equal Weight rating on Robinhood (HOOD) with a $23 price target after the company said it will be adding election contracts to its platform. While the near-term revenue upside...

Finance News
Danish gambling revenue hits DKK553 million in September

Danes’ gambling spend decreased in September 2024 compared with the same month last year. Data from the Danish Gambling Authority shows that the spending on online casino increased, while on...

Finance News
Britain’s online gambling yield up 11% to £1.32 billion

The UK Gambling Commission has published further data on the gambling industry in Great Britain.  This data, sourced from operators, reflects the period between March 2020 and September 2024, inclusive,...

Finance News
PointsBet boosts yearly earnings after solid Q1 results

PointsBet Holdings has reported steady growth in Q1 FY25, driven by a balanced approach of market expansion and cost optimisation. PointsBet operates across Australia, the United States, and Canada, with...

Finance News
Online drives Lottomatica third-quarter revenue to €27.8 billion

Lottomatica Group Spa announced Wednesday that its board of directors approved the consolidated interim financial statements for the nine months ended Sept. 30, reporting total revenue for the period of...

Finance News
UK government avoids raising remote gaming tax until Autumn budget

Shares in betting firms leapt after Wednesday’s budget contained no rumoured tax changes. Earlier this month, the Guardian suggested that the Treasury was considering proposals to increase gaming duty from...

Finance News
Tekkorp Capital reveals Africa-focused venture

Tekkorp Capital, the leading global betting and gaming investment and advisory boutique, is delighted to announce Conor O’Donovan is joining to lead its African business, in response to the rapidly growing...

Finance News
BlueBet Holdings refocuses strategy on Australian market

BlueBet Holdings has provided an update on its US market exit. Since announcing its decision to exit the US market on 29 August 2024, BlueBet has made excellent progress, having...

Finance News