Posts From: October 2024

Evoke reports 3% revenue increase to £417 million

Evoke has reported a 3% increase in revenue to £417 million for the third quarter of 2024, compared to the same period last year. It highlighted that this marks its...

Finance News
FDJ stock edges higher as results surpass estimates

FDJ Group has reported revenue to end-september up 12% to €2,097m, up 6% on a like-for-like basis. Gaming revenue in France up 8% to €1,907m.Lottery revenue up 7% to €1.5bn,...

Finance News
Rank Group sees double-digit revenue jump

Rank Group reiterated its full-year guidance on Thursday, after bumper first-quarter trading across its casino estate. The London-listed firm said group like-for-like net gaming revenues in the three months to September...

Finance News
Underdog Fantasy founder honored by Goldman Sachs for entrepreneurship

Goldman Sachs is recognizing Jeremy Levine, CEO and Founder of Underdog Fantasy, one the fastest-growing sports gaming and media companies in the U.S., as one of the Most Exceptional Entrepreneurs...

Finance News
Online drives solid third-quarter for Entain

Entain expects full-year profits to come in at the top end of guidance as strong growth in online gambling continues to offset a decline in bricks-and-mortar trade. The Ladbrokes owner’s...

Finance News
Bookies drop on report of UK government mulling tax hikes

Entain and Flutter Entertainment were trading 12.6% and 7.3% lower, respectively. As per media reports, Treasury officials are exploring proposals to raise between £900m and £3bn by increasing taxes on...

Finance News
Flutter Entertainment price target raised to $287 from $255 by JMP Securities

JMP Securities analyst Jordan Bender raised the firm’s price target on Flutter Entertainment to $287 from $255 and keeps an Outperform rating on the shares. Gaming has been a mixed bag year-to-date,...

Finance News
RotoUnderworld secures $1.5 million in pre-seed funding

RotoUnderworld, a technology company that analyzes statistical data for fantasy sports, announced today that it has raised $1.5 million in a pre-seed funding round to build the next-generation fantasy gaming platform. The...

Finance News
Penn Entertainment third-quarter revenue in line with expectations

PENN Entertainment said it expects third-quarter retail operations adjusted EBITDAR to be in the range of $465 million to $475 million. The company also raised its interactive adjusted EBITDA guidance for...

Finance News
Sporttrade secures new backing from SIG Sports

Sporttrade a Philadelphia-based sports betting operator is pleased to publicly announce that it has added strategic investor SIG Sports Investments Corp. In addition to providing substantial growth capital to the business through two...

Finance News