Posts From: July 2024

Golden Matrix gaming revenue tops record $39 million

Golden Matrix Group, an international developer, licensor and global operator of online gaming and eCommerce platforms, systems and gaming content, today announced that pursuant to preliminary revenue estimates, it achieved record revenues...

Finance News
Betfred full-year revenue tops £900 million

A surge in online gambling helped Betfred’s turnover pass £900m during its latest financial year but was not enough to stop the company entering the red. The Warrington-headquartered business has...

Finance News
Passion Gaming reclaims 100% ownership from Rank Group

Co-founders Bobby Garg and Priya Kumar have successfully re-acquired Passion Gaming shares from their investors for an undisclosed amount. Rank Group PLC, through its subsidiary, Stride Investments, had invested $5 million comprising of $3.75 million through External...

Finance News
Flutter reportedly in potential acquisition of PENN

Penn Entertainment rose 5% amid a report that Flutter is interested in the interactive assets of Penn. Flutter pared some of an earlier gain amid the news.  Flutter may want to partner...

Finance News
New York delivers record sports betting handle of  $10.99 billion 

New York reported a total sports betting handle of US $10.99 billion in the first half of the year, setting a new record for a US state. Online betting was legalised...

Finance News
Virginia sports betting jumps by 25% in May

The Virginia Lottery has released its report on sports wagering activity submitted by licensed operators for the month of May 2024.  Between May 1 and May 31, 2024, Virginians wagered...

Finance News
EBET’s online casino assets to be sold in foreclosure sale

Hilco Streambank presents the opportunity to acquire certain assets associated with EBET, a global provider of advanced wagering products which operates seven iGaming / online casino and sports betting brands with large European player-bases....

Finance News
Jefferies lifts target price on FanDuel owner Flutter

Jefferies has reiterated a ‘buy’ rating on Flutter Entertainment, setting a price target of 22,000p. Despite increased gaming taxes in Illinois potentially impacting earnings, the American investment bank is optimistic about the...

Finance News
Gambling participation in the UK remains stable at 48% of adults

The data being released today is the second edition of the UK Gambling Commission’s Gambling Survey for Great Britain (GSGB) conducted by NatCen. A nationally representative sample of 5003 adults...

Finance News
Super Group pays its first dividend to shareholders

Super Group the parent company of Betway, a leading online sports betting and gaming business, and Spin, the multi-brand online casino, today announced that its Board of Directors has initiated...

Finance News