Posts From: May 2024

DraftKings revenue surges 53% to $1,175 million

DraftKings today announced its first quarter 2024 financial results. The company also posted a first quarter 2024 business update and an earnings. For the three months ended March 31, 2024, DraftKings...

Finance News
PENN Entertainment reports quarterly revenue below estimates

PENN Entertainment missed analysts’ expectations in Q1 CY2024, with revenue down 4% year on year to $1.61 billion. It made a GAAP loss of $0.76 per share, down from its...

Finance News
Flutter shareholders vote in favour of US primary listing

Flutter Entertainment shareholders voted on Wednesday in favour of moving the Paddy Power owner’s primary listing to New York from London. At the annual general meeting in Dublin, the resolution was...

Finance News
Bally’s first-quarter revenue up 3.3% to $618.5 million

Gaming, betting and entertainment company Bally’s missed analysts’ expectations in Q1 CY2024, with revenue up 3.3% year on year to $618.5 million. On the other hand, the company’s outlook for...

Finance News
Postcode Lottery Group achieves record €2.5 billion revenue

The Postcode Lottery Group announces remarkable achievements in 2023, solidifying its position as one of the global leaders in charitable donations. With a turnover of €2.5 billion and growth across...

Finance News
UK online gambling revenue up 4% to £1.4 billion in Q4

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 March 2024, inclusive,...

Finance News
AGA survey finds CEOs positive about industry outlook

Amidst an evolving economic landscape, gaming executives report a positive outlook on future industry business conditions while remaining satisfied with the current business environment, according to the American Gaming Association’s...

Finance News
Online drives Lottomatica’s first-quarter revenue

Lottomatica Group the leading Italian operator in the legal gaming market, has announced the results for the first quarter of 2024 In the first three months of 2024, Lottomatica collected...

Finance News
NorthStar Gaming wagering revenue increases to $112.3 million

NorthStar Gaming Holdings today released its financial results for the year ended December 31, 2023. Revenue, including managed services fees, net of bonuses, promotional costs and free bets, was $6.5...

Finance News
Entain announces repricing of term loans & £600m add-on

Entain the global sports betting and gaming group, announces the successful repricing of two of its existing Term Loan B loans, and the pricing and allocation of fungible add-ons to those...

Finance News