Posts From: July 2024

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
XLMedia reports U.S. online sports betting boost

XLMedia saw a solid start to the year in Europe and North America. North Carolina launched online sports betting on 11 March 2024, after the NFL season had finished, which saw good growth in customer registrations...

Finance News
DraftKings invests in startup LinQ 

LinQ’s founders unveiled major plans to tap into the growing multi-billion dollar online Real Money Game sector at the end of 2023, following their $1.5 million pre-seed round led by a16z SPEEDRUN....

Finance News
Danish gambling revenue tops €76 million in May

The Danish Gambling Authority has released statstics for May 2024. The figures show that the total gambling spend on betting, online casino, gaming machines and land-based casino decreased in May...

Finance News
Just 20% of UK bets on EURO 2024 back the Three Lions, according to Entain

Just one fifth of UK fans betting on EURO 2024 are backing the Three Lions despite England securing the #1 spot in Group C, new data from Entain shows. In...

Finance News