Posts From: February 2024

Diamond Sports secures $450M in debt financing

Diamond Sports Group has secured $450 million in debtor-in-possession (DIP) financing, the agreement marked a turning point for the owner of the Bally Sports RSNs. The financing was announced last month and includes...

Finance News
BlueBet reports jump in first-half revenue to $298.7m

BlueBet is pleased to provide H1 FY24 results. Turnover is up 6.9% to $298.7m, driven by sports and thoroughbred racing where we are outperforming. Group Net Win margin remains robust...

Finance News
Loto-Québec revenue tops $2.1B

For the period from April 1 to December 25, 2023, Loto-Québec posted total revenues of $2.111B and a net income of $1.076B. The group has, therefore, met its objectives despite an economic...

Finance News
Playtika Q4 revenue hits $637.9 million

Playtika Holdings recorded higher revenue but lower earnings in the fourth quarter as costs rose and its average daily paying user count declined year-over-year. The Israel-based mobile gaming company posted...

Finance News
Pointsbet Holdings reports first-half revenue rise

PointsBet Holdings Limited today reported earnings results for first half 2024, the company reported revenue of $101.7m, up 7% vs PCP, a record half and a gross profit of $50.1m,...

Finance News
Sports betting and online casino drive ATG full-year revenue to SEK 5.3 billion

Increased net gaming revenue, reduced costs and thus an improved result for ATG®. This is clear when ATG presents its year-end statement for 2023. Considering that 2023 started really tough,...

Finance News
Illinois eyes 35% sports betting Tax Hike

Gov. JB Pritzker called to more than double the Illinois sports betting tax rate to 35% as part of his $52.7 billion Fiscal Year 2025 budget presented to the public Wednesday. Though Pritzker did...

Finance News
Tabcorp sees first half revenue slide 5%

Tabcorp’s first half revenue slid 5 per cent to $1.2 billion and group earnings fell 14 per cent to $170 million figures that reflect the broader challenges facing the Australian...

Finance News
Online drives Bally’s full year revenue up 8.6% to $2.45bn

Bally’s today reported financial results for the fourth quarter and full year ended December 31, 2023. Revenues were $611.7 million, up 6.1% year-over-year and up 8.6% for the full year....

Finance News
Kinectify secures new funding from Aristocrat

Kinectify, a pioneering technology firm spearheading risk management innovation in gaming, has announced an incremental investment by Aristocrat Leisure. Aristocrat’s investment in Kinectify is joined by current investors contributing additional...

Finance News