Posts From: December 2023

Virginia sports wagers break new records in October

The Virginia Lottery has released its report on sports wagering activity submitted by licensed operators for the month of October 2023.  Between October 1 and October 31, 2023, Virginians wagered...

Finance News
Nasdaq sends ‘warning letter’ to Inspired for late filing of third-quarter results  

Inspired Entertainment has announced that it received a standard notification letter from the Listing Qualifications Department of the Nasdaq Stock Market stating the company was not in compliance with the requirements of Nasdaq...

Finance News
UK gambling revenue surpasses £15 billion in 2023

The betting and gaming industry’s revenues reached £15.1bn in the year to March 2023, or £10.95bn excluding the National Lottery, figures from the Gambling Commission released on Thursday show. This report provides...

Finance News
Picklebet secures $15M investment with backing from DraftKings

Picklebet, the Australian next gen betting and media company at the nexus of esports, sports, and internet culture, has closed a $15M AUD Series A round of financing. The financing round was...

Finance News
Kindred Group to exit North America market as board mulls sale

As part of its strategic review, Kindred Group will exit the North American market with the expectations to have fully exited operations in the market by the end of Q2...

Finance News
Pointsbet on track to deliver revenue forecast

Brett Paton, Chairman, Ponitsbet 2023 AGM, speech to shareholders at the Annual General Meeting today. A lot has happened since I addressed you at our 2022 Annual General Meeting. The...

Finance News
Goldman downgrades Entain to ‘sell’, slashes price target

Goldman Sachs has downgraded Entain to sell from buy saying that the company has been having problems with growth due to a combination of regulatory headwinds, competition, market dynamics, and...

Finance News
Lottomatica sells new investment-grade bonds to fund SKS365 acquisition

Lottomatica’s joint stock company (societàperazioni) established under the laws of the Republic of Italy (and a wholly owned subsidiary of Lottomatica Group S.p.A. has announced today its intention to issue and...

Finance News
Entain agrees to pay £585m after bribery investigation

Entain will pay penalties of more than half a billion pounds after a probe into alleged bribery at a former Turkish subsidiary. Entain said it had reached an agreement with...

Finance News
Activist investors pile pressure on Entain

Entain shares spiked on reports that it faces growing investor unrest from activist investors. Following the shares recently sinking to a three-year low below 840p, two more US activist hedge funds...

Finance News