Posts From: November 2023

Playtika says performance in line with expectations despite revenue drop

Playtika Holding today released financial results for its third quarter for the period ending September 30, 2023. Revenue was $630.1 million a decrease of (2.0)% sequentially and (2.7)% year over...

Finance News
Stake expands LatAm focus with Betfair Colombia acquisition

Stake.com has expanded its Latin America presence having acquired Betfair Colombia’s client base from Flutter Entertainment for an undisclosed sum. Stake, one of the biggest online casinos and sports betting sites in...

Finance News
EveryMatrix hits record revenue high in third-quarter

EveryMatrix has confirmed its status as the fastest growing iGaming technology supplier recording consecutive quarterly profit margin figures above 50%.  EveryMatrix’s Q3 2023 update shows consistently strong growth and profitability...

Finance News
US group Dodge & Cox doubles stake in Entain

Entain has revealed that US fund management group Dodge & Cox last week doubled its stake. The investment, which took its shareholding from 5.01% to 10.33%, took place on the same...

Finance News
Virginia sports betting surges to $520 million in September

The Virginia Lottery reported sports wagering handle of more than $520.3 million for the month of September. $520 million handle, mobile operators took in $514.7 million, which is 99% of the entire...

Finance News
Entain shares dip on lower third-quarter profit margins

Entain on Thursday lowered its profit margin forecast for the year after it posted a drop in gaming revenue in the third quarter, hurt by adverse sporting results and regulatory pressures,...

Finance News
PENN Entertainment reports strong online revenue in Q3

PENN Entertainment on Thursday reported a loss of $724.8 million in its third quarter. PENN reported Q3 revenues of $1.62 billion, with a net loss of $725.1 million. The company’s...

Finance News
Britain’s online gambling yield hits £1.2bn in Q2

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 September 2023, inclusive, and...

Finance News
Flutter Entertainment pledge £500k to Mixed Ability Sports

Following on from last weekend’s dramatic Rugby World Cup Final, Flutter Entertainment is pleased to announce a three-year partnership worth c.£500,000 with International Mixed Ability Sports (IMAS) – the champion...

Finance News
Bally’s third-quarter revenue tops $633 million

Bally’s today reported financial results for the third quarter ended September 30, 2023. Bally’s reported revenue of $633.5 million, an increase of 9.4% year-over-year. International Interactive revenue of $243.9 million, up 7.2% year-over-year, driven...

Finance News