Posts From: July 2023

Betfred’s revenue jumps as UK gamblers wager £8.8bn

Betfred has reported a jump in profits after the end of coronavirus restrictions. Betfred punters wagered £8.8bn in 2022, a sharp increase on nearly £7bn the year before. Betfred is...

Finance News
Entain reveals surge in Formula 1 betting

As the highly anticipated 2023 British Grand Prix approaches, Entain, the global sports betting, gaming, and interactive entertainment group, reveals that Silverstone took the crown of being the most exciting...

Finance News
A Cross-Cultural Study: Bettors’ Behavior in Different Regions  

It’s time to channel your inner Sherlock Holmes and decode the secrets that will have you saying, “Elementary, my dear Watson!”. If you’re looking to establish and receive more revenue,...

Finance News
Entain withdraws from acquisition of Športne loterije

Entain has confirmed that it is withdrawing from the process of buying a stake in Slovenian based Športne loterije. The Ministry of Finance announced on Friday that the applications for...

Finance News
Virginia surpasses $404 million in gross sports wagering 

The Virginia Lottery has released its report on sports wagering activity for May. Virginians wagered nearly 404 million dollars between May 1st and May 31st, which is about 15 percent higher...

Finance News
Flutter takes over £100m in wagers during Royal Ascot

Flutter’s UK&I brands – Betfair, Paddy Power & Sky Betting & Gaming – took in well over £100m in stakes, executing close to 22m bets across the Royal Ascot Festival....

Finance News
Betr unveil $35M funding round, $300M valuation

Betr, a Miami, FL-based sports betting and sports media company, raised $35M Series A2 funding, at a $300M pre-money valuation. The round was led by Roger Ehrenberg via IA Sports Ventures and Eberg Capital,...

Finance News
Pointsbet shares in trading halt

Pointsbet has requested an immediate trading halt to “enable it to manage its continuous disclosure obligations in relation to a material transaction.” Pointsbet has requested that the trading halt remain...

Finance News
Fanatics the winner in PointsBet auction to sell US wagering business

Fanatics won the sports betting bidding war for the company, valued at $225 million. The sale comes after Fanatics initially reached an agreement with PointsBet at around $150 million on May 16, just...

Finance News
Super Group added to Russell 2000® Index

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 it has been added to the...

Finance News