Posts From: June 2023

Paf profits on record revenue performance

A successful year makes big dividends of Paf funds possible, with both revenue and profit increasing. Paf continues to invest in responsible gaming measures and the newly published figures for...

Finance News
Danish gambling revenue up 5% in April

The Danish Gambling Authority has updated the monthly statistics with data from March and April 2023.  In the monthly statistics, you can see the development in the gambling sectors betting,...

Finance News
Sports betting platform Rithmm raises $2M

Rithmm, a Boston, MA-based AI-driven sports betting technology startup, raised $2M in Seed funding. The round was led by Boston Seed Capital, Counterview Capital, Oyster Ventures, Correlation Ventures, Service Provider...

Finance News
New York mobile sports betting rises 8% in May

New York has now passed the $1 billion mark in tax revenue for all time. Only two other states, New Jersey and Nevada, have reached that amount in taxes from sports betting, though not all of it...

Finance News
IGT looks to sell off its Global Gaming and PlayDigital businesses

International Game Technology announced today that its Board of Directors is evaluating potential strategic alternatives for IGT’s Global Gaming and PlayDigital segments in order to unlock the full value of...

Finance News
Britain’s online gambling yield jumps 5% to £1.3 billion

The UK Gambling Commission has published further data showing how gambling behaviour is reacting to current environmental factors in Great Britain.  This data, sourced from operators, reflects the period between...

Finance News
Entain sees TAB NZ partnership delivering additional earnings of £20m

Entain is pleased to provide further detail on both its strategic partnership with TAB New Zealand and its recent acquisition of 365scores.   Presentations from the members of Entain’s senior...

Finance News
Virginia sports betting handle tops $426 million  

Virginians wagered $425.98 million in April, up 6.6% from the year prior, according to data released June 1 by the Virginia Lottery. About $422 million in sports betting revenue came...

Finance News
Investor group including Kenny Alexander takes punt on 888

888 Holdings surged on Wednesday after it emerged that investor group FS Gaming Investments has built up a 6.6% stake in the company. The stake was disclosed in a filing after...

Finance News
XLMedia completes disposal of personal finance assets

XLMedia a leading global digital media company, today announces that it has sold the domain and website, MoneyUnder30, for $675,000. This now completes the disposal of the Group’s entire Personal Finance...

Finance News