Posts From: October 2023

888 pens lower revenue on tougher gambling rules

888 Holdings said that third-quarter revenue fell as it invested in the business, and backed its fourth quarter and full-year guidance. The London-listed online betting-and-gaming company–which houses its namesake 888...

Finance News
New Jersey online wagers near-record levels

Sports betting and online gambling were at near-record levels in New Jersey in September, and nearly half of the Atlantic City casinos won more money from in-person gamblers than they...

Finance News
Esports Entertainments shares slump as revenue falls

Esports Entertainment Group, a global iGaming company and B2B esports solutions provider, published its financial results for the fiscal year ending on June 30, 2023. Revenue: $23.0 million for the fiscal...

Finance News
Tabcorp wagering revenue falls, shares plunge 10%

Tabcorp Holdings posted a dip in its revenue in its first quarter update for the fiscal year 2024, sending its shares down to their lowest level in over two years....

Finance News
U.S. Horse racing betting handle surges to $9 billion

Horse racing, and the horse industry in general, is one of the biggest entertainment and sporting industries in the United States. More than $9 billion was wagered on races across the country in...

Finance News
Genius and Sportradar face patent infringement suits in the US

PANDA Interactie, a pioneering sports technology company with proprietary cloud-based software that enables media, leagues, and sportsbooks to offer interactive viewing experiences including the ability for viewers to see real-time...

Finance News
Iowa wagers increase to $245.8m September

Numbers from the Iowa Racing and Gaming Commission came in on Monday, it showed new high marks for sports betting earnings and state tax for betting between September at $245.8m. More than...

Finance News
AGA commercial revenue tracker hits $37.91 billion record

AGA’s Commercial Gaming Revenue Tracker provides state-by-state and cumulative insight into the U.S. commercial gaming industry’s financial performance based on state revenue reports. Commercial gaming industry revenue reached $5.39 billion...

Finance News
Veikkaus invests in international expansion

Veikkaus is preparing for a new era, and the preparations will continue this autumn. Preparations are underway to change the gambling system, with a section of the market opening to...

Finance News
News Corp sells $70m stake in gambling start-up Betr

News Corp has quietly sold its shares in gambling startup Betr just four months after it launched, despite its $70 million investment into the bookmaker. According to sources close to...

Finance News