Posts From: April 2023

Rank Group sees revenue jump in third-quarter

Rank Group PLC said Thursday that like-for-like net gaming revenue for its fiscal third quarter ended March 31 was up 13% to 174.4 million pounds ($216.9 million) and that it...

Finance News
Betr signs exclusive partnership with media duos

The Cavinder Twins are making big moves to kickstart their post-basketball careers — the social media superstars are becoming business partners with Jake Paul and his Betr company! The gambling and media...

Finance News
Esports Entertainment Group reduces workforce following Bethard sale

Esports Entertainment Group CEO, Mr Alex Igelman, provided a lengthy and detailed letter to the company’s shareholders, outlining a more positive future ahead for the once-beleaguered company. As a business-to-consumer (B2C)...

Finance News
Sportech posts 2% YoY Q4 revenue jump

Sportech reported Tuesday a revenue leap of 2% to to £26.0 million. Gross profit +11% to £14.2 million. The London-listed betting-technology company said its pretax loss widened to 934,000 pounds...

Finance News
Entain’s net gaming revenue surges on robust demand

Entain PLC said Tuesday that it has made a strong start to 2023, with increased net gaming revenue and record levels of active customers. The Ladbrokes owner said first-quarter group...

Finance News
Wyoming sports wagers hit $40 million 

The Wyoming Gaming Commission’s January 2023 revenue report revealed that Wyoming online sportsbooks nearly doubled their revenue compared to January 2022. The growth is a good sign for a relatively young market that launched...

Finance News
New Jersey gambling revenue up 15% 

New Jersey’s online partners of both types of gambling won over $487 million in March, an increase of 15% from a year earlier. But figures released Friday by the New...

Finance News
Italy’s Lottomatica seeks up to $3 bln valuation in IPO

Italian gambling group Lottomatica said on Thursday it aimed to launch an initial public offering (IPO) in Milan by the end of April, with the proceeds largely earmarked to reduce...

Finance News
888 Holdings posts 5% revenue drop

888 Holdings PLC said Friday that pretax profit fell for 2022, but that adjusted earnings rose following its combination with William Hill. The London-listed online betting-and-gaming company posted a pretax...

Finance News
STS Group posts 12% year-on-year jump in wagering revenue

The value of amounts staked in Q1 2023 in the STS S.A. (excluding the UK and Estonia operations) – the main operating company in the STS Group – was PLN...

Finance News