Posts From: December 2022

Playtika to layoff about 600 employees

Playtika will cut 15 per cent of its workforce. About 600 employees worldwide will be dismissed including 180 in Israel, the media reported. ”Playtika’s success is rooted in our agility, efficiency,...

Finance News
New York sportsbooks wagers hit $1.55bn in November

Online sports betting in New York is trending back up, and towards record levels. Numbers reported recently by the New York State Gaming Commission show the state’s online sports betting...

Finance News
Esports Entertainment puts online gaming assets up for sale

Esports Entertainment Group to announced the departure of Grant Johnson from his position as Chairman and Chief Executive Officer, effective December 3, 2022. The Board of Directors has identified several...

Finance News
TAB NZ reports full-year results

TAB New Zealand provides the third monthly trading update for the 2022/2023 financial year, with the results and highlights for October 2022. The TAB operated through its online and retail channels...

Finance News
Fanatics raises $700m in funding ahead of sportsbook launch

Fanatics has raised roughly $700 million from a series of new and existing investors in a round that values the company at $31 billion, according to someone familiar with the details....

Finance News
Jackpocket reports third-quarter digital lottery results

Jackpocket, the leading third-party app in the U.S. to provide a secure way to order official state lottery tickets, today released its Q3 2022 report on lottery participation through its...

Finance News
Expand your market reach by diversifying your sportsbook

All businesses in the sports betting industry seek to expand, grow, and profit from their operations. However, if sports betting content is modeled on the existing standard of offerings, this...

Finance News
BetMakers launches in Jamaica with Supreme Ventures

BetMakers Technology Group announced its partnership with Supreme Ventures’ subsidiaries Supreme Ventures Racing and Entertainment Limited and Prime Sports Jamaica saw the launch of fixed odds betting at Caymanas Park...

Finance News
Betclic drives third-quarter revenue for FL Entertainment

FL Entertainment’s third-quarter revenue was €2,713m, up +15.0% on a reported basis and +12.0% at constant exchange rates. Adjusted EBITDA €446m, up +17.5% versus 9M 2021, leading to 40bp margin...

Finance News
Americans gamble more than half a trillion dollars Illegally each year

Americans gamble an estimated $511 billion each year with illegal and unregulated sportsbooks, iGaming websites and so-called “skill games,” according to a new report from the American Gaming Association. This illegal wagering...

Finance News