Posts From: November 2022

MaximBet pulling out of US Sports Betting

MaximBet has shuttered operations, becoming the latest U.S. sportsbook to shutter its business in the face of mounting costs. The gaming operator, owned by Carousel Group in partnership with Maxim magazine, said in...

Finance News
Americans expected to place a record $1.8bn on this year’s World Cup tournament

20.5 million American adults (8%) plan to bet a total of $1.8 billion on the 2022 FIFA World Cup™, according to the American Gaming Association’s (AGA) inaugural survey on World Cup wagering....

Finance News
GAN reports flat third-quarter revenues  

GAN today reported its unaudited financial results for the quarter ended September 30, 2022. Total revenue of $32.1 million was relatively flat compared to the prior year quarter. B2B revenues increased...

Finance News
LeoVegas rocked by allegations of insider trading

According to news group Aftonbladet a LeoVegas employee is said to have leaked information about MGM’s billion bid, which enabled people to earn millions from the subsequent price rush. The...

Finance News
New York surpasses $500 million in sports betting tax revenue

New York’s mobile sports betting industry isn’t just proving its backers correct. It has outperformed every other state in the country, even those that have been operating for several years...

Finance News
British racing’s leaders agree on new governance structure for the sport to deliver unity and strategic leadership

British racing’s leaders have today agreed upon a new governance structure for the sport, which will allow for the development and implementation of a new industry strategy to secure racing’s...

Finance News
Revenue soars at NeoGames following Aspire Global acquisition

NeoGames announced today financial results for the third quarter ended September 30, 2022, the first full quarter after the completion of the Aspire Global combination. The total of Revenues and...

Finance News
Wynn shares fall following third-quarter revenue slump

Wynn’s operating revenues were $889.7 million for the third quarter of 2022, a decrease of $104.9 million, from $994.6 million for the third quarter of 2021. Net loss attributable to...

Finance News
Light & Wonder records 20% Q3 revenue rise 

Light & Wonder on Wednesday reported revenues of $648 million for the quarter ended September 2022 up 20.2%. Overall, the company delivered on its strategic initiatives and balance sheet transformation...

Finance News
Flutter upgrades US revenue guidance after strong third-quarter

Flutter Entertainment said Wednesday that it was upgrading its 2022 guidance for U.S. revenue after strong growth in the country and that group revenue for the third-quarter rose 22%.  The...

Finance News