Posts From: March 2023

DraftKings CEO Jason Robins’s pay packet more than triples to nearly $50 million

DraftKings reported $1.38 billion in losses in 2022, narrower than the $1.52 billion it lost the year before, while revenue grew 73% to $2.24 billion.  The stock (DKNG) plunged 58.5%...

Finance News
BtoBet launches latest betting focus industry report

Leading sportsbook supplier BtoBet has published its latest Industry Report in the betting focus series, with the report focusing on the market’s growth since it was regulated in 2016 and...

Finance News
Flutter receives shareholder support for US listing 

The group, which owns Paddy Power, Betfair, and Sky Bet, announced last month that it would float the possibility of a New York listing with shareholders, given the importance of...

Finance News
Entain agrees new media rights and distribution deal with TAB NZ

As a statutory entity and the sole holder of a betting licence in New Zealand, TAB NZ is committed to materially boosting the fortunes of racing and sport, delivering a...

Finance News
888 remains in line with guidance

888 Holdings confirmed trading has remained consistent with the update given in January ahead of the release of full-year numbers on 14 April 2023. The owner of William Hill and Mr...

Finance News
Allied Gaming reports fourth quarter revenue jump of 28%

Allied Gaming & Entertainment a global experiential entertainment company, today announced financial results for the fourth quarter and full year ended December 31, 2022. Revenues: Total revenues of $6.4 million...

Finance News
Arkansas sports betting revenue up 25%

Arkansas legalized mobile sports betting on July 1, 2019. This means it is now possible to play college sports betting, MLB sports betting, and NBA sports betting in the state....

Finance News
STS profits on record revenue performance

The STS Group one of the largest bookmakers in Central Europe and the market leader in Poland – recorded consolidated revenue of PLN 579 million €123m in 2022, compared to...

Finance News
Better Collective acquisitions drive Q4 revenue

Better Collective’s 2022 revenue and EBITDA grew significantly, fueled by the big single standing events meaning performance broke all records. In January, the state of New York launched sports betting....

Finance News
Flutter’s online brands rake in over £250m during Cheltenham Festival

Last week’s Cheltenham Festival saw Flutter’s three flagship UK&I brands – Sky Betting & Gaming, Paddy Power and Betfair – take in well over £250m in stakes and execute around...

Finance News