Posts From: November 2022

Flutter expect World Cup stakes to reach over £300m

As the 2022 FIFA World Cup is set to kick off this weekend with hosts Qatar taking on Ecuador, Flutter can confirm the event is set to be the most...

Finance News
Allwyn secures €1.6bn loan facility

Allwyn has entered into a new €1.6bn Senior Facilities Agreement with a syndicate of international banks. Lenders under the Senior Facilities Agreement have committed to provide funding to Allwyn International...

Finance News
Catena Media posts 11% revenue rise in North America 

Catena Media’s revenue rose 11 percent in the fast-growing North American market in Q3, led by the launch of licensed online sports betting in Kansas and a strong NFL season...

Finance News
Better Collective shares jump after strong third-quarter results

Better Collective has reported revenue €60m for the final quarter of 2022. Financial targets are maintained despite a larger estimated impact from moving to revenue share in the US. Revenue share...

Finance News
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