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Business
July 24, 2024
Kambi Posts Favorable Q2 Metrics, Driven by Busy Sports Season
Kambi Group has published its financial report for the second quarter of the year, reporting a slight increase to €45.7 million ($49.6 million). The 3% increase in turnover would have stood at 20% instead if not considering the impact of the Penn online migration. Operating profit for the period, on the other hand, reached €6.2 […]
Business
July 24, 2024
AI-Powered Start-Up PlayAIO Secures Milestone Investment
In a milestone event, data-driven AI start-up PlayAIO raised significant funding from Astralis Capital via its fund, Astralis Fund I. Equally important, it is the first time this company has entered a new gaming incubation strategy, underlining the substantial potential of PlayAIO. With more promising start-ups embracing AI technology, the gambling sector may soon enter […]
Business
July 23, 2024
DraftKings Prepares to Launch Sports Betting in Washington DC
DraftKings confirmed its intention to tackle Washington DC’s refreshed betting market. The American betting giant announced that it plans to launch its cutting-edge online sportsbook in the US capital, pending licensure and regulatory approvals. DraftKings Joined Forces with DC United to Launch in DC The arrival comes in the wake of an agreement with DC […]
Business
July 23, 2024
EveryMatrix’s Q2 Report Highlights Record Quarterly Profit Margin
Leading iGaming tech supplier EveryMatrix has posted its Q2 results, reporting its highest-ever quarterly profit margin. The tier-1 provider announced that its revenue for the period stood at EUR 42.4 million ($46 million) across all products, marking and increase of 57% year-on-year. In addition, the company set an all-time-high profit margin of 59%. According to […]
Business
July 23, 2024
Musburger Media Confirms Purchase of VSiN from DraftKings
Earlier this month, Eilers & Krejcik Gaming suggested that Brent Musburger, the founder of The Sports Betting Network, VSiN, may be purchasing the media from the leading betting and gaming giant, DraftKings. The betting operator bought the multi-platform broadcast and content company back in March 2021 in a deal for $70 million. Now, Musburger Media […]
Business
July 22, 2024
Entain Appoints Gavin Isaacs as New Chief Executive Officer
Entain plc, one of the largest sports betting and gaming groups in the world built on proprietary technology, has announced the appointment of Gavin Isaacs as its new chief executive officer. Isaacs, who is currently taking on a non-executive director position at Games Global Limited, will bring his two and a half decades of experience […]
Business
July 22, 2024
Elon Musk’s X Teams Up with Genius Sports for New Ads Tool
In anticipation of a summer filled with significant sporting events like the Olympic and Paralympic Games, X (formerly Twitter) has partnered with Genius Sports to launch an innovative advertising tool called Trend Genius. The product uses live conversations on X to maximize ad spending during periods of peak engagement. Genius Sports and X Launch Trend […]
Business
July 19, 2024
Evolution Reports Mixed Q2 Results Amidst Strategic Shift
Live casino giant Evolution has reported mixed results for Q2 2024, reflecting high growth in its live segment but slow performance in its RNG division. Despite rising investor uncertainty following the report, Evolution CEO Martin Carlesund remained optimistic, highlighting several positive developments that should lead to long-term gains and cement the company’s leadership position. Many […]
Business
July 19, 2024
Massive IT Outage Impacts Gambling Operators across the Globe
A number of industries were affected by a global technical issue on Friday. The tech outage impacted banks, hospitals, airlines and even the gambling sector. Media reports confirmed that the technological outage follows an update by CrowdStrike that resulted in issues for Microsoft users. The massive technology problem caused issues for companies across Europe, Asia, […]
Business
July 19, 2024
Betsson Reports Solid Q2 Results, Enjoys Boost from Sports Events
Betsson AB, the growing gambling operator with a strong presence across the globe, released its latest financial update, highlighting strong performance throughout the second quarter. The latest update comes on the heels of the stellar first quarter results reported by the company earlier this year. Continuing this positive trend, Betsson acknowledged that its interim Q2 […]
