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Business
May 22, 2024
Better Collective Reports Robust Q1 Performance amidst Strategic Expansion
Better Collective, a leading sports betting media group, has reported robust performance in the first quarter of 2024, with significant growth in revenue and strategic acquisitions driving the company’s success. The recent acquisition of AceOdds and the following share buyback program further cement Better Collective’s commitment to diversifying its business and future-proofing its operations. Most […]
Business
May 22, 2024
Playtech Posts Trading Update, Caliplay Fees Remain Uncollected
Playtech has published а trading update for the period from January 1 to April 30, reporting a solid trading performance and robust underlying trends. The company’s successes, however, were partly offset by the customer-friendly sporting results, the report noted. In the four-month period outlined in the update, Playtech’s B2B division recorded strong performance thanks to […]
Business
May 21, 2024
Allwyn Publishes Preliminary Unaudited Q1 Update
Allwyn has published a Q1 trading update, outlining certain preliminary figures. The announcement coincided with the launch of an offering of a USD-denominated Term Loan B in the principal amount of $450 million. The current update came ahead of the announcement of the company’s unaudited Q1 results which is set to take place on June […]
Business
May 21, 2024
Entain Concludes Strategic Review, Eyes Crystalbet Sale
Entain, a global sports betting and gaming giant, announced that its board’s Capital Allocation Committee (CapCo) has concluded its strategic review. The company had tasked the CapCo with creating a value optimization plan in January, asking it to thoroughly evaluate its business, markets, brands and verticals. After carefully considering various opportunities, the committee concluded that […]
Business
May 21, 2024
Macau Casinos Poised to Beat Las Vegas Rivals, Analyst Says
The performance of hotel-casino operators in Macau was significantly impacted due to the global pandemic a few years ago. While operators in the special administrative region (SAR) are yet to surpass 2019 figures, certainly, the removal of pandemic-related restrictions and the uptick in traveling has been beneficial for the sector. This growth of Macau casino […]
Business
May 20, 2024
Historic Sports Betting Week for New York and DraftKings
The second week of May proved to be a busy period for licensed sports betting operators in New York, data released by the gambling regulator, the New York Gaming Commission, reveals. Besides a busy period, the week that ended May 12 enabled DraftKings to set a new weekly revenue record. Previously, FanDuel held the revenue […]
Business
May 20, 2024
PointsBet Updates Its FY 2024 EBITDA Guidance
PointsBet Holdings, a corporate ASX-listed bookmaker, has published a new update, drastically improving its EBITDA guidance. The announcement comes amid strong year-to-date trading and increased operational efficiency and productivity, the company announced. As announced by PointsBet, the operator now expects normalized EBITDA loss for the fiscal year to be in the range of AUD 4 […]
Business
May 20, 2024
Hard Rock Eyes Acquisition of Star Entertainment
Star Entertainment, one of the largest gambling operators in Australia, was tangled into a prolonged investigation over alleged breaches related to anti-money laundering rules, among other issues. Amid the regulatory hurdle, the operator remains subject to scrutiny. Government-appointed managers seek to ensure compliance of the operator’s casinos, while back in March, the company announced leadership […]
Business
May 17, 2024
FanDuel Dominates US Market Share in April, JMP Confirms
There are two leading betting and gaming operators that compete for the top spot across the United States. An overwhelming majority of nearly 40 US states offer some form of betting and competition between FanDuel and DraftKings for the top spot has never been greater. Cumulatively, the duo holds a significant share of approximately 80% […]
Business
May 17, 2024
XLMedia’s FY 2023 Results Decrease amid Internal Restructuring
Sports and gaming digital media company XLMedia has published its audited results for FY 2023, outlining significant declines across the board. Key highlights included revenue of $50.3 million, down 29% year-on-year. For comparison, the company’s revenue for FY 2022 stood at $70.9 million. The decline in revenue resulted in a 26% decrease in gross profit […]
