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Business
March 8, 2024
Veikkaus Posts 2023 Results in Line with Expectations
The Finnish state-owned and monopoly operator, Veikkaus, released its latest financial report, uncovering details regarding its performance throughout 2023. Overall, Veikkaus Group’s sales revenue last year halted at €1.03 billion ($1.13 billion). This result, compared to the 2022 figure, showed a slight 3.5% decrease year-over-year. On the other hand, profits for the fiscal year reported […]
Business
March 8, 2024
Danske Spil Posts FY 2023 Results, Highlights 6% Increase in Net Income
Danske Spil, Denmark’s state-owned lottery and betting operator, has published its FY 2023 results, reporting a slight increase in overall revenue. Data shows that the company’s lottery businesses fared well but the casino and sports betting businesses experienced a decline. Revenue in 2023 reached DKK 5.04 billion ($0.74 billion), up from DKK 4.98 billion in […]
Business
March 8, 2024
Caesars Extends Its Long-Term Deal with the NHL
American gaming and betting veteran Caesars Entertainment announced the renewal of its US-facing partnership with the National Hockey League (NHL). As a result, the operator will continue serving as the league’s official sports betting and gaming partner. The extended partnership will also, for the first time, provide Caesars Digital with access to NHL-owned intellectual property, […]
Business
March 8, 2024
FanDuel Unveils New Tie-Up & Donations for Problem Gambling Awareness Month
FanDuel, a North American iGaming leader, unveiled several initiatives in support of Problem Gambling Awareness Month. In addition to announcing a new mental health-oriented tie-up, the company vowed to donate $300,000 to charity causes. FanDuel Joins Forces with Kindbridge Behavioral Health The operator said that it will be teaming up with Kindbridge Behavioral Health, a […]
Business
March 8, 2024
Betr Raises $15M to Drive Expansion in Sports Gaming and Media
Betr Holdings, Inc., a prominent player in the sports gaming and media industry, has recently secured $15 million in strategic equity financing, marking a significant milestone in its journey to accelerate growth across various divisions. Betr Holdings Raises $100M in total, Valued at $375M This financing, obtained from a premier group of investors, brings Betr’s […]
Business
March 7, 2024
Super Group Reports Best Q4 in History in 2023, Shares Jump
The NYSE-listed international digital gaming company that offers first-class entertainment to the betting and gaming world, Super Group, has announced its financial reports for the full year 2023 and the fourth quarter of 2023. With a guidance-exceeding record revenue of €1.4 billion ($1.52 billion) for 2023 and the highest total revenue registered during a fourth […]
Business
March 7, 2024
Entain Reports Favorable FY 2023 Results Despite Setbacks
Global betting and gaming powerhouse Entain has published its FY 2023 report, highlighting favorable results across the board despite the recent decline in share price. As reported by the company, its total group net gaming revenue increased by 14% to £4.83 billion. Entain emphasized that 100% of its revenue came from regulated or regulating markets. […]
Business
March 7, 2024
Betsson Launches Namesake Brand in Italy
Betsson, an international gambling operator, announced the launch of its flagship brand in Italy. Described as a “strategic move,” the launch will solidify the company’s presence in the country and cement it as a “preeminent global brand.” Betsson is no stranger to the Italian market. The operator has, for over a decade, operated the renowned […]
Business
March 7, 2024
Genius Sports Publishes FY 2023 Financials, Exceeds Expectations Once Again
Genius Sports, a leading data, technology and broadcast partner to the global ecosystem connecting sports, betting and media, has published its results for 2023. The year ended December 31, 2023, was very positive to the company, leading to growth across the board. Genius Sports’ financial metrics increases substantially, with the 2023 group revenue reaching $413 […]
Business
March 6, 2024
Imperial Pacific International Offers License Transfer amidst Legal Uncertainties
Imperial Pacific International (IPI), the once illustrious Saipan casino operator, proposed transferring its casino license to a new investor as part of a new settlement agreement, petitioning the Commonwealth Casino Commission (CCC) to consider its offering. This move aims to avoid the revocation of its license but has caused heated debates among industry stakeholders. IPI […]
