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Business
May 3, 2024
Games Global Announces Milestone IPO Amidst Growth Ambitions
Isle of Man-based gambling software company Games Global Ltd. is gearing up for its US initial public offering (IPO) with ambitious plans to raise approximately $254 million. The company plans to list on the New York Stock Exchange under the symbol GGL, with underwriters including J.P. Morgan, Jefferies, Macquarie Capital, and Barclays. The Move Reflects […]
Business
May 3, 2024
DraftKings Reports Impressive Q1 2024 Financials, Raises Guidance
DraftKings Inc. has announced its financial results for the first quarter of 2024, posting robust revenue growth and providing an optimistic outlook for the rest of the year. The company also shared updates on its business performance and strategic prospects as it hopes to further capitalize on the spread of regulated sports betting and iGaming […]
Business
May 2, 2024
Caesars’ Revenues Decline in Q1 Despite Increase in iGaming Win
Gambling juggernaut Caesars Entertainment has published its quarterly report for the three months ended March 31, highlighting a slight decline in revenue amid an increase in net loss. Despite the setbacks, the company remains in a strong financial position. Caesars posted net revenue of $2.7 billion for the three-month period. This figure represents a slight […]
Business
May 2, 2024
Entain Listed among Top Tech Employers in the UK by LinkedIn
The globally recognizable gaming and entertainment company, formerly known as GVC Holdings, Entain, was recognized by the popular business and employment-focused media platform, LinkedIn. Last week, the business platform released its inaugural LinkedIn Top Companies 2024 tech list, highlighting the top 10 best workplaces in the UK. The latest list, compiled by LinkedIn, included a […]
Business
May 2, 2024
Rush Street’s Q1 Report Highlights Improved Revenue and Reduction in Losses
Rush Street Interactive (RSI), a leading American online casino and sports betting company, has published its quarterly report for the period ended March 31. The company reported a significant increase in revenue and significantly narrowed its losses. For context, Rush Street reported Q1 revenue of $217 million, up 34% year-on-year from the $162.4 million reported […]
Business
May 2, 2024
Bally’s Q1 Financials: Losses Offset Favorable Revenue
Bally’s Corporation has published its Q1 results, reporting what CEO Robeson Reeves called a “solid start” to the year. Unfortunately, the favorable performance across several segments was offset by a loss of $173.9 million, triggering a decline in the company’s share price. For Q1, Bally’s reported company-wide revenue of $618.5 million, representing an increase of […]
Business
May 2, 2024
Online Gambling GGY in UK Rises in Latest Quarter but Retail Slows
The gambling regulator in the UK, the Gambling Commission, published its most recent data, uncovering insights regarding the number of bets, revenue and performance of the market for quarter 4 of the financial year 2023 to 2024, or the period between January and March. The latest data was compared year-over-year to quarter 4 of 2022 […]
Business
May 2, 2024
MGM Resorts Posts Record-Breaking Q1 Results, Eyes New Opportunities
MGM Resorts has published a record-breaking quarterly report, highlighting a significant increase in revenue. The company attributed the positive results to its diverse assets. For context, MGM’s net revenues for the period reached a whopping $4.4 billion, representing an increase of 13% year-on-year. According to CEO Bill Hornbuckle, this stellar figure was underpinned by the […]
Business
May 2, 2024
Bally’s to Open Chicago Casino on Time, Doesn’t Plan to Rush Tropicana’s Redevelopment
Bally’s Corporation, which just posted its Q1 results, commented on its plans for the future. According to the company, its permanent Chicago casino should welcome its first guests by Q3 2026, despite the struggles. In the meantime, Bally’s will not rush the redevelopment of the Tropicana site. The gambling company addressed these issues during its […]
Business
May 2, 2024
NGCB Backs Entain and Accel for Full License Despite Past Challenges
Two leading gaming companies were recommended for full licenses in Nevada, amid their ongoing efforts toward compliance, dedication to strictly following the gambling regulations and effectively collaborating with gambling regulators. Although the two companies, Entain and Accel Entertainment, were previously under scrutiny due to issues related to compliance, both secured a recommendation for a full […]
