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Business
March 22, 2024
Gambling.com Posts FY 2023 Results & FY 2024 Guidance
Gambling.com Group, a provider of high-performance digital marketing services for the iGaming industry, has posted its Q4 and FY 2023 results. In addition to that, the company updated its guidance for 2024. In Q4 2023, Gambling.com recorded revenue of $32.5 million, up from $21.3 million in Q4 2022. The company also reported quarterly adjusted EBITDA […]
Business
March 22, 2024
Nevada Fines Riverside Casino for Excessive Use of Force by Security Staff
The Nevada Gaming Commission has issued a fine of $500,000 to Riverside Resort & Casino for two cases of excessive use of force by the Laughlin property’s security staff. Most of the people involved in the violence have been since fired. As outlined in a complaint filed by the casino, the first case occurred in […]
Business
March 22, 2024
Rush Street Reportedly Eyes Sale, Reaches Out to DraftKings
Rush Street Interactive, one of the gaming groups in North America, is reportedly considering a potential sale amid a strategic review of its business. Anonymous sources also told Bloomberg that the operator has contacted a number of influential companies who could be potential buyers, including DraftKings. Rush Street, through its numerous brands, offers casino gaming […]
Business
March 21, 2024
Gambling.com to Acquire XLMedia Betting Assets in $42.5M Deal
Gambling.com Group, an award-winning performance marketing company serving the iGaming industry, has entered into an agreement to acquire XLMedia’s sports betting business in Europe and Canada. The $42.5 million deal comes in the wake of the signing of a new $50 million credit facility with Wells Fargo. Under the deal, Gambling.com will pay a fixed […]
Business
March 21, 2024
Better Collective Execs Enjoy Large Combined Pay Jump in 2023
February has been a busy month for the digital sports media group Better Collective. After finalizing the acquisition of Playmaker Capital and publishing the unaudited FY 2023 report that showcased 2023 as a very strong year, the company announced it was targeting double-digit revenue growth and busy completing a capital raise of around 10% new […]
Business
March 21, 2024
Penta Investments Reportedly Considers Divesting Fortuna Entertainment
Penta Investments, which owns the betting and gaming powerhouse Fortuna Entertainment Group, is reportedly considering selling the operator. According to Reuters, the investment group onboarded JPMorgan to explore a potential sale. Fortuna, which is one of the leading gambling entities in Central and Eastern Europe, could sell for as much as 2 billion Euros, a […]
Business
March 21, 2024
Sportradar Posts Exceptional Q4 and Full Year 2023 Results
The leading global sports technology company, Sportradar, released its latest financial update, uncovering details regarding its performance for the fourth quarter and full year 2023. The company confirmed that its revenue for 2023 hit €877.6 million ($957.3 million) a result that marked a 20% year-over-year increase. The growth was driven primarily by an increase in […]
Business
March 21, 2024
Las Vegas Sands CEO Goldstein Divests $5.2M in Company Shares
Recently, Robert Goldstein, Las Vegas Sands’ chief executive officer (CEO), divested a number of his shares in the company. The sale involved 100,000 shares of Class A common stock in the Las Vegas Sands, a Form 144 filing with the Securities and Exchange Commission (SEC) reveals. The SEC filing confirms that the 100,000 shares have […]
Business
March 21, 2024
Star’s Special Manager Is Being Paid $1M a Year, Report Says
Nicholas Weeks, the government-appointed special manager of Star Entertainment’s business is being paid almost $1 million a year for his work at the company’s Sydney casino, the Financial Review reported. Considering that Weeks is also responsible for overseeing the group’s casino in Queensland, his salary might be well over what Star CEO Robbie Cooke gets. […]
Business
March 21, 2024
ZEAL Reports Strong FY 2023 Figures despite Weak Jackpot Environment
ZEAL Network, Germany’s leading provider of online lottery products, has published its FY 2023 report, once again demonstrating the strength of its business. The company expanded its position as a market leader despite Germany’s harsh regulations. According to ZEAL’s report, billings in the lottery sector increased to EUR 843.3 million ($920.6 million). Revenue, on the […]
