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Business
February 24, 2023
RWLV Posts Strong Q4 Results, Hopes to Bolster Visitation
Resorts World Las Vegas, a casino and hospitality venue owned by Genting Berhad, has recorded record-breaking revenue for Q4 2022. Despite the favorable figures, experts believe that figures could have been even better if not for the various headwinds in 2022. As reported by Genting Berhad, the property saw revenue reach $227 million during the […]
Business
February 22, 2023
Kambi Group Delivers Impressive 2022 Financial Results
Kambi’s Q4 2022 report reveals growth across all key verticals after the hugely successful World Cup. Solid financials, many new partnerships, and expanding growth opportunities provide the company with a solid jump-off point to tackle 2023’s challenges and take the first steps towards its goal of €50 billion gross gaming revenue (GGR) by 2027. The […]
Business
February 22, 2023
Raketech Posts Spectacular Q4 Results, Will Focus on Key Products in 2023
Raketech published its financial results for the final quarter of 2022, highlighting its performance. The company experienced good organic growth and recorded record-breaking revenues. Revenues for the period sat at $16.7 million (converted to USD) thanks to the performance of Raketech’s core portfolio of affiliation marketing. Revenues from the United States increased to $2.45 million, […]
Business
February 22, 2023
Better Collective Surpassed 2022 Targets, Hopes to Do Even Better in 2023
Better Collective has published its interim report for Q4 2022. In the period between October 1 and December 31, the company’s metrics rose across the board, contributing to the record-breaking results it already expected. In Q4 2022, the company’s revenue reached around $91.6 million (converted to USD), which represents a growth of 63% year-on-year. Recurring […]
Business
February 21, 2023
Following Stellar Results, Tabcorp Aims for Higher Digital Market Share
This was revealed by Tabcorp in connection with the announcement of the company’s half-year results for the 6 months ending on December 31, 2022. Despite Strong Competition Tabcorp Held Its Digital Market Share The company reported a 1H2023 group statutory net profit after tax (NPAT) of AUD 52 million ($35.8 million), up 11% from the […]
Industry
February 20, 2023
Entain Board down Two Members as Non-executive Directors Resign
The two non-executive directors’ resignations are effective on 17 February 2023. Gregory and Jarman joined the operator in 2021, and both are highly-skilled professionals with years of relevant experience. They departed from Entain on a high note, as the company announced impressive growth during its 2022 financial report. Their time with the operator should add […]
Business
February 20, 2023
EEG to Sell Bethard as It Continues Paying Off Debts
Esports Entertainment Group (EEG) has announced that it will be selling its Bethard online gambling brand. The buyer will pay a total of $10.14 million (converted to USD from Euro) for the Malta and Sweden-licensed brand. As announced, the sale sum will be comprised of $1.76 million of cash on closing and $6.94 million of […]
Business
February 15, 2023
FDJ Posts Impressive FY22 Results, Improves FY23 Guidance
La Française des Jeux, one of the biggest gambling and lottery companies in France, has published its results for FY 2022. The company’s metrics continued to improve across the board, leading to an enhanced FY 2023 guidance. FDJ reported that its revenue rose by 9% in 2022 to $2.64 billion. The company successfully recovered from […]
Business
February 15, 2023
Genting Casino Nottingham Closes Permanently
Genting Casino Nottingham will be closing its doors, its managers announced. As reported by the Nottingham Post, the decision was prompted by “commercial considerations” and follows a month-long consultation process with the casino staff. Since Genting Casinos has a policy of caring for its employees, it made sure to consult its staff. As noted by […]
Business
February 8, 2023
Red Rock Resorts Post Favorable FY 2022 Results, Vows to Remain Disciplined
Red Rock Resorts just published its financial results for Q4 2022, demonstrating mixed results. Despite the headwinds in Q4, the company’s annual results were positive, inspiring confidence in the business. As reported by the operator, it recorded net revenue of $425.5 million in Q4, which represents a slight 0.7% year-on-year increase. Net income, however, declined […]
