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Business
February 7, 2023
Bet-at-Home Completes the Transition to EveryMatrix’s Sportsbook Platform
Bet-at-home and EveryMatrix have solidified their existing partnership as the developer’s OddsMatrix solution goes live across all MGA-regulated markets, with a German launch soon to follow. EveryMatrix’s software suite offers various innovative features, promising to boost revenue and efficiency. The mutually beneficial agreement allows Bet-at-home to downsize its team, freeing up more resources to focus […]
Business
February 3, 2023
Penn Entertainment Q4 Revenue Remains Stable despite Negative Factors
The company’s revenue for the quarter reached $1.59 billion, a modest 0.8% year-on-year increase. However, several notable metrics, like earnings per share, fell short of Wall Street’s estimates, while rising interest rates negatively impacted expenses. Despite the stagnating results, Penn Entertainment’s management remained optimistic for 2023, relying on its expansion efforts and strong momentum. Management […]
Business
February 3, 2023
Boyd Gaming Posts Record-Breaking Q4 2022 Results
Boyd Gaming Corporation posted its financial results for the fourth quarter of 2022. As reported by the gaming and hospitality giant, the three months ended December 31 were very successful for the company, as was the entire year. Q4 Saw Boyd Gaming Perform Strongly As announced, Boyd Gaming recorded revenues of $922.9 million in Q4 […]
Business
February 3, 2023
MeridianBet’s Empty Bet Revolutionizes Traditional Betting
The new betting offering called Empty Bet sets MeridianBet Group apart and helps it establish a distinct position in the markets where it operates. MeridianBet’s Empty Bet Offers Unique Features MeridianBet presents a rare betting experience with its innovative product, Empty Bet. It opens the door for patrons to place wagers on any human interaction […]
Business
February 2, 2023
DraftKings Lays Off 3.5% of Its Global Workforce
DraftKings has joined FedEx and Rivian Automotive in announcing job cuts, aligning with a growing trend among US corporations. The company announced the move aims to boost efficiency and will affect about 140 jobs. A Major Portion of the Job Cuts Are in Europe, Asia, and the Middle East The majority of the impacted positions […]
Business
February 2, 2023
Better Collective Buys 5% Stake in Catena Media
The news was reported in a very short press release from Better Collective stating that the company is satisfied with its investment and does not wish to comment on it any further. The Start of a Collaboration Between Fierce Rivals It is interesting to see how the two companies will collaborate. Up to now, they […]
Business
January 31, 2023
PointsBet Posts Impressive Q2 FY23 Results
The global sports betting operator saw metrics increase across the board, with overall handle skyrocketing by 56%. PointsBet Recorded Favorable Financial Results As reported by the Australian company, PointsBet’s sports betting turnover for the final quarter of the year sat at $1.46 billion (in USD), representing a 56% year-on-year increase. Total gross win from the […]
Legal
January 31, 2023
Alabama Electronic Bingo Ban Causes Major Lay-Offs at Victoryland Casino
Al.com reported that this was announced by Dr Lewis Benefield, the casino’s president and a veterinarian based in Montgomery. Victoryland Casino President Hopes Business Will Pick Up with New Horse Racing Machines Despite the setback, Victoryland Casino is seeking to recover by introducing new machines for betting on historical horse races. Additionally, the casino will […]
Business
January 30, 2023
Golden Matrix Posts Favorable FY 2022 Results
The company’s metrics improved across the board with revenues more than tripling. The executives believe that the provider is poised for future growth. Golden Matrix’s Revenues Went Through the Roof As outlined in Golden Matrix’s report, the company’s revenues for the year increased to $36 million, which represents a stellar 219% year-on-year increase from FY […]
Business
January 26, 2023
BetMGM Outperformed in 2022, Preliminary Results Show
The figures, published by Entain which co-owns the brand, are more or less in line with earlier estimates. BetMGM Results Exceed Expectations BetMGM’s revenue for the period was expected to sit at $1.3 billion. The actual number, however, sits more closely to $1.44 million, exceeding earlier expectations. The operator also posted same-state growth in net […]
