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Business
July 15, 2022
Jackpot Cycle Makes Jumbo Predict 27.1% Revenue Growth for 2022
Australia lottery retailer Jumbo Interactive has predicted a 27.1% year-on-year revenue growth for the fiscal year 2022. The company also foresees its total revenue for the first half of the year ending on June 30 to go to AUS$103.8 million ($69.8 million). The number signals a 32.75% growth from $81.7 million ($55.2 million) in 2021. […]
Business
July 13, 2022
Sports Tech Company Cipher Secures $5 Million Series A Funding
Australian sports betting startup Cipher Sports Technology Group raised $ 5 million in a Series A round. The company competes in the B2B and B2C space and focuses on predictive analytic betting products, machine learning, and sports media. Cipher will use the newly acquired funding to expand its US business. Cipher Sports Technology Group launched […]
Casino
July 13, 2022
GameOn Secures $550,000 Loan from Proje
Canada-based web3 game technology company GameOn Entertainment Technologies Inc. has announced that it is signing a loan agreement with venture capital company Proje Ventures for the amount of $550,000. Loan to Be Used as Working Capital In a press release, GameOn has informed that the loan is going to go towards general working capital. The […]
Business
July 12, 2022
PlayUp To Undergo Strategic Review, Selling the Business Is an Option
PlayUp, a leading online gambling and betting operator, has announced that it will consider numerous alternatives in its strategic review, with one alternative being selling the business. The review was initiated by the company’s board of directors and Innovation Capital LLC is the review’s financial advisor. PlayUp Is Currently on a Mission to Expand in […]
Industry
July 11, 2022
Sports Bets Marketplace WagerWire Closed $3m Funding Round
WagerWire, a marketplace empowering sports bettors to trade with their active wagers, announced yesterday the close of a $3 million seed funding round led by Miami Marlins and Leeds United FC co-owner Roger Ehrenberg. Flipping Bets Like Buying and Selling Stock The innovative marketplace allows sports bettors to buy and sell already placed wagers across […]
Business
July 8, 2022
Everi Holdings Generates 70% of Revenue from Recurring Business
Everi Holdings Inc is doing well insofar as its business and finances go. This is the memo that brokerage firm B. Riley Securities Inc. issued on Wednesday, commenting on the company’s financial standing, future prospects, and current business operations. Everi, the memo read, is able to generate 70% of its revenue and its EBITDA from […]
Casino
July 8, 2022
Maryland Casinos Posted $162.7m, Surpassed $2B Mark in FY2022
The Maryland Lottery and Gaming Control Agency released Wednesday its June casino gaming report to reveal that the state’s six privately owned casinos did not have the best of a month in June but managed to complete fiscal 2022 with a bang. Surpassing Significant Milestone Maryland casinos generated revenues of $162.7 million in June to […]
Business
July 7, 2022
Entain on Track to Hit $1.3B in NGR in 2022 Despite Online Slowdown
Entain has issued its latest trading update covering the period from April 1 through June 30, 2022. The company has also summed up the results from the first half-year or H1, covering the period from January 1 through June 30, 2022. The report highlights a snipper of the current group’s net gaming revenue and how […]
Industry
July 2, 2022
Betfred’s 2021 Profit Decimated by Betting Shop Closures
Betfred Group Limited filed its annual report and consolidated financial statements for the period ended September 26, 2021, to reveal the significant impact of the coronavirus-related closures on its betting shops. Key Performance Indicators For the 12 months ended September 26, 2021, Betfred generated £6,999 billion ($8,398 billion) in amounts wagered to register an increase […]
Industry
July 1, 2022
Increased Foot Traffic in May Could Not Help TAB NZ Meet Budget
New Zealand betting services provider TAB NZ released today its tenth monthly trading update for the 2021/22 financial year covering the performance in May 2022. Financial Performance Indicators TAB NZ failed to meet its turnover budget targets in May despite the slight ease of the impact of the current coronavirus outbreak which resulted in increased […]
