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Business
March 14, 2022
Genius Sports’ Revenue for Q4 2021 Up a Massive 79% Despite Huge Net Losses
Despite its skyrocketing Q4 2021 net losses, innovative sports, and technology company Genius Sports managed to grow its revenue by almost 79%, reaching $84 million. The upcoming two years are looking bright for the company with profitability on the horizon, according to the company’s fourth-quarter earnings call. Genius Sports Recorded $262.7 Million in Full Year […]
Industry
March 9, 2022
888 Eyes Long-Term Sustainable Growth with Record 2021 Revenue
888 Holdings released today its audited full year 2021 financial results posting record revenue and EBITDA and growth across all key metrics. Key Performance Metrics The Gibraltar-based gambling group registered $980.1 million in full-year 2021 revenue, up 15% on $849.7 million in 2020, with B2C operations across both core and growing markets being the main […]
Business
March 3, 2022
Bet365 CEO Coates Banked £300M Despite Pay and Dividend Cuts
Bet365, an online gambling brand operating out of Stoke-on-Trent in the UK, announced broadly flat revenues for the financial year ended March 28, 2021, yet its founder and co-chief executive officer Denise Coates reportedly took home nearly £300 million ($400 million). Highest Paid Director 54-year-old Coates was paid a £250 million ($333 million) salary and […]
Business
March 3, 2022
Entain Sees Online Growth Sustain FY2021 Results, Retail Returns in 2022
Entain Plc has been looking at a strong 2021 for a while now, but the final results are in and the brand whose digital transformation has been presided over by chief executive Jette Nygaard-Andersen has tapped into a resilient and unshakable source of strong financial performance. The company took a hit in its retail results […]
Business
March 3, 2022
Morgan Stanley Optimistic about DraftKings’ Stock Despite Short-Term Losses
A recent Morgan Stanley analyst note is bullish on the potential of the DraftKings stock as gaming shares are a hotly debated topic in investment circles. Some have advised that more consolidation of the sector would be needed before any real gains can be realized. Yet, the outlook from Morgan Stanley for the fantasy and […]
Casino
March 2, 2022
Scientific Games Rebrands to Light & Wonder amid Q42021 Results
Scientific Games has become the latest company to undergo a name change in a bid to better reflect on the expanding horizons of the gaming and entertainment industries. Moving forward, Scientific Games will be known as Light & Wonder and it will come with the company’s broader reorientation towards the digital segment. Strong Quarterly Results […]
Industry
February 28, 2022
EEG’s Fiscal Q2 Defined by Revenue Growth and Negative EBITDA
Esports and online gambling company Esports Entertainment Group (EEG) released its financial results for the second fiscal quarter ended December 31, 2021, posting double-digit growth in revenue. Platform Building and Strategic Acquisitions The fiscal second-quarter report revealed revenue at the New Jersey-based EEG jumped 18.85% year-over-year to $14.5 million, up from $12.2 million in the […]
Business
February 24, 2022
CDI Posted Strong Fourth Quarter and Full Year 2021 Growth
Churchill Downs Incorporated (CDI) announced its fourth-quarter and full-year ended December 31, 2021, financial results posting solid growth year-over-year. Key Financial Metrics Casino and horse racing operator CDI posted Q4 2021 net income of $43.3 million, up 153% on $17.1 million registered in Q4 2020. The net income figure was derived from fourth-quarter revenue of […]
Industry
February 23, 2022
EveryMatrix Reported Strong Q4 and Full-Year 2021 Growth
B2B provider of online casino gaming technology, content and services EveryMatrix released today its fourth quarter and full-year 2021 financial report, posting strong financial performance. Profit and EBITDA Growth The leading supplier to the online gaming industry posted a gross profit of €13.9 million ($15.8 million) for the fourth quarter and €51.5 million ($58.5 million) […]
Business
February 23, 2022
Esports Entertainment Reports First Revenue Decline in Over a Year
The full-service online gaming and esports company that specializes in the full spectrum of betting and gambling at all levels Esports Entertainment Group (EEG) made its financial results for the fiscal 2022 second quarter available to the public. The period that ended December 31 reflects a plethora of different challenges that the group could not […]