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Business
September 22, 2021
FanDuel and Minute Media Continue Their Robust Partnership
Media and tech brand Minute Media announced it has raised “tens of millions of dollars” in a funding round that was never announced publically. Sports betting operator FanDuel was among the biggest investors, according to an interview between Minute Media’s chief executive officer Asaf Peled and Axios. FanDuel and Minute Media Continue Their Work Together […]
Sports
September 20, 2021
Sleeper Raises $40M in Funding Round, Posts Strong User Base Growth
Fantasy sports group Sleeper has raised $40 million in fresh funding on the tail of a strong user base growth over the past several months. The round reunited a number of prominent investors who have come to back the platform once again. Sports Personalities Rally Behind Sleeper Yet Again Among those were popular names such […]
Business
August 27, 2021
NASDAQ-Listed Gambling.com Group Released First Public Report
Gambling.com Group, which recently listed on the NASDAQ exchange, released its second quarter operating and financial results for the three months ended June 30, 2021, posting $10.4 million in revenue. Gambling.com Sees Revenue Growth The first public report of the provider of marketing services for the online gambling industry since its listing on the NASDAQ […]
Sports
August 24, 2021
Chalkline’s Series A Funding Yields $2.7M
Chalkline announced the end of its Series A financing. The business-to-business sports betting customer acquisition and retention platform revealed that the funding round had yielded about $2,7 million. The Successful Round Will Drive Chalkline Forward The funding round was led by venture capital firm Parlay Capital Holdings and Patrick Conroy. As a result, Parlay Capital Holdings’ chief executive officer, Greg Buonocore, and […]
Casino
August 24, 2021
New Jersey AC’s Casinos Post One of Strongest Q2s
Casinos in New Jersey have posted one of their strongest second-quarter results in recent years. Demand for in-person gambling has outstripped interest in interactive gaming. Atlantic City Casinos Post Strong Results amid Rapid Recovery New Jersey is on the rebound, with Atlantic City’s casinos clocking in a strong second-quarter this year. Business has been recovering […]
Industry
July 22, 2021
Betsson Revealed All-Time High Profit in Q2 2021 Update
Swedish gambling operator Betsson AB published an interim report for the period April-June 2021, posting quarterly all-time high profit driven by its scalable business model. Growth in Revenue Continues Betsson revealed that the group’s first-quarter momentum continued, as revenue for the 3-month period ended June 30 was SEK1.752 billion ($210.2 million), an increase of 14% […]
Business
July 22, 2021
Las Vegas Sands’ Q2 2021 Report Painted Slow Recovery
Global land-based casino operator Las Vegas Sands (LVS) released its financial results for the quarter ended June 30, 2021, posting an operating loss for the quarter. Slow Pace of Recovery Las Vegas Sands revealed net revenue in the second quarter amounted to $1.17 billion, which compared to the $62 million the world’s leading developer of […]
Business
July 21, 2021
Evolution Posted Exceptional Second Quarter and H1 Growth
Gambling technology supplier Evolution released today an interim first half-year update, posting more than double operating profits as the industry continues to accelerate. Second Quarter Summary The company revealed revenues in the second quarter of 2021 reached €256.7 million ($320 million), an increase of 100% from the €128.3 million ($151 million) posted in the respective […]
Industry
July 12, 2021
Oregon June Sports Betting Posted Double-Digit Revenue Growth
Sports betting revenue in Oregon was on the rise in June, the monthly report released by the Oregon Lottery revealed. The state posted a double-digit increase in revenue on a sequential base. Steady Revenue Growth The Scoreboard, a sports betting product powered by Boston-based sportsbook and industry technology supplier DraftKings and run by the Oregon […]
Business
July 12, 2021
Betfred Reports Profitability Despite the Pandemic
Betfred reports profitability for 2020, despite the COVID-19 pandemic and the hardships it had along the way. Betfred Records Profit in Its Annual Report Betfred, a bookmaker based in the UK, has reported profitability despite the COVID-19 pandemic, thanks to HM Revenue & Customs (HMRC). Betfred’s annual report for the year to September 27, 2020, […]