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Business
July 4, 2024
William Hill Reports Strong Financials Despite Challenging Market Conditions
In its annual financial report for the fiscal year ending on December 31, 2023, William Hill presented a strong financial performance, which showed resilience and strategic progress in the market. William Hill Reports Slightly Lower 2023 Earnings, But Sees Growth in Key Areas William Hill’s earnings for 2023 were £1.2 billion ($1.5 billion), slightly down […]
Industry
July 3, 2024
US iGaming Revenues Grow as States Report Favorable May Figures
Gambling companies in the seven states where iGaming is legal have generated a total of $634.8 million in GGR for May, highlighting the industry’s growth. The reported figure marks an increase of 27.6% from May 2023. May 2024 was notably the second most profitable month in the history of US iGaming, second only to March […]
Business
July 3, 2024
EBET Likely to Close as It Prepares to Sell Its Brands via Auction
EBET is preparing to shut down and sell its brands, marking the end of an era. Unfortunately, the company failed to navigate the highly competitive iGaming market and defaulted on debt owed to its creditors. In June 2023, EBET defaulted on the debt it owed to CP BF Lending. Despite attempting to cut costs, reduce […]
Business
July 1, 2024
Analyst Bullish on MGM’s Potential Online Gambling Expansion
A few years ago, in 2022, MGM Resorts International announced the acquisition of LeoVegas, a leading sportsbook brand with a growing presence. Last week, the company confirmed its plans to acquire Tipico’s US platform in order to strengthen LeoVegas’ presence in the country, paving the way for its further growth and expansion. Although financial details […]
Industry
June 28, 2024
Tribal Gaming Soars to New Heights with Record Revenues
A recent landmark announcement at the Wisconsin Gaming Regulators Association Summer Conference in Green Bay, Wisconsin, saw National Indian Gaming Commission (NIGC) acting chairwoman Sharon M. Avery and vice-chair Jeannie Hovland reveal that the gaming revenue for fiscal year (FY) 2023 has reached an all-time high. These results mark a positive trend for the sector, […]
Business
June 28, 2024
Nevada Gambling Operators Post Revenue Record in May
May marked an incredibly busy month for gambling operators across Nevada and Las Vegas in particular. Newly released data from the state gambling regulator, the Nevada Gaming Control Board (NGCB), reveals that nonrestricted gaming licensees reported a gaming win of $1.32 billion last month. The result marked a new May record for the state and […]
Business
June 27, 2024
New York Casino Bidder Vows $250M Community Investment
With three new downstate casino licenses up for grabs in New York, competition is fierce. So far, several recognizable gambling and entertainment operators have shown interest in developing a casino. Companies interested in submitting a license bid can do so by July 31, 2024, while the three new licenses are expected to receive approval by […]
Business
June 26, 2024
MGM Resorts, LVS and Wynn Highlighted in Goldman Sacks’ Sharpe Ratio Picks
Three leading gaming companies made it to the “high Sharpe Ratio” basket comprised by the leading global investment banking, securities and investment management firm, Goldman Sachs. Investors with the firm recently rebalanced the aforementioned basket, as announced in a report released by Seeking Alpha. Currently, the high Sharpe Ratio basket helps identify 50 S&P 500 […]
Business
June 21, 2024
Catena Media Expects Q2 Revenue Drop Because of Google Changes
At the start of May, affiliate business with a presence across multiple geographical markets, Catena Media, published its first quarter results for 2024, signaling suboptimal results. The serious drop across the board was tied to the poor execution of the business strategy, as well as Google’s recent changes. In similar news, the company that operates […]
Business
June 21, 2024
JP Morgan Highlights DraftKings’ Growth Prospects
Across the United States, DraftKings currently holds a leadership role in a number of markets. As one of the two major operators in the country that hold an overwhelming majority of the market share, the company constantly grows its presence and customer base. This ongoing growth did not go unnoticed with one industry expert confirming […]
