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Business
May 22, 2024
Better Collective Reports Robust Q1 Performance amidst Strategic Expansion
Better Collective, a leading sports betting media group, has reported robust performance in the first quarter of 2024, with significant growth in revenue and strategic acquisitions driving the company’s success. The recent acquisition of AceOdds and the following share buyback program further cement Better Collective’s commitment to diversifying its business and future-proofing its operations. Most […]
Business
May 22, 2024
Playtech Posts Trading Update, Caliplay Fees Remain Uncollected
Playtech has published а trading update for the period from January 1 to April 30, reporting a solid trading performance and robust underlying trends. The company’s successes, however, were partly offset by the customer-friendly sporting results, the report noted. In the four-month period outlined in the update, Playtech’s B2B division recorded strong performance thanks to […]
Industry
May 21, 2024
BGC’s Levy Payments to HBLB Increase for the Third Year in a Row
Britain’s Betting and Gaming Council announced that its members are expected to contribute a record £105 million ($133.6 million) in levy payments to the Horserace Betting Levy Board (HBLB) for last year. This figure would mark an increase of £5 million and is notably the third consecutive year of year-on-year increase. For context, the BGC’s […]
Business
May 21, 2024
Macau Casinos Poised to Beat Las Vegas Rivals, Analyst Says
The performance of hotel-casino operators in Macau was significantly impacted due to the global pandemic a few years ago. While operators in the special administrative region (SAR) are yet to surpass 2019 figures, certainly, the removal of pandemic-related restrictions and the uptick in traveling has been beneficial for the sector. This growth of Macau casino […]
Industry
May 21, 2024
Bet365 Experiences a Rollercoaster Weekend
Bet365, one of the world’s leading online gambling companies, has declared that its customers “had the last laugh” after Manchester City clinched the Premier League title in a weekend packed with sports action. The final day of the 2023/24 Premier League season saw all favorites win, leading to the company giving out significant payouts. Soccer […]
Business
May 20, 2024
Historic Sports Betting Week for New York and DraftKings
The second week of May proved to be a busy period for licensed sports betting operators in New York, data released by the gambling regulator, the New York Gaming Commission, reveals. Besides a busy period, the week that ended May 12 enabled DraftKings to set a new weekly revenue record. Previously, FanDuel held the revenue […]
Business
May 20, 2024
PointsBet Updates Its FY 2024 EBITDA Guidance
PointsBet Holdings, a corporate ASX-listed bookmaker, has published a new update, drastically improving its EBITDA guidance. The announcement comes amid strong year-to-date trading and increased operational efficiency and productivity, the company announced. As announced by PointsBet, the operator now expects normalized EBITDA loss for the fiscal year to be in the range of AUD 4 […]
Business
May 17, 2024
FanDuel Dominates US Market Share in April, JMP Confirms
There are two leading betting and gaming operators that compete for the top spot across the United States. An overwhelming majority of nearly 40 US states offer some form of betting and competition between FanDuel and DraftKings for the top spot has never been greater. Cumulatively, the duo holds a significant share of approximately 80% […]
Business
May 17, 2024
XLMedia’s FY 2023 Results Decrease amid Internal Restructuring
Sports and gaming digital media company XLMedia has published its audited results for FY 2023, outlining significant declines across the board. Key highlights included revenue of $50.3 million, down 29% year-on-year. For comparison, the company’s revenue for FY 2022 stood at $70.9 million. The decline in revenue resulted in a 26% decrease in gross profit […]
Business
May 17, 2024
Gambling.com Group Posts Impressive Q1 Results, Updates Outlook
Gambling.com Group, a provider of digital marketing services to partners within the online gaming industry, has published its financial report for the period ended March 31, 2024. The quarter saw many of the company’s metrics increase, sparking confidence in its ability to generate revenue. Speaking of revenue, the company reported $29.2 million in revenue for […]
