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Business
May 8, 2024
Elys Signs Agreement to Sell the Newgioco Brand
Elys BMG Group, a gambling operator and provider, announced its intention to sell its Italy-facing B2C subsidiary Multigioco. The latter company, which operates the Italian gambling site Newgioco, will be sold to a buyer that Elys refrained from naming. Multigioco is based in Rome and, through its Newgioco site, offers gaming to Italian audiences. While […]
Business
May 7, 2024
Kambi Repurchases 55K Shares as Part of Its Buyback Program
Kambi Group, a provider of premium sports betting services to licensed B2C gaming operators, announced that it has completed the repurchase of tens of thousands of shares. This move aligns with the company’s share buyback program approved during the extraordinary general meeting on June 19, 2023. According to the announcement, the company has repurchased a […]
Business
May 7, 2024
GiG Posts Q1 Financials, Says Its Ready for Its Business Split
Gaming Innovation Group, a leading iGaming technology company, providing solutions, products and services to iGaming operators, has published its Q1 results, reporting all-time-high revenues and confirming its readiness to split its business. For context, the GiG Media division reported revenues of EUR 28 million ($30.2 million), representing a new record. This figure marks a 52% […]
Business
May 7, 2024
888 Continues Deleveraging, Refinances £450M of Debt
International gambling giant 888 announced the successful pricing of £400 million senior secured notes. The move, which will mark 888 Acquisitions Limited’s debut issuance into the GBP debt capital market, is expected to be completed on May 9. According to 888, the offering of the notes will be exempt from the usual registrations requirements outlined […]
Business
May 7, 2024
Catena Media Reports Underperformance Amid Management Changes
The performance-based online marketing company that caters to the iGaming and betting sectors, Catena Media, released its latest financial report Tuesday. The company disclosed its interim report covering the period between January and March 2024, revealing unsatisfactory results, pointing to year-over-year decreases in a number of operating segments. Per Catena’s new report, revenue from continuing […]
Casino
May 7, 2024
April Was a Suboptimal Month for Maryland’s Casinos
The revenue generated by Maryland’s casino operators has experienced a significant decline, according to the latest report. As it turns out, the state’s six casinos generated approximately $163.2 million in revenue from table games and slots – a figure that represents a decrease of $11.6 million year-on-year. The gaming industry’s contributions to the state reflected […]
Business
May 3, 2024
DraftKings Reports Impressive Q1 2024 Financials, Raises Guidance
DraftKings Inc. has announced its financial results for the first quarter of 2024, posting robust revenue growth and providing an optimistic outlook for the rest of the year. The company also shared updates on its business performance and strategic prospects as it hopes to further capitalize on the spread of regulated sports betting and iGaming […]
Business
May 2, 2024
Caesars’ Revenues Decline in Q1 Despite Increase in iGaming Win
Gambling juggernaut Caesars Entertainment has published its quarterly report for the three months ended March 31, highlighting a slight decline in revenue amid an increase in net loss. Despite the setbacks, the company remains in a strong financial position. Caesars posted net revenue of $2.7 billion for the three-month period. This figure represents a slight […]
Industry
May 2, 2024
MGM Management Shares Insights on Long-Term Strategy
During a recent earnings call, MGM management discussed long-term strategy, focusing on various aspects, including the development of BetMGM, expansion into new markets, and growth projections. The company hopes to leverage its record-breaking Q1 results to bolster expansion, consolidate its position in core markets, and achieve lasting success. MGM Is Optimistic regarding Its International Operations […]
Business
May 2, 2024
Rush Street’s Q1 Report Highlights Improved Revenue and Reduction in Losses
Rush Street Interactive (RSI), a leading American online casino and sports betting company, has published its quarterly report for the period ended March 31. The company reported a significant increase in revenue and significantly narrowed its losses. For context, Rush Street reported Q1 revenue of $217 million, up 34% year-on-year from the $162.4 million reported […]
