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Business
March 8, 2024
Veikkaus Posts 2023 Results in Line with Expectations
The Finnish state-owned and monopoly operator, Veikkaus, released its latest financial report, uncovering details regarding its performance throughout 2023. Overall, Veikkaus Group’s sales revenue last year halted at €1.03 billion ($1.13 billion). This result, compared to the 2022 figure, showed a slight 3.5% decrease year-over-year. On the other hand, profits for the fiscal year reported […]
Business
March 8, 2024
Danske Spil Posts FY 2023 Results, Highlights 6% Increase in Net Income
Danske Spil, Denmark’s state-owned lottery and betting operator, has published its FY 2023 results, reporting a slight increase in overall revenue. Data shows that the company’s lottery businesses fared well but the casino and sports betting businesses experienced a decline. Revenue in 2023 reached DKK 5.04 billion ($0.74 billion), up from DKK 4.98 billion in […]
Business
March 8, 2024
Betr Raises $15M to Drive Expansion in Sports Gaming and Media
Betr Holdings, Inc., a prominent player in the sports gaming and media industry, has recently secured $15 million in strategic equity financing, marking a significant milestone in its journey to accelerate growth across various divisions. Betr Holdings Raises $100M in total, Valued at $375M This financing, obtained from a premier group of investors, brings Betr’s […]
Business
March 7, 2024
Super Group Reports Best Q4 in History in 2023, Shares Jump
The NYSE-listed international digital gaming company that offers first-class entertainment to the betting and gaming world, Super Group, has announced its financial reports for the full year 2023 and the fourth quarter of 2023. With a guidance-exceeding record revenue of €1.4 billion ($1.52 billion) for 2023 and the highest total revenue registered during a fourth […]
Business
March 7, 2024
Entain Reports Favorable FY 2023 Results Despite Setbacks
Global betting and gaming powerhouse Entain has published its FY 2023 report, highlighting favorable results across the board despite the recent decline in share price. As reported by the company, its total group net gaming revenue increased by 14% to £4.83 billion. Entain emphasized that 100% of its revenue came from regulated or regulating markets. […]
Industry
March 7, 2024
IMF: Macau Economy to Return to Pre-Pandemic Levels in 2025
The International Monetary Fund (IMF) has published its outlook for Macau, projecting further recovery of its casino sector and overall economy. Gambling in the special administrative region was affected negatively by the COVID-19 pandemic and China’s Zero-COVID policy but is now on a firm path to recovery. According to the IMF, the recovering GGR will […]
Business
March 7, 2024
Genius Sports Publishes FY 2023 Financials, Exceeds Expectations Once Again
Genius Sports, a leading data, technology and broadcast partner to the global ecosystem connecting sports, betting and media, has published its results for 2023. The year ended December 31, 2023, was very positive to the company, leading to growth across the board. Genius Sports’ financial metrics increases substantially, with the 2023 group revenue reaching $413 […]
Industry
March 6, 2024
Ohio’s Sports Betting Handle Drops, Revenue Soars in January
The Ohio Casino Control Commission (OCCC) has published a report revealing that sports betting operators generated $113.1 million in January 2024, marking a 45.8% decrease compared to January 2023 and a 30% rise from December 2023’s figure. The Buckeye State’s sports betting market officially opened its gates to the public in January 2023, which is […]
Casino
March 6, 2024
Maryland Lottery and Gaming Posts Casino Financials for February
Maryland Lottery and Gaming published information about the financial performance of the state’s six casinos in February 2024. According to the regulator, revenue remained more or less stable. The authority said that the six casinos have reported a total gaming revenue of $159.22 million for February. This figure represents a modest 1.4% year-on-year increase from […]
Industry
March 6, 2024
Full House Resorts Posts FY 2023 Results, Enters Inflection Point
American casino & hospitality company Full House Resorts unveiled a “new phase” for its business as it published its unaudited Q4 and FY 2023 results. Overall, Full House reported Q4 revenues of $60 million, representing a 66.4% year-on-year increase, primarily driven by its American Place property. Adjusted EBITDA for the period skyrocketed, reaching $7.3 million, […]
