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Industry
February 28, 2024
BetRivers Reinvigorates Delaware’s iGaming Sector
BetRivers, the interactive gaming arm of Rush Street Gaming, has significantly impacted Delaware’s iGaming landscape, with its first full month of operation in January recording a remarkable surge in revenue. The Delaware Lottery welcomed BetRivers in August 2023 as its latest iGaming partner, replacing the decade-long association with 888 Holdings and ushering in a new […]
Industry
February 28, 2024
Spain’s Q4 Gambling Sector Results Reveal a Healthy Industry
Spain’s gaming industry has reported a gross gaming revenue (GGR) of €315.29 million ($341.35 million) for the fourth quarter of 2023, according to the Directorate General for the Regulation of Gambling (DGOJ). The authority closely monitors the state of the market, delivering detailed reports that help shape new regulations. Most sectors experienced growth, indicating a […]
Business
February 27, 2024
ClearStake Bags Seven-Figure Funding Round
London-based financial services firm with a focus on open banking systems, ClearStake, has secured a seven-figure sum from its latest funding round. This means the 2020-founded company that lets players share data in whatever way works for them can start working toward more growth in the future, with special emphasis on scaling its global business […]
Business
February 27, 2024
Playtika Unveils Q4 2023 and Fiscal Year Financials, Showcases Mixed Results
Playtika Holding Corp., a leading Israel-based mobile gaming company, has released its financial results for the fourth quarter and fiscal year ending 31 December 2023. Ongoing instability in Israel and Ukraine impacted the operator’s financials, prompting management to consolidate its position and temporarily halt its expansion plans. However, Playtika’s leadership is confident the company can […]
Business
February 27, 2024
DraftKings’ Resilience Shines Amidst Market Challenges, Signals Growth
In the midst of recent market fluctuations, DraftKings Inc appears to be garnering significant attention from investors eyeing potential opportunities. Despite experiencing a 9.56% decline over the past week, DraftKings stock has remained resilient, prompting experts to consider the current scenario as a potential buying opportunity. DraftKings Rides the Market Fluctuations and Positions Itself for […]
Business
February 26, 2024
PointsBet Posts H1 Results, Records Sharp Net Loss Decrease
PointsBet, which recently posted its Q2 results, has officially posted its H1 results, reporting a significant net loss decrease. The improved results were attributed to the recent sale of PointsBet’s US business to Fanatics Betting and Gaming. As PointsBet continued its business in Australia and Canada, it recorded statutory revenue of AUD 117.9 million ($77.2 […]
Business
February 23, 2024
Melco Resorts CEO Lawrence Ho Exits Hong Kong’s 50 Richest
Lawrence Ho, the founder, chairman, and CEO of Melco Resorts and Entertainment, has lost his position in Hong Kong’s 50 Richest list published by Forbes. The 47-year-old casino magnate and the eldest son of Macau’s late gaming pioneer Stanley Ho had been a regular on the list for the past ten years. However, macroeconomic pressures […]
Business
February 22, 2024
Better Collective’s Impressive Financials Set the Stage for a Successful 2024
Stockholm and Copenhagen-listed media group Better Collective A/S has surpassed its 2023 revenue target despite challenging conditions in the US market during the fourth quarter. While Q4 results saw the company exceed its full-year revenue target of between €315 million ($340.6 million) and €325 million ($351.4 million), shares declined in response to the dip in […]
Business
February 22, 2024
Tabcorp Gains Market Share despite Dip in Revenue for 1H24
Tabcorp, the leading Australian betting giant, released its latest trading update, uncovering insights regarding its performance for the six months ended December 31, 2023. The period, recognized by the company as 1H24, indicated a decrease in revenue and group EBITDA, but highlighted an improving market share trend, pointing to expected strong growth in the near […]
Sports
February 22, 2024
Flutter Donates £400,000 to Community Clubs across UKI
Flutter has reaffirmed its commitment to nurturing sports organizations across the United Kingdom and Ireland by agreeing to provide another £400,000 to local community clubs. This move is a part of the operator’s Cash4Clubs program, which has so far seen Flutter invest some £5 million into community sports. The grassroots sports program will once again […]
