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Industry
May 10, 2023
Bragg Posts Record Q1 Results, Maintains Full-Year Guidance
Global B2B online gaming technology supplier, Bragg Gaming Group, released today its financial report for the first business quarter of 2023, posting an impressive performance across all key metrics. Increases across All Key Metrics Bragg Gaming Group posted for the first three months of 2023 revenue of €22.9 million ($25.2 million), up 18.1% from €19.4 […]
Business
May 10, 2023
Sportradar Retains Momentum in Q1 2023 as Net Profit Falls
In its first earnings call for the year, Sportradar registered strong growth across its revenue and adjusted EBITDA metrics. The company ended the three-month period on March 31, 2023, with a strong increase in its quarterly revenue, which was up 24% from the previous quarter, posting €207.6 million ($226.2 million), keeping its momentum from the […]
Sports
May 10, 2023
Genius Sports Beats Expectations in Q1 2023, Raises Guidance for Financial Year
As a result, Genius Sports Limited, which specializes in official data, broadcast, tech solutions, and more, has said that its group revenue hit $97.2 million in the first quarter of the year, up from $92 million, as the company continued to expand. Sustainable and Profitable Growth for Genius Sports in First Quarter The company confirmed […]
Business
May 10, 2023
Wynn Resorts Surpasses $1.4B in Revenues in Q1 2023
The company announced an all-time record for adjusted property earnings during this period and shared positive outlooks for its resorts in both the United States and Macau. Wynn Resorts Experiences Financial Revival in Q1 2023, Resumes Dividend Program Operating revenues for the first quarter of 2023 reached $1.42 billion, representing a significant increase of $470.3 […]
Business
May 10, 2023
Light & Wonder Presents Q1 2023 Results, Talks ASX Listing
As a result, Light & Wonder will now give more serious consideration to whether it should proceed with a secondary equity listing on the Australian Securities Exchange (ASX) after the company secured the backing of its Board. Light & Wonder Mulls Australian Stock Exchange Listing The recent developments come more than two months after the […]
Business
May 9, 2023
New York Mobile Sportsbooks Enjoy Betting Handle Growth in April
The gambling regulator in New York, the New York State Gaming Commission, has announced its latest report, outlining the performance of mobile sports betting operators in April this year. Judging by the latest figures, sportsbooks enjoyed a busy month with mobile betting handle hitting $1.54 billion, marking an increase when compared to the corresponding period […]
Legal
May 8, 2023
Well Fargo Allegedly Knew of Matthew Beasley’s Ponzi Scheme
Last year, Matthew Beasley, a Las Vegas lawyer and sports bettor, came under fire for alleged participation in a $460-500 million Ponzi scheme. Beasley, who refused to cooperate with the police at first, is believed to have been a part of a group that took money from more than 600 investors to live in luxury. […]
Business
May 8, 2023
Churchill Downs Reports Record-Breaking Kentucky Derby Revenues
A few days ago, the 149th Kentucky Derby ended, crowning Mage as the winner. The horse covered the mile and a quarter in 2:01.57, to the surprise of bettors who believed that either Angel of Empire or Forte will be the winner. Mage’s upset of the Kentucky Derby favorites was a major development that ended […]
Legal
May 8, 2023
Colorado House Passes Controversial Gambling Credits Bill
Colorado has introduced a controversial bill to allow casinos to loan money to their players. While some members of the legislature welcomed the proposal, many believe that it will exacerbate harm by allowing players to wager beyond what they can afford. The measure in question, nicknamed SB23-259, seeks to allow casinos to offer credits to […]
Business
May 5, 2023
DraftKings Enjoys 84% Increase in Revenue for Q1 2023
The leading sports betting operator that has a growing presence within the US regulated gambling market, DraftKings, released its latest trading update, outlining details regarding its performance for the first quarter of 2023. Judging by the recent unaudited figures, the company enjoys a stellar start to 2023 with revenue increasing exponentially on a year-over-year basis. […]
