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Gambling News - 'Finance'
Business
May 4, 2023
PENN Entertainment Posts Decent Q1 Results despite Economic Challenges
PENN Entertainment has posted a report on its financial performance in the first quarter of the year, highlighting a modest revenue increase and a substantial net income rise. As reported by the company, its revenues for the period increased by 7% year-on-year to $1.67 billion in Q1, 2023. In addition to that, the company reported […]
Business
May 4, 2023
GiG Maintains 2022’s Momentum with Impressive Q1 Financials
Gaming Innovation Group (GiG) experienced substantial growth across all primary verticals, smashing last year’s results with a 49% increase in revenue from 2021. The stellar financial results place the company in the perfect position to pursue its long-term strategy and consolidate its presence in its most profitable markets. Revenues Are Up across the Board As […]
Sports
May 4, 2023
Morgan Stanley: Top Five Sportsbook Operators to Grow via Acquisitions
After expressing their belief that gambling in Macau is on the right track for recovery thanks to optimistic 2023 estimates, gambling experts at Morgan Stanley have made fresh speculation on the rising number of sportsbook-related deals that will be sealed in 2023 and beyond. In a note issued to their clients, the analysts working for […]
Business
May 4, 2023
Codere Posts Strong Full Year 2022 Financial Results
The leading multinational gambling operator, Grupo Codere, released its latest trading update Thursday. The company confirmed it enjoyed strong growth in 2022, impacted positively by lifting COVID-related restrictions. As with most entertainment and gambling operators, 2021 wasn’t the best year. This was the period after nearly a full year of the COVID-19 pandemic so there […]
Business
May 4, 2023
EveryMatrix Enjoys Stellar 2023 Start with Strong Q1 Results
The provider of iGaming software, content, solutions and services for sports betting and online gambling operators, EveryMatrix, released its latest trading update, revealing data regarding its performance for the first quarter of 2023. The new figures show that between January 1 and March 31, 2023, the company has seen a strong financial performance that marked […]
Business
May 4, 2023
Rush Street Interactive Reports 20% Revenue Growth for Q1 2023
The company reported revenue of $162.4 million in Q1 2023, a 20% increase from the same period in the previous year. Additionally, the net loss for Q1 2023 was $24.5 million, a significant improvement from the $52.3 million net loss in Q1 2022. Adjusted EBITDA loss for Q1 2023 was $8.7 million, an improvement from […]
Business
May 3, 2023
Caesars Publishes Q1 Report, Seeks to Reduce Outstanding Debt
Caesars Entertainment has published its Q1 2023 report, highlighting its financial performance during the period. The company recorded rising net revenues, while net losses continued to decrease. In Q1 2023, Caesars saw its quarterly revenues rise to $2.8 billion, representing an increase of 23.7% from Q1 2022’s results. Meanwhile, the company’s net losses decreased as […]
Business
May 3, 2023
Flutter Posts Strong First Quarter Results with Revenue Up 54%
The international sports betting and gambling company, Flutter Entertainment, released a new trading update, outlining its performance for the first quarter of 2023. Judging by the preliminary figures revealing the performance for the three-month period ended March 31, 2023, the company has seen strong growth in revenue as well as an increase in its number […]
Business
May 3, 2023
Kambi Group Secures Independence and Bolsters Capital Flexibility
Kambi’s impressive 2022 financials have given the group sufficient leeway to sort out its capital and achieve improved flexibility, aiding its objectives and providing additional shareholder value. The two recent measures should make the company significantly more attractive to investors and enable it to pursue its goals on its own terms. The Company Secured Its […]
Business
May 2, 2023
Betty.ca Secures Funding in a HappyHour-led Round
HappyHour.io, a gaming investor, unveiled an investment in Betty.ca, an Ontarian online casino brand. Betty will use the money to consolidate its presence in its home market and further expand its footprint in North America. HappyHour explained that it decided to support the casino company because of its unique positioning, proprietary platform and experience management. […]