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Industry
April 21, 2023
Funanga Expands to North America via Now Prepay Partnership
Funanga is a fast-growing, Berlin-based instant cash payment services provider, delivering convenient solutions for online payment providers. The company has been continuously expanding its global reach and earlier this week celebrated its launch in North America. The provider unveiled a new deal with Payment Source’s Now Prepay, effectively expanding its services to Canada. The launch […]
Business
April 21, 2023
Ontario’s Online Gambling Industry Enjoys Stellar Growth in Its First Year
The first year of operations for Ontario’s gambling market put the Canadian province among one of North America’s leading jurisdictions. Online sports betting and iGaming exceeded expectations thanks to the local regulator’s efforts to foster a diverse and flowing ecosystem promoting healthy competition. The region’s strict rules have proven that responsible gaming measures and financial […]
Industry
April 20, 2023
Denmark Allocates Funds for Combating Gambling Harm
Denmark has a concerning gambling problem. The country, which has a population of 5.85 million, has a whopping 500,000 people suffering from gambling problems. This figure was reported by Rambøll last year, as commissioned by the Gambling Authority. The harm rates have more than doubled since 2016, sparking concerns about the future of the country. […]
Business
April 20, 2023
LVS Q1 Results Skyrocket as Asian Markets Rebound
Las Vegas Sands posted its financial results for the first quarter of the year, highlighting a robust recovery in Macau and Singapore. The leading integrated resort developer reported impressive revenues from its Asian operations. LVS reported Q1 net revenue of $2.12 billion which is over two times higher than the figure recorded in Q1 2022. […]
Industry
April 20, 2023
IGT and L&W Represent a Golden Opportunity for Investors
Over the last few years, a notable increase in the cost of living was observed. Contrary to popular belief, many investors actually make money during a recession which is why investments continue to be popular. The gambling sector is one vertical for investors, but lottery and gaming-related businesses can also bring benefits for investors, a […]
Industry
April 18, 2023
New Research Pegs the Cost of Problem Gambling in the UK to £1.40B Each Year
The research focused on the fiscal costs associated with problem gambling, contrasting previous work in that field. NIESR’s findings questioned the long-term financial benefits of gambling as opposed to its substantial societal burdens. The Institute recommended further research to elaborate on these early findings and develop a comprehensive picture of the UK’s gambling ecosystem. Hundreds […]
Business
April 18, 2023
Entain Posts Strong First Quarter Results with Revenue Up 22%
The global sports betting, entertainment and gaming group, Entain, released its latest trading update, outlining a strong performance of the company for the first quarter of 2023. The group released its report for the trading period between January 1 and March 31, 2023, pointing to a significant growth in net gaming revenue (NGR), complemented by […]
Business
April 14, 2023
Lottomatica Prepares for IPO, Targets $467M
Apollo Global, an American global private equity firm, has confirmed its IPO plans for the Lottomatica division, saying that it plans to have it go public on the Euronext Milan exchange by the end of April. The IPO is expected to help Lottomatica reduce its debt. According to the announcement, the IPO will consist of […]
Business
April 14, 2023
888’s FY 2022 Report Reveals Mixed Results, Management Remains Optimistic
888 Holdings’ FY22 results and Q1 2023 trading update showed strong performance in key verticals, but UK and Middle East compliance issues dampened performance in these jurisdictions. The William Hill acquisition was a significant investment that had a transformative effect on the group, substantially improving its 2023 prospects. Overall, 888’s leadership stood by its earlier […]
Industry
April 14, 2023
NCPG Awards Spring Grants to Five Organizations
The National Council on Problem Gambling has announced the recipients of its Spring Agility Grants. As noted by the company, it will provide $193,000 in funding to five gambling harm relief organizations. Agility Grants is a strategic initiative that seeks to back nonprofits, providing them with much-needed funding to prevent problem gambling. The grants help […]
