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Business
March 30, 2023
Kambi Reports Growth in 2022, Continues to Expand Product Reach
The premium provider of sports betting services to licensed business-to-customer gambling operators, Kambi, released its latest annual financial report, outlining the company’s performance in 2022, highlighting important achievements and outlining plans for the future. Released Thursday, the new report shows that Kambi’s revenue in 2022 hit €166.0 million ($181 million). This result, when compared to […]
Business
March 30, 2023
In 2022 DraftKings Spent $2M on Security, Airplane Costs for CEO
A recently-published Schedule 14A filing with the Securities and Exchange Commission (SEC) reveals financial data about DraftKings’ co-founder and CEO, Jason Robins’, expenses. The financial document points out that DraftKings spent nearly $2 million on airplane and security costs for Robins throughout 2022. Moreover, the CEO and co-founder also had some $131,607 expenses attributable to […]
Industry
March 30, 2023
The UK Cost-of-Living Crisis Magnifies the Country’s Gambling Harm Woes
As the recent record-breaking William Hill fine once again brings gambling harm into the limelight, GamCare shared a detailed analysis revealing that not all is good in the island nation. The charity shared a recent YouGov survey outlining how price hikes and rising inflation sometimes forced individuals to gamble to afford necessities. Problem gamblers suffered […]
Business
March 29, 2023
Nevada Gambling Operators Post 11% Revenue Increase in February
The gambling regulator in Nevada, the Nevada Gaming Control Board (NGCB), released its latest report outlining the performance of nonrestricted gambling licensees last month. The gambling watchdog revealed that the total gaming win in February this year hit $1.24 billion. This result, when compared to the corresponding period in 2022 marked an increase of 11.15%. […]
Business
March 23, 2023
Affiliate Gambling.com Publishes Unaudited Q4 2022 Results
Gambling.com Group, a provider of iGaming digital marketing services, has posted its unaudited financial results for the fourth quarter of 2022. The company’s revenue skyrocketed and so did its net income. Gambling.com reported $21.3 million for the period, representing a stellar 107% year-on-year increase from Q4 2021’s $10.3 million. Net income increased to $4.4 million, […]
Business
March 23, 2023
Better Collective Highlights 2022 Achievements in a New Report
The leading digital sports media group, Better Collective, released Thursday its 2022 annual report. The company highlighted strategic achievements and significant growth within regulated markets it has seen last year. At the same time, the new report hinted plans for further expansion and financial targets for the future. In 2022, Better Collective enjoyed strong growth […]
Casino
March 21, 2023
Dream Las Vegas Construction Stalls as Developers Run Out of Funds
Shopoff Realty Investments, one of the companies behind the project, is confident that the planned hotel is promising enough to draw additional investors. Rising inflation and other economic pressures almost doubled the construction costs, and the funding-related delays may push back the planned late 2024 launch. Despite ongoing difficulties, the developers remain optimistic and will […]
Business
March 17, 2023
Gambling Revenue in New Jersey Increases by 10.4% In February
The gambling regulator in New Jersey, the Division of Gaming Enforcement (DGE), released its latest report outlining the performance of racetracks, casinos and their partners during February 2023. Overall, the gaming revenue reported by the gambling operators and their partners last month hit $412.2 million. This result, when compared to the $373.3 million reported for […]
Business
March 16, 2023
Commercial Gaming Revenue up by 21% In January, Says AGA
The US gambling industry trade group, the American Gaming Association (AGA), announced Wednesday new data regarding the revenue reported by the commercial gambling sector in the country, acknowledging a strong start to the year. Judging by the new data, the US commercial gaming revenue, which includes iGaming, land-based and sports betting revenue hit $5.50 billion […]
Industry
March 15, 2023
Sportradar’s Q4 Performance Contributed to Strong 2022 Growth
Global sports data and technology company Sportradar Group AG announced its fourth-quarter and full-year 2022 financial results, posting revenue growth and a full-year profit decrease. Fourth-Quarter Results For the three months ended December 31, 2022, Sportradar reported revenue of €206.3 million ($220.7 million), up 35% year-over-year, of which 51% came from the Rest of the […]
