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Business
February 23, 2023
The Star Reports Loss in H1 FY23, Plans to Raise Equity
Australian entertainment and gambling company The Star Entertainment Group released its H1 FY23 results acknowledging net loss and plans for equity raising. The company’s gross revenue for the period was AU$1.01 billion ($689.1 million), while normalized EBITDA was AU$200 million ($136.4 million) and net profit was AU$44 million ($30 million) for the six months until […]
Business
February 22, 2023
Kambi Group Delivers Impressive 2022 Financial Results
Kambi’s Q4 2022 report reveals growth across all key verticals after the hugely successful World Cup. Solid financials, many new partnerships, and expanding growth opportunities provide the company with a solid jump-off point to tackle 2023’s challenges and take the first steps towards its goal of €50 billion gross gaming revenue (GGR) by 2027. The […]
Business
February 22, 2023
Raketech Posts Spectacular Q4 Results, Will Focus on Key Products in 2023
Raketech published its financial results for the final quarter of 2022, highlighting its performance. The company experienced good organic growth and recorded record-breaking revenues. Revenues for the period sat at $16.7 million (converted to USD) thanks to the performance of Raketech’s core portfolio of affiliation marketing. Revenues from the United States increased to $2.45 million, […]
Business
February 22, 2023
Better Collective Surpassed 2022 Targets, Hopes to Do Even Better in 2023
Better Collective has published its interim report for Q4 2022. In the period between October 1 and December 31, the company’s metrics rose across the board, contributing to the record-breaking results it already expected. In Q4 2022, the company’s revenue reached around $91.6 million (converted to USD), which represents a growth of 63% year-on-year. Recurring […]
Business
February 22, 2023
Caesars Posts Strong Fourth Quarter and 2022 Results
In its latest trading update released Tuesday, the company revealed that its net revenues for the period between January and December 2022 hit $10.8 billion. When compared to the $9.6 billion reported for the corresponding period in 2021, this result marked a strong increase. Judging by the recent report, Caesars’ net loss in 2022 was […]
Business
February 22, 2023
Catena Remains Confident in North America as FY2022 Proves Strong
The company, which is a leader in the affiliate iGaming and sports betting market, offered a detailed breakdown both of its Q4 and FY2022 results. Some of the highlights enumerated by the company included a revenue increase of 31% in the last three months of the year, driven by online sports betting launches in Maryland. […]
Casino
February 21, 2023
Morgan Stanley: Macau 2023 GGR and EBITDA Revised Upwards
Gambling industry analysts at Morgan Stanley believe that gambling in Macau is on the way to recovering, raising its gross gambling revenue (GGR) estimate for 2023 by 42% and 2023 EBITDA estimate by 70%. Better Product Mix, Higher Margins According to the note released by Morgan Stanley on Monday, the gambling industry in the Special […]
Business
February 21, 2023
Following Stellar Results, Tabcorp Aims for Higher Digital Market Share
This was revealed by Tabcorp in connection with the announcement of the company’s half-year results for the 6 months ending on December 31, 2022. Despite Strong Competition Tabcorp Held Its Digital Market Share The company reported a 1H2023 group statutory net profit after tax (NPAT) of AUD 52 million ($35.8 million), up 11% from the […]
Business
February 20, 2023
EEG to Sell Bethard as It Continues Paying Off Debts
Esports Entertainment Group (EEG) has announced that it will be selling its Bethard online gambling brand. The buyer will pay a total of $10.14 million (converted to USD from Euro) for the Malta and Sweden-licensed brand. As announced, the sale sum will be comprised of $1.76 million of cash on closing and $6.94 million of […]
Business
February 20, 2023
Pennsylvania Gaming Revenue Soars by 18% To $464.5M in January
On Friday, the regulator unveiled data regarding the financial performance of licensed operators in the state, revealing that the combined total revenue from all forms of gambling, including fantasy contests, last month hit $464,488,191. When compared to the corresponding period in 2022 when the revenue halted at $393 million, this result marked a strong growth […]
