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Business
February 17, 2023
DraftKings CEO Hails Strong 2022 and Predicts Stronger 2023
In a letter to DraftKings’ shareholders, the CEO and co-founder acknowledged that the company enjoyed a stellar 2022. He pointed out that for the fiscal year 2022, DraftKings’ revenue hit $2.2 billion. This result represented a significant 73% year-over-year increase. What’s more, the revenue result even surpassed the expectations of $1.85 billion to $2 billion […]
Industry
February 15, 2023
Detroit Casinos See Betting Decline, Gaming Revenue Soar
The gambling regulator in the state, the Michigan Gaming Control Board (MGCB), announced that the three casinos in Detroit reported a total of $103.5 million in monthly aggregate revenue last month. This result, when compared to the $100.9 million reported for the corresponding period in 2022 marked a slight increase of less than 3%. Further […]
Business
February 15, 2023
Monarch Casino & Resort Posts Strong Q4 and 2022 Results
The company posted its results for 2022 Tuesday, reporting a 20.9% increase in revenue to $477.9 million. This marked a strong performance throughout 2022, considering that in 2021, the operator’s net revenue halted at $395.4 million. A further breakdown revealed that adjusted EBITDA in 2022 hit $167.1 million. This result, when compared to adjusted EBITDA […]
Business
February 15, 2023
FDJ Posts Impressive FY22 Results, Improves FY23 Guidance
La Française des Jeux, one of the biggest gambling and lottery companies in France, has published its results for FY 2022. The company’s metrics continued to improve across the board, leading to an enhanced FY 2023 guidance. FDJ reported that its revenue rose by 9% in 2022 to $2.64 billion. The company successfully recovered from […]
Business
February 15, 2023
GiG Posts Stellar Performance in Q4 2022
The company’s chief executive, Richard Brown hailed what he saw as very strong growth for the Group’s revenues and EBITDA which increased by 44% and 71% respectively. The company presented a further breakdown of some of the main milestones achieved in the three-month period that ended on December 31. Record Performance for GiG’s Assets For […]
Casino
February 14, 2023
iCasino Startup Betty Raised $5m in Latest Seed Round
Betty, a new iGaming startup sitting at the intersection of online casino and casual mobile gaming, announced its latest seed round led by Karlani Capital has raised $5 million, attracting interest from a number of investment funds. Online Slot Players in the Focus The new funding round for the American-Bulgarian real-money entertainment startup saw interest […]
Business
February 14, 2023
Betsson Reveals Q4 and 2022 Results Reporting Strong Growth
In its latest trading update, the company revealed that group revenue in 2022 hit €777.2 million ($835.5 million). This result, when compared to the corresponding period in 2021 marked an increase of 18%, while organic growth was 27%, explained Betsson. EBITDA for 2022 was €172.4 million ($185.4 million) marking an increase of 11%, while the […]
Casino
February 14, 2023
Bally’s Corporation Reports Preliminary Results for Q4 and 2022
The preliminary results took a look at both the fourth quarter and the full year. In terms of four-quarter performance, the company posted revenue of $576.7 million, but net loss amounted to $476.8 million, the company said in the update shared with media late on Monday. Fourth Quarter Sees “Unacceptable” Interactive Division Performance Adjusted EBITDA […]
Industry
February 13, 2023
NorthStar Gaming Received Playtech Investment of C$12.25m
Canadian sports betting company NorthStar Gaming announced it has received a strategic investment of C$12.25 million ($9.19 million) from Playtech by way of a convertible debenture loan. Accelerate Growth, Expand User Base The funds provided by Playtech completed the concurrent financing NorthStar Gaming needs in connection with its reverse takeover of Baden Resources. Once the […]
Business
February 13, 2023
Preliminary Results Predict 1% Revenue Drop for The Star in H1 FY23
The operator released its unaudited results for H1 FY23, revealing strong performance but an overall drop in revenue. The Star explained that for H1 FY23, the domestic revenue of The Star Gold Coast increased by 30% when compared to the corresponding period pre-COVID or H1, FY19. This result marked an achievement for the company as […]
