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Business
August 31, 2023
Gambling Sector in Nevada Posts Gaming Win Increase in July
The regulator in charge of gambling activities in Nevada, the Nevada Gaming Control Board (NGCB), released Wednesday its latest report, revealing details regarding the performance of nonrestricted gaming locations for July. Judging by the latest figures, the total gaming win, posted by nonrestricted gaming licensees last month marked strong growth, hitting $1.4 billion. This result, […]
Business
August 30, 2023
Star Entertainment Has Implemented 22 of the 30 Bell Review Recommendations
Star Entertainment, an Australian casino & hospitality giant, continues to implement its remediation plans, improving its practices in the wake of regulatory hurdles. As outlined in a report by NSW’s Minister for Gaming and Racing, David Harris, the company has now implemented more than two-thirds of the Bell Review recommendations. In September 2021, NSW’s regulator […]
Business
August 30, 2023
EveryMatrix Enjoys Exceptional Second Quarter with Strong Results
The business-to-business (B2B) iGaming technology provider, EveryMatrix, released its second quarter results, posting the seventh consecutive record quarter with an increase in profit margin and revenue. The latest financial update reveals that the company’s net revenue in Q2 this year hit €27 million ($29.4 million), marking a year-over-year growth of 82%. Similarly, EveryMatrix’s EBITDA for […]
Business
August 30, 2023
Veikkaus Records €519.3M in Revenue for H1 2023, Embraces Licensing Model
Veikkaus, the state-owned gambling monopoly of Finland, has reported steady growth in its interim financial report for the first half of the year, while also reaffirming its support for transitioning to a licensing model for gambling. Eurojackpot’s Success Fuels 20.8% Rise in Revenue Veikkaus’s revenue for the period from January to June reached €519.3 million […]
Business
August 30, 2023
Bally’s Gains Access to White Hat’s PAM for the Market in Ohio
White Hat Gaming, the fast-growing provider of leading iGaming platforms and solutions, powering the online gambling sector, announced that its market-leading player account management (PAM) platform launched with Bally’s Corporation in Ohio. Announced Wednesday, the latest launch marks the first step of Bally’s plan for expanding the reach of its sportsbook. The duo’s initial business-to-business […]
Business
August 30, 2023
Spinomenal Supplies Games to Spanish Powerhouse Lowen Play
A few days after injecting its games into NetBet, Spinomenal, a leading provider of online casino content, has further strengthened its reach with another Europe-facing deal. As announced, the supplier will roll out a selection of its best games within the regulated Spanish iGaming market through a deal with Lowen Play, a big local operator. […]
Business
August 29, 2023
Rivalry Publishes Q2 Results, Reports Spectacular Growth
Esports betting specialist Rivalry has published its Q2 2023 report, highlighting another favorable quarter. The gaming and sports betting operator reported a spectacular increase in handle and updated its guidance. Rivalry reported record-breaking Q2 revenue of roughly $6.4 million (converted to USD from CAD). This represents a remarkable 60% increase from Q2 2022, demonstrating the […]
Business
August 29, 2023
PointsBet to Return Millions to Shareholders Following the Sale of Its US Arm
PointsBet will return millions to its shareholders following the sale of its US business to Fanatics Betting and Gaming. This was confirmed during the company’s latest extraordinary general meeting. PointsBet agreed to divest its US assets on June 30, selling its American operations of $225 million. The transaction is intended to take place over a […]
Business
August 29, 2023
Sporttrade Expands in the US, Launches in Colorado
Sporttrade, a Philadelphia-based sports betting operator, has forayed into Colorado, its second state. Players in the Centennial State can now try out the company’s exceptional and differentiated sports betting products. Marketed as a fairer operator than its competitors, Sporttrade continues to demonstrate impressive growth. The launch in Colorado, a state known for its passionate bettors, […]
Business
August 29, 2023
The Star Posts FY23 Results, Sees Net Loss of AU$2.44bn
The Australian gambling and entertainment company, The Star, released its FY23 financial report, revealing a normalized EBITDA and significant statutory loss for the period. The report emerged Tuesday and sees the company post a statutory net loss of AU$2.44 billion ($1.57 billion). At the same time, the latest financial report reveals that normalized EBITDA hit […]
