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Business
October 24, 2024
Betsson Posts Strong Q3 Results, Looks Forward to Favorable FY Report
Betsson has published its interim report for the third quarter of the year, posting record-breaking revenue levels ahead of its launch in Brazil’s regulated market. Betsson’s Q3 Was Underpinned by High Activity in Key Markets Betsson reported group revenue of EUR 280.1 million ($302.6 million) for the period, representing an increase of 18% from EUR […]
Business
October 24, 2024
Atlantic Lottery’s Profits Surge Along with Losses to Illegal Gambling
The public-owned corporation and government-regulated provider of gambling and betting products provider, Atlantic Lottery, released its 2023-24 annual financial report, pointing to strong growth and performance. While acknowledging the impressive results achieved over the last year, the operator pointed to one major challenge, the black market. The Lottery’s Profits Help Fund Vital Projects The latest […]
Business
October 24, 2024
Evolution Posts Strong Q3 Results Despite Challenges in Georgia, Asia
The third quarter marked a challenging period for Evolution, the leading business-to-business (B2B) solution provider for casino operators across the globe. Despite challenges, the company reported strong operating revenues marking an increase year-over-year but saw a dip in its adjusted EBITDA margin. Adjusted EBITDA Margin Was Slightly Lower than Expectations Released Thursday, Evolution’s Q3 2024 […]
Business
October 24, 2024
Truist Analyst Shares Insights, Finds Gaming Stocks Uninspiring
An expert analyst recently pointed to the underperforming gaming stocks when compared to the S&P Index and discussed a range of challenges and developments within the sector. Investors Lack Enthusiasm for Gaming Stocks That is the take of Truist Securities analyst Barry Jonas, who was recently quoted by CDC Gaming. In a Wednesday note to […]
Business
October 23, 2024
BetMGM Enters Third European Market with Swedish Launch
MGM Resorts subsidiary LeoVegas Group announced that it has launched its “international hero brand” BetMGM in Sweden, expanding its global footprint. The move aligns with the group’s ambition to scale the brand in Europe and usher in a “golden era” for the iGaming sector. A Golden Era for Swedish iGaming Sweden has become the third […]
Business
October 23, 2024
FDJ Initiates Squeeze-Out to Complete Full Takeover of Kindred
La Française des Jeux (FDJ), France’s and the Republic of Ireland’s operator of national lottery games, has begun the squeeze-out process to acquire the remaining shares of Kindred Group, solidifying its path toward full ownership. This follows the successful completion of its €2.45 billion ($2.64 billion) acquisition earlier this month, which saw FDJ secure control […]
Business
October 23, 2024
Kindred to Boost Harm Detection as High-Risk Revenue Rises
Kindred Group published its latest Journey Towards Zero report, highlighting a slight increase in its share of revenue coming from high-risk players. As a result, the online operator expressed its commitment to further improving its detection and intervention systems. Kindred’s High-Risk Revenue Increased Slightly in Q3 In the third quarter of 2024, the company’s gross […]
Business
October 23, 2024
Catena Media Sheds 29 Jobs as It Seeks to Save $2.40M Per Year
Catena Media has announced that it is letting go of 29 of its employees in a move that is meant to boost the company’s financials and also shed redundancies. Catena Media Drops 29 Content Team Members as It “Flattens” Structure According to the company, this decision will help it transition to what it has described […]
Business
October 21, 2024
Bally Sports Rebrands as FanDuel Sports Network
The premier mobile gaming destination in North America that has redefined fantasy sports in pursuit of its mission of making sports more exciting, FanDuel, has secured a deal to rebrand Diamond Sports Group’s 16 regional sports networks, previously known as Bally Sports, to the FanDuel Sports Network. The move, effective October 21, follows a 2021 […]
Business
October 21, 2024
XLMedia to Sell US Assets to Sportradar, Plans to Delist by May
Sports and gaming digital media company XLMedia has agreed to sell its remaining business in North America to Sportradar, a Switzerland-based sports data specialist. This conditional agreement will see the rest of XLMedia’s NA business transferred to Sportradar for $30 million in cash. XLMedia Failed to Achieve Its Goals in America According to XLMedia, the […]
