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Business
May 9, 2024
DraftKings Acquired Sports IQ Analytics for an Undisclosed Sum
American gambling giant DraftKings has acquired Sports IQ Analytics, a company that uses advanced artificial intelligence and machine learning techniques to provide cutting-edge software solutions for the online sports gambling industry. The arrangement was announced by the latter company’s chief executive officer, Omer Dor and comes a week after DraftKings published its report for the […]
Business
May 9, 2024
Light & Wonder’s Q1 Report Outlines Growth across the Board
Light & Wonder has published its Q1 financials, reporting a strong start to 2024. The supplier was able to deliver a 12th quarter of year-over-year consolidated revenue growth in a row and generated strong cash flow. The company’s revenue increased 13% to $756 million, underpinned by growth across all segments. The company’s gaming revenue increased […]
Business
May 9, 2024
Stake Doubles Down on India as IPL Betting Explodes
Stake.com, a leading crypto betting operator, continues to capitalize on the Indian market as its competitors pull out. The other companies’ loss is Stake’s win as Indian Premier League bettors have already wagered over $100 million this season alone. Some of Stake’s competitors were alienated by the GST flat tax on turnover. This notably included […]
Business
May 9, 2024
Super Group Gears Up for Landmark Acquisition amidst Q1 Success
Super Group, the parent company of Betway and Spin, has reported its highest first-quarter revenue for the beginning of 2024, signaling a robust year start. Super Group management was optimistic regarding the company’s prospects, expressing confidence in the long-term benefits of ongoing investments, which should help maintain stellar performance in core markets. Most Metrics Enjoyed […]
Business
May 8, 2024
Genius Sports’ Q1 Results Surpass Expectations
Genius Sports, a company describing itself as the official data, technology and broadcast partner that powers the global ecosystem connecting sports, betting and media, has published its results for the first quarter of the year. The company reported favorable metrics and updated its financial outlook for 2024. In Q1 2024, Genius Sports’ group revenue reached […]
Business
May 8, 2024
Google Changes Hit Catena Media Hard, CEO Cadena Says
Catena Media just published its Q1 results, reporting significant declines across the board. According to the affiliate company’s leadership, the suboptimal results can be attributed to the lackluster execution of the company’s business strategy and Google’s recent changes. For context, the affiliate company’s revenue declined 49% to $17.2 million, while adjusted EBITDA plummeted to $2 […]
Business
May 8, 2024
Red Rock’s Q1 Results Point To Stellar Start of 2024
Red Rock Resorts, the leading hospitality, entertainment and casino company, released its first quarter results, highlighting a strong start to the year with increases in adjusted EBITDA and net revenues. The latest unaudited figures emerged earlier this week, uncovering insights regarding the company’s performance for the three months ended March 31, 2024. The latest financial […]
Business
May 8, 2024
Elys Signs Agreement to Sell the Newgioco Brand
Elys BMG Group, a gambling operator and provider, announced its intention to sell its Italy-facing B2C subsidiary Multigioco. The latter company, which operates the Italian gambling site Newgioco, will be sold to a buyer that Elys refrained from naming. Multigioco is based in Rome and, through its Newgioco site, offers gaming to Italian audiences. While […]
Business
May 7, 2024
Kambi Repurchases 55K Shares as Part of Its Buyback Program
Kambi Group, a provider of premium sports betting services to licensed B2C gaming operators, announced that it has completed the repurchase of tens of thousands of shares. This move aligns with the company’s share buyback program approved during the extraordinary general meeting on June 19, 2023. According to the announcement, the company has repurchased a […]
Business
May 7, 2024
Kindred Highlights Bengaluru as Silicon Valley of India
On its way to expansion, the online gambling operator that consists of nine globally recognizable brands, Kindred Group, announced it will seek talent in Bengaluru, India. The company is establishing its new Tech Hub in the city and seeks to access the rich pool of technical experts in the region. Kindred’s new Tech Hub in […]
