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Business
August 10, 2023
Penn Entertainment Sees Q2 Revenue Surge Amid Transformative ESPN Agreement
The entertainment giant reported revenues of $1.67 billion for the quarter, with a net income of $78.1 million, marking a substantial improvement from the $26.1 million recorded during the same period in the prior year. PENN Entertainment’s Q2 Earnings Call Centers on ESPN Partnership and Barstool Divestiture Despite these promising figures, the company’s Q2 earnings […]
Business
August 9, 2023
Light & Wonder Signs Definitive Deal to Acquire SciPlay
Light & Wonder, a manufacturer of gambling products, announced that it has signed a definitive agreement to acquire the remaining 17% equity interest in SciPlay that it doesn’t currently own. The two parties agreed on a price of $22.95 per share in all-cash transactions. The move secured the approval of the board of directors of […]
Business
August 9, 2023
Sportradar Sees Revenue Growth Along with Profits Decrease in Q2
The leading sports technology company delivering unique experiences for sports fans and bettors, Sportradar Group AG, released its latest financial results, revealing details regarding its performance for the second quarter of 2023. Results emerged Wednesday, revealing strong revenue growth and an increase in adjusted EBITDA for the quarter ended June 30, 2023. Overall, Sportradar’s revenue […]
Business
August 9, 2023
Catena Successfully Completes Share Buyback Program
Such a strategic move should have many significant long-term benefits to the organization, aligning with its goals to streamline its business and refocus on core markets. A sturdy financial foundation will be instrumental in Catena Media’s planned 2024 North Carolina launch, requiring significant capital and lasting shareholder confidence. The Company Completed Its Short-Term Objectives Catena […]
Business
August 9, 2023
Hacksaw Gaming Celebrates US Market Entry with RSI
The leading provider of games for the online gambling vertical, Hacksaw Gaming, announced it entered the regulated online gambling market in the United States thanks to a new content distribution deal. The company unveiled Wednesday that it joined forces with the fast-growing and trusted online casino and sports betting operator in the US, Rush Street […]
Business
August 9, 2023
Flutter Enjoys Exceptional Performance for First Half of 2023
Globally-recognized sports betting group, Flutter Entertainment, released its latest interim results, highlighting strong growth in revenue, EBITDA and the number of average monthly players for the first half of 2023. Released Wednesday, the financial results outline details regarding the company’s performance for the six months ended June 30, 2023, pointing to a solid growth of […]
Business
August 9, 2023
Barstool Sports Back to the Pirate Ship after Penn Sells It Back to David Portnoy
Dave Portnoy, the founder of the sports media giant Barstool Sports, has purchased the company back from Penn. In “ probably the biggest emergency press conference” he’s ever held on Twitter/X, Portnoy explained the deal and how it came to this. Portnoy confirmed that, for the first time in a decade, he is back in […]
Business
August 9, 2023
SCCG Management Extends Alliance with OddsAI
Moving forward, SCCG Management will continue to work with OddsAI, which is a sports betting odds firm that utilizes AI to drive results and deliver to partners robust experiences in the sports wagering vertical. Leveraging the Power of AI to Build on Stronger Partnerships This is a partnership extension of an already existing collaboration between […]
Business
August 9, 2023
Light & Wonder Sees Revenue Grow by 20% on Strong Physical and Digital Performance
The company, which is one of the world’s tier-one gaming suppliers, has reported revenues that were 20% higher in Q2 2023. The revenues stood at $731 million, posting a significant gain on last year’s results. Light & Wonder Reports Strength Across the Board in Q2 2023 This achievement marks the ninth consecutive quarter in which […]
Business
August 8, 2023
Century Casinos Reports Strong Revenue for Q2 2023
The leading hospitality and gaming operator, Century Casinos, released its latest trading update, revealing details regarding its financial performance for the second quarter and first half of 2023. The company announced Tuesday the latest unaudited financial figures, revealing that its net operating revenue for the three months ended June 30, 2023, hit $136.8 million. When […]
