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Business
February 28, 2023
Scout Gaming Minimizes Losses, Continues Journey toward Positive Revenue
Scout Gaming has published its financial report for 2022, highlighting a noticeable decrease in annual losses. The B2B fantasy sports and betting provider attributed the improved metrics to its cost-effective strategy. As reported, Scout Gaming recorded losses of $5.76 million (converted from Swedish Krona) representing a 27% year-on-year decrease from the $7.87 million in losses […]
Business
February 28, 2023
IGT Posts 3% Increase in Revenue to $4.2 Billion for 2022
The multinational gambling producer of slot machines and gambling technology has published its Q4 and full year results for 2022, announcing it has reached all of its financial goals for the year while managing to strengthen its “product leadership positions” across Global Gaming, PlayDigital, and Global Lottery operations. Strategic Work Has Paid Off According to […]
Business
February 28, 2023
Shareholders Reportedly Approve Lottomatica’s IPO
Following the announcement that Lottomatica is expected to go public in April, Reuters reported that shareholders have approved the move. The plan is to list the Italian operator on the Borsa Italiana’s Euronext Milan exchange. While it is still unclear whether Lottomatica’s initial public offering will be able to meet the projected date, it is […]
Business
February 27, 2023
Betting GGR in January Sets a New Record in New Hampshire
The New Hampshire Lottery, the regulator in charge of sports betting in the state, revealed that the combined betting handle by retail and mobile sports betting hit $97.2 million in January. Although this result didn’t mark a record, it was still the highest wagering handle reported for the last six months. More importantly, the $97.2 […]
Business
February 27, 2023
Superbet to Join the Big League with Hans-Holger Albrecht as New Chairman
The Romania-based technology and entertainment company has announced the new appointment of the European Commission president’s brother will go into effect starting February 28. What Will the New Chairman Bring to the Table? The group that plans to be listed on the most prestigious capital markets in the world has chosen Hans-Holger Albrecht to replace […]
Business
February 27, 2023
Yggdrasil Inks UK and Ireland Slot Distribution Agreement with BoyleSports
Last May, the Irish sports betting group announced the start of a major expansion for its retail betting network in Great Britain, with 20 pending stores as part of the plan. At the time of the announcement, BoyleSports was already counting 25 stores in Britain. Now, BoyleSports has agreed to a fresh multi-territory distribution agreement […]
Business
February 27, 2023
COVID-19 Prompted Tribes to Diversify Their Businesses
COVID-19 has exposed the shortcoming of tribal nations’ overreliance on gambling income. In the wake of the terrible pandemic, more and more tribes are looking to diversify their sources of revenue. The Associated Press analyzed the trends and spoke with tribal spokespeople. The Pandemic Highlighted the Need for New Revenue Streams As reported by the […]
Business
February 27, 2023
7777 Gaming Integrates Games into EveryMatrix’s CasinoEngine
7777 gaming, an online B2B provider, which offers iGaming platform, games and tools, has unveiled a new strategic partnership with the renowned software provider EveryMatrix. Under the terms of the agreement, 7777 gaming’s entire portfolio will be made available to EveryMatrix’s aggregation partners. As agreed by the two companies, EveryMatrix will add content from its […]
Business
February 27, 2023
Gamingtec Onboards Apollo Games Jackpot Titles
Apollo Games, a leading slot provider of premium gaming solutions, has agreed to power Gamingtec’s market-leading lineup of games with new titles. The partnership is expected to take the turnkey online casino and sportsbook platform provider’s portfolio “into the stratosphere.” As per the deal, Apollo Games will supply Gamingtec with a selection of critically-acclaimed games, […]
Business
February 24, 2023
VICI Properties Announces Record End-of-Year Results
VICI’s savvy choice of investments continues to pay off as its shares keep rising and net income soars. The REIT maintained its momentum during the last quarter, demonstrating substantial boosts across the most relevant metrics. Such impressive financial results provide a stable foundation for the investment trust to provide its shareholders with sustainable growth and […]
