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Business
May 4, 2023
PENN Entertainment Posts Decent Q1 Results despite Economic Challenges
PENN Entertainment has posted a report on its financial performance in the first quarter of the year, highlighting a modest revenue increase and a substantial net income rise. As reported by the company, its revenues for the period increased by 7% year-on-year to $1.67 billion in Q1, 2023. In addition to that, the company reported […]
Business
May 4, 2023
GiG Maintains 2022’s Momentum with Impressive Q1 Financials
Gaming Innovation Group (GiG) experienced substantial growth across all primary verticals, smashing last year’s results with a 49% increase in revenue from 2021. The stellar financial results place the company in the perfect position to pursue its long-term strategy and consolidate its presence in its most profitable markets. Revenues Are Up across the Board As […]
Business
May 4, 2023
Codere Posts Strong Full Year 2022 Financial Results
The leading multinational gambling operator, Grupo Codere, released its latest trading update Thursday. The company confirmed it enjoyed strong growth in 2022, impacted positively by lifting COVID-related restrictions. As with most entertainment and gambling operators, 2021 wasn’t the best year. This was the period after nearly a full year of the COVID-19 pandemic so there […]
Business
May 4, 2023
FansUnite Agrees to Sell Subsidiary McBookie for $4M
The global entertainment and sports company focused on delivering technology for online gambling operators, FansUnite, announced it has entered into a definitive agreement for the sale of its wholly-owned subsidiary, McBookie. Details about the new transaction emerged earlier this week and see FansUnite sell the business “to an arm’s length third-party” in a deal with […]
Business
May 4, 2023
EveryMatrix Enjoys Stellar 2023 Start with Strong Q1 Results
The provider of iGaming software, content, solutions and services for sports betting and online gambling operators, EveryMatrix, released its latest trading update, revealing data regarding its performance for the first quarter of 2023. The new figures show that between January 1 and March 31, 2023, the company has seen a strong financial performance that marked […]
Business
May 4, 2023
Rush Street Interactive Reports 20% Revenue Growth for Q1 2023
The company reported revenue of $162.4 million in Q1 2023, a 20% increase from the same period in the previous year. Additionally, the net loss for Q1 2023 was $24.5 million, a significant improvement from the $52.3 million net loss in Q1 2022. Adjusted EBITDA loss for Q1 2023 was $8.7 million, an improvement from […]
Business
May 4, 2023
Affinity Interactive Brings Halise Ekmen Uysal as CFO
Affinity Interactive, an omnichannel media and operator of casino properties in multiple jurisdictions across the United States, has announced the appointment of Halise Ekmen Uysal as the company’s new chief financial officer. More Than 20 Years of Relevant Experience The media, which is owned by Z Capital Group, has brought Uysal as an executive, tapping […]
Business
May 4, 2023
Blixx Gaming Brings Patrick Jonker as CEO
Blixx Gaming is part of HappyHour.io’s portfolio of investments in the gambling industry, and the brand will now benefit from the leadership of an iGaming veteran who brings a wealth of expertise to the company and its operations. Blixx Gaming Hails Arrival of Industry Expert Jonker is well-positioned to help with growth for Blixx and […]
Business
May 4, 2023
FanDuel Confident in Profitability as Customer Acquisition Soars
FanDuel is on its own a champion within Flutter’s ecosystem and one of the company’s most important assets in the US market. Group revenue increased by 54% in the first quarter, but FanDuel was the real winner as the brand’s revenue jumped by 92% on an annual basis, demonstrating that the company may indeed be […]
Business
May 3, 2023
Caesars Publishes Q1 Report, Seeks to Reduce Outstanding Debt
Caesars Entertainment has published its Q1 2023 report, highlighting its financial performance during the period. The company recorded rising net revenues, while net losses continued to decrease. In Q1 2023, Caesars saw its quarterly revenues rise to $2.8 billion, representing an increase of 23.7% from Q1 2022’s results. Meanwhile, the company’s net losses decreased as […]
