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Business
August 8, 2022
BCLC Appoints Pat Davis as New CEO & President
As the British Columbia Lottery Corporation has joined forces with others to raise against the unchecked influence of illegal gambling websites, the BCLC is also making a change to its president & CEO position with Pat Davis stepping into the job, the Board of Directors confirmed last week. BCLC to Continue Building Up Davis […]
Business
August 8, 2022
DraftKings’ Q2 revenue rises 57% compared to 2021
Gambling giant DraftKings released the official report on its second-quarter earnings. The company’s revenue and EBITDA exceeded expectations, improving its overall financial forecast for the remainder of the year. DraftKings stocks reacted positively to the news and jumped by nearly 10%. Earnings Exceeded Previous Estimates The gaming operator recorded revenue of $466 million for the […]
Business
August 5, 2022
AstroPay Appoints Fayyaz Ansari as the New Chief Financial Officer
Prestigious online payments provider with millions of users worldwide AstroPay has appointed UK-based Fayyaz Ansari as its new chief financial officer. Paysafe group’s former chief financial officer and board member for the Skrill division will be responsible for supervising AstroPay’s financial activities and management decisions at a global level. Over Two Decades of Experience in […]
Business
August 5, 2022
Rush Street Reveals Q2 Results, Shows Improvement in Revenue
Rush Street Interactive has reported that its second-quarter in 2022 also resulted in a net loss. The Q2 results state that the company’s net loss is $28.3 million and even though revenue has risen 17% YoY (from $122.8 million to $143.7 million), the cost of advertising and promotions rose by 20% as well. The Second […]
Business
August 5, 2022
Sega Sammy FY22/23 Q1 Results Behind Pre-pandemic Figures Still
Gross profit for Q1 in FY22/23 was up YoY by 4.6% but still 11.3% behind 2019Q1, with expenses seeing an approximately 10% uptick compared to last financial year’s same period as well. Overall Good Financial, Still Lagging Pre-pandemic Levels Sega Sammy released its financial results for the first quarter of the financial year FY2022-23, which […]
Business
August 5, 2022
Q2 Playtika Revenue Stable, Net Income Down Almost 60%
The company’s Q1 results were much stronger and the tougher operating climate seems to be the story most companies to show such results resort to. Financial Results Speak for Themselves Although Playtika’s revenue has remained almost unchanged, sitting at $659.6 million, compared to $659.2 million in the same period last year, net income has seen […]
Business
August 5, 2022
FuboTV Reports Strong Growth, Subscribers and Liquidity in Q2, 2022
Fubo TV Inc. is well on track in terms of financial results during the second quarter of the year and the latest update published by the company has seen a significant increase in FuboTV’s North American streaming business, ad revenue, and paid subscribers. FuboTV Reports on Strong Revenue and Subscriber Growth FuboTV reported that its […]
Business
August 4, 2022
Playmaker Acquires Mexican Sports Media Publisher JuanFutbol
Playmaker Capital announced that it had acquired 100% of media company Underdog’s digital assets, including JuanFutbol. With this deal, the digital sports media giant aims to develop the brand in Latin America and the US Hispanic market by using the Mexican company’s portfolio of highly popular social media profiles, digital channels, and sports-focused web properties. […]
Business
August 4, 2022
Catena Media Joins NJ.com to Deliver Sports and Casino Content
Catena Media has announced a new partnership with Advance Local, the owner of NJ.com, a news and information website, which is now going to double down on casino and betting coverage with help from one of the most prominent companies in the space. Informing Readers on Sports and Casino Trends Catena and Advance Local have […]
Business
August 4, 2022
MGM Resorts Uses Q2 Earnings Call to Stake out Thailand Interest
MGM Resorts may be among the parties interested to join Thailand in the country’s pursuit of an integrated casino resort. This is the faint signal sent by company CEO and president Bill Hornbuckle who has outlined the hospitality behemoth’s interest in exploring this opportunity further. MGM Resorts Looks into Asian Market Thailand is currently in […]
