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Business News and Headlines
Business
November 14, 2024
Better Collective Faces Strategic Recalibration amid Rising Market Pressures
Better Collective, a prominent betting and affiliate company, is navigating strategic challenges that have prompted a realignment of its operational model and financial targets. The business reported a Q3 increase in revenue by 7.7% to EUR 81.2 million ($85.69 million), with recurring revenue settling at EUR 52.8 million ($55.73 million). Organic sales, however, came in […]

Business
November 14, 2024
Gambling.com Reports Solid Q3 Growth, Raises Full-Year Expectations
The provider of digital marketing services powering the global online gambling industry, Gambling.com, released its latest financial update. A New Quarterly Revenue Record On Thursday, the company uncovered details regarding its performance for the third quarter ended September 30, 2024, pointing to strong adjusted EBITDA growth in combination with an increase in revenue. Besides details […]

Business
November 13, 2024
Gentoo Media Enjoys Record Q3 2024 Revenue After Restructure
Following the recently completed structural business changes, the market-leading affiliate that helps connect iGaming and betting operators to players across the globe, Gentoo Media, released its latest financial update, pointing to exceptional revenue growth. Strong Financial Results Despite Business Split On Wednesday, the company, released its Q3 2024 financial results, highlighting a 35% year-over-year revenue […]

Business
November 13, 2024
Flutter Publishes Q3 Results, Prepares for Share Buyback
Gambling and betting giant Flutter Entertainment has published its Q3 report, highlighting significant increases across multiple metrics. As a result, the company updated its guidance, introducing a small raise, and announced the launch of the first tranche of its new share buyback program. Flutter Continued to Excel In the three months ended September 30, Flutter […]

Business
November 13, 2024
L&W’s Q3 Remains Strong Despite Court Loss Against Aristocrat
Leading cross-platform game developer Light & Wonder has reported its Q3 financials, highlighting a strong balance sheet despite its court loss against Aristocrat. As the company’s surge continued, it recorded its 14th consecutive quarter of year-on-year growth. The Business Remained Strong According to its Q3 report, Light & Wonder recorded Q3 revenue of $817 million, […]

Business
November 13, 2024
Sports Betting in North Carolina Picks up Speed in October
October proved the be a busy month for licensed sports betting operators in North Carolina. Likely their performance was positively impacted by college basketball, considering the increase in revenue during last month. Licensed Betting Operators Post Solid Results On Tuesday, the state’s gambling regulator, the North Carolina State Lottery Commission, released details regarding the performance […]

Business
November 12, 2024
IGT Posts Strong Q3 Report Despite Slight Declines Across the Board
IGT, a global leader in gaming technology and content, has published its financials for the third quarter of the year, highlighting the strength of its business. The company also published its current forecasts for the FY results. Revenue Slowed Down But the Results Remained Strong Among other things, the company reported Q3 revenue of $587 […]

Business
November 12, 2024
ComeOn Group Launches Sports Betting in Ontario
ComeOn Group, a leading global player in the rapidly growing iGaming market, announced that it has enhanced its product lineup in Ontario by launching an online sportsbook. The launch highlights the company’s desire to grow its business in the coming years. ComeOn Group Expands Its Betting Business ComeOn Group called the addition of a sportsbook […]

Business
November 12, 2024
Aristocrat Agrees to Sell Plarium to Modern Times Group
Globally recognizable gaming and entertainment company Aristocrat Leisure Limited announced its plans to divest a strategic asset. Plarium’s Divestment to Fuel Aristocrat’s Long-Term Growth Strategy Today, the company confirmed it has entered into a binding agreement for the sale of Plarium Global Limited, a leading mobile games developer by its subsidiary, Pixel United Holdings Limited, […]

Business
November 12, 2024
Endeavor Confirms Buyout of OpenBet and IMG Arena by OB Global Holdings
The global sports and entertainment company, Endeavor Group Holdings, announced Monday it reached an agreement to sell OpenBet and IMG Arena to OB Global Holdings LLC. Details regarding the strategic business transaction emerged on Monday. The Management Buyout Is Backed by Key Execs The transaction has a price tag of $450 million. Endeavor confirmed that […]
