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Business
August 10, 2023
Entain’s Strong H1 2023 Report Reflects Impressive Growth
Entain’s impressive financial achievements highlight the group’s continued success and ability to navigate the evolving landscape of the iGaming industry. Despite a potentially costly HMRC settlement, the gambling giant achieved notable success in its core markets and seized many new expansion opportunities, guaranteeing enduring growth. A growing customer base and improved community-focused efforts should ensure […]
Business
August 10, 2023
Better Collective Appoints Rene Schroder to Editor in Chief Role
Better Collective, the digital sports media group, confirmed a new senior-level appointment Thursday. The company revealed that it has taken an important step in expanding its European-facing presence by hiring the expert with extensive experience in sports and media, Rene Schroder, to the role of editor in chief. Joining Better Collective, he will be in […]
Business
August 10, 2023
OddsMatrix Launches Fast Markets to Stay Ahead of the Curve
EveryMatrix’s business-to-business sportsbook division, OddsMatrix, has launched Fast Markets just in time for the upcoming soccer season. As a result, its partnering operators will be able to engage fans with exciting real-time markets for their favorite game. The newly-launched product will encompass a variety of in-game, time-driven betting options. The Fast Markets will thus provide […]
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 […]
