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Business News and Headlines
Business
August 15, 2022
Flutter’s Australian Subsidiary Sportsbet Revenue on the Rise in H12022
Global sports betting company Flutter reported its financial results for the first half of 2022 ending on June 30, which included the financial results for its subsidiary Sportsbet, the top sports betting provider in Australia. Sportsbet Reports 5% Increase in Revenue Year-On-Year Sportsbet did very well during the period from January 1 to June 30, […]
Business
August 12, 2022
Flutter Entertainment Reports 9% Rise in H1 Revenue
After announcing a 6% revenue increase to £1.56 billion ($1.96 billion) during the first quarter of 2022 compared to Q1 2021, Flutter Entertainment has reported a revenue of £3.38 billion ($4.12 billion) for the six months that ended on June 30. The figure that was published in the 2022 Interim Results for the first half […]
Business
August 12, 2022
NYRA Purchases 49% of Churchill Downs’ Subsidiary United Tote
Churchill Downs Incorporated (CDI), the parent company of Churchill Downs, has announced that it will sell 49% of United Tote’s shares to NYRA Content Management Solutions. NYRA Content Management Solutions is a subsidiary of the New York Racing Association, whereas United Tote is a subsidiary fully owned by CDI. The Goal of the Deal Is […]
Business
August 12, 2022
888 Holdings Releases H1 Report, Revenue Reaches $403.5 Million
888 Holdings Plc, a globally renowned online gambling and betting company, has posted its financial results for the first half of 2022, ending on June 30. According to the report, the company’s revenue reached £332.1 million ($403.5 million), which is a 13% YoY decrease as its 2021 H1 revenue was £380.9 million ($462.8 million). The […]
Business
August 12, 2022
Daryl West Becomes William Hill’s Head of Sponsorship, Social and PR
Daryl West, an outsider to the gaming industry, has joined William Hill as the company’s new head of sponsorship, social and PR. West’s experience spans a number of companies where he worked as head of social media for the most part, and he has cultivated the relevant knowledge to deploy tailored business solutions across the […]
Business
August 12, 2022
NeoGames Posts Strong Q2 2022 Results
NeoGames, a Nasdaq-listed iGaming tech provider, posted its results for the second quarter of the year. The results demonstrate that the company’s business is going steadily. A Look into NeoGames’ Financial Results NeoGames shared that revenues for the period sit at $21.1 million. This is a significant 46.4% increase on last year’s results. In addition, […]
Business
August 11, 2022
LeoVegas Group Shares Q2 Report, Shows 1% YoY Increase in Revenue
LeoVegas Group released its Q2 report in 2022 and the results state that the revenue had a 1% YoY increase as it reached €97.9 million ($101.1 million). Local currency organic growth was also up 1% and excluding the Netherlands, the group’s revenue increased by 9%. The Number of Depositing Customers at LeoVegas Decreased Even though […]
Business
August 11, 2022
Entain Posted H1 Results, Unveiled Entain CEE Launch
Entain, an international sports betting and gambling company, has posted its interim results for the first half of the year. The results show that the company continues to grow and evolve. The Company’s Business Is Doing Great According to Entain’s results, its gross profits increased by 17% to $1.61 billion. Group EBITDA improved by the […]
Business
August 11, 2022
NetGaming Joins Livespins to Stream Casino Slots
NetGaming, an innovative online casino content developer and studio known for games such as Dragon Fortress, has signed a new partnership with Livespins, joining the iGaming revolution. As a result, NetGaming’s full suite of slots will now be available through the innovative streaming platform, raising awareness for the studio’s distinct products but also helping Livespins […]
Business
August 11, 2022
Disney CEO Suggests Sportsbook Partnership During Financial Results Call
The Walt Disney Company reported a 26% increase in revenue for the company’s third fiscal quarter ending on July 2, 2022. However, what made the news was not the sound financial results, but CEO Bob Chapek discretely hinting that Disney is looking to expand its diverse product portfolio with sports betting. 14.4 million New Subscriptions […]