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Business News and Headlines
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 […]
Business
August 3, 2022
FanDuel Group Appoints Andrew Sneyd as Executive Vice President of Marketing
At the beginning of July, FanDuel decided to stop describing its products as “risk-free”, but instead use the “no sweat” term. Just a few days after, the fantasy sports, casino, and sports betting operator hired a marketing agency to help its brand gain more visibility in the context of the growing online casino gaming vertical. […]
Business
August 2, 2022
SkyBet Veteran Leaves after 20 Years with the Company
Louise Amos, associate director at online betting giant Flutter Entertainment, announced on her LinkedIn profile that she would take a break from the industry to focus on her family and enjoy life. Amos Was with SkyBet from the Very Beginning Amos’ career is a prime example of how dedication and perseverance can pay off. After […]
Business
August 2, 2022
GiG and Betsson Freshen Up Partnership With New Two-Year Deal in Colombia
In mid-February, Gaming Innovation Group (GiG) spoke about their powerful alliance with tier 1 Betsson Group, reassuring the public that the partnership will carry through the end of 2025 at the very minimum. Now, the two have signed a fresh two-year deal, confirming their partnership in Colombia. According to the new contract, Bettson will offer […]