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Business
February 15, 2023
Zeal Ventures Invests in Soccer Sweepstakes App Circl
Zeal Ventures, one of the biggest investors in the lottery space, has provided the British studio startup Circl Gaming with an investment. While the size of the investment wasn’t disclosed by the two companies, it marks the start of a friendly partnership between the two parties. As announced, Zeal Ventures will leverage its market experience […]
Business
February 15, 2023
Allwyn to Reportedly Review Media Account
Allwyn, which secured the next UK National Lottery license and penned a deal to purchase the incumbent license holder, Camelot, is bracing for an eventful year. As it prepares to take the reins of Brits’ favorite lottery, Allwyn has reportedly launched a review of its media planning and buying account. As reported by Campaign, the […]
Business
February 15, 2023
Monarch Casino & Resort Posts Strong Q4 and 2022 Results
The company posted its results for 2022 Tuesday, reporting a 20.9% increase in revenue to $477.9 million. This marked a strong performance throughout 2022, considering that in 2021, the operator’s net revenue halted at $395.4 million. A further breakdown revealed that adjusted EBITDA in 2022 hit $167.1 million. This result, when compared to adjusted EBITDA […]
Business
February 15, 2023
FDJ Posts Impressive FY22 Results, Improves FY23 Guidance
La Française des Jeux, one of the biggest gambling and lottery companies in France, has published its results for FY 2022. The company’s metrics continued to improve across the board, leading to an enhanced FY 2023 guidance. FDJ reported that its revenue rose by 9% in 2022 to $2.64 billion. The company successfully recovered from […]
Business
February 15, 2023
Genting Casino Nottingham Closes Permanently
Genting Casino Nottingham will be closing its doors, its managers announced. As reported by the Nottingham Post, the decision was prompted by “commercial considerations” and follows a month-long consultation process with the casino staff. Since Genting Casinos has a policy of caring for its employees, it made sure to consult its staff. As noted by […]
Business
February 15, 2023
GiG Posts Stellar Performance in Q4 2022
The company’s chief executive, Richard Brown hailed what he saw as very strong growth for the Group’s revenues and EBITDA which increased by 44% and 71% respectively. The company presented a further breakdown of some of the main milestones achieved in the three-month period that ended on December 31. Record Performance for GiG’s Assets For […]
Business
February 14, 2023
Senet Hires Regulatory and Wagering Expert Bree Ryan
On Tuesday, the firm revealed it hired the services of wagering specialist Bree Ryan. Joining Senet, Ryan became a part of the firm’s associates team. Before joining Senet, Ryan was a part of Tabcorp. During her tenure with the company, she held the position of deputy general counsel of wagering and media. Moreover, Ryan’s professional […]
Business
February 14, 2023
Flutter Entertainment Consults Shareholders over US Listing
According to Reuters, the parent company of some of the most successful betting and gaming brands worldwide is considering the new US listing as a means of supporting its further expansion in the country. The US Listing to Yield Long-Term Benefits In a statement issued by the London-listed company running its operations in over 20 […]
Business
February 14, 2023
Sky Betting & Gaming Signs Landmark Deal with Evolution
Under the terms of the new deal, announced Tuesday, SBG will benefit from the provider’s globally-recognized live casino services. The new collaboration, labeled as a “landmark deal,” will see SBG’s Betfair and Paddy Power brands benefit from live casino options from Evolution. Moreover, per the new collaboration, SBG’s brands Sky Bet, Sky Bingo and Sky […]
Business
February 14, 2023
Betsson Reveals Q4 and 2022 Results Reporting Strong Growth
In its latest trading update, the company revealed that group revenue in 2022 hit €777.2 million ($835.5 million). This result, when compared to the corresponding period in 2021 marked an increase of 18%, while organic growth was 27%, explained Betsson. EBITDA for 2022 was €172.4 million ($185.4 million) marking an increase of 11%, while the […]
