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Business
August 16, 2022
Playmaker Capital Reports Operating Loss Despite Record Revenue
Digital sports media company, Playmaker Capital, released its Q2 financial results, highlighting substantial growth and record-setting engagement metrics. The Toronto-based company recorded impressive results across nearly all key performance indicators but reported an operating loss of $0.7 million for the quarter. Excellent Player Engagement Boosted Profitability The second quarter marked a significant return on Playmaker’s […]
Business
August 16, 2022
GAN Shows Mixed Results in Its Q2 Earnings Call
Online sports betting and iGaming software provider GAN Limited released its Q2 2022 earnings call. The company recorded revenues of $34.97 million for the quarter, constituting a 2% year-to-year rise compared to 2021’s $34.63 million. Despite the slight growth, this result missed estimates by 4.37%, as the earnings call revealed several underperforming metrics. Outside Factors […]
Business
August 16, 2022
Genius Sports’ Q2 Results Show Strong Growth
Sports data and tech company Genius Sports posted its financial results for the second quarter of the year. The company recorded high revenues, while its losses plummeted. Genius Sports’ Revenues Increased Genius Sports said it earned $71.1 million during the second quarter of the year. Notably, this number represents a 27% increase on the 2021 […]
Business
August 16, 2022
GIG: Positive Net Profit & 37% Revenue Increase for Q2
Leading iGaming platform and media provider offering world-class solutions to partners and customers Gaming Innovation Group (GiG) has released the reports for the second quarter of 2022. The provider has reported a revenue boost of 37% for Q2 2022 compared to the same quarter of 2021. Out of the increase, 24% was organic, helping the […]
Business
August 16, 2022
BetMakers Makes Amendments to NTD Venture Set to Launch in 2022
News Corp Australia and Tekkorp’s wagering venture called NTD Pty has agreed to purchase TexBet. TexBet is BetMakers’ SaaS platform customer and upon the completion of the purchase, BetMakers will receive IP and ownership rights and will support the migration to the NTD platform in exchange for a $2.5 million contribution. The Joint Venture Will […]
Business
August 16, 2022
EBet to Lay off Workers as Part of Profitability Plan
EBet, a global provider of advanced esports wagering products and technology, will be laying off over half of its workers. The company cited profitability goals as the reason for the drastic measures. EBet Announced Profitability Plan In May, EBet posted its results for the second quarter of the fiscal year. Although the company’s revenues rose […]
Business
August 16, 2022
BtoBet Continues to Build upon African Momentum
NeoGames is expanding in Ethiopia through a partnership with UtopBet. The partnership is facilitated by NeoGames’ own brand, BtoBet, a sports betting supplier. As a result, BtoBet will move forward with providing its proprietary sportsbook solutions and betting services, along with risk management options for UtopBet. Doubling Down on New Market Expansion UtopBet will offer […]
Business
August 16, 2022
Galaxy Gaming Posts Increased Q2 Revenue Year-On-Year And Major Net Losses
Las Vegas-based casino table games and electronic wagering systems distributor Galaxy Gaming reported its results for the first half of 2022 and the second quarter of 2022 both ending on June 30. Galaxy Gaming Reported a 20% Increase in Revenue in Q22022 Year-On-Year Despite external factors driving expenses up, Galaxy Gaming still managed to achieve […]
Business
August 16, 2022
Let ESPN Go Its Own Way from Disney Urges Daniel Loeb
Decoupling ESPN from Disney may be a way forward for both companies to achieve their optimal performance in the entertainment industry, Third Point CEO and chief investment officer Daniel S. Loeb has said in a letter addressed to Robert A. Chapek, Disney’s chief executive. Third Point Capital Wants ESPN to Be Unshackled from Disney Essentially, […]
Business
August 15, 2022
Sands China Announces Significant Interim Losses
Macau-based integrated resort developer and operator Sands China released its financial results for the year’s first half. The company reported losses of $760 million (HK$5.96 billion), compared to $381 million (HK$2.96 billion) in H1 2021. Sands China explained the poor performance to the impact of the COVID-19 pandemic. Sands China Continues to Suffer from COVID […]
