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Business News and Headlines
Business
April 30, 2021
PointsBet Posted 246% Increase in Q3 FY2021 Revenue
Australian sportsbook operator PointsBet submitted in a filing to the Australian Securities Exchange (ASX) its financial year 2021 third quarter trading update as well as quarterly cash flow report. Overall Performance PointsBet revealed an impressive quarterly financial performance for the three-month period ended March 31, 2021 posting a turnover of AU$905.2 million, a 236% jump […]
Business
April 29, 2021
Rank Group Appointed Katie McAlister as Non-Executive Director
Rank Group, operator of Grosvenor Casinos and Mecca Bingo venues in the UK, as well as Enracha bingo clubs in Spain, announced today a new addition to its Board of Directors with the appointment of Katie McAlister as a non-executive director. Appointment with Immediate Effect Appointed with immediate effect, non-executive director Katie McAlister will also […]
Business
April 29, 2021
Royal Panda Migration to LeoVegas’ Platform Is Now Complete
Royal Panda’s migration to LeoVegas’ technical platform was completed today. Consequently, the company will benefit from an enhanced gaming experience and a significantly faster mobile solution. Royal Panda Completed Its Migration to LeoVegas’ Platform One of the biggest online gaming operators, Royal Panda, announced today that it completed its migration to LeoVegas’ technical platform. Royal […]
Business
April 29, 2021
Flutter Records off the Charts Revenue Growth in Q1
Flutter Entertainment Plc, a leading global sports betting and gaming provider, accelerates its strategic plans with confidence, reporting total revenue growth of 32% to £1.485 billion in its first quarter of 2021. Flutter Reports Rapid Growth in Q1 of 2021 Flutter Entertainment Plc (FLTR.L), a leading global sportsbook and gaming provider, has reported a growth […]
Business
April 29, 2021
Recovery Underway for MGM Resorts Regardless of Losses in Q1
MGM Resorts continues to improve in Q1 even though it still posts losses amid growing consumer interest. Recovery Begins at MGM Resorts International MGM Resorts International has been affected by the COVID-19 pandemic, just like any other casino and hospitality company operating in the physical world. Yet, for all the setbacks, the three-month period ending on […]
Business
April 29, 2021
Betsson Buoyant on Q1 Results despite a Few Near-Misses
Betsson Group has posted strong results in Q1 2021 with net profit going up even though the Group suffered setbacks in Norway and Germany. Betsson’s Results Improve Despite Setbacks With the first quarter of the year in the books, Betsson Group is happy to report that it has hit a bull’s eye so far as its financial […]
Business
April 29, 2021
Genius Sports 2020 Results: Landmark Year and Fourth Quarter despite Covid-19
Genius Sports posted strong 2020 results with group revenue growth of 31% to $150 million compared to 2019 and group adjusted EBITDA rise from $6 million to $18 million. All Product Lines Experience Growth in 2020 Sports data and technology company Genius Sports released its financial results for the fourth quarter of 2020 and the […]
Business
April 28, 2021
Kambi Group Posted Impressive 2021 First Quarter Growth
Malta-based sports betting technology provider Kambi Group released its Q1 trading update today posting impressive growth in sportsbook operations. Exceptional Financial Performance Total revenue for the Stockholm-listed group for the first quarter of 2021 amounted to €43.2 million, up 55% compared to €27.9 million registered in the first 3 months of 2020, as the company’s […]
Business
April 28, 2021
Playtech and Parx Launch Play Gun Lake App in Michigan
Leading gambling technology provider Playtech announced today its partnership with Parx Interactive and Gun Lake Casino in Michigan resulted in the launch of a new iGaming app, Play Gun Lake. “We are delighted to launch playgunlake.com, our new iGaming app in Michigan with Playtech and to bring the success of Parx into the Michigan iGaming […]
Business
April 28, 2021
888 Continue to Beat Expectations, Q1 2021 Revenue up 66%
888 Holdings, a Gibraltar-based online betting, and gaming company, released today its Q1 trading update posting for the 3 months ended 31 March 2021 66% growth in total revenue, in line with the trend set in 2020 when its revenue beat market expectations. B2C Division Sets the Pace The growth, driven mainly by B2C operations […]