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Business
May 16, 2024
Aristocrat Publishes Outstanding H1 Financials
Aristocrat has published its H1 report, outlining “outstanding” financials. The six months were characterized by strong profit growth, resilient operational performance and momentum, the company reported. In the first six months of the fiscal year, Aristocrat recorded a 6% growth in revenue to AUD 3.2 billion ($2.12 billion). The company attributed the favorable results to […]
Business
May 15, 2024
CDI Opens 122-Room Hotel at Terre Haute Casino Resort
Churchill Downs Incorporated (CDI) has officially opened its new 122-room hotel and event center at Terre Haute Casino Resort. The new addition to the Indiana property is set to add additional vibrancy to the complex. CDI broke ground on the entertainment venue in June 2022 in partnership with construction specialist Wilhelm Construction. The development of […]
Business
May 15, 2024
Sportradar Reports Record 28% Rise in Revenue for Q1
Leading global sports technology company creating immersive experiences for sports fans and bettors, Sportradar, has published its Q1 2024 financial and operating results. The company that focuses on creating immersive experiences for sports fans and bettors achieved a record increase in revenue to €266 million ($289 million), up 28% compared to the first three months […]
Business
May 15, 2024
IGT Publishes Strong Q1 Report & FY 2024 Outlook
International Game Technology (IGT) has published its Q1 report, outlining stable revenue. The international gambling giant has also published its full-year outlook for 2024. In the quarter ended March 31, IGT reported revenue of $1.07 billion, up 1% from the prior year period. The favorable metric was underpinned by the strong performance of the company’s […]
Business
May 15, 2024
Betfred Integrates Sharp Gaming as Its New Technology Department
Betfred, a leading player in the UK gambling industry, has officially rebranded Sharp Gaming, the Warrington-based firm it acquired in 2021, as its new technology department. This rebranding follows the successful migration of Betfred’s online customers onto a unified proprietary platform developed by Sharp Gaming, marking the culmination of years of hard work. The Integration […]
Business
May 15, 2024
Emmett Voices Concerns over PlayAGS Acquisition by Brightstar
Earlier this month, AGS (PlayAGS), the leading company offering a range of gaming experiences powering the gambling industry across the globe, confirmed it entered into a definitive agreement for an acquisition by affiliates of Brightstar Capital Partners (Brightstar). Brightstar offered a price of $12.50 per share, representing a 40% premium on AGS’ closing stock price […]
Business
May 15, 2024
Polymarket Closes Another Round, Sees Funding Surpass $70 Million
Polymarket is known as the world’s largest prediction market, which offers trading on highly debated topics, including politics, sports, crypto, current events and many others. The markets offered address a growing demand for wagers not only on popular sports events but real-world events. Such wagers are recognized across the United States as “event contracts.” Despite […]
Business
May 14, 2024
Blask Launches New AI-Powered Analytics Tool for iGaming Industry
An up-and-coming iGaming startup called Blask, announced the launch of its AI-powered market analytics solution that caters specifically to the iGaming sector. The startup was co-founded by Max Tesla, as well as Dmitry Belianin, two experts with significant experience in the vertical. The duo co-founded Blask back in March last year. As a part of […]
Business
May 14, 2024
Sharp Alpha Closes $25M Fund to Fuel Sports, Gaming Startups
Sharp Alpha Advisors has announced the successful closing of Sharp Alpha Fund II, its venture capital fund that has surpassed its initial target, securing over $25 million to invest in early-stage sports, gaming, and entertainment businesses. The fund has attracted diverse backers, including public companies, US financial institutions, pro sports team owners, family offices, top […]
Business
May 14, 2024
Flutter Reports $375M Comprehensive Net Loss in Q1, 16% Revenue Growth
The leading online sports betting and iGaming operator with a versatile portfolio of brands including FanDuel, Sky Betting & Gaming, Sportsbet, PokerStars, Paddy Power, and MaxBet, Flutter Entertainment plc, has published its Q1 2024 financial report. The industry leader, which recorded $11,790 million of revenue globally for fiscal year 2023, and $3,397 million of revenue […]
