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Business
May 10, 2024
Bragg Maintains Positive Momentum, Posts Revenue Growth in Q1
Late in March, the global provider of iGaming technology and solutions, Bragg Gaming Group, released its 2023 results, pointing to strong growth. At the time, the company also updated its guidance and targets for 2024. At the same time, the company reiterated its intention to review strategic alternatives. With the review, Bragg seeks to identify […]
Business
May 10, 2024
Brightstar Announces $1.1bn Acquisition of PlayAGS, Stock Price Jumps
The global company, offering a diverse range of entertaining gaming experiences that resonate well with audiences across the globe, AGS (PlayAGS), announced it entered into a definitive agreement to go private via an acquisition by affiliates of Brightstar Capital Partners (Brightstar). Details regarding the new business combination emerged Thursday with AGS’ Board of Directors unanimously […]
Business
May 10, 2024
Games Global Strikes Exclusive Branded Slots Partnership with UFC
Games Global, a leading provider and distributor of iGaming content, has secured an exclusive partnership with UFC, the world-renowned mixed martial arts organization, to develop branded slot titles inspired by the renowned sports brand. Games Global can use its proven expertise to leverage this collaboration, developing industry-leading themed content. The UFC Boasts an Extensive Fanbase […]
Business
May 9, 2024
Mohegan Sets New Quarterly Revenue Record in Q2
The Mohegan Tribal Gaming Authority has published information about Mohegan’s operating results for its second fiscal quarter ended March 31, 2024 (Q2). The tribal gaming company reported an all-time-high quarterly revenue figure and highlighted some of its most noteworthy Q2 achievements. As mentioned, Mohegan’s Q2 net revenue increased 13.8% year-on-year to $461.7 million, setting a […]
Business
May 9, 2024
DraftKings Acquired Sports IQ Analytics for an Undisclosed Sum
American gambling giant DraftKings has acquired Sports IQ Analytics, a company that uses advanced artificial intelligence and machine learning techniques to provide cutting-edge software solutions for the online sports gambling industry. The arrangement was announced by the latter company’s chief executive officer, Omer Dor and comes a week after DraftKings published its report for the […]
Business
May 9, 2024
Light & Wonder’s Q1 Report Outlines Growth across the Board
Light & Wonder has published its Q1 financials, reporting a strong start to 2024. The supplier was able to deliver a 12th quarter of year-over-year consolidated revenue growth in a row and generated strong cash flow. The company’s revenue increased 13% to $756 million, underpinned by growth across all segments. The company’s gaming revenue increased […]
Business
May 9, 2024
Stake Doubles Down on India as IPL Betting Explodes
Stake.com, a leading crypto betting operator, continues to capitalize on the Indian market as its competitors pull out. The other companies’ loss is Stake’s win as Indian Premier League bettors have already wagered over $100 million this season alone. Some of Stake’s competitors were alienated by the GST flat tax on turnover. This notably included […]
Business
May 9, 2024
Super Group Gears Up for Landmark Acquisition amidst Q1 Success
Super Group, the parent company of Betway and Spin, has reported its highest first-quarter revenue for the beginning of 2024, signaling a robust year start. Super Group management was optimistic regarding the company’s prospects, expressing confidence in the long-term benefits of ongoing investments, which should help maintain stellar performance in core markets. Most Metrics Enjoyed […]
Business
May 8, 2024
Genius Sports’ Q1 Results Surpass Expectations
Genius Sports, a company describing itself as the official data, technology and broadcast partner that powers the global ecosystem connecting sports, betting and media, has published its results for the first quarter of the year. The company reported favorable metrics and updated its financial outlook for 2024. In Q1 2024, Genius Sports’ group revenue reached […]
Business
May 8, 2024
Google Changes Hit Catena Media Hard, CEO Cadena Says
Catena Media just published its Q1 results, reporting significant declines across the board. According to the affiliate company’s leadership, the suboptimal results can be attributed to the lackluster execution of the company’s business strategy and Google’s recent changes. For context, the affiliate company’s revenue declined 49% to $17.2 million, while adjusted EBITDA plummeted to $2 […]
