Business
February 2, 2023
DraftKings Lays Off 3.5% of Its Global Workforce
DraftKings has joined FedEx and Rivian Automotive in announcing job cuts, aligning with a growing trend among US corporations. The company announced the move aims to boost efficiency and will affect about 140 jobs. A Major Portion of the Job Cuts Are in Europe, Asia, and the Middle East The majority of the impacted positions […]
Business
February 2, 2023
Better Collective Buys 5% Stake in Catena Media
The news was reported in a very short press release from Better Collective stating that the company is satisfied with its investment and does not wish to comment on it any further. The Start of a Collaboration Between Fierce Rivals It is interesting to see how the two companies will collaborate. Up to now, they […]
Business
January 31, 2023
PointsBet Posts Impressive Q2 FY23 Results
The global sports betting operator saw metrics increase across the board, with overall handle skyrocketing by 56%. PointsBet Recorded Favorable Financial Results As reported by the Australian company, PointsBet’s sports betting turnover for the final quarter of the year sat at $1.46 billion (in USD), representing a 56% year-on-year increase. Total gross win from the […]
Legal
January 31, 2023
Alabama Electronic Bingo Ban Causes Major Lay-Offs at Victoryland Casino
Al.com reported that this was announced by Dr Lewis Benefield, the casino’s president and a veterinarian based in Montgomery. Victoryland Casino President Hopes Business Will Pick Up with New Horse Racing Machines Despite the setback, Victoryland Casino is seeking to recover by introducing new machines for betting on historical horse races. Additionally, the casino will […]
Business
January 30, 2023
Golden Matrix Posts Favorable FY 2022 Results
The company’s metrics improved across the board with revenues more than tripling. The executives believe that the provider is poised for future growth. Golden Matrix’s Revenues Went Through the Roof As outlined in Golden Matrix’s report, the company’s revenues for the year increased to $36 million, which represents a stellar 219% year-on-year increase from FY […]
Business
January 26, 2023
BetMGM Outperformed in 2022, Preliminary Results Show
The figures, published by Entain which co-owns the brand, are more or less in line with earlier estimates. BetMGM Results Exceed Expectations BetMGM’s revenue for the period was expected to sit at $1.3 billion. The actual number, however, sits more closely to $1.44 million, exceeding earlier expectations. The operator also posted same-state growth in net […]
Business
January 24, 2023
Aristocrat Poised for Strategic M&A Deals According to Fitch Ratings
Fitch Ratings has recently evaluated the creditworthiness of Aristocrat Leisure, affirming their Long-Term Issuer Default Rating at “BBB-“. The outlook on the rating is stable. Sound Balance Sheet Will Enable Aristocrat to Pursue M&A Deals The positive assessment is based on Aristocrat’s strong business profile as a global gaming supplier and low gross leverage. The […]
Business
January 20, 2023
Kambi Sets Ambitious Financial Targets for the Next 5-Year Period
These targets, which were presented at the company’s Capital Markets Day on January 19, include revenue of 2-3 times the levels of 2022 by 2027 and an EBIT of over EUR 150 million ($162 million). Ambitious Targets Backed by Key Factors The company’s Board of Directors has based these targets on a number of key […]
Casino
January 20, 2023
Holland America Expands Ships Casino Space and Capacity
Holland America, an American-owned cruise line, announced an expansion of the casino space on some of its ships. The company plans to add more machines, enhancing the experience for its casino-loving passengers. Holland America Expands the Casinos aboard Its Ships As announced by the cruise line, the casinos aboard its Pinnacle and Signature Class ships […]
Business
January 19, 2023
Catena Media Posts Preliminary Q4 2022 Results
Catena Media published the preliminary results for its performance during the final quarter of the year. It added that the year-end report will be published on February 22 this year. Catena Media Expanded in NA As evidenced by the results, Catena Media is on the rise in North America, its primary market. Data shows that […]
