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Business
February 28, 2023
Scout Gaming Minimizes Losses, Continues Journey toward Positive Revenue
Scout Gaming has published its financial report for 2022, highlighting a noticeable decrease in annual losses. The B2B fantasy sports and betting provider attributed the improved metrics to its cost-effective strategy. As reported, Scout Gaming recorded losses of $5.76 million (converted from Swedish Krona) representing a 27% year-on-year decrease from the $7.87 million in losses […]
Industry
February 28, 2023
Super Group Parts Ways with Alan Alger
Super Group, the holding behind the online gambling brands Betway and Spin, is parting ways with Alan Alger, its director of corporate communications. This marks the end of Alger’s long career with the company. The announcement was made by Alger who spoke of his departure on LinkedIn and Twitter. He noted that his eight and […]
Industry
February 28, 2023
Bede Gaming Designates Kirsty Stewart as Chief Legal & Client Services Officer
Bede Gaming, a UK-based gambling platform and software company, has reinforced its team with the addition of a new chief legal & client services officer. The one up to the task is the seasoned Kirsty Stewart who will bring two decades of legal experience. Stewart is by no means a new face. She has worked […]
Business
February 28, 2023
Shareholders Reportedly Approve Lottomatica’s IPO
Following the announcement that Lottomatica is expected to go public in April, Reuters reported that shareholders have approved the move. The plan is to list the Italian operator on the Borsa Italiana’s Euronext Milan exchange. While it is still unclear whether Lottomatica’s initial public offering will be able to meet the projected date, it is […]
Industry
February 27, 2023
Washington DC Sportsbooks Declined in January
In general, the current trend shows that sports betting continues to be the pastime of choice of millions of Americans. The sports betting industry has exploded with new states legalizing wagering on sports each year. Despite the generally favorable state of affairs, the growth trend is by no means universal or without its exception. In […]
Business
February 27, 2023
COVID-19 Prompted Tribes to Diversify Their Businesses
COVID-19 has exposed the shortcoming of tribal nations’ overreliance on gambling income. In the wake of the terrible pandemic, more and more tribes are looking to diversify their sources of revenue. The Associated Press analyzed the trends and spoke with tribal spokespeople. The Pandemic Highlighted the Need for New Revenue Streams As reported by the […]
Business
February 24, 2023
VICI Properties Announces Record End-of-Year Results
VICI’s savvy choice of investments continues to pay off as its shares keep rising and net income soars. The REIT maintained its momentum during the last quarter, demonstrating substantial boosts across the most relevant metrics. Such impressive financial results provide a stable foundation for the investment trust to provide its shareholders with sustainable growth and […]
Business
February 24, 2023
RWLV Posts Strong Q4 Results, Hopes to Bolster Visitation
Resorts World Las Vegas, a casino and hospitality venue owned by Genting Berhad, has recorded record-breaking revenue for Q4 2022. Despite the favorable figures, experts believe that figures could have been even better if not for the various headwinds in 2022. As reported by Genting Berhad, the property saw revenue reach $227 million during the […]
Business
February 22, 2023
Kambi Group Delivers Impressive 2022 Financial Results
Kambi’s Q4 2022 report reveals growth across all key verticals after the hugely successful World Cup. Solid financials, many new partnerships, and expanding growth opportunities provide the company with a solid jump-off point to tackle 2023’s challenges and take the first steps towards its goal of €50 billion gross gaming revenue (GGR) by 2027. The […]
Business
February 22, 2023
Raketech Posts Spectacular Q4 Results, Will Focus on Key Products in 2023
Raketech published its financial results for the final quarter of 2022, highlighting its performance. The company experienced good organic growth and recorded record-breaking revenues. Revenues for the period sat at $16.7 million (converted to USD) thanks to the performance of Raketech’s core portfolio of affiliation marketing. Revenues from the United States increased to $2.45 million, […]
