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Industry
May 24, 2024
Rev. Sharpton Is Concerned about DraftKings and FanDuel’s Hegemony
The Reverend Al Sharpton, a civil rights activist, Baptist minister and founder of the National Action Network civil rights organization, has expressed his concerns about DraftKings and FanDuel’s disproportionate betting market share. In a letter to chair Lina Khan of the Federal Trade Commission, Sharpton requested an examination of the potential adverse effects this “gambling […]
Business
May 23, 2024
DraftKings Completes $750M Acquisition of Jackpocket
In February, DraftKings finalized a $750 million acquisition deal with Jackpocket, a prominent lottery app in America. The transaction has now been officially completed, cementing the former company as the owner of the leading lottery specialist. Jackpocket is an app that has been favored by millions of customers across the US. Thanks to its innovative […]
Business
May 22, 2024
Better Collective Reports Robust Q1 Performance amidst Strategic Expansion
Better Collective, a leading sports betting media group, has reported robust performance in the first quarter of 2024, with significant growth in revenue and strategic acquisitions driving the company’s success. The recent acquisition of AceOdds and the following share buyback program further cement Better Collective’s commitment to diversifying its business and future-proofing its operations. Most […]
Business
May 22, 2024
Playtech Posts Trading Update, Caliplay Fees Remain Uncollected
Playtech has published а trading update for the period from January 1 to April 30, reporting a solid trading performance and robust underlying trends. The company’s successes, however, were partly offset by the customer-friendly sporting results, the report noted. In the four-month period outlined in the update, Playtech’s B2B division recorded strong performance thanks to […]
Industry
May 21, 2024
Merkur Gaming Sets Sights on Former Sex Shop Site
Merkur Gaming, a slot machine manufacturer and gaming hall operator, is eyeing opportunities to open a new cashino on the site of a former sex shop. Located on Northampton’s Abington Street, the location became available after the shop in question relocated last year. The high street site was the home of an Ann Summers shop, […]
Business
May 21, 2024
Allwyn Publishes Preliminary Unaudited Q1 Update
Allwyn has published a Q1 trading update, outlining certain preliminary figures. The announcement coincided with the launch of an offering of a USD-denominated Term Loan B in the principal amount of $450 million. The current update came ahead of the announcement of the company’s unaudited Q1 results which is set to take place on June […]
Business
May 21, 2024
Entain Concludes Strategic Review, Eyes Crystalbet Sale
Entain, a global sports betting and gaming giant, announced that its board’s Capital Allocation Committee (CapCo) has concluded its strategic review. The company had tasked the CapCo with creating a value optimization plan in January, asking it to thoroughly evaluate its business, markets, brands and verticals. After carefully considering various opportunities, the committee concluded that […]
Industry
May 21, 2024
Bet365 Experiences a Rollercoaster Weekend
Bet365, one of the world’s leading online gambling companies, has declared that its customers “had the last laugh” after Manchester City clinched the Premier League title in a weekend packed with sports action. The final day of the 2023/24 Premier League season saw all favorites win, leading to the company giving out significant payouts. Soccer […]
Business
May 20, 2024
PointsBet Updates Its FY 2024 EBITDA Guidance
PointsBet Holdings, a corporate ASX-listed bookmaker, has published a new update, drastically improving its EBITDA guidance. The announcement comes amid strong year-to-date trading and increased operational efficiency and productivity, the company announced. As announced by PointsBet, the operator now expects normalized EBITDA loss for the fiscal year to be in the range of AUD 4 […]
Business
May 17, 2024
XLMedia’s FY 2023 Results Decrease amid Internal Restructuring
Sports and gaming digital media company XLMedia has published its audited results for FY 2023, outlining significant declines across the board. Key highlights included revenue of $50.3 million, down 29% year-on-year. For comparison, the company’s revenue for FY 2022 stood at $70.9 million. The decline in revenue resulted in a 26% decrease in gross profit […]
