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Business
May 10, 2024
Playtika Posts Q1 Report, Unveils Share Buyback Program
Playtika, an Israeli digital entertainment company specializing in the development and publication of mobile games, has posted its results for the period ended March 31, 2024. The company reported a slight decrease in revenue and published its FY 2024 guidance. Playtika’s revenue for the period increased by 2.1% sequentially to $651.2 million. However, this figure […]
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
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 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 […]
Sports
May 8, 2024
William Hill Is on the Verge of SPFL Sponsorship Deal, Reports Say
British gambling operator William Hill is close to signing a landmark deal with the Scottish Professional Football League (SPFL). Reports say that the 888-owned gambling company could become the league’s new title sponsor for the next few years. The SPFL began the search for a new sponsor following the conclusion of its deal with Cinch, […]
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 […]
Business
May 8, 2024
Elys Signs Agreement to Sell the Newgioco Brand
Elys BMG Group, a gambling operator and provider, announced its intention to sell its Italy-facing B2C subsidiary Multigioco. The latter company, which operates the Italian gambling site Newgioco, will be sold to a buyer that Elys refrained from naming. Multigioco is based in Rome and, through its Newgioco site, offers gaming to Italian audiences. While […]
Business
May 7, 2024
Kambi Repurchases 55K Shares as Part of Its Buyback Program
Kambi Group, a provider of premium sports betting services to licensed B2C gaming operators, announced that it has completed the repurchase of tens of thousands of shares. This move aligns with the company’s share buyback program approved during the extraordinary general meeting on June 19, 2023. According to the announcement, the company has repurchased a […]
Business
May 7, 2024
End of an Era: Sweden Considers Discontinuing Casino Cosmopol
The Swedish government has proposed the discontinuation of Svenska Spel’s land-based business, Casino Cosmopol. According to a memorandum published on May 7, the casino brand is no longer capable of fulfilling its purpose. The government cited Casino Cosmopol’s financial challenges as part of the reason for the proposal. Swedish lawmakers also noted that the closure […]
