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Business
November 16, 2023
Better Collective Reports 26% Revenue Growth in Q3
The leading digital sports media group that owns national and international sports media, Better Collective, has published its interim report for Q3. The company reported “continued strong performance across the group”, as explained by the chief executive officer and co-founder, Jesper Søgaard. Transition Into Recurring Revenue, “Faster Than Expected” The group’s CEO also took the […]
Business
November 16, 2023
Maymann Prepares to Take the Lead at Superbet Group
Romania’s sports betting leader, Superbet Group, has reinforced its leadership with the appointment of a new chief executive officer. The one up to the task is Jimmy Maymann who is set to step into the office on January 15, 2024. Maymann originally joined the company in May, first stepping into the position of deputy chair […]
Business
November 16, 2023
Kambi Group Appoints Anders Ström as New Chair of the Board
It’s been a busy fall for Kambi Group, the premium business-to-business sportsbook supplier created to improve the sports betting experience for global players by partnering with visionary operators and “offering the ultimate in sports betting technology.” At the end of September, the group announced a partnership extension with ATG, a horse racing and sports betting […]
Business
November 15, 2023
Aristocrat Publishes FY 2023 Results
Aristocrat has published its full-year results for 2023, posting a robust revenue and EBITDA gain. Between September 2022 and September 2023, the company recorded operating revenue of AUD 6.3 billion. Now licensed in 103 countries and 327 jurisdictions, the company also reported EBITDA of AUD 2.1 billion. Based on normalized results, operating revenue recorded year-on-year […]
Business
November 15, 2023
Tencent Music Reports Q3 Decline amid China’s Crackdown on Gambling
Tencent Music, a company that develops music streaming services for the Chinese market, has reported satisfactory Q3 results despite the setbacks caused by the country’s crackdown on online gambling and certain gambling-like gamified features. As reported by Reuters, the music streaming company surpassed its initial quarterly estimates thanks to the noticeable increase in paid subscriptions. […]
Business
November 15, 2023
Ainsworth Explores Opportunities, Mulls over Going Private
Ainsworth Game Technology, a leading Australian casino machine manufacturer, might exit the Australia Stock Exchange amid considerations of strategic alternatives. This announcement comes almost a year after the supplier restarted paying dividends to its shareholders. As announced, the supplier is in the process of exploring opportunities and eyeing a return to being a private company. […]
Business
November 14, 2023
Galaxy Gaming Posts Q3 Results, Reports Increased Losses
Galaxy Gaming, a leading casino table games developer, has published its financial results for the quarter ended September 30, 2023. While the company reported increased revenue, its net loss doubled. The third quarter of 2023 notably saw Galaxy Gaming report revenue of $6.1 million, representing an increase of 3%. In the meantime, the company’s Adjusted […]
Business
November 14, 2023
Paysafe Maintains Its Momentum, Posts Favorable Q3 Results
Leading global payments provider Paysafe has published its Q3 results, reporting increased financial results for the third quarter of the year. The company, which just penned a major agreement with Fanatics Betting and Gaming, is optimistic about its continued momentum. In Q3, Paysafe reported revenue of $396.4 million, up 8% year-on-year. This increase represents a […]
Business
November 14, 2023
Genius Sports Raises Full-Year Guidance after Robust Q3 Performance
Genius Sports, the data, technology, and broadcast company, has reported a significant increase in Q3 revenue, prompting an upward revision of its full-year guidance. The leadership team remained optimistic regarding prospects, noting that the business had reached a critical turning point. Genius will likely focus on improving customer onboarding and utilization and forging new strategic […]
Business
November 10, 2023
Flutter Entertainment to Delist from Euronext Dublin, Eyes New York Listing in Q1 2024
Flutter Entertainment, the parent company of FanDuel, has decided to delist from Euronext Dublin, Ireland’s stock exchange, as part of its strategy to add a New York listing in the first quarter of 2024. The move comes amid regulatory considerations and technical challenges in maintaining the company’s Dublin listing. Europe Remains a Challenging Regulatory Environment […]
