New Zealand betting services provider TAB NZ released today its tenth monthly trading update for the 2021/22 financial year covering the performance in May 2022. Financial Performance Indicators TAB NZ failed to meet its turnover budget targets in May despite the slight ease of the impact of the current coronavirus outbreak which resulted in increased […]
Investors looking to buy gaming and gambling stocks on the cheap may have the opportunity to finally do so as JMP is offering what it believes to be a number-backed analysis into some worthwhile stock purchases. Naming the Winners Hidden in Plain Sight While the bank refrains from giving overly-optimistic prognoses, it has good reasons […]
Esports company Allied Esports Entertainment released today its first quarter 2022 financial results, posting its best quarterly performance of all time in both revenue and adjusted EBITDA. Business Performance Metrics For the three months ended March 31, 2022, Allied Esports Entertainment posted revenues of $2.4 million, a massive 381% increase on $501,000 in Q1 2021, […]
The Australian arm of JP Morgan, a global leader in financial services, announced that Aristocrat Leisure, a global gaming content and technology company, is experiencing a strong post-pandemic recovery. The finance specialists said that the company’s business has recovered beyond pre-COVID levels and will likely keep on growing. JP Morgan Forecasts Growth for Aristocrat Experts […]
Macau, the former global gambling Mecca, is facing a slow recovery if projections from Credit Suisse are to become true: the investment bank estimates gross gaming revenue in 2024 will only reach 80% of the 2019 level. Mass GGR Recovery Slower than Anticipated Credit Suisse released the forecast in a note Wednesday, stating that the […]
The lottery business in the United States is valued at $100 billion annually and it is mostly cash-based. But one company is looking to change that and enable customers to purchase official lottery tickets online in multiple states. This company is called Jackpot, an online lottery ticket app and platform, that recently closed a $35 […]
888 has published its final trading update as it approaches the acquisition of William Hill International, a once-mighty gambling behemoth that has been gobbled up by Caesars Entertainment and triple-eights. The company though seems to be in good financial standing with the revenue for the 12 months ending on February 28, 2022, sitting at £690 […]
A relatively new sports affiliate marketing business, Sports Gambling Guides (SGG), received further investor backing in a $2 million second round funding. Among the new investors at SGG was venture capital firm Astralis Capital. Targeting Social Media Customer Engagement SGG, the social media-focused sports marketing company launched in 2020 that offers a bold new take […]
Spain’s regulated gambling market continues to see suboptimal gross gaming revenues. The country’s regulator just published the financial results for the first quarter of the year. According to them, GGR experienced a decline of almost 15%. Revenues Declined Across the Board The Director General for the Regulation of Gambling (DGOJ) reported that the sector earned […]
Swedish-based gambling group Betsson AB announced this week it has managed to successfully place new senior unsecured bonds in the amount of €90 million ($94.23 million). Institutional Investor Interest The new bonds issued by Betsson AB are under a framework of up to €250 million ($261.75 million), have a tenor of three years, and bear […]
