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Industry
January 24, 2023
PredictIt to Shut Down for Violating Terms of Operation
PredictIt, the popular futures exchange tied to political events, has until February 15 to close all existing markets and shut down, putting an end to the legal availability in the US of bets on political events. Violation of Terms Established in collaboration with the Victoria University of Wellington, in New Zealand, PredictIt is now facing […]
Business
January 24, 2023
Sportech Optimistic for 2022 Numbers in Pre-close Update
The global betting and technology company has announced its pre-close trading update in relation to the financial year that ended on December 31, 2022. Sportech praised its gross gaming revenue for the previous year, with emphasis on its sports betting vertical’s strong and constant performance. Food and Beverage Revenue Growth, Lower Operational Costs The company […]
Business
January 24, 2023
Michigan Online Betting and Casino Close to $2bn in Receipts for 2022
Overall, the gross receipts from commercial and tribal iGaming and internet sports betting operators hit $1.98 billion in 2022. This result marked a strong 41% increase when compared to the $1.4 billion in gross receipts reported a year ago, in 2021. A breakdown of that total showed that internet sports betting contributed $399.6 million in […]
Business
January 24, 2023
Aristocrat Poised for Strategic M&A Deals According to Fitch Ratings
Fitch Ratings has recently evaluated the creditworthiness of Aristocrat Leisure, affirming their Long-Term Issuer Default Rating at “BBB-“. The outlook on the rating is stable. Sound Balance Sheet Will Enable Aristocrat to Pursue M&A Deals The positive assessment is based on Aristocrat’s strong business profile as a global gaming supplier and low gross leverage. The […]
Industry
January 23, 2023
Louisiana Sports Betting Brings Record Profits in December
According to the Louisiana Gaming Control Board, mobile sports betting contributed the majority of this revenue, with a total of $30.5 million generated. Retail sports betting also saw an increase, generating $6.4 million in revenue in December. Record Revenue Despite Decrease in Total Handle The growth of sports betting revenue marks the fourth time that […]
Business
January 20, 2023
Kambi Sets Ambitious Financial Targets for the Next 5-Year Period
These targets, which were presented at the company’s Capital Markets Day on January 19, include revenue of 2-3 times the levels of 2022 by 2027 and an EBIT of over EUR 150 million ($162 million). Ambitious Targets Backed by Key Factors The company’s Board of Directors has based these targets on a number of key […]
Business
January 20, 2023
Totem Technologies to Supply the Eastern Shawnee Tribe with Fintech
The Eastern Shawnee Tribe of Oklahoma will employ Totem Technologies’ safe financial solutions, TG&H reported yesterday. According to the tribal gaming news outlet, the agreement will allow members of the tribe to use Totem’s digital banking accounts. Totem to Supply the Tribe with Financial Solutions The report noted that the Easter Shawnee Tribe and Totem […]
Business
January 20, 2023
Real Luck Group Enjoys Stellar 2022 and Plans Growth in 2023
On Thursday, Real Luck Group released its Q4 report, revealing that its global betting handle surpassed CA$3 million ($2.23 million) by the end of the period. Additionally, the company reported that its fourth quarter revenue has seen solid growth, increasing by 120%. Not unexpectedly, Real Luck reported that the total player deposits in Q4 2022 […]
Industry
January 19, 2023
Pennsylvania Financial Results for 2022 Reveal Booming Gaming Industry
In the calendar year 2022, the combined revenue of slot machines, table games, sports wagering, iGaming, video gaming terminals (VGTs), and fantasy contests totaled $5.2 billion compared to $4.7 billion in 2021. iGaming Was the Main Contributor to the Record Revenue Growth One of the main drivers of this revenue increase was the growth in […]
Business
January 19, 2023
Catena Media Posts Preliminary Q4 2022 Results
Catena Media published the preliminary results for its performance during the final quarter of the year. It added that the year-end report will be published on February 22 this year. Catena Media Expanded in NA As evidenced by the results, Catena Media is on the rise in North America, its primary market. Data shows that […]
