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Industry
January 18, 2023
NJ Gambling Operators Post Strong Results for December and 2022
On Tuesday, the gambling regulator in the state released the gaming results for December 2022 and the year-to-date results, showing the gambling industry enjoyed strong performance not only in December but for the full year as well. New Jersey Gambling Operators Enjoy Strong Performance in December Judging by the latest figures, the total gaming revenue […]
Industry
January 17, 2023
JP Morgan: Macau Operators Already Profitable
They say one swallow doesn’t make a summer, so Macau has been very proactive to diversify its efforts in restoring the SAR to its previous status as one of the best tourist spots for gambling aficionados. Operators Profitable Again The investment bank’s analyst – DS Kim – provided a weekly update sharing numbers for the […]
Business
January 16, 2023
STS Group Celebrates Successful Fourth Quarter and 2022
On Monday, the company released an update, outlining its financial performance for the fourth quarter and the full year of 2022. Fourth Quarter Brings Success for STS Group The new data revealed that in Q4, 2022, STS enjoyed its highest net gaming revenue (NGR). The NGR for the fourth quarter of 2022 hit PLN 200 […]
Business
January 13, 2023
888 Records Disappointing Q4 Results, CFO to Step Down
Leading global gambling company 888 Holdings saw a surprising decline in revenue in the fourth quarter despite a World Cup boost 888 explained the slight dip in revenue with the new online gambling regulations in the UK, regarding the quarter with optimism despite the disappointing metrics. The company’s retail segment performed well, recording a modest […]
Industry
January 13, 2023
Indiana Betting with Handle of $431.4M in December
Indiana published data about the performance of its sports betting industry in December. The industry recorded favorable revenues despite a noticeable handle drop. Indiana Publishes Data about the Performance of Its Sports Betting Industry The Hoosier State reported that its sports betting industry posted a slight decline. According to official data, the vertical recorded a […]
Industry
January 13, 2023
AGA Published Commercial Gaming Revenue Tracker for the Months Ended November 2022
The American Gaming Association published its Commercial Gaming Revenue Tracker, featuring state-by-state and nationwide financial performance data with breakdowns for individual gaming verticals. According to the AGA, the US commercial gaming industry experienced a 2.4% year-on-year growth in November. The Industry Posted Record-Breaking Revenue in November November was the 21st month of consecutive growth for […]
Business
January 13, 2023
Kindred Unhappy with Preliminary Q4 Results, Plans to Take Action
On Thursday, the company released an update for the fourth quarter of 2022, confirming it expects to see revenue of £305.0 million ($372.9 million). Kindred’s Q4 Revenue Impacted by the World Cup A year-over-year comparison reveals a solid growth of 24% when compared to the £224.9 million ($275 million) result reported for Q4, 2021. Comparison […]
Business
January 12, 2023
DAZN Lost Billions in 2021, Postpones IPO Plans
DAZN, a leading sports streaming platform, announced that its initial public offering may become a reality within three years. This news comes in the wake of a report which outlined the company’s losses in 2021. DAZN Lost Billions in 2021 DAZN is a sports streaming company that hopes to become the next powerhouse in media […]
Business
January 10, 2023
Catena Media Names Carnegie Investment Bank AB as Financial Advisor
The group that offers securities brokerage, investment banking, and private banking services will pay attention to all options regarding strategic transactions and public tender offers that the group has received. While Catena Media has not yet received a firm bid for its business or assets, the affiliate did agree to sell AskGamblers to the Gaming […]
Industry
January 6, 2023
bet365 Group’s Profit Sank by 95%, Revenue Marginally up
Stoke-on-Trent-based online gambling operator bet365 Group filed its annual report for the financial year 2021-22, posting a marginal increase in revenue but a nearly 95% slump in profit. Stable Revenue, Spike in Administrative Expenses For the 52 weeks ended March 27, 2022, bet365 Group registered revenue of £2.87 billion ($3.42 billion), with more than 99% […]
