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Business
October 26, 2022
Kambi Revenue Dips in Q3 but Operator Turnover Rises
Kambi, a leading B2B sports betting platform provider for the global regulated gambling industry, released its latest report outlining the company’s financial performance for the third quarter of 2022. Kambi Releases Unaudited Q3 2022 Results The company released its unaudited report Monday, showing that its Q3 2022 revenue hit €36.7 million ($36.8 million), marking a […]
Industry
October 25, 2022
PointsBet CEOs Talk about Q1 FY23
In an earnings conference call, PointsBet executives discussed the current state of the company and its performance during Q1 FY23. Q1 FY23 Was a “Period of Progress” Sam Swanell, PointsBet’s chief executive officer, opened the conversation by calling the September quarter a “period of progress” for the company. He noted that PointsBet managed to launch […]
Industry
October 20, 2022
AGA Posts August Commercial Gaming Report
The American Gaming Association (AGA) reported that commercial gaming revenue increased in August. This marks the 18th month in a row with a positive YOY revenue increase. The Slots Sector Continues to Grow While the growth was not as remarkable as the one recorded during the summer months, it shows that the commercial gaming industry […]
Casino
October 20, 2022
Las Vegas Sands Q3 Financials Tell Complex but Familiar Story
They say that when a door closes, another one opens, and the finances of Las Vegas Sands definitely reflect that. The continued decline in the company’s Macau establishment earnings is in stark contrast to how well its Singapore resort is doing, and it just goes to show how important operating conditions are, and exactly how […]
Lottery
October 14, 2022
FDJ Publishes Q3 Report, Highlights Growth
Last month, French gaming operator La Française des Jeux (FDJ) launched Nirio, a new payment solution that transforms invoices into QR codes. During the same month, the operator announced it was considering the acquisition of horse racing and betting brand ZEturf, right before teaming up with Foundation du Patrimoine and donating $1.26 million for the […]
Business
October 13, 2022
NagaCorp to Likely Face Financial Trouble, Moody’s Predicts
Moody Corporation’s bond credit rating business, Moody’s Investor Service, is concerned about the future of NagaCorp amid China’s war on junkets. The Hong Kong-listed Cambodian operator has been struggling to recover from the pandemic and now faces significant refinancing risks. Moody Is Concerned about NagaCorp Moody’s concerns became evident when the rating company downgraded NagaCorp’s […]
Industry
October 12, 2022
Spain to Allocate Funds for Gambling Harm Research
Spain, which is already one of the strictest gambling markets in Europe, plans to place the industry under further scrutiny as it seeks to curb problem gambling. The Ministry of Consumer Affairs said that it would allocate a huge part of its budget to gambling harm prevention. Spain to Fund the Treatment of Gambling Harm […]
Esports
October 12, 2022
Rivalry Posts Q3 Results, Shows Progress
Rivalry, an esports betting platform made by gamers for gamers, posted its preliminary Q3 2022 results. During the three months ended September, the company’s revenues almost doubled. Rivalry Enjoys a Steady Growth Rivalry reported that its revenues experienced a stellar 93% year-on-year growth. Where the company earned $3.7 million in Q3 2021, it now got […]
Business
October 7, 2022
Catena to Save €5M in Europe and Re-Invest in the US
In August, Catena Media Plc announced it would scale down its European assets while throwing the focus on the North American market. This came after the company decided to place all assets on the Old Continent under strategic review on May 20, right before its interim results came out. Now, the company has announced that […]
Industry
October 4, 2022
French Gambling Reaches €5B H1 Turnover
France’s national gambling Authority (ANJ) is an independent body that reports to the Parliament and is responsible for regulating licensed gambling and betting games while overseeing responsible gambling policies for casinos. According to fresh data from the authority, the country’s sector has experienced an increase of more than 7% in the total turnover for the […]
