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Industry
October 3, 2022
Ainsworth Names Lynn Mah as CFO, Replacing Ludski
Ainsworth Game Technology, a leading gaming solutions supplier, has strengthened its financial team with the promotion of Lynn Mah. The latter will serve the renowned provider as its new chief financial officer. Mah to Replace Ludski as CFO Lynn Mah’s tenure at Ainsworth will officially begin at the beginning of the next year. Starting January […]
Industry
October 3, 2022
Macau’s GGR Declined by 50% in September
Macau’s struggles are far from over. In September, the special administrative region recorded 50% lower gross gaming revenue than it did for the same period last year, Macau’s Gaming Inspection and Coordination Bureau reported. However, there is hope on the horizon as Macau’s GGR shows signs of recovery. Macau’s Industry Experiences Setbacks Macau’s gambling industry […]
Industry
September 29, 2022
GBP Collapsed to All-Time Low amid Broader USD Strength
Financial markets like consistency and when institutions in a country do not operate on the same wavelength and send mixed signals, they react chaotically and it is the currency of the country that falls victim, confirmed by recent developments around the British pound. The Pound Collapse The GBP fell to an all-time low of 1.0327 […]
Industry
September 23, 2022
Finance Expert Talks Gambling Income amid Circa’s NFL Pool
Ryan Ermey, a senior reporter for CNBC’s Make It Money, is one of the many people who enjoy placing a wager or two in their free time. As statistics have demonstrated, sports betting is the preferred pastime of more and more people in the United States. However, some people are still not knowledgeable of the […]
Business
September 22, 2022
Favorable August Results Show EBET’s Strategy Works
Engaging and unique esports wagering experiences provider EBET (formerly Esports Technologies) has been working hard to curb its net loss and boost AEBITDA. The company reported major progress with losses plummeting throughout July and August. EBET’s Recorded Significantly Lower Losses According to EBET, it only lost $3.8 million during the two months. Meanwhile, adjusted EBITDA […]
Business
September 22, 2022
Playtech’s H1 2022 Revenue Hits €792.3M, up 73% YoY
The leading online gambling software supplier, Playtech, released its financial results for the six months ended June 30, 2022. The Company’s First Half Revenue Hits €792.3 Million The company reported strong revenue growth during H1. Overall, Playtech’s revenue for the first six months this year hit €792.3 million ($785 million). When compared to the same period in 2021, when […]
Casino
September 14, 2022
Groupe Partouche Posts Favorable Q3 Results
Groupe Partouche, a French casino company founded in 1973, has published its financial results for the third quarter of the current fiscal year. The company recorded a slight increase in its revenues thanks to the lifted COVID-19 restrictions. Strong GGR Was Offset By Rising Costs Groupe Partouche posted a GGR of $168 million for the […]
Business
September 14, 2022
Kindred Group Announces Long-Term Strategy and Financial Targets
Online gambling operator Kindred Group is going to present the group’s latest financial targets at a special event hosted by the company in London on September 14, which will also be available online as a video recording on the group’s website later the same day. Kindred Group presents Its Strategy and Long-term Priorities for […]
Business
September 9, 2022
ASX Sports Seeks €750,000 with a Funding Campaign
Blockchain-powered fantasy sports provider ASX Sports announced a new crowdfunding initiative. The campaign plans to raise an additional €750,000, focusing on medium and small investors who will receive equity in the company. The operator simultaneously launched its newest live fantasy sports product, allowing peer-to-peer contests during games. ASX will use the extra funds to capitalize […]
Casino
September 8, 2022
Cirsa Invests in International Expansion amidst Stellar H1 Results
According to recent financial data, Spanish gaming and leisure giant Cirsa is on track to a complete recovery. The Blackstone-owned company has returned to pre-COVID levels for the first time after the pandemic. The operator plans to use this newly found momentum to fuel its expansion in Italy and Morocco. Half One Results Indicate Steady […]
