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Lottery
November 23, 2022
UK National Lottery Posts Record H1 Contributions, Revenue
The UK National Lottery has reported that its sales have reached an all-time high of £4.06 billion or roughly $4.85 billion at the time of writing. The sales were reported during the first six months of the 2022-2023 financial year and they are largely boosted by the operator leaning in heavily on digital sales. Camelot’s […]
Industry
November 23, 2022
Philippines Gambling Industry Set to Hit $10B by 2027
The Philippines casino industry is set to continue growing over the next several years, with gross gaming revenue set to reach $10 billion by 2027, GCG Gaming Advisory Services, a consultancy firm, outlined, cited by Asgam. Many Reasons for Optimism Moving Forward According to GCG, there is significant and consistent growth in the gambling industry […]
Industry
November 22, 2022
Super Group: Q3 2022 Results in Line with Full-Year Guidance
Super Group Limited (SGHC), the operating subsidiary of Super Group’s online gaming brands Betway and Spin, released its report for the third quarter of 2022, posting a 2% decrease in revenue and more than a 30% decrease in profit year-over-year. Revenue Took a Slight Hit But Remained Robust For the three months ended September 30, […]
Business
November 22, 2022
Sports Betting Handle in Louisiana Sets New Record in October
October was a strong month for regulated sports betting operators in Louisiana, judging by details released by the gambling regulator in the state. Last month marked the highest betting handle since the launch of mobile sports betting in the state. Sports Betting Handle Hits $219M in October The gambling regulator in Louisiana, the Louisiana Gaming […]
Business
November 22, 2022
AskGamblers Sale May Prop Up Catena’s Restructuring Efforts
Gambling affiliate operator Catena Media may soon enjoy a brief respite amidst a tumultuous 2022. The company has been underperforming in recent months and is now attempting to divest itself of some of its brands and stagnating European assets. Recent news suggests that AskGamblers.com, Catena’s online gambling player community portal, may have attracted a potential […]
Casino
November 22, 2022
Bally’s Inks a $500M Sale Leaseback Deal with Chicago Investor
Bally’s Corporation, one of the world’s leading entertainment companies, announced a new deal with a leading Chicago real estate private equity firm. As agreed by the two parties, the investor paid $200 million to acquire the 30-acre Tribune Publishing Center site. Bally’s Corporation Reached an Agreement with a Notable Investor The property in question is […]
Business
November 21, 2022
FCA Raises Concerns over Trading Apps with Gambling-like Features
First, it was the hype around crypto and then NFTs. Along with those, the popularity of trading mobile apps increased as well. While some consumers are after a long-term investment and show interest in financial markets, others may treat trading apps just like gambling. Trading Applications Offering Game-like Features The financial industry regulator in the […]
Lottery
November 18, 2022
Allwyn Announces €1.6bn Funding Deal with International Banks
Allwyn Entertainment announced that it had entered into a new €1.6 billion senior facilities agreement with a syndicated group of international banks. The €1.6 Billion Credit Facility Will Be Split Lenders under the aforementioned arrangement agreed to provide an aggregate €1.6 billion ($1.65 billion) facility to Allwyn International AS (“Allwyn International”, formerly known as SAZKA […]
Business
November 18, 2022
Operators in Pennsylvania Enjoy Strong Results in October
October marked another stellar month for licensed operators in Pennsylvania, judging by details released by the gambling regulator in the state. Gambling Revenue Hits $450.2M in October The Pennsylvania Gaming Control Board (PGCB), tasked with the regulation of sports betting and gambling in the state, revealed Thursday that the total revenue from all forms of […]
Business
November 18, 2022
New Jersey Operators Report $445.7M in Revenue for October
The gambling regulator in New Jersey, the Division of Gaming Enforcement (DGE), released its latest report outlining the performance of licensed sports betting, internet gaming and casino operators in October. DGE Releases October Report The total gaming revenue reported by racetracks, casinos and their partners last month hit $445.7 million. Although this was a strong […]
