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Industry
August 22, 2022
BGC Pleads for Help as Energy Costs Hurt Casinos
The Betting and Gaming Council (BGC), industry body for UK betting and gaming, is concerned about the rising cost of living. The Council contacted the British government, asking it to take action. BGC Is Concerned about the Soaring Energy Prices The BGC noted that the higher costs of energy have dramatically affected the hospitality sector. […]
Industry
August 19, 2022
Scout Gaming Marks 47% Drop in Gaming Revenue
Business-to-business daily fantasy sports, fantasy betting, and sportsbook Scout Gaming Group has published its interim report covering January-June 2022. The report signaled a series of important revenue drops, including a 47% decrease in the company’s revenue from gaming operations during the second quarter. The Second Quarter, an “Intensive Period” The company’s business-to-business revenue reached mSEK […]
Industry
August 19, 2022
Gaming in Michigan Grows for the First Time in Months
Financial reports from Michigan’s tribal and commercial operators showed a recovery in the state’s gambling market, which was on the decline for the past three months. July’s gross online gaming revenue increased 8% compared to the previous month, reaching $148.2 million. The sum also marks a 32.4% year-to-year increase, alleviating concerns that the negative trend […]
Industry
August 18, 2022
Catena Media’s Momentum Came to a Halt
Catena Media, a publicly-listed media company, has published its financial results for the second quarter of the year. Although the company opened 2022 with record-breaking Q1 results, the company seems to have lost its momentum. Catena Media’s Revenue Declined Catena Media didn’t manage to surpass its record-breaking Q1 financial results. The company shared that it […]
Industry
August 18, 2022
Rank Group: Revenues Rebounded but Challenges Await
Rank Group, a UK-based gambling company, announced that its revenues have returned to 90% of their pre-pandemic levels. However, it is still early to celebrate as the company believes the next few months will be very challenging. Rank Group Expects Tough Times Rank Group, which operates the Grosvenor Casino and Mecca Bingo chains, might have […]
Sports
August 17, 2022
Sportradar Exceeds Expectations with 23% Revenue Boost
Nasdaq-listed, leading international technology company and provider of business-to-business sports betting announced its financial results for Q2. The quarter that ended on June 30 recorded a 23% overall increase in revenue and a 66% boost in revenue in the US segment. The numbers exceeded the company’s expectations, according to chief executive officer Carsten Koerl. EBITDA […]
Casino
August 17, 2022
Travellers International Reports Stable Q2 Growth
Travellers International Hotel Group Inc, the entity behind Resorts World Manila, recently renamed to Newport World Resorts, revealed its second quarter financial results. The operator’s performance metrics were included in an earnings call by one of its shareholders, holding company Alliance Global Group Inc. (AGI). Travellers International’s results were overall positive, continuing its recovery from […]
Business
August 16, 2022
Playmaker Capital Reports Operating Loss Despite Record Revenue
Digital sports media company, Playmaker Capital, released its Q2 financial results, highlighting substantial growth and record-setting engagement metrics. The Toronto-based company recorded impressive results across nearly all key performance indicators but reported an operating loss of $0.7 million for the quarter. Excellent Player Engagement Boosted Profitability The second quarter marked a significant return on Playmaker’s […]
Business
August 16, 2022
GAN Shows Mixed Results in Its Q2 Earnings Call
Online sports betting and iGaming software provider GAN Limited released its Q2 2022 earnings call. The company recorded revenues of $34.97 million for the quarter, constituting a 2% year-to-year rise compared to 2021’s $34.63 million. Despite the slight growth, this result missed estimates by 4.37%, as the earnings call revealed several underperforming metrics. Outside Factors […]
Business
August 16, 2022
GIG: Positive Net Profit & 37% Revenue Increase for Q2
Leading iGaming platform and media provider offering world-class solutions to partners and customers Gaming Innovation Group (GiG) has released the reports for the second quarter of 2022. The provider has reported a revenue boost of 37% for Q2 2022 compared to the same quarter of 2021. Out of the increase, 24% was organic, helping the […]
