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Business
October 27, 2022
Kindred Expects Strong Year despite Q3 Decline
Online betting and iGaming operator Kindred Group released its official Q3 earnings statement, detailing the company’s current financial status and prospects. The Stockholm-listed operator’s year-on-year revenue dropped by 7%, but the management team remains confident in future success thanks to the strong Netherlands launch and the upcoming World Cup. Financial Results Were Less than Stellar […]
Business
October 27, 2022
Churchill Downs Reports 4.5% AEBITDA Rise
At the beginning of September, horse racing company and owner of Churchill Downs racetrack Churchill Downs Incorporated (CDI) signed a strategic deal with FanDuel, agreeing to supply the operator with services and technology that would allow customers to place pari-mutuel bets on races by the CDI. During the same time, Churchill Downs also announced it […]
Business
October 27, 2022
Evolution Revenue in Q3 Soars by 37% Hitting €378.5M
The leading B2B solutions provider for the online gambling industry, Evolution, released its latest trading update Thursday. Evolution’s Third Quarter Revenue Increased by 37% The recent report outlined the company’s financial performance for the period between July and September or the third quarter. In Q3 this year, Evolution reported €378.5 million ($380.4 million) in operating […]
Business
October 26, 2022
Svenska Spel Revenue Decreases in Q3 by 1% to $178.7M
The state-owned company that operates in the Swedish regulated gambling market, Svenska Spel, released its latest interim report outlining the financial performance for the third quarter of this year. Svenska Spel Revenue Dips by 1% In Third Quarter On Wednesday, the company revealed that its net gaming revenue for Q3 this year halted at SEK […]
Casino
October 26, 2022
Report Highlights Mohegan’s Economic Impact
Entertainment and gaming leader Mohegan published a new report, highlighting the economic impact of its properties. The company said that its venues generated a total of $5.2 billion in local economic activity within a year. Mohegan Commissioned an Inaugural Economic Impact Report Mohegan published the results of its first Economic Impact Report, a study conducted […]
Business
October 26, 2022
Betsson Enjoys Record €200.3M Revenue for Third Quarter
Betsson, the leading holding company within the growing iGaming industry, released its latest financial results, outlining the company’s performance for the third quarter of 2022. The Company Reports Best Quarter Ever On Wednesday, the company acknowledged that it has seen its best quarter ever with revenues hitting €200.3 million ($200.7 million). This result marked an […]
Business
October 26, 2022
Tabcorp Annual General Meeting, Q1FY23 Trading Update
The company’s recent demerger of lottery and keno has meant that each company will have its own focus and will be able to create its own strategy moving forward. The latest financial results for Tabcorp indicate that the main goal it had set for itself is on course to being met, and quickly. Expected Financial […]
Business
October 26, 2022
Boyd Gaming Posts Stellar Results Despite World Economic Downturn
US gaming operator and FanDuel strategic partner Boyd Gaming Corporation has announced solid financial results for the third quarter of 2022, which ended on September 30, 2022, despite worldwide economic challenges. Boyd Gaming Reported 4% Increase in Revenue Year-On-Year The cost-of-living crisis does not seem to be affecting people’s drive to gamble as Boyd Gaming, […]
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 […]
