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Business
August 1, 2022
Playtech Relinquishes Its SPAC Plans for Caliplay
The board of directors of gambling software developer Playtech announced that they are suspending their plans to publicly list Caliplay, the company’s joint venture with Mexico-based operator Caliente Interactive. An Alternative Solution for Caliplay Is Still Possible Earlier this year, Playtech revealed that it intended to merge Caliplay with a special-purpose acquisition company (SPAC) to […]
Industry
July 29, 2022
CDI Revealed another Impressive Quarterly Performance in Q2 2022
Racing, wagering and entertainment business Churchill Downs Incorporated (CDI) released today the financial results for the second quarter of 2022 posting increases in revenue and income. Double Digit Revenue Growth CDI registered in Q2 2022 net revenue of $582.5 million, up 13% as compared to $515.1 million in the second quarter of 2021. The company […]
Industry
July 29, 2022
PointsBet Continued to Impress with Q4 FY2022 Performance
Australian-based sports betting operator PointsBet released today its quarterly financial results for the three months ended June 30, 2022, posting impressive performance for the fourth quarter of the fiscal year 2022. Significant Increase in Q4 FY2022 Net Win PointsBet registered a turnover of AU$1.3 billion ($906 million), up 32% on the AU$986 million (%687 million) […]
Casino
July 29, 2022
The Star Entertainment Group Revenues Recovered in FY2022
The Star Entertainment Group filed with the Australian Securities Exchange (AUS) today a trading update on its expected revenue in the fiscal year 2022, balance sheet position and early fiscal year 2023 performance. FY2022 Unaudited Results For the 12 months ended June 30, 2022, The Star Entertainment Group expects normalized revenue of AU$1.53 billion ($1.06 […]
Business
July 29, 2022
FDJ Buoyant on Lottery Results in H1 and Cautiously Optimistic about Future
Groupe FDJ has posted results for the first half of the year noting a significant improvement in lottery operations in France. The organization reported that group revenues reached €1.2 billion during the first half of the year, which was 12% higher year over year. Lottery Remains Driver of Sales for FDJ Lottery and sports betting […]
Casino
July 29, 2022
GLPI Shares Q2 Financial Results, Revenue Reaches $326.5 Million
Gaming and Leisure Properties Inc. (GLPI) has reported its financial results for the second quarter of 2022. The report states that the company’s total revenue for Q2 was $326.5 million, which is an increase compared to Q1 of 2021 when the company’s revenue was $317.8 million. GLPI Completed Several Acquisitions in Q2 of 2022 Peter […]
Business
July 29, 2022
VICI Properties Published Second Quarter 2022 Earnings Report
Experiential real estate investment trust (REIT) VICI Properties released Wednesday its second quarter financial report posting growth in revenues year-over-year. Revenue Growth, Net Income Decline For the three months ended June 30, 2022, VICI Properties reported total revenues of $662.6 million to post an increase of 76% to the $376.4 million generated in the respective […]
Business
July 28, 2022
FanDuel Appoints New Chief Legal Officer amidst Management Reshuffles
Carolyn Renzin, former FanDuel chief risk and compliance officer , announced on her LinkedIn profile that she would become the company’s new chief legal and compliance officer starting this month. This promotion continues her almost three-year employment at the gambling operator. Renzin Has Substantial Legal Experience in Many Industries FanDuel was Renzin’s first contact with […]
Sports
July 28, 2022
Underdog’s $35m Funding Round to Support Product Innovation
A Series B funding round of $35 million announced by fantasy sports operator Underdog including funds and accounts managed by BlackRock and Acies Investments valued the company at $485 million. Moving into Sports Betting The funding round is expected to provide the funds necessary for Underdog to build innovative licensed sports betting products, expand its […]
Business
July 27, 2022
Malta’s Kombi Group Reports 19% Decrease in Revenue Year-on-Year
Malta-based B2B sports betting technology provider Kambi Group reported yet another positive quarter marked by revenue of €34.7 million ($35 million). However, there was a year-on-year decline as a result of the numbers being readjusted because of the DraftKings migration, the change of regulations in the Netherlands, and less sports events during the period from […]
