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Casino
July 25, 2022
Bally’s Closed ‘Dutch Auction’ Tender, Published Results
Bally’s Corporation, the hospitality and entertainment company operating casinos, resorts and online gaming, announced today the preliminary results of its modified “Dutch Auction” tender offer which expired at midnight NYC time on July 22, 2022. Preliminary Numbers Released According to the preliminary count of the depositary for the tender offer, American Stock Transfer & Trust […]
Business
July 21, 2022
LVS’ Q2 2022 Revealed Wider Loss, Missed Expectations
Global developer and operator of convention-based integrated casino resorts Las Vegas Sands (LVS) Corp. reported Wednesday its second quarter financial results and revealed that the business continued to struggle amid restrictions and reduced visitation. Loss Wider than Market Expected For the three months ended June 30, 2022, LVS posted net revenue of $1.05 billion, up […]
Business
July 21, 2022
Evolution Posts Q2 and H1 Results for 2022
Evolution has published its interim report for the second quarter and first half of the year. The company reported strong performance across the board with operating revenues increasing by 34% to €344 million ($350 million) in Q2 2022. EBITDA for the company increased by 36.4% to €238.2 million ($242.68 million) or a margin of 69.3%. […]
Business
July 21, 2022
Betsson Sets Record-High Revenue in Q2, 2022
Betsson AB has published an interim report covering the second quarter of the year for the period between April-June 2022. The company posted strong all-time revenue driven by its most recent forays in the Latin American and Central and Eastern Europe and Central Asia regions. The company reported group revenue of €186.3 million over the […]
Casino
July 19, 2022
Naga Corp Rebounds with Net Profit of $52.7 million in H1
Hong Kong-listed Naga Corp reversed its losses from the first half year of 2021 with a net profit amounting to $52.7 million for the first half year of 2022. Sequential Growth in Results for Naga Corp for H12022 Increased foot traffic and overall business activities across all segments at Naga Corp’s integrated casino resort NagaWorld, […]
Business
July 15, 2022
Jackpot Cycle Makes Jumbo Predict 27.1% Revenue Growth for 2022
Australia lottery retailer Jumbo Interactive has predicted a 27.1% year-on-year revenue growth for the fiscal year 2022. The company also foresees its total revenue for the first half of the year ending on June 30 to go to AUS$103.8 million ($69.8 million). The number signals a 32.75% growth from $81.7 million ($55.2 million) in 2021. […]
Business
July 13, 2022
Sports Tech Company Cipher Secures $5 Million Series A Funding
Australian sports betting startup Cipher Sports Technology Group raised $ 5 million in a Series A round. The company competes in the B2B and B2C space and focuses on predictive analytic betting products, machine learning, and sports media. Cipher will use the newly acquired funding to expand its US business. Cipher Sports Technology Group launched […]
Casino
July 13, 2022
GameOn Secures $550,000 Loan from Proje
Canada-based web3 game technology company GameOn Entertainment Technologies Inc. has announced that it is signing a loan agreement with venture capital company Proje Ventures for the amount of $550,000. Loan to Be Used as Working Capital In a press release, GameOn has informed that the loan is going to go towards general working capital. The […]
Business
July 12, 2022
PlayUp To Undergo Strategic Review, Selling the Business Is an Option
PlayUp, a leading online gambling and betting operator, has announced that it will consider numerous alternatives in its strategic review, with one alternative being selling the business. The review was initiated by the company’s board of directors and Innovation Capital LLC is the review’s financial advisor. PlayUp Is Currently on a Mission to Expand in […]
Industry
July 11, 2022
Sports Bets Marketplace WagerWire Closed $3m Funding Round
WagerWire, a marketplace empowering sports bettors to trade with their active wagers, announced yesterday the close of a $3 million seed funding round led by Miami Marlins and Leeds United FC co-owner Roger Ehrenberg. Flipping Bets Like Buying and Selling Stock The innovative marketplace allows sports bettors to buy and sell already placed wagers across […]
