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Business
April 26, 2022
High-Risk Gamblers Make Up only 3.3% of Kindred’s Profits
Kindred Group, a company operating nine gambling brands, has reported that a smaller portion of its revenues come from problem bettors than in 2021. Kindred Earns Less from Problem Gamblers According to numbers shared by the company, only 3.3% of its overall revenues during the first quarter of 2022 have come from harmful gambling. Taking […]
Casino
April 25, 2022
SJM Holdings’ Liquidity Runs Low, According to JP Morgan Analysts
SJM Holdings’ liquidity has been labeled as “worrying” by JP Morgan analysts as concerns are rising concerning SJM Holdings’ refinancing abilities as the pandemic keeps soaring. The Macau casino concessionaire was among the businesses that paid a lot of money to extend their licenses until the end of 2022. SJM’s Cash Reserves Can Last for […]
Business
April 22, 2022
Luckia Gaming Group Set to Exceed Pre-COVID Sales Figures
Casino and gaming company, Luckia Gaming Group, not only managed to deal with the crisis in 2021 despite the Covid 19 pandemic, but it also fully recovered in the last quarter of 2021, matching similar sales volume figures from 2019. In 2022, the company is working even harder in order to maintain this upward momentum. […]
Casino
April 20, 2022
888 Holdings Reports B2B and B2C Revenues Went Down 18% in Q12022
888 Holdings, a global leader in iGaming and online betting has announced an updated trading report. The group reported revenue of $224 million for the first three months of the year that ended March 31 2022, signaling an 18% decrease compared to last quarter’s numbers. Trading Update for the First Quarter The group’s 18% YoY […]
Industry
April 18, 2022
Light & Wonder Reduces Its Debt by More than 50% Via a Refinancing Plan
Global gaming firm Light & Wonder has stated that it has reduced its debt by more than 50% via debt refinancing. The money came from the sale of its lottery business. With this move, the company’s debt has been reduced from $8.8 billion to $4 billion. The Company Aims to Reduce the Debt Even More […]
Business
April 14, 2022
Super Group’s YoY Revenue Shoots Up 45% in 2021, Marking a Good Year
After revealing a 36% year-over-year (YoY) net gaming revenue increase projection for 2021 in its preliminary full-year report at the end of February, Betway and Spin holding company Super Group (SGHC) made its full-year results public. The group only recorded a 29% increase in net gaming revenue. However, Super Group recorded impressive YoY increases in […]
Industry
April 11, 2022
Enteractive Receives Millions of Euros in Funding from Yolo Investments
Yolo Investments, a venture capital firm, has provided a crucial equity investment to Enteractive – a leading iGaming company focused on customer retention and reactivation solutions. Enteractive Will Scale Its Business The exact size of the funding was not publicly disclosed but the companies shared that it sits at “several million Euros” for a non-controlling […]
Casino
April 11, 2022
Kindred Group Announces a 30% Q1 Revenue Drop Amid Netherlands Exit
Nasdaq Stockholm-listed Kindred Group has revealed a trading update before its complete Q1 2022 report that will be released on April 28. The group with licenses and locations spread all over North America, Europe, and Australia has announced total revenue of £247 million ($322 million) for the first quarter of the current year. The numbers […]
Industry
April 7, 2022
Entain’s Q1 2022 Trading Update Revealed Recovery of Retail
Global sports betting, gaming and interactive entertainment group Entain released today a trading update for the first quarter of 2022, reporting strong revenue growth. Retail Nearly Back to Pre-Pandemic Levels For the three months from January 1 till March 31, Entain registered 31% growth in net gaming revenue driven mainly by the return of Retail […]
Business
April 1, 2022
GiG to Close Acquisition of Sportnco for €51.37m
Gaming Innovation Group (GiG) announced today the Board of Directors issued a resolution to complete the €51.37 million ($56.5 million) acquisition of Sportnco after the company obtained the required approvals from all relevant authorities. Increase Short-Term and Long-Term TAM The acquisition of Sportnco which was initially announced in December last year is expected to strengthen […]
