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Gambling News - 'Finance'
Business
June 23, 2022
888 Releases Financial Update as William Hill Acquisition Looms
888 has published its final trading update as it approaches the acquisition of William Hill International, a once-mighty gambling behemoth that has been gobbled up by Caesars Entertainment and triple-eights. The company though seems to be in good financial standing with the revenue for the 12 months ending on February 28, 2022, sitting at £690 […]
Industry
June 21, 2022
Sports Gambling Guides Received $2M in Second Round Funding
A relatively new sports affiliate marketing business, Sports Gambling Guides (SGG), received further investor backing in a $2 million second round funding. Among the new investors at SGG was venture capital firm Astralis Capital. Targeting Social Media Customer Engagement SGG, the social media-focused sports marketing company launched in 2020 that offers a bold new take […]
Industry
June 20, 2022
Spain Q1 GGR More than Q4 2022, Less than Q1 2021
Spain’s regulated gambling market continues to see suboptimal gross gaming revenues. The country’s regulator just published the financial results for the first quarter of the year. According to them, GGR experienced a decline of almost 15%. Revenues Declined Across the Board The Director General for the Regulation of Gambling (DGOJ) reported that the sector earned […]
Business
June 18, 2022
Betsson AB Placed €90m in New Senior Unsecured Bonds
Swedish-based gambling group Betsson AB announced this week it has managed to successfully place new senior unsecured bonds in the amount of €90 million ($94.23 million). Institutional Investor Interest The new bonds issued by Betsson AB are under a framework of up to €250 million ($261.75 million), have a tenor of three years, and bear […]
Industry
June 16, 2022
Allwyn International Produced Solid Q1 2022 Performance
The winner of the fourth UK National Lottery tender Allwyn International posted today its financial results for the three months ended March 31, 2022, to reveal an overall solid performance and growth across key metrics. Consolidated Gross Gaming Revenue Allwyn recorded €869.3 million ($904.1 million) in consolidated gross gaming revenue in the first quarter of […]
Esports
June 2, 2022
Allied Esports on the Slow Road to Recovery
Allied Esports Entertainment Inc. recently announced its fourth quarter and 2021 annual financial results. The esports organizer reported a net loss of $6.3million for the quarter and $15.8 million for the entire year. This marks an improvement over 2020’s results when the Irvine, California-based esports company posted net losses of $31.7million. Things Are Starting to […]

Industry
June 1, 2022
Real Luck Group Posted Q1 2022 Revenue, Decrease in Expenses
Canadian firm Real Luck Group and its subsidiaries operating esports betting, sports betting and casino gaming under the Luckbox brand filed its first quarter 2022 financial results on the country’s portal for public companies System for Electronic Document Analysis and Retrieval (SEDAR). For the three months ended March 31, 2022, Real Luck Group posted revenue […]

Casino
May 31, 2022
Bloomberry Resorts Is on Its Way to Recovery after the Pandemic
Analysts at investment bank Morgan Stanley recently raised the earnings estimates of Bloomberry Resorts after the Philippines-based operator performed better than expected following Q1 of this year. Bloomberry is now projected to reach 71% of its 2019 EBITDA by the end of the fourth quarter, totaling PHP14 billion ($267.6 million). Bloomberry Is Steadily Returning to […]

Business
May 27, 2022
VICI Stock Attracts Significant Investments during Market Decline
During the first quarter of 2022, Point72 Asset Management, a hedge fund headed by Mets owner Steve Cohen, bought up 633,800 shares of VICI Properties. This comes amidst a slumping market and is likely an attempt by Cohen to adopt a more defensive strategy. Cohen Is Playing It Safe with Low-Risk Purchases It looks like […]

Industry
May 26, 2022
Super Group Posted Disappointing First Quarter 2022 Results
Operating subsidiary of Super Group’s brands Betway and Spin, Super Group Limited (SGHC), released its first quarter 2022 financial results impacted by industry and economic headwinds. SEAH Merger Impact SGHC registered for the three months ended March 31, 2022, a loss after tax of €163.2 million ($174.3 million), as compared to a profit of €38.6 […]