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Business
March 31, 2022
Codere Online Accounted for Full Year 2021 Revenue Growth
Codere Online, an independent publicly listed company spun off Madrid-based Codere Group, released its fourth quarter and full year 2021 financial report, posting flat quarterly results and 17% growth in 2021 net gaming revenue. Flat Quarter, Double-Digit 2021 Growth For the quarter ended December 31, 2021, Codere Online achieved net gaming revenue of €22.2 million […]
Industry
March 31, 2022
Network Gaming’s Strategic Funding Round Raised £1.25m
A strategic round of funding saw Network Gaming attract £1.25 million ($1.65 million) investment from industry angels, including Betfair co-founder Andrew Black, to support its efforts to innovate sports prediction games. Games to Complement Live Sports Experience Betting technology company Network Gaming raised the money to power the next phase of its international growth and […]
Business
March 30, 2022
Suncity Group 2021 Report Casts Doubts on Company’s Future
Suncity Group, the junket operator at the core of money laundering issues for Australian casino operators Crown and Star, released its full year 2021 financial results, stating that the business can continue operating in the next 12 months on a going concern basis. Material Uncertainties on Ability to Continue as a Going Concern The group […]
Business
March 25, 2022
Gambling.com’s Full Year 2021 Revenue Growth Offset by Expenses
Affiliate services provider for the gambling industry Gambling.com Group released its full year 2021 financial results Thursday, reporting revenue growth of 51% and a 17.8% drop in net income. Organic Revenue Growth Gambling.com Group’s revenue for the year ended December 31, 2021, amounted to $42.3 million, up from the $28 million reported in the previous […]
Esports
March 16, 2022
Challenger Secures Another Undisclosed Funding Round with SeventySix
Challenger, an esports betting platform, has participated in a second seed investment round led by SeventySix Capital. The investment will be used to allow the company to expand its product beyond desktop gaming and on Xbox and PlayStation consoles along with new content, competitive features, and other complementary initiatives that would create a strong foothold […]
Business
March 14, 2022
Genius Sports’ Revenue for Q4 2021 Up a Massive 79% Despite Huge Net Losses
Despite its skyrocketing Q4 2021 net losses, innovative sports, and technology company Genius Sports managed to grow its revenue by almost 79%, reaching $84 million. The upcoming two years are looking bright for the company with profitability on the horizon, according to the company’s fourth-quarter earnings call. Genius Sports Recorded $262.7 Million in Full Year […]
Industry
March 9, 2022
888 Eyes Long-Term Sustainable Growth with Record 2021 Revenue
888 Holdings released today its audited full year 2021 financial results posting record revenue and EBITDA and growth across all key metrics. Key Performance Metrics The Gibraltar-based gambling group registered $980.1 million in full-year 2021 revenue, up 15% on $849.7 million in 2020, with B2C operations across both core and growing markets being the main […]
Business
March 3, 2022
Bet365 CEO Coates Banked £300M Despite Pay and Dividend Cuts
Bet365, an online gambling brand operating out of Stoke-on-Trent in the UK, announced broadly flat revenues for the financial year ended March 28, 2021, yet its founder and co-chief executive officer Denise Coates reportedly took home nearly £300 million ($400 million). Highest Paid Director 54-year-old Coates was paid a £250 million ($333 million) salary and […]
Business
March 3, 2022
Entain Sees Online Growth Sustain FY2021 Results, Retail Returns in 2022
Entain Plc has been looking at a strong 2021 for a while now, but the final results are in and the brand whose digital transformation has been presided over by chief executive Jette Nygaard-Andersen has tapped into a resilient and unshakable source of strong financial performance. The company took a hit in its retail results […]
Business
March 3, 2022
Morgan Stanley Optimistic about DraftKings’ Stock Despite Short-Term Losses
A recent Morgan Stanley analyst note is bullish on the potential of the DraftKings stock as gaming shares are a hotly debated topic in investment circles. Some have advised that more consolidation of the sector would be needed before any real gains can be realized. Yet, the outlook from Morgan Stanley for the fantasy and […]