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Business
February 10, 2022
Betsson Reached 2021 Targets Despite Q4 Troubles
The Swedish gambling operator Betsson has released its Q4 2021 results. The company did hit its financial objectives but had a tough time in Europe. Betsson’s Troubled Q4 Looking at Q4, the company saw a 10% year-on-year decrease in its revenues, ending the quarter with revenue of $172 million. Betsson’s Q4 EBITDA decreased by 34% […]
Industry
February 9, 2022
Svenska Spel to Pay $318m Dividend to the Government
Swedish lottery and gambling operator Svenska Spel released its full-year 2021 financial report marking an above expectation performance with a SEK2.9 billion ($318 million) dividend payment to the government. Solid FY2021 Results The state monopoly on lottery and gambling Svenska Spel announced it would pay back to the government the multi-billion dividend to celebrate a […]
Business
February 9, 2022
Evolution Goes over the One Billion Full-Year Revenue Mark
Evolution’s Year-End Report for 2021 is out, and the numbers are looking great for the global gaming supplier. According to the fresh retrospective of 2021, the award-winning provider of an online live dealer and live game shows reached several important milestones last year, including going over the yearly revenue mark of €1 billion ($1.14 billion). […]
Business
February 8, 2022
Gambling.com Expects Record January and Strong 2022 Results
Gambling industry affiliate services provider Gambling.com released today its 2021 preliminary results and financial outlook for 2022 while providing an update on January’s performance. Preliminary 2021 Results The NASDAQ-traded Gambling.com, which released its first public report in August last year, estimates that its full-year ended December 31, 2021 revenue will be in the range of […]
Esports
February 2, 2022
Midnite Finalizes Funding Round, Adds $16m to War Chest
Midnite has completed another funding round, adding $16 million to its war chest, and hoping to spearhead its esports betting platform and various product in regulated markets worldwide. The London-based company let The Raine Group lead the Series A round. Midnite’s Established Track Record As a result, The Raine Group’s co-founder and partner John Salter will be […]
Esports
February 2, 2022
Electronic Arts Reports Biggest Net Bookings, Misses Earnings
Electronic Arts has had its biggest net bookings yet in the company’s history as the video gaming giant and publisher closed another successful three months ended December 31. The company’s total revenue reached $1.79 billion, up 7% and net bookings ended at $2.58 billion, up 7% as well. Nevertheless, this missed the expected $2.577 billion […]
Business
January 26, 2022
Bally’s Receives Takeover Offer 30% Greater than Its Valuation
Standard General must know something others don’t. The New York hedge fund has offered to purchase the shares it doesn’t already own of Bally’s Corp. at a $2.07-billion valuation. Standard General is managed by Soohyung Kim, Bally’s chairman. Bally’s Mulls Buyout Bid Standard General is the largest shareholder of Bally’s, holding 20% of the company. […]
Business
January 25, 2022
USB Endorses Fox Gambling Stock in Recent Update
Gambling stocks were routed in 2021 and the outlook for 2022 isn’t all too good. After reports that Wynn will put its interactive wagering division for sale, investors have begun asking if putting their money in gambling stocks is wise anymore. Fox Gambling Stock Shows Strength According to UBS analyst John Hodulik, there are still […]
Business
January 20, 2022
Esports Technologies’ Revenue Forecast Predicts $70M Through September
Las Vegas-based Esports Technologies is looking for a successful 2022. The company, which provides esports betting options for operators, is confident that a number of recent strategic moves will continue to propel it upward. By the end of the current fiscal year in September, its revenue will have reached $70 million, according to a company […]
Industry
January 18, 2022
888’s Trading Update Showed 14% Growth despite Q4 16% Slump
Online betting and gaming group 888 Holdings released today a post-close trading update for the 12 months ended December 31, 2021, posting stable growth driven by product strategy and continuous market expansion. Double-Digit Growth 888 Holdings announced its revenue grew by 14% driven by taxed and regulated markets which slightly increased its share of total […]