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Business
December 6, 2021
Catena Media Paused Share Buyback Program after Two Rounds
Online lead generator for the iGaming industry Catena Media announced today its share buyback program would be paused in compliance with the requirements of the Maltese Companies Act (MCA) until the holding company has new distributable profits. Share Buyback on Hold The share buyback program that allowed Catena Media to expand its stake to 3.1% after two rounds of share repurchases will now cease […]
Business
December 6, 2021
Bullpen SPAC Launches With $200M IPO and Support From Industry Veterans
Two industry veterans launched а special purpose acquisition company launched on the Nasdaq stock exchange, following a $200 million initial public offering. Industry Veterans Have Launched a SPAC The initial public offering saw the company, going by the name Bullpen Parlay Acquisition Co, sell a total of 20 million shares at a price of $10 per […]
Industry
December 3, 2021
Intralot’s Q3 2021 Report Showed Signs of Business Rebound
International gaming solutions and technology provider Intralot SA released its third quarter and nine-month period ended September 30, 2021 report posting significant growth in revenue and EBITDA. Double-Digit Growth Intralot posted group revenue of €100.2 million ($113.2 million) and €302.8 million ($342.2 million) for the three-month and nine-month periods, up 8.2% and 24.4% on the […]
Business
November 19, 2021
Gambling.com Posts Robust Results in Q3 2021
Gambling.com Group Limited has reported a robust performance for the third quarter of the year, with the group’s results bolstered by a commitment to organic growth and methodically building up its footprint in the online gambling industry and shored up by the return of the sports season in the US. Return of Sports Bolsters Gambling.com’s […]
Blockchain
November 18, 2021
Blockchain-Powered Sports Betting Protocol BetDEX Gets $21M in Funding
Several former FanDuel executives have banded together to launch BetDEX – a new betting product that aims to be the first-ever decentralized sports betting protocol. The company has raised $21 million to jumpstart its operations. BetDEX to Revolutionize Sports Betting BetDEX is being developed by notable people, each with years of experience in the gambling […]
Industry
November 18, 2021
Aristocrat Finishes FY21 with 81% Profit Boost
Aristocrat Leisure Limited’s profits continue to outperform expectations as the company has wrapped up its FY21 to post a total of $628 million as its bottom line, up 81% year-over-year. The Australian slot machine company’s performance has been bolstered by strong growth in the digital space backed by its operations in the Americas and finding […]
Business
November 12, 2021
Inspired’s Q3 Result Demonstrate Growth Across the Board
Gaming provider Inspired Entertainment has released its financial results for the third quarter of the year, revealing a steady recovery and growth. Inspired Revenues Increase Across All Its Segments The company has scored 29% more revenue than it did for the same nine-month period last year. Its earnings for the period stand at $77.6 million. […]
Business
November 5, 2021
DraftKings’ Q3 Marks a 60% Year-to-Year Revenue Increase
American fantasy sports and betting operator DraftKings has met the 2021 Q3 revenue expectations it had announced in August. The company’s operations for the third quarter of the year have earned it a total of $213 million. DraftKings Reports a 60% Q3 Revenue Increase The aforementioned sum marks a 60% year-to-year increase, considering that DraftKings […]
Business
October 29, 2021
Evolution Scores Year-to-Year Revenues Increase in Q3 2021
B2B supplier of live casino services Evolution Gaming continues enjoying a significant increase in revenues in Q3 2021 thanks to its expanding portfolio of offerings. Evolution Gaming’s Revenues Have Doubled Up In the third quarter of 2021, Evolution has seen double the revenues it got for the same period in 2020. In comparison, its Q3 […]
Business
October 28, 2021
Scientific Games Agrees to Sell its Lottery to Brookfield for $6B
Yesterday, B2B gambling products and services provider Scientific Games announced its intentions to sell its lottery business. The buyer, the Canadian investment firm Brookfield, is putting forward $6 billion for the purchase. Scientific Games to Sell its Lottery Out of this total sum, $5.8 billion will be paid upfront, followed by another up to $225 […]