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The Latest in finance
Casino
February 14, 2024
Casinos in Detroit Post Disappointing Results for January
The results posted by Detroit’s three casinos in January marked one of the worst figures for the last decade, with the exception of the period during the pandemic. Data released by the gambling regulator in Michigan, the Michigan Gaming Control Board (MGCB), reveals that the total casino gaming revenue reported by the city’s three casinos […]
Business
February 14, 2024
Catena Media Updates Financial Goals as CEO Daly Targets AI Supremacy
Catena Media CEO Michael Daly has commented on the company’s AI capabilities in the wake of the company’s Q4 report. While he dubbed the financial results “disappointing,” Daly believes that the affiliate has an edge over its rivals when it comes to artificial intelligence. The firm has long been investing in AI solutions, seeking to […]
Industry
February 14, 2024
Former BaltCap Partner Arrested for €27M Misappropriation
Earlier this month, the European Public Prosecutor’s Office (EPPO), the independent public prosecution office of the European Union, requested the arrest of Sarunas Stepukonis, a former BaltCap Infrastructure Fund partner, over suspicion of misappropriation of €27 million ($28.9 million) from the fund. The aforementioned request for the arrest of the former BaltCap partner was confirmed […]
Business
February 13, 2024
Catena Posts Weak Q4 Results, Reports Decrease in Revenue for 2023
Catena Media released its latest financial report, uncovering details regarding its performance for the fourth quarter and full year 2023. Released Tuesday, the new report acknowledged “weak” quarter results amid an ongoing investment that seeks to propel future growth and profitability. Details disclosed by Catena reveal that its Q4 2024 revenue from continuing operations took […]
Business
February 13, 2024
Dmitry Belianin Starts Angel Investment Company
The experienced marketing strategist and leader within the betting vertical with nearly two decades of experience in the sector, Dmitry Belianin, announced the foundation of an angel investment company. News regarding the former PMI executive emerged Monday via his personal LinkedIn page. Belianin confirmed that his angel investment company is named after him, Belianin, and […]
Industry
February 12, 2024
New York Posts Record-Breaking Online Sports Betting Revenues in January
New York continues to break its online sports betting revenue records month after month, once again publishing unprecedented results in January. According to official data, licensed sportsbooks recorded a total sports betting GGR of $211.5 million. This figure smashes December’s previous record, attesting to the fact that the New York betting sector is yet to […]
Business
February 12, 2024
DraftKings’ Executives Sell Nearly $80M Worth of Shares
A handful of high-level executives with DraftKings, the leading American gaming and entertainment company, have sold nearly $80 million worth of company shares over the last three weeks. Details regarding Form 144 filings disclosed by the company reveal that the dumping of shares began on January 22, 2024, while the latest Form 144 reports were […]
Business
February 9, 2024
Better Collective Publishes Unaudited FY 2023 Report
Just after finalizing its acquisition of Playmaker Capital, Better Collective published its unaudited full-year report. The company said that 2023 was a very strong year and that the results exceeded its guidance. According to the company’s announcement, its full-year revenues reached EUR 327 million ($352.5 million), which represents a 21% year-on-year growth. EBITDA, on the […]
Business
February 9, 2024
BetMGM Reports Strong FY 2023 Performance
BetMGM, a leading sports betting and iGaming operator jointly owned by MGM Resorts International and Entain, has announced robust financial results for the fiscal year 2023, according to unaudited figures. The recent report reflected on the performance of some key verticals, providing insights into the operator’s strategy and plans to tackle rising industry challenges. Most […]
Business
February 8, 2024
Red Rock Resorts Enjoys Strong Q4 and Full Year 2023 Results
The leading casino and hospitality company, Red Rock Resorts, published its latest results, uncovering details regarding its performance for the fourth quarter and full year 2023. On Wednesday, the company released its unaudited report, pointing to strong growth in revenue as well as an increase in adjusted EBITDA for the three months ended December 31, […]