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Industry
July 22, 2021
Betsson Revealed All-Time High Profit in Q2 2021 Update
Swedish gambling operator Betsson AB published an interim report for the period April-June 2021, posting quarterly all-time high profit driven by its scalable business model. Growth in Revenue Continues Betsson revealed that the group’s first-quarter momentum continued, as revenue for the 3-month period ended June 30 was SEK1.752 billion ($210.2 million), an increase of 14% […]
Business
July 22, 2021
Las Vegas Sands’ Q2 2021 Report Painted Slow Recovery
Global land-based casino operator Las Vegas Sands (LVS) released its financial results for the quarter ended June 30, 2021, posting an operating loss for the quarter. Slow Pace of Recovery Las Vegas Sands revealed net revenue in the second quarter amounted to $1.17 billion, which compared to the $62 million the world’s leading developer of […]
Business
July 21, 2021
Evolution Posted Exceptional Second Quarter and H1 Growth
Gambling technology supplier Evolution released today an interim first half-year update, posting more than double operating profits as the industry continues to accelerate. Second Quarter Summary The company revealed revenues in the second quarter of 2021 reached €256.7 million ($320 million), an increase of 100% from the €128.3 million ($151 million) posted in the respective […]
Industry
July 12, 2021
Oregon June Sports Betting Posted Double-Digit Revenue Growth
Sports betting revenue in Oregon was on the rise in June, the monthly report released by the Oregon Lottery revealed. The state posted a double-digit increase in revenue on a sequential base. Steady Revenue Growth The Scoreboard, a sports betting product powered by Boston-based sportsbook and industry technology supplier DraftKings and run by the Oregon […]
Business
July 12, 2021
Betfred Reports Profitability Despite the Pandemic
Betfred reports profitability for 2020, despite the COVID-19 pandemic and the hardships it had along the way. Betfred Records Profit in Its Annual Report Betfred, a bookmaker based in the UK, has reported profitability despite the COVID-19 pandemic, thanks to HM Revenue & Customs (HMRC). Betfred’s annual report for the year to September 27, 2020, […]
Industry
July 7, 2021
Sports Betting Handle in Illinois Hits $507.3M in May
In May, the sports betting handle in Illinois reached $507.3 million, according to data released by the Illinois Gaming Board. Although the result marks a small decrease compared to April, May is the fifth consecutive month with a sports betting handle above $500 million. Illinois Records $507.3M in Sports Betting Handle for May In-person sports […]
Business
July 7, 2021
888’s Q2 2021 Post-Close Update Showed 10% Revenue Growth
888 Holdings, an online gaming group operating out of Gibraltar, released a post-close trading update, posting for the 3 months ended June 30, 2021, strong growth in revenue from B2C operations. B2C Revenue Increases 21% 888 generated in the second quarter of 2021 $247 million in B2C operations, 21% more compared to the reading for […]
Business
July 6, 2021
MGA Reports Gaming Growth but Less Contribution to Malta’s Economy
The Malta Gaming Authority (MGA) has recorded one of its highest growth rates in value, compared to other sectors, but it reports less contribution to the island’s economy. MGA Sees 2020 as an Exceptional Year In its detailed Annual Report and audited Financial Statements for the fiscal year, which ended on December 31, 2020, MGA […]
Industry
June 29, 2021
Spain’s iGaming Gross Gaming Revenue Grows by 10.2%
The Dirección General de Ordenación del Juego (DGOJ), Spain’s gambling regulator, released an update on the first quarter of 2021, showing a year-on-year increase of 10.2% in the country’s gross gaming revenue (GGR). The total GGR for the first quarter of the year was estimated at €240.1 million ($285.4M), which is an increase of 3.8% […]
Business
June 25, 2021
Penn National Gaming Projects Q2 Revenue to Stand at $1.5bn
The announcement comes after the operator unveiled the launch of a $400 million private debt offering for general corporate purposes. Penn Announces $400M of Senior Unsecured Notes Penn National Gaming expects revenue for the period April-June 2021 to range between $1.45 billion and $1.55 billion, which corresponds to an 18% increase compared to Q1. The […]