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Blockchain
May 7, 2021
Goldman Sachs Launches NDFs with Bitcoin as Underlying Asset
US investment bank Goldman Sachs Group launched Bitcoin-tied derivatives trading to exploit profit opportunities from the $1 trillion Bitcoin market by allowing institutional investors to place big bets, Bloomberg reports. Cash-Settled NDFs The launch of trading with non-deliverable forwards (NDFs) followed the setting up of a trading desk by Goldman Sachs this year to help […]
Business
May 7, 2021
Penn 2021 First Quarter Results Point to Strong Recovery
Penn National Gaming revealed yesterday it generated in the first quarter of 2021 $1.27 billion of revenue driven by its online sports betting and iGaming businesses. 2019 Revenue Levels with Higher Trading Margin The increase of 14% compared to $1.16 billion posted in the first quarter of 2020 was more than enough for the gaming […]
Industry
May 6, 2021
Online Gambling Market in Spain Marks Growth in 2020
BtoBet’s most recent report reveals the growth of the online gambling market in Spain. In 2020, the market generated €850.7 million in GGR, marking an increase of 13.7%. A New Report Provides Insight on GGR for 2020 in Spain In 2020, Spain’s online gambling market generated €850.7 million in gross gaming revenue (GGR), according to […]
Blockchain
May 6, 2021
PayPal Posts Strong Q1 2021 Results Boosted by Crypto
PayPal has posted strong Q1 results in 2021, retaining its momentum from 2020 and benefiting from crypto investment. Crypto Boosts PayPal Results in First Quarter Investment in cryptocurrencies and blockchain has been impactful to the point where Tesla, a carmaker of electric vehicles, turned more in profit off its $1.5 billion Bitcoin investment in a […]
Business
May 5, 2021
Aspire Global Achieved Q1 2021 Record High Revenue and EBITDA
Aspire Global released in a trading update today its 2021 first quarter report posting another quarter of record high revenue and earnings before interest, tax, depreciation and amortization (EBITDA). Quarter Figures The technology solutions provider for the iGaming industry picked up in 2021 right where it left in 2020, posting revenue of €48.1 million for […]
Industry
December 20, 2020
Macau November Tax Revenue Up 203% Compared to October
A glimmer of hope for the fading casino industry in Macau was given by the latest financial data release by the city’s Financial Services Bureau, showing Macau government collected two times more in tax revenue in November compared to October. November Twice as Good as October The government in the Special Administrative Region (SAR) of […]
Industry
November 14, 2020
NJ: Record Sports Betting Handle for Third Month in a Row
New Jersey sports betting continued to gather speed in October, the latest revenue report from the Division of Gambling Enforcement (DGE) showed, posting the highest amount of wagers on sport nationwide for a third month in a row. Setting the Pace in Sports Betting Figures released Friday by the DGE revealed casinos and the three […]