Business
November 14, 2024
Gambling.com Reports Solid Q3 Growth, Raises Full-Year Expectations
The provider of digital marketing services powering the global online gambling industry, Gambling.com, released its latest financial update. A New Quarterly Revenue Record On Thursday, the company uncovered details regarding its performance for the third quarter ended September 30, 2024, pointing to strong adjusted EBITDA growth in combination with an increase in revenue. Besides details […]
Business
November 13, 2024
Gentoo Media Enjoys Record Q3 2024 Revenue After Restructure
Following the recently completed structural business changes, the market-leading affiliate that helps connect iGaming and betting operators to players across the globe, Gentoo Media, released its latest financial update, pointing to exceptional revenue growth. Strong Financial Results Despite Business Split On Wednesday, the company, released its Q3 2024 financial results, highlighting a 35% year-over-year revenue […]
Business
November 13, 2024
L&W’s Q3 Remains Strong Despite Court Loss Against Aristocrat
Leading cross-platform game developer Light & Wonder has reported its Q3 financials, highlighting a strong balance sheet despite its court loss against Aristocrat. As the company’s surge continued, it recorded its 14th consecutive quarter of year-on-year growth. The Business Remained Strong According to its Q3 report, Light & Wonder recorded Q3 revenue of $817 million, […]
Business
November 13, 2024
Sports Betting in North Carolina Picks up Speed in October
October proved the be a busy month for licensed sports betting operators in North Carolina. Likely their performance was positively impacted by college basketball, considering the increase in revenue during last month. Licensed Betting Operators Post Solid Results On Tuesday, the state’s gambling regulator, the North Carolina State Lottery Commission, released details regarding the performance […]
Business
November 12, 2024
IGT Posts Strong Q3 Report Despite Slight Declines Across the Board
IGT, a global leader in gaming technology and content, has published its financials for the third quarter of the year, highlighting the strength of its business. The company also published its current forecasts for the FY results. Revenue Slowed Down But the Results Remained Strong Among other things, the company reported Q3 revenue of $587 […]
Business
November 12, 2024
Aristocrat Agrees to Sell Plarium to Modern Times Group
Globally recognizable gaming and entertainment company Aristocrat Leisure Limited announced its plans to divest a strategic asset. Plarium’s Divestment to Fuel Aristocrat’s Long-Term Growth Strategy Today, the company confirmed it has entered into a binding agreement for the sale of Plarium Global Limited, a leading mobile games developer by its subsidiary, Pixel United Holdings Limited, […]
Business
November 12, 2024
Endeavor Confirms Buyout of OpenBet and IMG Arena by OB Global Holdings
The global sports and entertainment company, Endeavor Group Holdings, announced Monday it reached an agreement to sell OpenBet and IMG Arena to OB Global Holdings LLC. Details regarding the strategic business transaction emerged on Monday. The Management Buyout Is Backed by Key Execs The transaction has a price tag of $450 million. Endeavor confirmed that […]
Business
November 11, 2024
DraftKings CEO Emphasizes Strong Growth Potential in Online Sports Betting
DraftKings CEO Jason Robins shared a positive outlook on the future of online sports betting pointing out big chances to grow and expand even with recent money changes. In a talk with Jim Cramer, who hosts CNBC’s Mad Money, Robins spoke about how the company did in Q3 2024 and gave his thoughts on the […]
Business
November 8, 2024
Evoke Shifts Focus to Europe with 2025 iCasino Shutdown in Michigan
Releasing its Q3 financial results recently, Evoke hinted at its plans to abandon the market in the United States and focus on European markets where it already enjoys exceptional growth. Part of that plan affects the company’s operations in Michigan via Sports Illustrated Casino and Sportsbook. The Company Offloads US B2C Assets Under Evoke’s plan, […]
Industry
November 7, 2024
GamCare Shifts Its Focus to the Banking Sector
In a strategic shift, the UK gambling charity GamCare has announced that it will no longer provide its Safer Gambling Standard services for gambling operators past 2024, redirecting the focus to supporting financial institutions in tackling gambling-related harm. This decision aligns with GamCare’s pledge to focus on providing direct support and broader, cross-sector projects. This […]
