Business
November 7, 2024
Catena Media Considers Additional Cost-Cutting amid Rough Q3 Financials
Catena Media is eyeing new cost-cutting measures after challenging third-quarter results in 2024. The Malta-based company, specializing in digital marketing for the online gambling sector, saw its quarterly revenues dip by one-third, from EUR 15.9 million ($17.2 million) to EUR 10.7 million ($11.58 million) year-on-year. These results mark a trend of revenue decline that CEO […]
Business
November 7, 2024
Super Group Q3 Report Shows Africa Focus Is Paying Off
Super Group, Betway’s parent company, has published its financial report for the third quarter of the year, reporting a record-breaking revenue figure. The company attributed its amazing financials to its growth in key markets such as Africa, Europe and Canada. Super Group’s Strongest Q3 Yet Super Group, which operates Betway and Spin, reported revenue of […]
Casino
November 7, 2024
Bally’s Q3 2024 Shows Slight Revenue Drop, Yet Strong Market Position Remains
Bally’s Corporation has shared its financial results for the third quarter of 2024 showing a small drop in revenue but keeping its market strength amid ongoing growth and hurdles. Bally’s Reports $630M Q3 Revenue, Highlights Growth Amid Mixed Regional Results The casino and entertainment company reported total revenue of $630 million for the three months […]
Business
November 6, 2024
Livesport’s Flashscore Network Acquires BeSoccer’s Asset Portfolio
Livesport‘s flagship product, the Flashscore network, has successfully completed the acquisition of BeSoccer, a Spanish platform specializing in live scores, statistics, and news dedicated to soccer fans. The Largest Acquisition in Livesport’s History The strategic move with undisclosed terms underlines the brand’s commitment to expanding its presence in the sports tech industry, bringing an additional […]
Business
November 6, 2024
Kambi Maintains Growth Trajectory with Solid Q3 Results
The trusted provider of sports betting services and solutions, Kambi, released its latest financial update, pointing to strong results for the third quarter of 2024. Share Repurchase Program Announced with Q3 Financials On Wednesday, the company confirmed that its Q3 revenue hit €43.0 million ($46.3 million), a figure that pointed to a single-digit increase when […]
Business
November 5, 2024
Wynn Resorts Remains Optimistic on UAE Expansion Despite Underwhelming Q3 Results
Despite an unimpressive third-quarter earnings report, Wynn Resorts is doubling down on its ambitious expansion into the UAE, specifically through its landmark Wynn Al Marjan Island project in Ras Al Khaimah. CEO Craig Billings was optimistic about the UAE project, set to launch in 2027, as the operator expects it to usher in a new […]
Industry
November 5, 2024
$3.1M Tax Refund in Nevada Reveals Regulatory Loophole
In a settlement reached on Monday, the Nevada Gaming Commission agreed to refund Nevada Restaurant Services Inc. (NRSI), the operator of 41 casinos under brands such as Dotty’s and Bourbon Street Sports, a total of $3,120,197.28 in overpaid taxes. These overpayments resulted from an accounting error, over-inflating its tax payments. NRSI Uncovered Two More Years […]
Legal
November 5, 2024
High-Profile Fugitives Laundered Millions of Dollars at LVS Properties
Years ago, fraudsters stole some $4.5 billion from Malaysia Development Berhad, an insolvent Malaysian strategic development company. An investigator in Singapore now believes that some of the money has been siphoned to Las Vegas Sands properties via a shell company. The Largest Kleptocracy Case to Date Described as one of the world’s greatest financial scandals […]
Industry
November 1, 2024
Macau October Gross Gaming Revenue Surges to New Heights
Macau’s gross gaming revenue (GGR) climbed to MOP 20.8 billion ($2.6 billion) in October, the best month the region has experienced since COVID-19 restrictions were relaxed at the beginning of last year. According to Macau’s Gaming Inspection and Coordination Bureau (DICJ), this figure surpasses the previous high of MOP 20.2 billion ($2.52 billion) set back […]
Business
November 1, 2024
RSI Posts Strong Q3 Report, Boosts FY Guidance
Leading gaming and betting operator Rush Street Interactive (RSI), published its financials for the quarter ended September 30, outlining a vast increase in revenue and income. Because of the strong performance, Rush Street Interactive updated its guidance to reflect its current forecasts. RSI Posts Strong Metrics Across the Board Rush Street Interactive reported $232.1 million […]
