Business
September 4, 2024
Morningstar Expert Lauds Flutter Entertainment in Recent Analysis
The solid market share within the online sports betting (OSB) vertical in the US belonging to industry leaders FanDuel and DraftKings is unquestionable. The duopoly is estimated to hold between 70% and 80% of the OSB sector, leaving little room for competition. But while the two companies stay at the helm of betting in the […]
Business
September 3, 2024
FanDuel Gains Market Share in July Ahead of Football Season
Although the United States is recognized as a leading and competitive sports betting market, considering that nearly 40 states offer the activity and there are more than a dozen operators offering their services, a duopoly continues to hold a major stake in the vertical. FanDuel and DraftKings continue to hold a significant share of the […]
Business
August 30, 2024
BetMakers Posts FY 2024 Results, Highlights Reduction in Expenses
BetMakers Technology Group has published its financials for the 12-month period ended June 30, reporting an improvement in its operational discipline and a decline in expenses. The Company Reported a Reduction in Expenses Thanks to a “disciplined approach to its strategy,” BetMakers was able to improve its profitability, realizing significant material benefits. The company’s adjusted […]
Business
August 30, 2024
Analyst Cautious on Leisure Travel Demand amid Dip in Las Vegas Revenue
Although busy, July wasn’t the best month for gaming operators across Nevada. Data released earlier this week by the Nevada Gaming Control Board (NGCB) pointed to a gaming revenue decrease observed last month. In total, the gaming revenue in July was $1.3 billion, a figure that signaled a 6.91% year-over-year decrease when compared to the […]
Industry
August 29, 2024
Nevada Gaming Revenue Slips in July, but Experts Remain Optimistic
The most recent report by the Nevada Gaming Control Board (NGCB) shows GGR in the state settled at $1.3 billion in July of 2024, representing a 7% year-on-year drop in revenue. While this drop might sound like a red warning, some experts believe such a decrease should be perceived as seasonal rather than a part […]
Business
August 29, 2024
Rivalry Publishes Strong Q2 Results, Plans VIP and Crypto Investments
Rivalry, the leading sportsbook and iGaming operator for Gen Z, has published its financial report for the second quarter of the year, highlighting a jump in net revenue. The company attributed the favorable figures to its successful margin growth efforts. Rivalry Publishes Favorable Q2 Results In Q2, Rivalry handled CAD 87.8 million ($65.1 million) in […]
Industry
August 29, 2024
GambleAware Has Received £295K in RET Donations in Q1
GambleAware has published an update on the donations it received in the first quarter of the 2024/25 fiscal year. The period from April 2024 to June 2024 saw a total of £294,722.99 (approximately $388,000) in Research, Prevention, and Treatment (RPT) contributions. The Results Are In Line with Recent Years GambleAware, which relies on gaming industry […]
Business
August 29, 2024
Deutsche Bank Leads $4.3B Deal for Apollo’s Acquisition of Everi and PLC-IGT
Deutsche Bank AG is leading a $4.325 billion bond-and-loan offering to finance Apollo Global Management Inc.’s ambitious buyout of two big casino equipment suppliers. The deal represents one of the most pivotal mergers and acquisition moves in the gaming landscape this year, a sector where such high-profile deals are a rarity. Everi and PLC-IGT Will […]
Business
August 29, 2024
BlueBet Plans US Market Withdrawal to Focus on Growth in Australia
This spring, BlueBet, the emerging Australian betting giant, announced a strategic deal with Betr, a recognizable gaming and betting operator. After the announcement of this strategic collaboration, the company confirmed its plans to review its operations in the United States. Now, BlueBet confirmed its intention to exit the US market and focus on its growth […]
Business
August 28, 2024
GiG Publishes Strong Q2 Results Ahead of Strategic Split
Gaming Innovation Group (GiG) has published its financial results for the second quarter of the year (Q2). While the Media division performed well, Platform & Sportsbook struggled to catch up. Gentoo Media Posted Record-Breaking Results According to GiG, its Media division reported all-time-high revenues of EUR 30.3 million ($33.7 million), marking an increase of […]
