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The Latest in finance
Industry
April 4, 2023
Ohio Reports Massive Drop in Revenue and Sports Betting Handle in February
Last month, we announced that Ohio reached $1.1 billion in total sports gambling wagers in January, an impressive figure for the first month when the Buckeye State officially embraced sports betting. The second report from the Ohio Casino Control Commission issued at the end of last week has revealed that the earnings recorded by brick-and-mortar […]
Business
April 4, 2023
Colorado Betting Handle Dips in February but GGR Increases
A new report released by the Colorado Department of Revenue sheds light on the performance of licensed sports betting operators during February. Overall, the betting handle reported by operators this February hit $425.1 million. This result, when compared to the result from the corresponding period in 2022 marked a decrease, considering that back then, the […]
Business
March 31, 2023
GAN Posts Strong Q4 and 2022, Confirms Strategic Review Launch
North American business-to-business (B2B) technology provider of real money internet gaming solutions and fast-growing international business-to-customer (B2C) betting operator, GAN, released its unaudited financial results outlining the performance of the company during the fourth quarter and 2022. The company posted strong revenue growth for Q4 and 2022, complemented by growth within B2B and B2C segments. […]
Sports
March 31, 2023
March Madness Benefits Operators in Vegas and Beyond
Once again, the NCAA Men’s College Basketball Championship, also known as March Madness, attracted countless sports betting aficionados to Las Vegas. Despite its efforts to distance itself from gambling, the annual tournament continues to attract millions of punters. The Nevada Independent’s Howard Stutz reported that the West Regional Championship, which is the first time Las […]
Business
March 30, 2023
Kambi Reports Growth in 2022, Continues to Expand Product Reach
The premium provider of sports betting services to licensed business-to-customer gambling operators, Kambi, released its latest annual financial report, outlining the company’s performance in 2022, highlighting important achievements and outlining plans for the future. Released Thursday, the new report shows that Kambi’s revenue in 2022 hit €166.0 million ($181 million). This result, when compared to […]
Business
March 30, 2023
In 2022 DraftKings Spent $2M on Security, Airplane Costs for CEO
A recently-published Schedule 14A filing with the Securities and Exchange Commission (SEC) reveals financial data about DraftKings’ co-founder and CEO, Jason Robins’, expenses. The financial document points out that DraftKings spent nearly $2 million on airplane and security costs for Robins throughout 2022. Moreover, the CEO and co-founder also had some $131,607 expenses attributable to […]
Industry
March 30, 2023
The UK Cost-of-Living Crisis Magnifies the Country’s Gambling Harm Woes
As the recent record-breaking William Hill fine once again brings gambling harm into the limelight, GamCare shared a detailed analysis revealing that not all is good in the island nation. The charity shared a recent YouGov survey outlining how price hikes and rising inflation sometimes forced individuals to gamble to afford necessities. Problem gamblers suffered […]
Business
March 29, 2023
Nevada Gambling Operators Post 11% Revenue Increase in February
The gambling regulator in Nevada, the Nevada Gaming Control Board (NGCB), released its latest report outlining the performance of nonrestricted gambling licensees last month. The gambling watchdog revealed that the total gaming win in February this year hit $1.24 billion. This result, when compared to the corresponding period in 2022 marked an increase of 11.15%. […]
Business
March 23, 2023
Affiliate Gambling.com Publishes Unaudited Q4 2022 Results
Gambling.com Group, a provider of iGaming digital marketing services, has posted its unaudited financial results for the fourth quarter of 2022. The company’s revenue skyrocketed and so did its net income. Gambling.com reported $21.3 million for the period, representing a stellar 107% year-on-year increase from Q4 2021’s $10.3 million. Net income increased to $4.4 million, […]
Business
March 23, 2023
Better Collective Highlights 2022 Achievements in a New Report
The leading digital sports media group, Better Collective, released Thursday its 2022 annual report. The company highlighted strategic achievements and significant growth within regulated markets it has seen last year. At the same time, the new report hinted plans for further expansion and financial targets for the future. In 2022, Better Collective enjoyed strong growth […]