Business
July 24, 2024
Gambling Handle Grows in Deadwood, South Dakota, Betting Soars
The spending on gambling in Deadwood, South Dakota, increased for the first half of the year, data released from the state’s Department of Revenue reveals. Currently, legal gambling activities are available only in Deadwood and at Native American properties. The recently released data reveals that since the start of the year through June, the spending […]
Business
July 24, 2024
Kambi Posts Favorable Q2 Metrics, Driven by Busy Sports Season
Kambi Group has published its financial report for the second quarter of the year, reporting a slight increase to €45.7 million ($49.6 million). The 3% increase in turnover would have stood at 20% instead if not considering the impact of the Penn online migration. Operating profit for the period, on the other hand, reached €6.2 […]
Business
July 23, 2024
EveryMatrix’s Q2 Report Highlights Record Quarterly Profit Margin
Leading iGaming tech supplier EveryMatrix has posted its Q2 results, reporting its highest-ever quarterly profit margin. The tier-1 provider announced that its revenue for the period stood at EUR 42.4 million ($46 million) across all products, marking and increase of 57% year-on-year. In addition, the company set an all-time-high profit margin of 59%. According to […]
Business
July 19, 2024
Evolution Reports Mixed Q2 Results Amidst Strategic Shift
Live casino giant Evolution has reported mixed results for Q2 2024, reflecting high growth in its live segment but slow performance in its RNG division. Despite rising investor uncertainty following the report, Evolution CEO Martin Carlesund remained optimistic, highlighting several positive developments that should lead to long-term gains and cement the company’s leadership position. Many […]
Business
July 19, 2024
Massive IT Outage Impacts Gambling Operators across the Globe
A number of industries were affected by a global technical issue on Friday. The tech outage impacted banks, hospitals, airlines and even the gambling sector. Media reports confirmed that the technological outage follows an update by CrowdStrike that resulted in issues for Microsoft users. The massive technology problem caused issues for companies across Europe, Asia, […]
Business
July 19, 2024
Betsson Reports Solid Q2 Results, Enjoys Boost from Sports Events
Betsson AB, the growing gambling operator with a strong presence across the globe, released its latest financial update, highlighting strong performance throughout the second quarter. The latest update comes on the heels of the stellar first quarter results reported by the company earlier this year. Continuing this positive trend, Betsson acknowledged that its interim Q2 […]
Business
July 19, 2024
North America’s iGaming Growth to Slow Down in 2025, Analyst
The online gambling sector across North America is expected to close the current year with solid results. Yet, the growth of the iGaming and online betting sector is expected to undergo a slight dip in 2025 before once again demonstrating solid performance in 2026, a Wall Street analyst predicts. Across the United States, sports betting […]
Industry
July 17, 2024
New Jersey Announces June 2024 Gaming Industry Results
The New Jersey Division of Gaming Enforcement (DGI) released its newest gambling industry financial report for June 2024. The total gaming revenue for New Jersey’s nine casino hotel properties settled at $244.1 million, a modest increase of 1.0% compared to $241.6 million reported in June 2023. Year-to-date win stood at $1.36 billion, consistent with last […]
Business
July 17, 2024
CIRSA Takes Lead in Peru After Acquiring 70% Stake in Apuesta Total
The Blackstone-owned group that aims to be a “global leader in the leisure and entertainment sector through a commitment to society, excellence, profitability, and efficiency,” CIRSA, has announced it acquired a 70% stake in Peru’s most successful sportsbook, Apuesta Total. As a result of the acquisition, CIRSA has become the majority shareholder of the entertainment […]
Blockchain
July 16, 2024
Founder of Crypto Casino Admits to Misusing Investor Funds, Resigns
The founder of an up-and-coming crypto casino that seeks to deliver customers odds equal to the ones with the house, reportedly admitted to gambling away a solid sum belonging to investors. The case involves the crypto casino platform, Zero Edge and its founder, Richard Kim. Besides the founder of Zero Edge, Kim was formerly a […]
