888 Holdings, a global leader in iGaming and online betting has announced an updated trading report. The group reported revenue of $224 million for the first three months of the year that ended March 31 2022, signaling an 18% decrease compared to last quarter’s numbers. Trading Update for the First Quarter The group’s 18% YoY […]
Global gaming firm Light & Wonder has stated that it has reduced its debt by more than 50% via debt refinancing. The money came from the sale of its lottery business. With this move, the company’s debt has been reduced from $8.8 billion to $4 billion. The Company Aims to Reduce the Debt Even More […]
After revealing a 36% year-over-year (YoY) net gaming revenue increase projection for 2021 in its preliminary full-year report at the end of February, Betway and Spin holding company Super Group (SGHC) made its full-year results public. The group only recorded a 29% increase in net gaming revenue. However, Super Group recorded impressive YoY increases in […]
Yolo Investments, a venture capital firm, has provided a crucial equity investment to Enteractive – a leading iGaming company focused on customer retention and reactivation solutions. Enteractive Will Scale Its Business The exact size of the funding was not publicly disclosed but the companies shared that it sits at “several million Euros” for a non-controlling […]
Nasdaq Stockholm-listed Kindred Group has revealed a trading update before its complete Q1 2022 report that will be released on April 28. The group with licenses and locations spread all over North America, Europe, and Australia has announced total revenue of £247 million ($322 million) for the first quarter of the current year. The numbers […]
Global sports betting, gaming and interactive entertainment group Entain released today a trading update for the first quarter of 2022, reporting strong revenue growth. Retail Nearly Back to Pre-Pandemic Levels For the three months from January 1 till March 31, Entain registered 31% growth in net gaming revenue driven mainly by the return of Retail […]
Gaming Innovation Group (GiG) announced today the Board of Directors issued a resolution to complete the €51.37 million ($56.5 million) acquisition of Sportnco after the company obtained the required approvals from all relevant authorities. Increase Short-Term and Long-Term TAM The acquisition of Sportnco which was initially announced in December last year is expected to strengthen […]
Codere Online, an independent publicly listed company spun off Madrid-based Codere Group, released its fourth quarter and full year 2021 financial report, posting flat quarterly results and 17% growth in 2021 net gaming revenue. Flat Quarter, Double-Digit 2021 Growth For the quarter ended December 31, 2021, Codere Online achieved net gaming revenue of €22.2 million […]
A strategic round of funding saw Network Gaming attract £1.25 million ($1.65 million) investment from industry angels, including Betfair co-founder Andrew Black, to support its efforts to innovate sports prediction games. Games to Complement Live Sports Experience Betting technology company Network Gaming raised the money to power the next phase of its international growth and […]
Suncity Group, the junket operator at the core of money laundering issues for Australian casino operators Crown and Star, released its full year 2021 financial results, stating that the business can continue operating in the next 12 months on a going concern basis. Material Uncertainties on Ability to Continue as a Going Concern The group […]
