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Business
February 26, 2024
PointsBet Posts H1 Results, Records Sharp Net Loss Decrease
PointsBet, which recently posted its Q2 results, has officially posted its H1 results, reporting a significant net loss decrease. The improved results were attributed to the recent sale of PointsBet’s US business to Fanatics Betting and Gaming. As PointsBet continued its business in Australia and Canada, it recorded statutory revenue of AUD 117.9 million ($77.2 […]
Business
February 23, 2024
Melco Resorts CEO Lawrence Ho Exits Hong Kong’s 50 Richest
Lawrence Ho, the founder, chairman, and CEO of Melco Resorts and Entertainment, has lost his position in Hong Kong’s 50 Richest list published by Forbes. The 47-year-old casino magnate and the eldest son of Macau’s late gaming pioneer Stanley Ho had been a regular on the list for the past ten years. However, macroeconomic pressures […]
Business
February 22, 2024
Better Collective’s Impressive Financials Set the Stage for a Successful 2024
Stockholm and Copenhagen-listed media group Better Collective A/S has surpassed its 2023 revenue target despite challenging conditions in the US market during the fourth quarter. While Q4 results saw the company exceed its full-year revenue target of between €315 million ($340.6 million) and €325 million ($351.4 million), shares declined in response to the dip in […]
Business
February 22, 2024
Tabcorp Gains Market Share despite Dip in Revenue for 1H24
Tabcorp, the leading Australian betting giant, released its latest trading update, uncovering insights regarding its performance for the six months ended December 31, 2023. The period, recognized by the company as 1H24, indicated a decrease in revenue and group EBITDA, but highlighted an improving market share trend, pointing to expected strong growth in the near […]
Sports
February 22, 2024
Flutter Donates £400,000 to Community Clubs across UKI
Flutter has reaffirmed its commitment to nurturing sports organizations across the United Kingdom and Ireland by agreeing to provide another £400,000 to local community clubs. This move is a part of the operator’s Cash4Clubs program, which has so far seen Flutter invest some £5 million into community sports. The grassroots sports program will once again […]
Business
February 22, 2024
Bally’s Publishes Strong Q4 Results, Posts FY24 Guidance
Bally’s Corporation, a casino and hospitality company, has published its Q4 2023 results, painting a stable financial picture of its business. The company recorded a 10% improvement in its UK business on a dollar basis and reported an all-time-high quarterly adjusted EBITDAR. Bally’s consolidated revenues for Q4 stood at $611.7 million in Q4, up 6.1% […]
Business
February 21, 2024
Kinectify Secures Investment from Aristocrat, Adds Jason Walbridge to Board
Kinectify, a novel gambling risk management tech firm, has unveiled a new investment by Aristocrat Leisure Limited. The investment demonstrates the latter firm’s trust in Kinectify’s solutions and was joined by additional contributions from existing investors. In addition to the investment by Aristocrat, Kinectify secured backing from a number of companies and organizations, including Acies […]
Business
February 21, 2024
Kambi Publishes Q4 Results, Highlights Strategic Progress
Kambi Group, a provider of betting services to the regulated gambling industry, has published its Q4 report. In addition, the leading supplier posted its guidance, saying that it expects FY 2024 revenue of between EUR 170 million and EUR 180 million ($183.6-$194.4 million). Revenue for Q4 amounted to EUR 44.3 million ($47.8 million), representing a […]
Industry
February 19, 2024
UK Study Shows How Banks Can Help Combat Gambling Harm
A recent report from Queen Mary University of London sheds light on the pivotal role financial institutions can play in preventing significant financial harm arising from problem gambling. As more individuals seek help for gambling-related issues, the study emphasizes the unique position banks hold in identifying and mitigating gambling-related harms. Financial Institutions Can Be the […]
Business
February 19, 2024
Wynn Resorts Executives Sell $3M in Company Stock
Recently, several DraftKings executives sold nearly $80 million worth of company shares. This was evident from Form 144 filings released by the company, confirming that executives dumped some $78.8 million in company shares between January 22, 2024, and February 8, 2024. The list of DraftKings executives who sold part of the company’s shares includes Jason […]
