Business
May 15, 2024
Sportradar Reports Record 28% Rise in Revenue for Q1
Leading global sports technology company creating immersive experiences for sports fans and bettors, Sportradar, has published its Q1 2024 financial and operating results. The company that focuses on creating immersive experiences for sports fans and bettors achieved a record increase in revenue to €266 million ($289 million), up 28% compared to the first three months […]
Business
May 15, 2024
IGT Publishes Strong Q1 Report & FY 2024 Outlook
International Game Technology (IGT) has published its Q1 report, outlining stable revenue. The international gambling giant has also published its full-year outlook for 2024. In the quarter ended March 31, IGT reported revenue of $1.07 billion, up 1% from the prior year period. The favorable metric was underpinned by the strong performance of the company’s […]
Business
May 15, 2024
Emmett Voices Concerns over PlayAGS Acquisition by Brightstar
Earlier this month, AGS (PlayAGS), the leading company offering a range of gaming experiences powering the gambling industry across the globe, confirmed it entered into a definitive agreement for an acquisition by affiliates of Brightstar Capital Partners (Brightstar). Brightstar offered a price of $12.50 per share, representing a 40% premium on AGS’ closing stock price […]
Business
May 15, 2024
Polymarket Closes Another Round, Sees Funding Surpass $70 Million
Polymarket is known as the world’s largest prediction market, which offers trading on highly debated topics, including politics, sports, crypto, current events and many others. The markets offered address a growing demand for wagers not only on popular sports events but real-world events. Such wagers are recognized across the United States as “event contracts.” Despite […]
Business
May 14, 2024
Sharp Alpha Closes $25M Fund to Fuel Sports, Gaming Startups
Sharp Alpha Advisors has announced the successful closing of Sharp Alpha Fund II, its venture capital fund that has surpassed its initial target, securing over $25 million to invest in early-stage sports, gaming, and entertainment businesses. The fund has attracted diverse backers, including public companies, US financial institutions, pro sports team owners, family offices, top […]
Business
May 14, 2024
Flutter Reports $375M Comprehensive Net Loss in Q1, 16% Revenue Growth
The leading online sports betting and iGaming operator with a versatile portfolio of brands including FanDuel, Sky Betting & Gaming, Sportsbet, PokerStars, Paddy Power, and MaxBet, Flutter Entertainment plc, has published its Q1 2024 financial report. The industry leader, which recorded $11,790 million of revenue globally for fiscal year 2023, and $3,397 million of revenue […]
Business
May 14, 2024
Bank of America Breaks Down Q1 Gaming Sector Results
Recently, major gaming and entertainment companies across the United States released their financial results. In light of the latest figures, revealing details regarding the businesses’ performance in Q1 this year, Bank of America (BofA) confirmed the release of its first quarter earnings scorecard, as announced by CDC Gaming. The latest report compared estimates with report […]
Business
May 10, 2024
SJM Holdings Posts Stellar Q1 Results as Post-COVID Recovery Continues
SJM Holdings, a leading owner, operator and developer of casinos and integrated entertainment resorts in Macau, has published its unaudited results for the quarter ended March 31. The company reported Q1 group net gaming revenue of almost HKD 6.5 billion ($830 million), far exceeding the HKD 3.7 billion reported in Q1 2024. In the meantime, […]
Business
May 10, 2024
Playtika Posts Q1 Report, Unveils Share Buyback Program
Playtika, an Israeli digital entertainment company specializing in the development and publication of mobile games, has posted its results for the period ended March 31, 2024. The company reported a slight decrease in revenue and published its FY 2024 guidance. Playtika’s revenue for the period increased by 2.1% sequentially to $651.2 million. However, this figure […]
Business
May 10, 2024
GAN Optimizes Operating Expenses in Q1 but Reports Revenue Decrease
The leading North American business-to-business (B2B) technology provider, delivering real money iGaming solutions and leading online betting operator, GAN, released its latest financial results Thursday. The company disclosed details regarding its financial performance for the first quarter of 2024 or the three months ended March 31, 2024. The recently released results, pointed to a decrease […]
