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Gambling News - 'Finance'
Business
February 6, 2024
Rivalry Eyes Strategic Expansion Following In-House Online Casino Success
Rivalry’s newest press release highlighted its ambition to redefine the future of online betting for the digitally native generation. Exiting 2023 as a transformed entity, the company has ventured into new verticals, broadening its scope. These efforts can lead to new B2B licensing opportunities, delivering lasting value and enabling further growth. Success across Multiple Verticals […]
Business
February 6, 2024
Sphere in Las Vegas Reports Strong Fiscal Second Quarter Results
Sphere Entertainment, the parent company of Sphere in Las Vegas, the premium entertainment and music arena, released its fiscal 2024 second quarter results. The period, encompassing the three months ended December 31, 2023, sheds light on the Sphere’s performance for its first full quarter, highlighting achievements and important partnerships inked during the period. The total […]
Business
February 5, 2024
Kindred: Only 3.1% of the Q4 Revenue Came from Harmful Gambling
Kindred Group has released another update on its Journey towards Zero, an initiative that has seen the company minimize the funds it takes from problem players. According to Kindred, only 3.1% of its revenue in Q4 2023 came from harmful gambling. This is an improvement from Q3 when the company took 3.3% of its revenue […]
Business
February 2, 2024
Rank Group Enjoys Strong Results, Remains Optimistic about UK Growth
The Rank Group released its latest interim results, uncovering details regarding its progress over the six months ended December 31, 2023. The company referred to the period as H1 2023/24, with results pointing to an increase in net gaming revenue (NGR) year-over-year. Besides financial data, Rank Group released details regarding its expectations for 2024 in […]
Business
February 1, 2024
20SHOTS Secures an Investment from Steve Rogers
Steve Rogers’ new infusion of funds in the provider of “best in class, free-to-play games” that boost customer acquisition and engagement, 20SHOTS, joins similar investments aimed at the same company announced by other big names in the industry. The list includes Gambit Research’s former chief executive officer, Jasper White, Playtech BGT Sports’ chief commercial officer, […]
Sports
February 1, 2024
Nearly $8bn Wagered for the First Year of Legal Betting in Ohio
Ohio, a US state that has a population of approximately 11.8 million people, legalized sports betting late in 2021. A few years later, on January 1, 2023, the state launched officially its legal retail and online sports betting market, delivering a wide range of options for bettors and sports fans alike. A year and one […]
Business
February 1, 2024
BetMakers Reports Revenue Growth, Highlights Achievements in Q2 FY24
The leading international provider of business-to-business betting technology, content data, services and solutions, BetMakers Technology Group, released its latest quarterly activities report earlier this week. The company’s unaudited Q2 FY24 report reveals details regarding its performance for the three months ended December 31, 2023. For the latest trading period, BetMakers posted strong revenue which hit […]
Business
February 1, 2024
Evolution Wraps up a Successful Q4 and 2023, Posts Strong Results
Evolution, the leading business-to-business supplier of technology, content and solutions, catering to the global gambling and betting industry, uncovered details regarding its fourth quarter and full year 2023 performance. The company’s latest financial update emerged Thursday, pointing to strong growth in operating revenues, EBITDA and operating profit. The latest trading update reveals that Evolution’s operating […]
Business
January 31, 2024
Yolo Investments Injects €1.13M Funding into Just Slots
Emerging gaming software developer that describes itself as the game-changer in online gaming, “driven by innovation, speed, and creative excellence,” Just Slots, has obtained a €1.125 million ($1.35 million) investment from a venture capital firm that specializes in seed and A-stage investments within the gaming and fintech sectors, Yolo Investments. The latter focuses on investing […]
Business
January 31, 2024
PointsBet Posts Record-Breaking Q2 Results in Australia and Canada
PointsBet has published its Q2 report, posting record net win in both Australia and Canada. The company’s sports betting activities continued to underpin the results as both handle and net win increased. However, the biggest growth was recorded by PointsBet’s iGaming vertical. Taking a look at how PointsBet performed in Australia, the company posted a […]