Business
April 19, 2024
888 Publishes Q1 Report, Targets Growth in Q2
Global gaming powerhouse 888 has published its trading update for the first quarter of the year (the three-month period ended March 31), reporting a slight increase in overall revenue. The company’s report highlighted group revenue of £431 million ($535.8 million), a figure that exceeds the £420-430 million guidance outlined in the company’s previous report. The […]
Industry
April 18, 2024
Pennsylvania Gambling Revenue Surges to Record High in March
March 2024 witnessed a historic milestone for Pennsylvania’s gambling industry as it reached an all-time monthly high in combined total revenue, according to the Pennsylvania Gaming Control Board (PGCB). The staggering revenue figure of $554,625,294 eclipsed the previous record set in December 2023, marking a significant leap forward for the state’s gaming sector. iGaming Remains […]
Business
April 18, 2024
FDJ Posts Q1 Results, Confirms Readiness to Acquire Kindred
La Française des Jeux (FDJ), France’s leading gaming operator, has published its Q1 results, reporting an increase in revenue. The group experienced significant growth across several segments and reaffirmed its acquisition of Kindred Group. Gaming revenue in France reached EUR 645 million ($688 million), up 3% year-on-year. Total revenue for Q1 2024, on the other […]
Business
April 18, 2024
Rank Group Posts Q3 Report, Highlights Strong Performance in UK & Spain
The Rank Group has published its financial report for the third quarter of the fiscal year (the quarter ended March 31, 2024). In its trading update, the company outlined increases across the board, just as expected by the board. The group’s LFL net gaming revenue (NGR) for Q3 stood at £182.3 million ($227.4 million), representing […]
Business
April 17, 2024
Games Global Files for $100M IPO on NYSE, Targeting the US Market
Games Global, a leading online casino supplier, has unveiled plans to embark on a milestone journey by filing for an initial public offering (IPO) on the New York Stock Exchange (NYSE). The move marks a significant strategic shift as the Isle of Man-based company opts for a US listing over the London capital markets. Gambling-Related […]
Business
April 17, 2024
Entain’s Q1 Results Reveal Growing Challenges and Emerging Opportunities
In its recent trading update, global gambling giant Entain showcased resilience as it reported a year-on-year rise in revenue for the first quarter despite facing declines in the UK and Ireland markets. The company’s performance underscores its strategic successes but also highlights ongoing challenges in navigating evolving industry dynamics and regulatory pressures. Many Regions Showed […]
Business
April 17, 2024
Michigan Betting, iGaming Operators Post Uptick in Handle for March
March marked another busy month for licensed online gambling and sports betting operators in Michigan. Details released by the state gambling regulator, the Michigan Gaming Control Board (MGCB), revealed that gross receipts during last month marked an uptick of nearly 20% month-over-month. At the same time, the betting handle also soared by nearly 20% when […]
Industry
April 17, 2024
New Jersey’s Regulator Publishes March Revenue Figures
The New Jersey Division of Gaming Enforcement has published its March 2024 report, highlighting an increase in iGaming win contrasted with a slight decline in wagering revenue. Casino win, on the other hand, remained stable. According to the division, New Jersey’s nine casino hotel properties reported a total win of $239.8 million for March 2024. […]
Business
April 17, 2024
Handelsbanken Fonder Challenges Endeavor’s $13B Take-Private Deal
Swedish banking institution Handelsbanken Fonder AB has launched a legal challenge against Endeavor Group Holdings‘ proposed $13 billion take-private deal. The move aims to halt the acquisition led by private equity titan Silver Lake Capital, which seeks to delist Endeavor from the New York Stock Exchange. Allegations of Insider Favoritism Rock High-Stakes Buyout Endeavor, the […]
Business
April 16, 2024
Gambling Spend Skyrockets by 18% in Denmark for February
Spillemyndigheden, the Danish gambling regulator, released new data, highlighting a significant increase in the spending on gambling activities for this February. Data disclosed Tuesday revealed that the total gambling spend on online casino, gaming machines, land-based casinos and betting, skyrocketed to DKK 587 million ($83.8 million). The aforementioned result, compared year-over-year to the February 2023 […]
