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Business
November 20, 2023
Gambling Revenue in New Jersey Soars, up by 9.3% For October
The gambling regulator in New Jersey, the Division of Gaming Enforcement (DGE), released its latest report, uncovering details regarding the performance of licensed operators for October. Released Friday, the new report revealed that October marked a strong month for the gambling sector in the state with total gaming revenues hitting $487.1 million. A year-over-year comparison […]
Business
November 17, 2023
Moody’s Improves Melco’s Rating amid Strong Recovery in Macau
The Investors Service of the credit rating agency Moody’s has upgraded the credit rating of Melco Resorts & Entertainment, a major Asian casino company. Previously negative, the company’s rating has now been updated to Ba3, signifying its improving stability. The update comes in the wake of the publishing of the quarterly results of Melco’s City […]
Business
November 16, 2023
Better Collective Reports 26% Revenue Growth in Q3
The leading digital sports media group that owns national and international sports media, Better Collective, has published its interim report for Q3. The company reported “continued strong performance across the group”, as explained by the chief executive officer and co-founder, Jesper Søgaard. Transition Into Recurring Revenue, “Faster Than Expected” The group’s CEO also took the […]
Business
November 15, 2023
Rivalry Secures $10M Investment from a Shareholder
Rivalry, a leading iGaming and online sports betting company, has secured a CAD 14 million (roughly $10.23 million) investment for an undisclosed existing institutional shareholder. The agreement represents a non–brokered private placement offering of convertible debentures under which each convertible debenture will consist of CAD 1,000 principal amount of 10% senior secured convertible debentures of […]
Business
November 15, 2023
Aristocrat Publishes FY 2023 Results
Aristocrat has published its full-year results for 2023, posting a robust revenue and EBITDA gain. Between September 2022 and September 2023, the company recorded operating revenue of AUD 6.3 billion. Now licensed in 103 countries and 327 jurisdictions, the company also reported EBITDA of AUD 2.1 billion. Based on normalized results, operating revenue recorded year-on-year […]
Business
November 15, 2023
Tencent Music Reports Q3 Decline amid China’s Crackdown on Gambling
Tencent Music, a company that develops music streaming services for the Chinese market, has reported satisfactory Q3 results despite the setbacks caused by the country’s crackdown on online gambling and certain gambling-like gamified features. As reported by Reuters, the music streaming company surpassed its initial quarterly estimates thanks to the noticeable increase in paid subscriptions. […]
Business
November 14, 2023
Galaxy Gaming Posts Q3 Results, Reports Increased Losses
Galaxy Gaming, a leading casino table games developer, has published its financial results for the quarter ended September 30, 2023. While the company reported increased revenue, its net loss doubled. The third quarter of 2023 notably saw Galaxy Gaming report revenue of $6.1 million, representing an increase of 3%. In the meantime, the company’s Adjusted […]
Business
November 14, 2023
Paysafe Maintains Its Momentum, Posts Favorable Q3 Results
Leading global payments provider Paysafe has published its Q3 results, reporting increased financial results for the third quarter of the year. The company, which just penned a major agreement with Fanatics Betting and Gaming, is optimistic about its continued momentum. In Q3, Paysafe reported revenue of $396.4 million, up 8% year-on-year. This increase represents a […]
Business
November 14, 2023
Genius Sports Raises Full-Year Guidance after Robust Q3 Performance
Genius Sports, the data, technology, and broadcast company, has reported a significant increase in Q3 revenue, prompting an upward revision of its full-year guidance. The leadership team remained optimistic regarding prospects, noting that the business had reached a critical turning point. Genius will likely focus on improving customer onboarding and utilization and forging new strategic […]
Business
November 10, 2023
Flutter Entertainment to Delist from Euronext Dublin, Eyes New York Listing in Q1 2024
Flutter Entertainment, the parent company of FanDuel, has decided to delist from Euronext Dublin, Ireland’s stock exchange, as part of its strategy to add a New York listing in the first quarter of 2024. The move comes amid regulatory considerations and technical challenges in maintaining the company’s Dublin listing. Europe Remains a Challenging Regulatory Environment […]
