Business
March 14, 2024
GAN Limited’s 2023 Financial Report Shows a Year of Mixed Performance
GAN Limited, a NASDAQ-listed gaming solutions provider, announced its financial results for the quarter and full year ending December 31, 2023. Despite a decline in revenue, the company witnessed a reduction in net loss, reflecting a mixed performance for the year. Revenue Dips 17% with B2B and B2C Segments Showing Declines For the fourth quarter […]
Business
March 13, 2024
Kindred Highlights Achievements in 2023 Annual and Sustainability Report
One of the world’s leading online gambling operators, Kindred Group, released its 2023 Annual and Sustainability report, highlighting a number of accomplished achievements and upcoming goals. Details regarding the report emerged Wednesday with the company confirming that it has enjoyed exceptional results through the fiscal 2023 year. Following strategic objectives Kindred demonstrated not only financial […]
Business
March 13, 2024
Betting Handle in Indiana Hits $409 Million for February
Despite the positive impact of the Super Bowl last month, sportsbooks in Indiana posted a month-over-month decrease in betting handle and revenue, data released by the gambling regulator in the state, the Indiana Gaming Commission (IGC) reveals. In February, the total reported handle by licensed sports betting operators in the state was $408.7 million. This […]
Business
March 12, 2024
IGT Achieves FY 2023 Goals Ahead of Milestone Merger
International Game Technology (IGT), a global leader in the gaming industry, reported robust fiscal year 2023 financial results, achieving all of its financial targets ahead of the planned merger of its Global Gaming and PlayDigital businesses with Everi Holdings Inc. IGT’s management remain optimistic, projecting new investment opportunities and stable growth. The Company Accomplished Record […]
Business
March 12, 2024
Rush Street Interactive Eyes Expansion Following Robust FY 2023
Rush Street Interactive (RSI), a prominent player in the online casino and sports betting sphere across the Americas, has reported impressive financial results for the fourth quarter and full year ending 31 December 2023, sparking discussions about potential expansion opportunities. The company’s recent earnings call highlighted its robust strategic position, forming a stable foundation for […]
Industry
March 11, 2024
Tennessee Sees 13.4% YoY Increase in Sports Betting Handle despite Monthly Decline
Tennessee’s sports betting landscape witnessed a substantial 13.4% year-over-year surge in the handle, reaching $378.2 million in February. While this marks the third consecutive month of decline in the state, the gross handle for February was still 15.6% higher than the same month last year. However, it fell short by 18.8% compared to the $465.8 […]
Business
March 11, 2024
NY State Players Spend $1.77bn on Online Sports Bets in February
Last month, New York announced record-breaking online sports betting revenue for January 2024, continuing its uninterrupted online sports betting revenue records one month after the next. Licensed sportsbooks reached a total sports betting gross gaming revenue of $211.5 million, as officially reported. The February 2024 numbers are in and this is what they look like. […]
Business
March 8, 2024
Veikkaus Posts 2023 Results in Line with Expectations
The Finnish state-owned and monopoly operator, Veikkaus, released its latest financial report, uncovering details regarding its performance throughout 2023. Overall, Veikkaus Group’s sales revenue last year halted at €1.03 billion ($1.13 billion). This result, compared to the 2022 figure, showed a slight 3.5% decrease year-over-year. On the other hand, profits for the fiscal year reported […]
Business
March 8, 2024
Danske Spil Posts FY 2023 Results, Highlights 6% Increase in Net Income
Danske Spil, Denmark’s state-owned lottery and betting operator, has published its FY 2023 results, reporting a slight increase in overall revenue. Data shows that the company’s lottery businesses fared well but the casino and sports betting businesses experienced a decline. Revenue in 2023 reached DKK 5.04 billion ($0.74 billion), up from DKK 4.98 billion in […]
Business
March 8, 2024
Betr Raises $15M to Drive Expansion in Sports Gaming and Media
Betr Holdings, Inc., a prominent player in the sports gaming and media industry, has recently secured $15 million in strategic equity financing, marking a significant milestone in its journey to accelerate growth across various divisions. Betr Holdings Raises $100M in total, Valued at $375M This financing, obtained from a premier group of investors, brings Betr’s […]
