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Business
August 29, 2023
The Star Posts FY23 Results, Sees Net Loss of AU$2.44bn
The Australian gambling and entertainment company, The Star, released its FY23 financial report, revealing a normalized EBITDA and significant statutory loss for the period. The report emerged Tuesday and sees the company post a statutory net loss of AU$2.44 billion ($1.57 billion). At the same time, the latest financial report reveals that normalized EBITDA hit […]
Industry
August 28, 2023
UK Creditors Are Lending Millions to At-Risk Players, Abound Says
A new report suggests that the UK’s financial institutions may be exacerbating gambling harm by lending money to at-risk players. As reported by The Guardian, financial companies are unknowingly fueling problem gambling by lending millions to risky players. Abound, a credit technology company, examined the open banking data of loan applicants. By leveraging AI, the […]
Industry
August 23, 2023
Golden Rock Global Hints at Reverse Takeover Plans with 2mee
2Mee Limited is a company that specializes in the development of next-generation omnichannel communication by delivering messages from influencers on-screen and via applications. Such messages stand out with personalization and customization options, allowing for humanized messaging over the internet and helping brands engage with their audiences via an innovative method. The company anticipates further growth […]
Business
August 23, 2023
Better Collective Posts Strong Second Quarter Results
Digital sports media group Better Collective released its latest interim report, revealing details regarding its performance for the three months ended June 30, 2023. In Q2, the company posted a strong increase in revenue, complemented by growth of EBITDA and a surge of new depositing customers. Overall, Better Collective reported group revenue of €78 million […]
Business
August 22, 2023
Catena Posts Decrease in Revenue for Q2 2023
The fast-growing company focused on producing dedicated content for the gambling market in the United States, Catena Media, released its latest financial report, revealing details regarding its performance for the second quarter of 2023 and the first half of the year. The new report, released Tuesday, reveals that the company’s revenue from continuing operations for […]
Business
August 18, 2023
Pennsylvania Gaming Industry Witnesses Strong Revenue Surge in July 2023
The Keystone State’s gaming sector has once again demonstrated its robust growth as the Pennsylvania Gaming Control Board (PGCB) released its latest figures for July 2023, showcasing an impressive surge in revenue across various gaming avenues. The overall revenue generated by the state’s gaming industry reached a significant total of $467 million for the month, […]
Business
August 18, 2023
Super Group Posts Strong Second Quarter of 2023 Results
The leading gaming and entertainment company, which is also the parent of the famous iGaming and sports betting operator, Betway, Super Group, released its consolidated financial results for the second quarter of 2023. The new financial report released Thursday revealed details regarding the company’s performance for the three months ended June 30, 2023. The recent […]
Business
August 17, 2023
Rank Posts Preliminary Results for 2022-23 Operating Period
The leading gaming and entertainment company, The Rank Group Plc, released its latest preliminary results revealing details regarding its performance for the 12 months ended June 30, 2023. The recent financial report emerged Thursday and reveals that while net gaming revenue for the period increased, a decrease in the operating profit was observed. Overall, Rank […]
Industry
August 17, 2023
New Jersey’s Gambling Revenue Maintains Its Steady Rise through July
The New Jersey Division of Gaming Enforcement’s monthly report revealed that June’s trends remained roughly the same as the online sector thrives. Despite the single-digit drop in land-based revenue, the Borgata performed exceptionally well, signaling the region’s ongoing recovery. Continued innovations by operators guarantee that New Jersey venues will retain their popularity and continue to […]
Industry
August 16, 2023
AGA Publishes Q2 2023 Commercial Gaming Revenue Tracker
The American Gaming Association (AGA) has published its Q2 2023 Commercial Gaming Revenue Tracker, reporting Q2 record of $16.07 billion. This represents an 8.1% year-on-year increase and marks the 10th quarter of annual growth in a row. Q2 2023 is also the second-highest grossing quarter in the history of commercial gaming in America, only surpassed […]
