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Business
August 16, 2023
GiG Posts All-Time High Q2 Revenues
Gaming Innovation Group (GiG) has posted its Q2 financials, reporting all-time high revenues. The company is optimistic about the future and will do its best to maintain its momentum into H2. As reported by the company, GiG achieved all-time high quarterly revenues at $33.9 million (all figures have been converted to USD). This represents a […]
Industry
August 15, 2023
Dabble Inks Partnership with Primer to Expand Current Banking Options
Australian-based social betting platform Dabble has announced a fresh partnership with Primer, the pioneer payment orchestration and commerce automation infrastructure on the globe. The news comes in the context of the Australian government’s decision to start regulating the use of credit cards on sports wagers online, an announcement that automatically initiated operators’ shift to […]
Business
August 15, 2023
888 Releases First Half of 2023 Results, Reports Growth
The leading betting and gaming company that consists of multiple globally-recognized brands, including Mr Green, 888 and William Hill, 888 released its latest financial update, revealing details regarding its performance for the six months ending June 30, 2023. Judging by the unaudited figures, 888’s group revenue hit £881.6 million ($1.12 billion). This result, when compared […]
Business
August 14, 2023
Allied Gaming & Entertainment’s Restructuring Pays Off with Strong Q2 Revenues
Q2’s impressive growth follows a significant restructuring effort Allied Gaming & Entertainment undertook last year, which aimed to realign its operations and strategic focus for improved financial performance. The company has managed to leverage its newfound financial stability to deliver sustainable financial performance and create a stable foundation for further growth in new and existing […]
Legal
August 14, 2023
SkyCity Sets Aside $29.2M for Upcoming AUSTRAC Penalty
Casino and hospitality company SkyCity Entertainment has set aside AUD 45 million (around USD 29.24 million, current conversion rates) for a potential penalty. The operator expects to be hit by a fine because of its recent anti-money laundering (AML) and combating the financing of terrorism (CTF) breaches. SkyCity admitted that it is currently available to […]
Business
August 11, 2023
GAN Posts Q2 Results, Shares Optimism about H2
North American B2B and B2C iGaming company GAN has posted its financial result for the second quarter of the year. The period ended June 30 marked another quarter of mixed metrics. Following its suboptimal performance in Q1, the company posted Q2 revenue of $33.8 million, marking a slight year-on-year decrease from last year’s $35 million. […]
Business
August 11, 2023
Star Entertainment Strikes Tax Relief Deal in NSW
Earlier this year, Star Entertainment Group, an Australian casino and hospitality company, had to slash hundreds of jobs and executive bonuses to deal with the underperformance of its properties and the tax hike in New South Wales. However, the company has now managed to reach a concession on casino duty rates with the NSW government […]
Business
August 10, 2023
NeoGames Posts Strong Q2 Results, Anticipates Further Growth
The technology-driven provider of leading iLottery and iGaming solutions and content, NeoGames, released its latest trading update Wednesday. Judging by the figures within its unaudited report, the company saw strong growth within the iLottery and iGaming vertical for the second quarter ended June 30, 2023. Overall, the company’s total revenues and share in NPI revenues […]
Business
August 10, 2023
Entain’s Strong H1 2023 Report Reflects Impressive Growth
Entain’s impressive financial achievements highlight the group’s continued success and ability to navigate the evolving landscape of the iGaming industry. Despite a potentially costly HMRC settlement, the gambling giant achieved notable success in its core markets and seized many new expansion opportunities, guaranteeing enduring growth. A growing customer base and improved community-focused efforts should ensure […]
Business
August 10, 2023
Penn Entertainment Sees Q2 Revenue Surge Amid Transformative ESPN Agreement
The entertainment giant reported revenues of $1.67 billion for the quarter, with a net income of $78.1 million, marking a substantial improvement from the $26.1 million recorded during the same period in the prior year. PENN Entertainment’s Q2 Earnings Call Centers on ESPN Partnership and Barstool Divestiture Despite these promising figures, the company’s Q2 earnings […]
