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Business
July 21, 2023
The Cordish Companies’ LSA Confirms $21M Grants for PA’s Local Communities
Since the $150-million, first-class gaming and entertainment destination Live! Casino Pittsburgh opened its gates in November 2020 under the reputable The Cordish Companies’ brand, the two have set up a $21-million Local Share Account (LSA). The LSA money was used to generate grants that have since reached a number of municipalities and non-profit organizations in […]
Business
July 20, 2023
Las Vegas Sands Reports Robust Q2 Financials
Net revenues of $2.54 billion represent a significant increase from last year, reflecting a noticeable recovery for the company’s integrated resort properties. An uptick in Macau and Singapore visitor numbers enhanced performance in all verticals, with gaming profits reaching record highs. Las Vegas Sands Corp. will leverage these favorable results to support strategic investments and […]
Business
July 20, 2023
SCCG Venture Fund Invests in Grin Gaming
SCCG Venture Fund, a major gambling industry investor, has provided funding to Grin Gaming, a disruptive micro-betting platform. The backing will provide the latter company with the support it needs to grow and evolve. Grin Gaming is a platform that seeks to capitalize on the growing popularity of the micro-betting vertical. It provides a reliable […]
Business
July 20, 2023
Betsson Releases Q2 Report, Posts Favorable Results
Betsson has published its interim report for the second quarter of the year, highlighting its performance during the period. The company’s metrics increased, attesting to the success of its activities. In Q2, Betsson reported group revenue of $264.8 million (converted to USD). This represents an increase of 27% and an organic increase of 43%. The […]
Industry
July 19, 2023
PGCB Publishes June 2023 Revenue Data, Highlights YOY Growth
The Pennsylvania Gaming Control Board (PGCB) has published data about the performance of the state’s gambling sector. In June, all forms of gambling collectively generated total revenue of $440.5 million, representing a 13% year-on-year increase. Pennsylvania’s gambling sector encompasses slot machines, table games, online gambling, sports betting, fantasy contests and video gaming terminals (VGTs). Most […]
Business
July 17, 2023
Catena Media Unveils $5.4M Share Buyback Program
Catena Media, a global leader in generating high-value leads for operators of online casino and sports betting platforms, has unveiled a new SEK 55 million ($5.36 million, current conversion rates) share buyback program. The buyback was approved by the company’s board of directors during the extraordinary general meeting on July 12 and following an initial […]
Industry
July 17, 2023
New Jersey Gambling Revenue Increased in June, Casino Sector Yet to Recover
New Jersey’s gambling and sports betting operators posted $457 million of revenue in June, attesting to the post-COVID recovery of the sector. However, some of the state’s brick-and-mortar casinos are still recovering from the pandemic. As reported by the New Jersey Division of Gaming Enforcement, the June 2023 period saw the state‘s nine casino hotel […]
Business
July 14, 2023
STS Posts Strong Q2 Results Ahead of Entain Takeover
Ahead of the finalization of the acquisition by Entain, STS Group, the leading Polish sportsbook operator, released a new trading update, outlining the strong growth of the company for the second quarter of 2023. For Q2 of this year, the recorded amount of stakes hit PLN 1.103 billion ($278 million). This result, when compared to […]
Business
July 6, 2023
Freemarket Adds Annie Osborne as Business Development Director
Freemarket, an industry-leading platform for financial technology that provides regulated B2B cross-border payments and currency exchange for small to medium-sized businesses, has announced a new appointment. The company has strengthened its management team with the appointment of the experienced Annie Osborne as business development director. According to the announcement, Osborne is an industry veteran who […]
Business
July 4, 2023
888 Holdings’ William Hill Keeps the Status Quo in 2022
William Hill Limited, a UK-based subsidiary of Gibraltar-based 888 Holdings, has published its annual financial report for 2022, a flat year in which foreign exchange gains helped the business to profit. Betting Shops Saved the Day For the 52 weeks ended December 27, 2022, William Hill generated net revenue of £1.2353 billion ($1.5688 billion), ending […]
