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Business
May 9, 2025
DraftKings’ Revenues Soar, Underpinned by the Jackpocket Acquisition
American sports betting powerhouse DraftKings has announced its Q1 2025 financial results, highlighting an increase in revenue. The company also revised its adjusted EBITDA forecasts from the previous guidance. In the meantime, DraftKings executives remain bullish on prediction markets. The Company’s Revenues Increased, in Part Thanks to Jackpocket In its Q1 report, DraftKings outlined revenue […]
Business
May 9, 2025
Konami: Games & Systems Division Continued to Grow in FY 2024/25
Konami has published its financial report for FY 2024/25, reporting an increase in its casino content & services division revenue. The firm attributed this growth to its stable business in key markets, such as North America and Australia. Konami’s Games & Systems Division Reported an Increase in Revenue In its annual report for the fiscal […]
Business
May 9, 2025
Playtech Stock Plunges After €1.8B Special Dividend
Playtech, a leading gambling tech company, has seen its stock price crash by over 60%, dropping from 800p to 316p, after giving out a huge special dividend. This payout came from selling its Italian consumer brand Snaitech to Flutter Entertainment for €2.3 billion ($2.6 billion), giving back almost two-thirds of Playtech’s market value to its […]
Business
May 8, 2025
Galaxy Entertainment Group’s Growth Remains Stable, Company Bullish on 2025
Galaxy Entertainment Group (GEG), one of Macau’s casino concessionaires, has reported its Q1 results, highlighting a stable increase in revenue and EBITDA. GEG’s Q1 Was Strong In Q1, Galaxy Entertainment’s total GGR reached HKD 10.9 billion ($1.4 billion), up 14% year-on-year. This figure represented a slight quarter-on-quarter decline due to seasonal fluctuations but still demonstrated […]
Business
May 8, 2025
PENN Entertainment Shows Resilience in Q1 Report
American casino giant PENN Entertainment has published its financials for the first quarter of the year, reporting an increase in revenue. The company’s adjusted EBITDAR was likewise stronger despite certain headwinds in January and February. The Company’s Financials Were Mostly Favorable Despite Earlier Setbacks The company’s total revenue for the period increased by 4.1% year-on-year […]
Business
May 8, 2025
Light & Wonder’s Momentum Continues with 16th Quarter of Revenue Growth
Leading gaming content supplier Light & Wonder has published its financial report for the first quarter of 2024, highlighting continued growth in revenue. This notably marked the 16th consecutive quarter of year-on-year consolidated revenue growth. The Sixteenth Consecutive Quarter of Growth Light & Wonder’s financials for the here months ended March 31, 2025, show consolidated […]
Industry
May 8, 2025
FanDuel’s U.S. Sports Betting Strength Drives Flutter’s Q1 Surge
NYSE- and LSE-listed online sports betting and iGaming operator Flutter Entertainment is off to a strong start in 2025, thanks in large part to FanDuel’s continued dominance in the U.S. sports betting market. 18% Revenue Rise in the U.S. The company reported $1.69 billion in U.S. revenue for Q1, marking an 18% jump compared to […]
Industry
May 7, 2025
UKGC: Operators Recorded Higher GGY in Q4 2024/25
The UK Gambling Commission (UKGC) has published operator data for Q4 (the three-month period ended March 31). According to the regulator, the total gross gambling yield has continued to increase and so has the total number of bets. The UKGC clarified that the data in its report was sourced from both online and land-based operators. […]
Business
May 7, 2025
Genius Sports Reports Strong Q1 as Revenue Grows, Losses Shrink
Genius Sports, a leading data, tech and broadcast partner at the intersection of sports, betting and media, has published its results for the first quarter of the year, announcing an increase in revenue and a drastic decline in net loss. Thanks to the favorable results, the company’s board approved a $100 million share buyback program. […]
Business
May 2, 2025
EveryMatrix Q1 Results Spark Hope for Outstanding 2025 Performance
EveryMatrix, a leading provider of gaming content, technology and services, has published its report for the first quarter of 2025, saying that it is “set for another powerhouse year.” EveryMatrixs Started 2025 on a Strong Note In its report, the tier-1 supplier outlined a Q1 net revenue of EUR 54 million ($61.3 million), marking an […]
