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Business
July 26, 2023
BetMGM Publishes Impressive H1 Results
North American gaming giant BetMGM has published a report on its performance during the first half of 2023. In addition, the company provided an update on its outlook for its full-year performance. The company, jointly owned by MGM Resorts International and Entain, announced that has finished the first half of the year with a very […]
Industry
July 26, 2023
MGCB iGaming Stable, Online Betting Continues to Decline
Michigan’s Gaming Control Board (MGCB) published data about the performance of its licensed operators in June. The regulator said that commercial and tribal operators in the state collectively earned $169.3 million from iGaming and online sports betting. This figure, the authority added, represents an 8.9% month-on-month decrease in gross receipts. The change is attributable to […]
Business
July 26, 2023
Kambi Reports Robust Second Quarter Results in 2023
Kambi called the period “encouraging” and said that it had been able to make significant strategic headway towards important long-term goals. The company reported a multitude of tier-one signings with prominent partners and reaffirmed its commitment to existing operators by extending existing contracts. Kambi Boasts a Remarkable Second Quarter Significant progress has been made across […]
Business
July 21, 2023
Evolution Posts H1 Results, Teases a Busy Pipeline for H2 and 2024
Evolution has published its interim report for the first half of 2023, also highlighting its performance during the second quarter of the year. The company’s metrics increased across the board, attesting to its robust business. Evolution’s operating revenues for Q2 increased by 28.2% to $491 million (all figures in this article have been converted to […]
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 […]
