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Business
August 1, 2023
Golden Entertainment Posts Q2 Results, Considers M&A Activity
Golden Entertainment has reported its results for the second quarter of the year, highlighting changes to its performance. The company recently finalized its latest divestments and is now planning M&A activity to support its growth. Golden Entertainment reported revenues of $286.7 million for Q2, representing a slight 1% year-on-year drop. Net income, meanwhile, sat at […]
Business
July 31, 2023
BetMakers Reports Q4 Results, Highlights and Restructuring Progress
BetMakers released a report on its performance in Q4 of the fiscal year ended June 30, 2023. The company recorded improvements across the board and unveiled an upcoming webinar for its full-year report. The betting tech and data partner reported $16.6 million (converted to USD) in cash receipts in Q4, which represents a modest 5% […]
Business
July 31, 2023
Lottomatica Posts Strong Q2 Results, Updates Guidance
Lottomatica has posted its Q2 2023 results, updating its full-year guidance on the back of continued double-digit growth. In Q2, the company reported revenue of $439 million (converted to USD). This represents a significant 20.7% year-on-year growth from the $380 million recorded in Q2 2022. However, the quarter failed to surpass Q1 2023’s record-breaking revenue […]
Business
July 31, 2023
Nevada Sees Dip in Slots, Table and Card Games Revenue for June
The gambling regulator in Nevada, the Nevada Gaming Control Board (NGCB) has announced its latest revenue report, outlining details regarding the performance of nonrestricted gambling locations across the state for June. Although it was a busy month for operators in the state, the total revenue reported by table, counter and card games, along with slot […]
Business
July 31, 2023
Epoxy.ai Secures Investment from SeventySix Capital, Andover Capital
The leading AI and ML personalization software provider for the sports betting vertical, Epoxy.ai, announced it secured a multi-million-dollar investment round. The company confirmed Monday that the latest round was led by Andover Ventures, as well as SeventySix Capital, along with several other investment funds. According to Epoxy.ai, the latest investment round will help propel […]
Business
July 28, 2023
PointsBet Reports Impressive FY 2023 Financials
PointsBet’s sale of its US arm to Fanatics in the final quarter of the fiscal year represented one of the primary drivers behind its stellar performance, allowing the company to focus on its other lucrative markets while unlocking significant value through the sale. Despite the tense acquisition process, the Australian operator emerged stronger than ever, […]
Business
July 28, 2023
Boyd Gaming’s Revenue Increases Slightly in Q2 2023
The leading American gaming and hospitality company, Boyd Gaming Corporation, released its latest trading update, outlining details regarding its performance for the second quarter of 2023. The unaudited report released Thursday shows that the company’s total revenue for Q2 2023 hit $917 million. A comparison to the corresponding period last year, when revenue halted at […]
Industry
July 28, 2023
UK Gambling Commission Commits £32.8M to Support GambleAware
In a move to ensure a smooth transition from voluntary funding to a statutory levy, the UK Gambling Commission has pledged a staggering £32.8 million ($41.9 million) to harm prevention charity GambleAware. GambleAware Backs Proposed Statutory Levy for Funding Stability The concept of a statutory levy was introduced as a key proposal in the Gambling […]
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 […]
