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Business
May 4, 2023
Codere Posts Strong Full Year 2022 Financial Results
The leading multinational gambling operator, Grupo Codere, released its latest trading update Thursday. The company confirmed it enjoyed strong growth in 2022, impacted positively by lifting COVID-related restrictions. As with most entertainment and gambling operators, 2021 wasn’t the best year. This was the period after nearly a full year of the COVID-19 pandemic so there […]
Business
May 4, 2023
EveryMatrix Enjoys Stellar 2023 Start with Strong Q1 Results
The provider of iGaming software, content, solutions and services for sports betting and online gambling operators, EveryMatrix, released its latest trading update, revealing data regarding its performance for the first quarter of 2023. The new figures show that between January 1 and March 31, 2023, the company has seen a strong financial performance that marked […]
Business
May 4, 2023
Rush Street Interactive Reports 20% Revenue Growth for Q1 2023
The company reported revenue of $162.4 million in Q1 2023, a 20% increase from the same period in the previous year. Additionally, the net loss for Q1 2023 was $24.5 million, a significant improvement from the $52.3 million net loss in Q1 2022. Adjusted EBITDA loss for Q1 2023 was $8.7 million, an improvement from […]
Business
May 3, 2023
Caesars Publishes Q1 Report, Seeks to Reduce Outstanding Debt
Caesars Entertainment has published its Q1 2023 report, highlighting its financial performance during the period. The company recorded rising net revenues, while net losses continued to decrease. In Q1 2023, Caesars saw its quarterly revenues rise to $2.8 billion, representing an increase of 23.7% from Q1 2022’s results. Meanwhile, the company’s net losses decreased as […]
Business
May 3, 2023
Flutter Posts Strong First Quarter Results with Revenue Up 54%
The international sports betting and gambling company, Flutter Entertainment, released a new trading update, outlining its performance for the first quarter of 2023. Judging by the preliminary figures revealing the performance for the three-month period ended March 31, 2023, the company has seen strong growth in revenue as well as an increase in its number […]
Business
May 3, 2023
Kambi Group Secures Independence and Bolsters Capital Flexibility
Kambi’s impressive 2022 financials have given the group sufficient leeway to sort out its capital and achieve improved flexibility, aiding its objectives and providing additional shareholder value. The two recent measures should make the company significantly more attractive to investors and enable it to pursue its goals on its own terms. The Company Secured Its […]
Business
May 2, 2023
Betty.ca Secures Funding in a HappyHour-led Round
HappyHour.io, a gaming investor, unveiled an investment in Betty.ca, an Ontarian online casino brand. Betty will use the money to consolidate its presence in its home market and further expand its footprint in North America. HappyHour explained that it decided to support the casino company because of its unique positioning, proprietary platform and experience management. […]
Business
May 2, 2023
MGM Resorts Outlines of Its Best First Quarters in Q1 2023
MGM Resorts reported its first-quarter results in 2023 on Monday, arguing that the numbers were some of the best quarterly performance that the company has posted in its history. Las Vegas Strip Resorts and MGM China have both driven a strong performance for the company owing to increased business volume and travel activity. MGM Resorts […]
Industry
May 1, 2023
Pennsylvania Gaming Is Booming but It Is Not a Panacea for the Economy
Pennsylvania is the sixth-friendliest state for gambling, a recent report by WalletHub suggests. TheCenterSquare reporter Anthony Hennen analyzed those results, what they mean, as well as what the cost of Pennsylvania’s leading position is. Citing Michael Huyghue, Cornell University Visiting Professor of the Practice, Hennen noted that gambling is now engrained into the Pennsylvanian DNA, […]
Business
May 1, 2023
Sports Betting Expenses Are a Strain for the Ohio Lottery
Ohio is one of the latest states to legalize sports betting. It launched its legal wagering market in January, allowing local fans to fully immerse themselves in the world of professional sports. However, recent data shows that things might not be as rosy as the state had hoped, at least not for the Ohio Lottery […]
