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Business
March 23, 2023
Better Collective Highlights 2022 Achievements in a New Report
The leading digital sports media group, Better Collective, released Thursday its 2022 annual report. The company highlighted strategic achievements and significant growth within regulated markets it has seen last year. At the same time, the new report hinted plans for further expansion and financial targets for the future. In 2022, Better Collective enjoyed strong growth […]
Casino
March 21, 2023
Dream Las Vegas Construction Stalls as Developers Run Out of Funds
Shopoff Realty Investments, one of the companies behind the project, is confident that the planned hotel is promising enough to draw additional investors. Rising inflation and other economic pressures almost doubled the construction costs, and the funding-related delays may push back the planned late 2024 launch. Despite ongoing difficulties, the developers remain optimistic and will […]
Business
March 17, 2023
Gambling Revenue in New Jersey Increases by 10.4% In February
The gambling regulator in New Jersey, the Division of Gaming Enforcement (DGE), released its latest report outlining the performance of racetracks, casinos and their partners during February 2023. Overall, the gaming revenue reported by the gambling operators and their partners last month hit $412.2 million. This result, when compared to the $373.3 million reported for […]
Business
March 16, 2023
Commercial Gaming Revenue up by 21% In January, Says AGA
The US gambling industry trade group, the American Gaming Association (AGA), announced Wednesday new data regarding the revenue reported by the commercial gambling sector in the country, acknowledging a strong start to the year. Judging by the new data, the US commercial gaming revenue, which includes iGaming, land-based and sports betting revenue hit $5.50 billion […]
Industry
March 15, 2023
Sportradar’s Q4 Performance Contributed to Strong 2022 Growth
Global sports data and technology company Sportradar Group AG announced its fourth-quarter and full-year 2022 financial results, posting revenue growth and a full-year profit decrease. Fourth-Quarter Results For the three months ended December 31, 2022, Sportradar reported revenue of €206.3 million ($220.7 million), up 35% year-over-year, of which 51% came from the Rest of the […]
Legal
March 15, 2023
Bally Sports Owner Files for Bankruptcy, Seeks to Shed $8B Debt
The broadcaster behind Bally Sports regional sports networks (RSN), Diamond Sports Group (DSG) announced Tuesday it is in the process of finalizing a Restructuring Support Agreement (RSA) with companies that hold the majority of its debt, as well as Sinclair Broadcast Group. This is a strategic move that ultimately seeks to eliminate a debt of […]
Business
March 14, 2023
Super Group Publishes Preliminary Q4 and FY22 Results
Super Group, the group behind the Betway and Spin gambling brands, has published its preliminary Q4 and full-year 2022 financial results. The company saw its revenue exceed the guidance range, causing Super Group to be optimistic about the future despite certain declines. Super Group’s unaudited Q4 financial highlights show Q4 revenue of around $353 million […]
Industry
March 10, 2023
Genius Sports Revealed Impressive Full-Year 2022 Performance
Data, technology and broadcast company Genius Sports released today its fourth quarter and full year 2022 financial report, posting an impressive increase in revenue and a significant drop in the group’s net loss. Quarterly and Full-Year Revenue Genius Sports generated $105.34 million in revenue in the fourth quarter and $341.03 million in the full year […]
Casino
March 10, 2023
Century Casinos Registered Double-Digit Revenue Growth in 2022
Gaming and hospitality operator Century Casinos released today its fourth quarter and full year 2022 financial report, posting increases in revenue and EBITDA despite the decline from US operations. Net Operating Revenue, Adjusted EBITDA Net operating revenue for the three months ended December 31, 2022, was $103.75 million, down 3% from $107.3 million registered in […]
Industry
March 10, 2023
Veikkaus Revenues Stagnate as the Agency’s Future Remains Uncertain
Veikkaus Oy’s 2022 profits remained roughly in line with last year. Fennica Gaming, the group’s first subsidiary, showed promising results and should soon significantly contribute to the group’s market presence. Despite optimistic remarks from board members, rising political pressures may soon disrupt Veikkaus’ undisputed reign over the Swedish market. Financials Remained Stable across the Board […]
