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Business
May 2, 2024
Rush Street’s Q1 Report Highlights Improved Revenue and Reduction in Losses
Rush Street Interactive (RSI), a leading American online casino and sports betting company, has published its quarterly report for the period ended March 31. The company reported a significant increase in revenue and significantly narrowed its losses. For context, Rush Street reported Q1 revenue of $217 million, up 34% year-on-year from the $162.4 million reported […]
Business
May 2, 2024
Bally’s Q1 Financials: Losses Offset Favorable Revenue
Bally’s Corporation has published its Q1 results, reporting what CEO Robeson Reeves called a “solid start” to the year. Unfortunately, the favorable performance across several segments was offset by a loss of $173.9 million, triggering a decline in the company’s share price. For Q1, Bally’s reported company-wide revenue of $618.5 million, representing an increase of […]
Business
May 2, 2024
MGM Resorts Posts Record-Breaking Q1 Results, Eyes New Opportunities
MGM Resorts has published a record-breaking quarterly report, highlighting a significant increase in revenue. The company attributed the positive results to its diverse assets. For context, MGM’s net revenues for the period reached a whopping $4.4 billion, representing an increase of 13% year-on-year. According to CEO Bill Hornbuckle, this stellar figure was underpinned by the […]
Business
May 1, 2024
Lottomatica Posts Strong Q1 Results, Updates Guidance after SKS365 Takeover
The leading operator with a strong presence in Italy and across Europe, Lottomatica, released its latest financial update, uncovering details about its performance for the first quarter of this year. On Tuesday, the company disclosed details regarding its latest interim financial report, covering the three months ended March 31, 2024. In the first quarter of […]
Business
April 30, 2024
Sharp Gaming Migrates to Betfred, Rebrands to Betfred Technology
Sharp Gaming is a technology developer focusing on the gambling sector which launched seven years ago. Since then, the developer has benefitted from more than £100 million ($125.2 million) in funding from Betfred’s chairman, Fred Done, culminating with the absorption of Sharp Gaming by Betfred. The strategic migration was completed last week and as a […]
Industry
April 29, 2024
Curaçao Amends Gambling Legislation Following Industry Criticism
Curaçao’s Minister of Justice, Javier Silvania, has responded to concerns raised by the Curaçao Bar Association regarding the National Ordinance on Gambling (LOK) by announcing amendments to the law. The move comes after the Bar Association strongly objected to some contentions provisions in the gambling law’s draft, particularly regarding lawyers’ accreditation requirements. The Changes Are […]
Poker
April 29, 2024
ACR Poker Uncovers Online Super Series XL Starting Early in May
Ahead of the end of ACR Poker’s $12.5 million Venom tournament, the popular online poker site announced details regarding thrilling upcoming series. On Monday, ACR Poker unveiled information regarding its upcoming Online Super Series (OSS) XL. The thrilling events, catering to seasoned poker players and rising stars alike, promise more than $40 million in guarantees. […]
Business
April 26, 2024
Betsson Starts 2024 with Stellar First Quarter Results
The leading online gambling company with a strong presence across the globe, Betsson AB, released its interim results for the first quarter of 2024. On Friday, the company disclosed financial details regarding the three-month period between January and March this year, highlighting a number of important achievements, an increase in revenue and growth in the […]
Business
April 25, 2024
Sportradar Chooses Craig Felenstein as the New CFO
The 2011-founded global sports technology company that creates immersive experiences for sports fans and bettors, Sportradar Group, has appointed Craig Felenstein as its new chief financial officer. Felenstein, who previously embraced the same role with the global leader in expedition cruises and adventure travel, Lindblad Expeditions, will start to exercise his duties effective June 1. […]
Business
April 24, 2024
Kambi Posts Strong Q1 Results, Plans Further Growth
The provider of premium sports betting services to iGaming and betting operators across the globe, Kambi, released its latest financial update, uncovering details about its performance for the first quarter of this year. In its Q1 2024 unaudited report, the company posted €43.2 million ($46.2 million) in revenue, a result that showed a slight 2% […]
