Business
April 29, 2021
Recovery Underway for MGM Resorts Regardless of Losses in Q1
MGM Resorts continues to improve in Q1 even though it still posts losses amid growing consumer interest. Recovery Begins at MGM Resorts International MGM Resorts International has been affected by the COVID-19 pandemic, just like any other casino and hospitality company operating in the physical world. Yet, for all the setbacks, the three-month period ending on […]
Business
April 29, 2021
Betsson Buoyant on Q1 Results despite a Few Near-Misses
Betsson Group has posted strong results in Q1 2021 with net profit going up even though the Group suffered setbacks in Norway and Germany. Betsson’s Results Improve Despite Setbacks With the first quarter of the year in the books, Betsson Group is happy to report that it has hit a bull’s eye so far as its financial […]
Business
April 29, 2021
Genius Sports 2020 Results: Landmark Year and Fourth Quarter despite Covid-19
Genius Sports posted strong 2020 results with group revenue growth of 31% to $150 million compared to 2019 and group adjusted EBITDA rise from $6 million to $18 million. All Product Lines Experience Growth in 2020 Sports data and technology company Genius Sports released its financial results for the fourth quarter of 2020 and the […]
Business
April 28, 2021
Kambi Group Posted Impressive 2021 First Quarter Growth
Malta-based sports betting technology provider Kambi Group released its Q1 trading update today posting impressive growth in sportsbook operations. Exceptional Financial Performance Total revenue for the Stockholm-listed group for the first quarter of 2021 amounted to €43.2 million, up 55% compared to €27.9 million registered in the first 3 months of 2020, as the company’s […]
Business
April 28, 2021
Playtech and Parx Launch Play Gun Lake App in Michigan
Leading gambling technology provider Playtech announced today its partnership with Parx Interactive and Gun Lake Casino in Michigan resulted in the launch of a new iGaming app, Play Gun Lake. “We are delighted to launch playgunlake.com, our new iGaming app in Michigan with Playtech and to bring the success of Parx into the Michigan iGaming […]
Business
April 28, 2021
888 Continue to Beat Expectations, Q1 2021 Revenue up 66%
888 Holdings, a Gibraltar-based online betting, and gaming company, released today its Q1 trading update posting for the 3 months ended 31 March 2021 66% growth in total revenue, in line with the trend set in 2020 when its revenue beat market expectations. B2C Division Sets the Pace The growth, driven mainly by B2C operations […]
Business
April 28, 2021
Yggdrasil Boosts Presence in Italy with Planetwin365
Yggdrasil, a leading online gambling content provider, strengthens its position in Italy by partnering with Planetwin365, a flagship brand of the SKS365 group. Yggdrasil with a Strong Foothold in the Italian Market Yggdrasil has signed a partnership deal with Planetwin365, a flagship brand under the Austria-based SKS365, to boost its presence in the Italian market. […]
Business
April 28, 2021
Codere’s Financial Struggles Continue, Moody’s Turns Less Optimistic
Even before the COVID-19 pandemic, it seemed that Spanish casino and gaming operator Codere was in a great position. As much as it worked to grow its global footprint, though, there were signs of financial difficulty that couldn’t ignored. The coronavirus exacerbated the situation and began to work with its creditors in order to find […]
Business
April 28, 2021
DraftKings Inks Content and Distribution Deal with Meadowlark Media
DraftKings and Meadowlark Media signed a new partnership agreement on Tuesday this week. Under the partnership, both DraftKings and Meadowlark will distribute The Dan Le Batard Show with Stugotz and The Le Batard & Friends Network across multiple media channels. DraftKings Inks First-of-Its-Kind Deal with Meadowlark Media The daily fantasy sports contest and sports […]
Business
April 27, 2021
Gaming Realms Posted 2020 Revenue Growth of 66% YoY
Developer of gaming content for mobile, desktop, and tablets Gaming Realms marginally raised its trading expectations today saying the strong momentum from last year continued into 2021. Strong Growth in 2020 The AIM-listed developer which launched its Slingo content in the Italian market and will soon expand into a second US state, Michigan, said in […]