Business
August 17, 2022
Betfred Becomes Official Manchester United Betting Partner
Social media reports surfaced on Monday that Manchester United and Betfred had entered a partnership. As a result, Betfred is said to have become the Official Betting Partner for the Red Devils. The pair were together back in 2006. Intelly head of marketing Łukasz Bączek tweeted that the current partnership is estimated at £4 million […]
Business
August 17, 2022
HeadsUp Is Close to the Finish Line with Spinola Acquisition
International gaming operator HeadsUp Entertainment has taken an important step towards strengthening its position in the global lottery market with the upcoming finalization of the acquisition of lottery software provider Spinola Gaming. HeadsUp Buys All Third-Party-Owned Spinola Shares HeadsUp has announced the completion of the next step leading towards the acquisition of the major global […]
Business
August 17, 2022
Raketech Posts Q2 Results, Shows 29% YoY Increase in Revenue
Raketech, an award-winning iGaming affiliate company, has released its Q2 report, which showed stable performance for the company. The revenue has reached €11.3 million ($11.5 million), even though the period was packed with “challenging market conditions and low seasonality.” Sports Betting Was Responsible for Over 30% Of the Total Revenue The company’s sports revenue reached […]
Business
August 16, 2022
Playmaker Capital Reports Operating Loss Despite Record Revenue
Digital sports media company, Playmaker Capital, released its Q2 financial results, highlighting substantial growth and record-setting engagement metrics. The Toronto-based company recorded impressive results across nearly all key performance indicators but reported an operating loss of $0.7 million for the quarter. Excellent Player Engagement Boosted Profitability The second quarter marked a significant return on Playmaker’s […]
Business
August 16, 2022
GAN Shows Mixed Results in Its Q2 Earnings Call
Online sports betting and iGaming software provider GAN Limited released its Q2 2022 earnings call. The company recorded revenues of $34.97 million for the quarter, constituting a 2% year-to-year rise compared to 2021’s $34.63 million. Despite the slight growth, this result missed estimates by 4.37%, as the earnings call revealed several underperforming metrics. Outside Factors […]
Business
August 16, 2022
Genius Sports’ Q2 Results Show Strong Growth
Sports data and tech company Genius Sports posted its financial results for the second quarter of the year. The company recorded high revenues, while its losses plummeted. Genius Sports’ Revenues Increased Genius Sports said it earned $71.1 million during the second quarter of the year. Notably, this number represents a 27% increase on the 2021 […]
Business
August 16, 2022
GIG: Positive Net Profit & 37% Revenue Increase for Q2
Leading iGaming platform and media provider offering world-class solutions to partners and customers Gaming Innovation Group (GiG) has released the reports for the second quarter of 2022. The provider has reported a revenue boost of 37% for Q2 2022 compared to the same quarter of 2021. Out of the increase, 24% was organic, helping the […]
Business
August 16, 2022
BetMakers Makes Amendments to NTD Venture Set to Launch in 2022
News Corp Australia and Tekkorp’s wagering venture called NTD Pty has agreed to purchase TexBet. TexBet is BetMakers’ SaaS platform customer and upon the completion of the purchase, BetMakers will receive IP and ownership rights and will support the migration to the NTD platform in exchange for a $2.5 million contribution. The Joint Venture Will […]
Business
August 16, 2022
EBet to Lay off Workers as Part of Profitability Plan
EBet, a global provider of advanced esports wagering products and technology, will be laying off over half of its workers. The company cited profitability goals as the reason for the drastic measures. EBet Announced Profitability Plan In May, EBet posted its results for the second quarter of the fiscal year. Although the company’s revenues rose […]
Business
August 16, 2022
BtoBet Continues to Build upon African Momentum
NeoGames is expanding in Ethiopia through a partnership with UtopBet. The partnership is facilitated by NeoGames’ own brand, BtoBet, a sports betting supplier. As a result, BtoBet will move forward with providing its proprietary sportsbook solutions and betting services, along with risk management options for UtopBet. Doubling Down on New Market Expansion UtopBet will offer […]
