Business
August 16, 2022
Galaxy Gaming Posts Increased Q2 Revenue Year-On-Year And Major Net Losses
Las Vegas-based casino table games and electronic wagering systems distributor Galaxy Gaming reported its results for the first half of 2022 and the second quarter of 2022 both ending on June 30. Galaxy Gaming Reported a 20% Increase in Revenue in Q22022 Year-On-Year Despite external factors driving expenses up, Galaxy Gaming still managed to achieve […]
Business
August 16, 2022
Let ESPN Go Its Own Way from Disney Urges Daniel Loeb
Decoupling ESPN from Disney may be a way forward for both companies to achieve their optimal performance in the entertainment industry, Third Point CEO and chief investment officer Daniel S. Loeb has said in a letter addressed to Robert A. Chapek, Disney’s chief executive. Third Point Capital Wants ESPN to Be Unshackled from Disney Essentially, […]
Business
August 15, 2022
Sands China Announces Significant Interim Losses
Macau-based integrated resort developer and operator Sands China released its financial results for the year’s first half. The company reported losses of $760 million (HK$5.96 billion), compared to $381 million (HK$2.96 billion) in H1 2021. Sands China explained the poor performance to the impact of the COVID-19 pandemic. Sands China Continues to Suffer from COVID […]
Business
August 15, 2022
Flutter’s Australian Subsidiary Sportsbet Revenue on the Rise in H12022
Global sports betting company Flutter reported its financial results for the first half of 2022 ending on June 30, which included the financial results for its subsidiary Sportsbet, the top sports betting provider in Australia. Sportsbet Reports 5% Increase in Revenue Year-On-Year Sportsbet did very well during the period from January 1 to June 30, […]
Business
August 12, 2022
Flutter Entertainment Reports 9% Rise in H1 Revenue
After announcing a 6% revenue increase to £1.56 billion ($1.96 billion) during the first quarter of 2022 compared to Q1 2021, Flutter Entertainment has reported a revenue of £3.38 billion ($4.12 billion) for the six months that ended on June 30. The figure that was published in the 2022 Interim Results for the first half […]
Business
August 12, 2022
NYRA Purchases 49% of Churchill Downs’ Subsidiary United Tote
Churchill Downs Incorporated (CDI), the parent company of Churchill Downs, has announced that it will sell 49% of United Tote’s shares to NYRA Content Management Solutions. NYRA Content Management Solutions is a subsidiary of the New York Racing Association, whereas United Tote is a subsidiary fully owned by CDI. The Goal of the Deal Is […]
Business
August 12, 2022
888 Holdings Releases H1 Report, Revenue Reaches $403.5 Million
888 Holdings Plc, a globally renowned online gambling and betting company, has posted its financial results for the first half of 2022, ending on June 30. According to the report, the company’s revenue reached £332.1 million ($403.5 million), which is a 13% YoY decrease as its 2021 H1 revenue was £380.9 million ($462.8 million). The […]
Business
August 12, 2022
Daryl West Becomes William Hill’s Head of Sponsorship, Social and PR
Daryl West, an outsider to the gaming industry, has joined William Hill as the company’s new head of sponsorship, social and PR. West’s experience spans a number of companies where he worked as head of social media for the most part, and he has cultivated the relevant knowledge to deploy tailored business solutions across the […]
Business
August 12, 2022
NeoGames Posts Strong Q2 2022 Results
NeoGames, a Nasdaq-listed iGaming tech provider, posted its results for the second quarter of the year. The results demonstrate that the company’s business is going steadily. A Look into NeoGames’ Financial Results NeoGames shared that revenues for the period sit at $21.1 million. This is a significant 46.4% increase on last year’s results. In addition, […]
Business
August 11, 2022
LeoVegas Group Shares Q2 Report, Shows 1% YoY Increase in Revenue
LeoVegas Group released its Q2 report in 2022 and the results state that the revenue had a 1% YoY increase as it reached €97.9 million ($101.1 million). Local currency organic growth was also up 1% and excluding the Netherlands, the group’s revenue increased by 9%. The Number of Depositing Customers at LeoVegas Decreased Even though […]
