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 […]
Business
March 10, 2023
Flutter Entertainment’s Results Boosted by Online Gaming Segment
Flutter Entertainment, a leading sports betting and gaming company, has released its annual financial report for the year 2022, and it’s full of impressive numbers. Online Gaming Segment Boosts Flutter Entertainment’s Revenue by 49% In the report, Flutter Entertainment announced a significant increase in revenue and profits compared to the previous year. The company’s revenue […]
Business
March 10, 2023
PlayAGS Posts Record-Breaking Q4 2022 Results
PlayAGS, a designer and developer of gaming solutions, has published its results for the fourth quarter of 2022, demonstrating strong growth across its verticals. The company’s revenues and EBITDA improved significantly as interest in its products grew. As reported by the company, its total revenue increased to a record $81.7 million, representing a favorable 16% […]
Business
March 9, 2023
Entain Posts FY22 Results, Commits to Diversification and Sustainability
Global gambling giant Entain posted its financial results for the year ended December 31, 2022. The company highlighted its successes, noting that 2022 was a very strong year for the company. Entain reported that gaming revenue for the period increased by 12% year-on-year to around $5.17 billion (converted to USD). Online net gaming revenue experienced […]
Business
March 7, 2023
Golden Entertainment to Sell Nevada and Montana Gaming Operations to J&J Gaming
American gaming company Golden Entertainment unveiled a definitive agreement to divest its gaming operations in the states of Nevada and Montana. As announced by the company, it has agreed to sell these assets to J&J Ventures Gaming for aggregate cash consideration of $322.5 million. Golden Entertainment explained that the sale of its Nevada-based business will […]
Business
March 6, 2023
3 Oaks Gaming Names Vashukevich as Head of Account Management
3 Oaks Gaming, a fast-growing distributor of online gambling content, has expanded its team with a new head of account management. The one joining the company is none other than the experienced Victoria Vashukevich who boasts years of experience in the sector. Vashukevich will serve the company from its headquarters on the Isle of Man. […]
Business
March 6, 2023
Aussie Pokie Tycoon Acquires Major Stake in Star Entertainment Group
The company has been facing financial difficulties and a drop in its share prices. Mathieson, with his sharp business acumen, has seen a long-term potential for growth and development in Star Entertainment Group and invested a whopping AUD142 million ($96 million) to acquire his stake in the company. Bruce Mathieson plans long-term investment in Star […]
Business
February 28, 2023
Scout Gaming Minimizes Losses, Continues Journey toward Positive Revenue
Scout Gaming has published its financial report for 2022, highlighting a noticeable decrease in annual losses. The B2B fantasy sports and betting provider attributed the improved metrics to its cost-effective strategy. As reported, Scout Gaming recorded losses of $5.76 million (converted from Swedish Krona) representing a 27% year-on-year decrease from the $7.87 million in losses […]
Industry
February 28, 2023
Super Group Parts Ways with Alan Alger
Super Group, the holding behind the online gambling brands Betway and Spin, is parting ways with Alan Alger, its director of corporate communications. This marks the end of Alger’s long career with the company. The announcement was made by Alger who spoke of his departure on LinkedIn and Twitter. He noted that his eight and […]
Industry
February 28, 2023
Bede Gaming Designates Kirsty Stewart as Chief Legal & Client Services Officer
Bede Gaming, a UK-based gambling platform and software company, has reinforced its team with the addition of a new chief legal & client services officer. The one up to the task is the seasoned Kirsty Stewart who will bring two decades of legal experience. Stewart is by no means a new face. She has worked […]
