Business
February 20, 2023
EEG to Sell Bethard as It Continues Paying Off Debts
Esports Entertainment Group (EEG) has announced that it will be selling its Bethard online gambling brand. The buyer will pay a total of $10.14 million (converted to USD from Euro) for the Malta and Sweden-licensed brand. As announced, the sale sum will be comprised of $1.76 million of cash on closing and $6.94 million of […]
Business
February 15, 2023
FDJ Posts Impressive FY22 Results, Improves FY23 Guidance
La Française des Jeux, one of the biggest gambling and lottery companies in France, has published its results for FY 2022. The company’s metrics continued to improve across the board, leading to an enhanced FY 2023 guidance. FDJ reported that its revenue rose by 9% in 2022 to $2.64 billion. The company successfully recovered from […]
Business
February 15, 2023
Genting Casino Nottingham Closes Permanently
Genting Casino Nottingham will be closing its doors, its managers announced. As reported by the Nottingham Post, the decision was prompted by “commercial considerations” and follows a month-long consultation process with the casino staff. Since Genting Casinos has a policy of caring for its employees, it made sure to consult its staff. As noted by […]
Business
February 8, 2023
Red Rock Resorts Post Favorable FY 2022 Results, Vows to Remain Disciplined
Red Rock Resorts just published its financial results for Q4 2022, demonstrating mixed results. Despite the headwinds in Q4, the company’s annual results were positive, inspiring confidence in the business. As reported by the operator, it recorded net revenue of $425.5 million in Q4, which represents a slight 0.7% year-on-year increase. Net income, however, declined […]
Esports
February 7, 2023
Bayes Esports to Provide Exclusive Match Data for EFG
Bayes Esports, a top provider of esports live data, has unveiled a new strategic partnership with ESL FACEIT Group (EFG), a major esports event organizer. Under the multi-year agreement, Bayes Esports will serve as the exclusive match data provider for many tournaments and leagues hosted by EFG. The Two Parties Extend Their Fruitful Relationship Until […]
Business
February 7, 2023
Bet-at-Home Completes the Transition to EveryMatrix’s Sportsbook Platform
Bet-at-home and EveryMatrix have solidified their existing partnership as the developer’s OddsMatrix solution goes live across all MGA-regulated markets, with a German launch soon to follow. EveryMatrix’s software suite offers various innovative features, promising to boost revenue and efficiency. The mutually beneficial agreement allows Bet-at-home to downsize its team, freeing up more resources to focus […]
Business
February 3, 2023
Penn Entertainment Q4 Revenue Remains Stable despite Negative Factors
The company’s revenue for the quarter reached $1.59 billion, a modest 0.8% year-on-year increase. However, several notable metrics, like earnings per share, fell short of Wall Street’s estimates, while rising interest rates negatively impacted expenses. Despite the stagnating results, Penn Entertainment’s management remained optimistic for 2023, relying on its expansion efforts and strong momentum. Management […]
Business
February 3, 2023
Boyd Gaming Posts Record-Breaking Q4 2022 Results
Boyd Gaming Corporation posted its financial results for the fourth quarter of 2022. As reported by the gaming and hospitality giant, the three months ended December 31 were very successful for the company, as was the entire year. Q4 Saw Boyd Gaming Perform Strongly As announced, Boyd Gaming recorded revenues of $922.9 million in Q4 […]
Business
February 3, 2023
MeridianBet’s Empty Bet Revolutionizes Traditional Betting
The new betting offering called Empty Bet sets MeridianBet Group apart and helps it establish a distinct position in the markets where it operates. MeridianBet’s Empty Bet Offers Unique Features MeridianBet presents a rare betting experience with its innovative product, Empty Bet. It opens the door for patrons to place wagers on any human interaction […]
Business
February 2, 2023
DraftKings Lays Off 3.5% of Its Global Workforce
DraftKings has joined FedEx and Rivian Automotive in announcing job cuts, aligning with a growing trend among US corporations. The company announced the move aims to boost efficiency and will affect about 140 jobs. A Major Portion of the Job Cuts Are in Europe, Asia, and the Middle East The majority of the impacted positions […]
