Industry
January 26, 2023
Casinos in Illinois Enjoy Strong Results in December and 2022
The gambling regulator in Illinois, the Illinois Gaming Board (IGB), has announced the revenue results for casinos and video gaming terminals (VGTs) for December. Although the regulator released the data regarding VGTs and casino operators, a report for the sports wagering revenue in December is yet to be released. Judging by those figures, licensed casino […]
Industry
January 26, 2023
GeoComply Secures Minority Funding from Norwest and Arctos
Provider of geolocation technology services GeoComply has secured minority investments from Norwest Venture Partners and Arctos Sports Partners to support continued growth in its core markets and expansion into financial services and media rights management. Gaining Investor Trust The minority investments made by funds managed by Norwest and Arctos came 18 months after GeoComply had […]
Industry
January 25, 2023
Lottomatica Mulls on IPO to Support Strong Q4 and FY22 Growth
Italian betting and gaming operator Lottomatica confirmed rumors that it was considering an initial public offering among its options going forward but did not provide any further details on its plans. Considering Going Public Lottomatica announced that its board, together with the company’s controlling shareholder, Apollo Global Management, “is currently contemplating potential strategic alternatives to […]
Industry
January 25, 2023
GambleAware Publishes List of Benefactors and their Donations
GambleAware, a British charity protecting people from gambling harm, shared details about the donations it received in the first three quarters of the 2022/23 fiscal year. GambleAware Received Donations from Many Companies The charity listed the full list of benefactors and noted that it has received a total of £13,209,805 ($16,318,204, current conversion rates) between […]
Industry
January 24, 2023
PredictIt to Shut Down for Violating Terms of Operation
PredictIt, the popular futures exchange tied to political events, has until February 15 to close all existing markets and shut down, putting an end to the legal availability in the US of bets on political events. Violation of Terms Established in collaboration with the Victoria University of Wellington, in New Zealand, PredictIt is now facing […]
Business
January 24, 2023
Sportech Optimistic for 2022 Numbers in Pre-close Update
The global betting and technology company has announced its pre-close trading update in relation to the financial year that ended on December 31, 2022. Sportech praised its gross gaming revenue for the previous year, with emphasis on its sports betting vertical’s strong and constant performance. Food and Beverage Revenue Growth, Lower Operational Costs The company […]
Business
January 24, 2023
Michigan Online Betting and Casino Close to $2bn in Receipts for 2022
Overall, the gross receipts from commercial and tribal iGaming and internet sports betting operators hit $1.98 billion in 2022. This result marked a strong 41% increase when compared to the $1.4 billion in gross receipts reported a year ago, in 2021. A breakdown of that total showed that internet sports betting contributed $399.6 million in […]
Business
January 24, 2023
Aristocrat Poised for Strategic M&A Deals According to Fitch Ratings
Fitch Ratings has recently evaluated the creditworthiness of Aristocrat Leisure, affirming their Long-Term Issuer Default Rating at “BBB-“. The outlook on the rating is stable. Sound Balance Sheet Will Enable Aristocrat to Pursue M&A Deals The positive assessment is based on Aristocrat’s strong business profile as a global gaming supplier and low gross leverage. The […]
Industry
January 23, 2023
Louisiana Sports Betting Brings Record Profits in December
According to the Louisiana Gaming Control Board, mobile sports betting contributed the majority of this revenue, with a total of $30.5 million generated. Retail sports betting also saw an increase, generating $6.4 million in revenue in December. Record Revenue Despite Decrease in Total Handle The growth of sports betting revenue marks the fourth time that […]
Business
January 20, 2023
Kambi Sets Ambitious Financial Targets for the Next 5-Year Period
These targets, which were presented at the company’s Capital Markets Day on January 19, include revenue of 2-3 times the levels of 2022 by 2027 and an EBIT of over EUR 150 million ($162 million). Ambitious Targets Backed by Key Factors The company’s Board of Directors has based these targets on a number of key […]
