Business
January 13, 2023
Kindred Unhappy with Preliminary Q4 Results, Plans to Take Action
On Thursday, the company released an update for the fourth quarter of 2022, confirming it expects to see revenue of £305.0 million ($372.9 million). Kindred’s Q4 Revenue Impacted by the World Cup A year-over-year comparison reveals a solid growth of 24% when compared to the £224.9 million ($275 million) result reported for Q4, 2021. Comparison […]
Business
January 12, 2023
DAZN Lost Billions in 2021, Postpones IPO Plans
DAZN, a leading sports streaming platform, announced that its initial public offering may become a reality within three years. This news comes in the wake of a report which outlined the company’s losses in 2021. DAZN Lost Billions in 2021 DAZN is a sports streaming company that hopes to become the next powerhouse in media […]
Business
January 10, 2023
Catena Media Names Carnegie Investment Bank AB as Financial Advisor
The group that offers securities brokerage, investment banking, and private banking services will pay attention to all options regarding strategic transactions and public tender offers that the group has received. While Catena Media has not yet received a firm bid for its business or assets, the affiliate did agree to sell AskGamblers to the Gaming […]
Industry
January 6, 2023
bet365 Group’s Profit Sank by 95%, Revenue Marginally up
Stoke-on-Trent-based online gambling operator bet365 Group filed its annual report for the financial year 2021-22, posting a marginal increase in revenue but a nearly 95% slump in profit. Stable Revenue, Spike in Administrative Expenses For the 52 weeks ended March 27, 2022, bet365 Group registered revenue of £2.87 billion ($3.42 billion), with more than 99% […]
Industry
January 4, 2023
Better Collective Implements New Long-Term Incentive Plan
Sports betting media group Better Collective is determined to award key personnel with a new incentive plan which will provide grants in the form of performance share units and/or share options. Participate in Value Creation The Long Term Incentive Plan (LTI) approved by the board of directors at Better Collective is aimed at retaining, motivating […]
Business
January 4, 2023
New Hampshire Betting Handle Increases in November Hitting $93.1M
The regulatory body in charge of sports betting, the New Hampshire Lottery, has announced its latest report, outlining that November marked a strong month for retail and mobile sportsbooks in the state. November Sports Betting Handle Soars In total, the combined retail and mobile betting handle in November hit $93,090,530. This marked the third month […]
Business
January 4, 2023
Taxes from Gambling in Macau Decrease in November 2022
In light of the COVID-related restrictions and decrease in traveling, the Macau SAR Government has seen a decrease in tax revenue recently. Macau Gambling Taxes Halt at $194M in November Overall, Macau’s six casino concessionaires contributed a total of MOP$1.56 billion ($194 million) in November 2022, a recent report released by IAG reveals. When compared […]
Industry
December 23, 2022
AGA Talks about the Industry’s Performance in 2022
With 2023 just around the corner, the American Gaming Association (AGA) has shared some highlights of the industry’s performance in 2022. Despite the various setbacks, the industry managed to achieve another record year, just as predicted in Q1. The Industry Experienced a Second Record Year The AGA posted details about the performance of the gaming […]
Industry
December 22, 2022
GOP Group Allegedly Funded DeWine’s Campaign with Gambling Money
Funding campaigns for reelection has always been a hot topic, and with how prominent DeWine’s name is in the gambling scene, it comes as no surprise that there are many loose ends. An Associated Press report looked further into it. Complicated Funding Routes Mike DeWine – a Republican Ohio Governor – is an outspoken supporter […]
Industry
December 22, 2022
Morgan Stanley: Macau GGR to Surpass $22B in 2027
Macau’s gross gaming revenues have taken quite a hit. The COVID-19 pandemic and the sporadic resurgence of the virus have devastated the tourism sector in the special administrative region, by extension greatly impacting gambling. Analysts were somewhat hopeful about the industry’s recovery in the second half of 2022 but sadly, it continued to underperform despite […]
