Esports
October 12, 2022
Rivalry Posts Q3 Results, Shows Progress
Rivalry, an esports betting platform made by gamers for gamers, posted its preliminary Q3 2022 results. During the three months ended September, the company’s revenues almost doubled. Rivalry Enjoys a Steady Growth Rivalry reported that its revenues experienced a stellar 93% year-on-year growth. Where the company earned $3.7 million in Q3 2021, it now got […]
Business
October 7, 2022
Catena to Save €5M in Europe and Re-Invest in the US
In August, Catena Media Plc announced it would scale down its European assets while throwing the focus on the North American market. This came after the company decided to place all assets on the Old Continent under strategic review on May 20, right before its interim results came out. Now, the company has announced that […]
Industry
October 4, 2022
French Gambling Reaches €5B H1 Turnover
France’s national gambling Authority (ANJ) is an independent body that reports to the Parliament and is responsible for regulating licensed gambling and betting games while overseeing responsible gambling policies for casinos. According to fresh data from the authority, the country’s sector has experienced an increase of more than 7% in the total turnover for the […]
Industry
October 3, 2022
Ainsworth Names Lynn Mah as CFO, Replacing Ludski
Ainsworth Game Technology, a leading gaming solutions supplier, has strengthened its financial team with the promotion of Lynn Mah. The latter will serve the renowned provider as its new chief financial officer. Mah to Replace Ludski as CFO Lynn Mah’s tenure at Ainsworth will officially begin at the beginning of the next year. Starting January […]
Industry
October 3, 2022
Macau’s GGR Declined by 50% in September
Macau’s struggles are far from over. In September, the special administrative region recorded 50% lower gross gaming revenue than it did for the same period last year, Macau’s Gaming Inspection and Coordination Bureau reported. However, there is hope on the horizon as Macau’s GGR shows signs of recovery. Macau’s Industry Experiences Setbacks Macau’s gambling industry […]
Industry
September 29, 2022
GBP Collapsed to All-Time Low amid Broader USD Strength
Financial markets like consistency and when institutions in a country do not operate on the same wavelength and send mixed signals, they react chaotically and it is the currency of the country that falls victim, confirmed by recent developments around the British pound. The Pound Collapse The GBP fell to an all-time low of 1.0327 […]
Industry
September 23, 2022
Finance Expert Talks Gambling Income amid Circa’s NFL Pool
Ryan Ermey, a senior reporter for CNBC’s Make It Money, is one of the many people who enjoy placing a wager or two in their free time. As statistics have demonstrated, sports betting is the preferred pastime of more and more people in the United States. However, some people are still not knowledgeable of the […]
Business
September 22, 2022
Favorable August Results Show EBET’s Strategy Works
Engaging and unique esports wagering experiences provider EBET (formerly Esports Technologies) has been working hard to curb its net loss and boost AEBITDA. The company reported major progress with losses plummeting throughout July and August. EBET’s Recorded Significantly Lower Losses According to EBET, it only lost $3.8 million during the two months. Meanwhile, adjusted EBITDA […]
Business
September 22, 2022
Playtech’s H1 2022 Revenue Hits €792.3M, up 73% YoY
The leading online gambling software supplier, Playtech, released its financial results for the six months ended June 30, 2022. The Company’s First Half Revenue Hits €792.3 Million The company reported strong revenue growth during H1. Overall, Playtech’s revenue for the first six months this year hit €792.3 million ($785 million). When compared to the same period in 2021, when […]
Casino
September 14, 2022
Groupe Partouche Posts Favorable Q3 Results
Groupe Partouche, a French casino company founded in 1973, has published its financial results for the third quarter of the current fiscal year. The company recorded a slight increase in its revenues thanks to the lifted COVID-19 restrictions. Strong GGR Was Offset By Rising Costs Groupe Partouche posted a GGR of $168 million for the […]
