Business
July 28, 2022
FanDuel Appoints New Chief Legal Officer amidst Management Reshuffles
Carolyn Renzin, former FanDuel chief risk and compliance officer , announced on her LinkedIn profile that she would become the company’s new chief legal and compliance officer starting this month. This promotion continues her almost three-year employment at the gambling operator. Renzin Has Substantial Legal Experience in Many Industries FanDuel was Renzin’s first contact with […]
Sports
July 28, 2022
Underdog’s $35m Funding Round to Support Product Innovation
A Series B funding round of $35 million announced by fantasy sports operator Underdog including funds and accounts managed by BlackRock and Acies Investments valued the company at $485 million. Moving into Sports Betting The funding round is expected to provide the funds necessary for Underdog to build innovative licensed sports betting products, expand its […]
Business
July 27, 2022
Malta’s Kombi Group Reports 19% Decrease in Revenue Year-on-Year
Malta-based B2B sports betting technology provider Kambi Group reported yet another positive quarter marked by revenue of €34.7 million ($35 million). However, there was a year-on-year decline as a result of the numbers being readjusted because of the DraftKings migration, the change of regulations in the Netherlands, and less sports events during the period from […]
Casino
July 25, 2022
Bally’s Closed ‘Dutch Auction’ Tender, Published Results
Bally’s Corporation, the hospitality and entertainment company operating casinos, resorts and online gaming, announced today the preliminary results of its modified “Dutch Auction” tender offer which expired at midnight NYC time on July 22, 2022. Preliminary Numbers Released According to the preliminary count of the depositary for the tender offer, American Stock Transfer & Trust […]
Business
July 21, 2022
LVS’ Q2 2022 Revealed Wider Loss, Missed Expectations
Global developer and operator of convention-based integrated casino resorts Las Vegas Sands (LVS) Corp. reported Wednesday its second quarter financial results and revealed that the business continued to struggle amid restrictions and reduced visitation. Loss Wider than Market Expected For the three months ended June 30, 2022, LVS posted net revenue of $1.05 billion, up […]
Business
July 21, 2022
Evolution Posts Q2 and H1 Results for 2022
Evolution has published its interim report for the second quarter and first half of the year. The company reported strong performance across the board with operating revenues increasing by 34% to €344 million ($350 million) in Q2 2022. EBITDA for the company increased by 36.4% to €238.2 million ($242.68 million) or a margin of 69.3%. […]
Business
July 21, 2022
Betsson Sets Record-High Revenue in Q2, 2022
Betsson AB has published an interim report covering the second quarter of the year for the period between April-June 2022. The company posted strong all-time revenue driven by its most recent forays in the Latin American and Central and Eastern Europe and Central Asia regions. The company reported group revenue of €186.3 million over the […]
Casino
July 19, 2022
Naga Corp Rebounds with Net Profit of $52.7 million in H1
Hong Kong-listed Naga Corp reversed its losses from the first half year of 2021 with a net profit amounting to $52.7 million for the first half year of 2022. Sequential Growth in Results for Naga Corp for H12022 Increased foot traffic and overall business activities across all segments at Naga Corp’s integrated casino resort NagaWorld, […]
Business
July 15, 2022
Jackpot Cycle Makes Jumbo Predict 27.1% Revenue Growth for 2022
Australia lottery retailer Jumbo Interactive has predicted a 27.1% year-on-year revenue growth for the fiscal year 2022. The company also foresees its total revenue for the first half of the year ending on June 30 to go to AUS$103.8 million ($69.8 million). The number signals a 32.75% growth from $81.7 million ($55.2 million) in 2021. […]
Business
July 13, 2022
Sports Tech Company Cipher Secures $5 Million Series A Funding
Australian sports betting startup Cipher Sports Technology Group raised $ 5 million in a Series A round. The company competes in the B2B and B2C space and focuses on predictive analytic betting products, machine learning, and sports media. Cipher will use the newly acquired funding to expand its US business. Cipher Sports Technology Group launched […]
