Casino
July 13, 2022
GameOn Secures $550,000 Loan from Proje
Canada-based web3 game technology company GameOn Entertainment Technologies Inc. has announced that it is signing a loan agreement with venture capital company Proje Ventures for the amount of $550,000. Loan to Be Used as Working Capital In a press release, GameOn has informed that the loan is going to go towards general working capital. The […]
Business
July 12, 2022
PlayUp To Undergo Strategic Review, Selling the Business Is an Option
PlayUp, a leading online gambling and betting operator, has announced that it will consider numerous alternatives in its strategic review, with one alternative being selling the business. The review was initiated by the company’s board of directors and Innovation Capital LLC is the review’s financial advisor. PlayUp Is Currently on a Mission to Expand in […]
Industry
July 11, 2022
Sports Bets Marketplace WagerWire Closed $3m Funding Round
WagerWire, a marketplace empowering sports bettors to trade with their active wagers, announced yesterday the close of a $3 million seed funding round led by Miami Marlins and Leeds United FC co-owner Roger Ehrenberg. Flipping Bets Like Buying and Selling Stock The innovative marketplace allows sports bettors to buy and sell already placed wagers across […]
Business
July 8, 2022
Everi Holdings Generates 70% of Revenue from Recurring Business
Everi Holdings Inc is doing well insofar as its business and finances go. This is the memo that brokerage firm B. Riley Securities Inc. issued on Wednesday, commenting on the company’s financial standing, future prospects, and current business operations. Everi, the memo read, is able to generate 70% of its revenue and its EBITDA from […]
Casino
July 8, 2022
Maryland Casinos Posted $162.7m, Surpassed $2B Mark in FY2022
The Maryland Lottery and Gaming Control Agency released Wednesday its June casino gaming report to reveal that the state’s six privately owned casinos did not have the best of a month in June but managed to complete fiscal 2022 with a bang. Surpassing Significant Milestone Maryland casinos generated revenues of $162.7 million in June to […]
Business
July 7, 2022
Entain on Track to Hit $1.3B in NGR in 2022 Despite Online Slowdown
Entain has issued its latest trading update covering the period from April 1 through June 30, 2022. The company has also summed up the results from the first half-year or H1, covering the period from January 1 through June 30, 2022. The report highlights a snipper of the current group’s net gaming revenue and how […]
Industry
July 2, 2022
Betfred’s 2021 Profit Decimated by Betting Shop Closures
Betfred Group Limited filed its annual report and consolidated financial statements for the period ended September 26, 2021, to reveal the significant impact of the coronavirus-related closures on its betting shops. Key Performance Indicators For the 12 months ended September 26, 2021, Betfred generated £6,999 billion ($8,398 billion) in amounts wagered to register an increase […]
Industry
July 1, 2022
Increased Foot Traffic in May Could Not Help TAB NZ Meet Budget
New Zealand betting services provider TAB NZ released today its tenth monthly trading update for the 2021/22 financial year covering the performance in May 2022. Financial Performance Indicators TAB NZ failed to meet its turnover budget targets in May despite the slight ease of the impact of the current coronavirus outbreak which resulted in increased […]
Industry
June 29, 2022
JMP Hand-picks Gaming Stocks to Invest In Cheaply
Investors looking to buy gaming and gambling stocks on the cheap may have the opportunity to finally do so as JMP is offering what it believes to be a number-backed analysis into some worthwhile stock purchases. Naming the Winners Hidden in Plain Sight While the bank refrains from giving overly-optimistic prognoses, it has good reasons […]
Esports
June 27, 2022
Allied Esports Achieved Record Revenue and EBITDA in Q1 2022
Esports company Allied Esports Entertainment released today its first quarter 2022 financial results, posting its best quarterly performance of all time in both revenue and adjusted EBITDA. Business Performance Metrics For the three months ended March 31, 2022, Allied Esports Entertainment posted revenues of $2.4 million, a massive 381% increase on $501,000 in Q1 2021, […]
