Business
June 27, 2022
JP Morgan: Aristocrat’s FY Revenues to Go Up by 20%
The Australian arm of JP Morgan, a global leader in financial services, announced that Aristocrat Leisure, a global gaming content and technology company, is experiencing a strong post-pandemic recovery. The finance specialists said that the company’s business has recovered beyond pre-COVID levels and will likely keep on growing. JP Morgan Forecasts Growth for Aristocrat Experts […]
Industry
June 23, 2022
Credit Suisse: Macau Recovery Slower than Previously Estimated
Macau, the former global gambling Mecca, is facing a slow recovery if projections from Credit Suisse are to become true: the investment bank estimates gross gaming revenue in 2024 will only reach 80% of the 2019 level. Mass GGR Recovery Slower than Anticipated Credit Suisse released the forecast in a note Wednesday, stating that the […]
Industry
June 23, 2022
Jackpot Completes $35M Funding Round, Eyes US Expansion
The lottery business in the United States is valued at $100 billion annually and it is mostly cash-based. But one company is looking to change that and enable customers to purchase official lottery tickets online in multiple states. This company is called Jackpot, an online lottery ticket app and platform, that recently closed a $35 […]
Business
June 23, 2022
888 Releases Financial Update as William Hill Acquisition Looms
888 has published its final trading update as it approaches the acquisition of William Hill International, a once-mighty gambling behemoth that has been gobbled up by Caesars Entertainment and triple-eights. The company though seems to be in good financial standing with the revenue for the 12 months ending on February 28, 2022, sitting at £690 […]
Industry
June 21, 2022
Sports Gambling Guides Received $2M in Second Round Funding
A relatively new sports affiliate marketing business, Sports Gambling Guides (SGG), received further investor backing in a $2 million second round funding. Among the new investors at SGG was venture capital firm Astralis Capital. Targeting Social Media Customer Engagement SGG, the social media-focused sports marketing company launched in 2020 that offers a bold new take […]
Industry
June 20, 2022
Spain Q1 GGR More than Q4 2022, Less than Q1 2021
Spain’s regulated gambling market continues to see suboptimal gross gaming revenues. The country’s regulator just published the financial results for the first quarter of the year. According to them, GGR experienced a decline of almost 15%. Revenues Declined Across the Board The Director General for the Regulation of Gambling (DGOJ) reported that the sector earned […]
Business
June 18, 2022
Betsson AB Placed €90m in New Senior Unsecured Bonds
Swedish-based gambling group Betsson AB announced this week it has managed to successfully place new senior unsecured bonds in the amount of €90 million ($94.23 million). Institutional Investor Interest The new bonds issued by Betsson AB are under a framework of up to €250 million ($261.75 million), have a tenor of three years, and bear […]
Industry
June 16, 2022
Allwyn International Produced Solid Q1 2022 Performance
The winner of the fourth UK National Lottery tender Allwyn International posted today its financial results for the three months ended March 31, 2022, to reveal an overall solid performance and growth across key metrics. Consolidated Gross Gaming Revenue Allwyn recorded €869.3 million ($904.1 million) in consolidated gross gaming revenue in the first quarter of […]
Esports
June 2, 2022
Allied Esports on the Slow Road to Recovery
Allied Esports Entertainment Inc. recently announced its fourth quarter and 2021 annual financial results. The esports organizer reported a net loss of $6.3million for the quarter and $15.8 million for the entire year. This marks an improvement over 2020’s results when the Irvine, California-based esports company posted net losses of $31.7million. Things Are Starting to […]
Industry
June 1, 2022
Real Luck Group Posted Q1 2022 Revenue, Decrease in Expenses
Canadian firm Real Luck Group and its subsidiaries operating esports betting, sports betting and casino gaming under the Luckbox brand filed its first quarter 2022 financial results on the country’s portal for public companies System for Electronic Document Analysis and Retrieval (SEDAR). For the three months ended March 31, 2022, Real Luck Group posted revenue […]
