Casino
April 11, 2022
Kindred Group Announces a 30% Q1 Revenue Drop Amid Netherlands Exit
Nasdaq Stockholm-listed Kindred Group has revealed a trading update before its complete Q1 2022 report that will be released on April 28. The group with licenses and locations spread all over North America, Europe, and Australia has announced total revenue of £247 million ($322 million) for the first quarter of the current year. The numbers […]
Industry
April 7, 2022
Entain’s Q1 2022 Trading Update Revealed Recovery of Retail
Global sports betting, gaming and interactive entertainment group Entain released today a trading update for the first quarter of 2022, reporting strong revenue growth. Retail Nearly Back to Pre-Pandemic Levels For the three months from January 1 till March 31, Entain registered 31% growth in net gaming revenue driven mainly by the return of Retail […]
Business
April 1, 2022
GiG to Close Acquisition of Sportnco for €51.37m
Gaming Innovation Group (GiG) announced today the Board of Directors issued a resolution to complete the €51.37 million ($56.5 million) acquisition of Sportnco after the company obtained the required approvals from all relevant authorities. Increase Short-Term and Long-Term TAM The acquisition of Sportnco which was initially announced in December last year is expected to strengthen […]
Business
March 31, 2022
Codere Online Accounted for Full Year 2021 Revenue Growth
Codere Online, an independent publicly listed company spun off Madrid-based Codere Group, released its fourth quarter and full year 2021 financial report, posting flat quarterly results and 17% growth in 2021 net gaming revenue. Flat Quarter, Double-Digit 2021 Growth For the quarter ended December 31, 2021, Codere Online achieved net gaming revenue of €22.2 million […]
Industry
March 31, 2022
Network Gaming’s Strategic Funding Round Raised £1.25m
A strategic round of funding saw Network Gaming attract £1.25 million ($1.65 million) investment from industry angels, including Betfair co-founder Andrew Black, to support its efforts to innovate sports prediction games. Games to Complement Live Sports Experience Betting technology company Network Gaming raised the money to power the next phase of its international growth and […]
Business
March 30, 2022
Suncity Group 2021 Report Casts Doubts on Company’s Future
Suncity Group, the junket operator at the core of money laundering issues for Australian casino operators Crown and Star, released its full year 2021 financial results, stating that the business can continue operating in the next 12 months on a going concern basis. Material Uncertainties on Ability to Continue as a Going Concern The group […]
Business
March 25, 2022
Gambling.com’s Full Year 2021 Revenue Growth Offset by Expenses
Affiliate services provider for the gambling industry Gambling.com Group released its full year 2021 financial results Thursday, reporting revenue growth of 51% and a 17.8% drop in net income. Organic Revenue Growth Gambling.com Group’s revenue for the year ended December 31, 2021, amounted to $42.3 million, up from the $28 million reported in the previous […]
Esports
March 16, 2022
Challenger Secures Another Undisclosed Funding Round with SeventySix
Challenger, an esports betting platform, has participated in a second seed investment round led by SeventySix Capital. The investment will be used to allow the company to expand its product beyond desktop gaming and on Xbox and PlayStation consoles along with new content, competitive features, and other complementary initiatives that would create a strong foothold […]
Business
March 14, 2022
Genius Sports’ Revenue for Q4 2021 Up a Massive 79% Despite Huge Net Losses
Despite its skyrocketing Q4 2021 net losses, innovative sports, and technology company Genius Sports managed to grow its revenue by almost 79%, reaching $84 million. The upcoming two years are looking bright for the company with profitability on the horizon, according to the company’s fourth-quarter earnings call. Genius Sports Recorded $262.7 Million in Full Year […]
Industry
March 9, 2022
888 Eyes Long-Term Sustainable Growth with Record 2021 Revenue
888 Holdings released today its audited full year 2021 financial results posting record revenue and EBITDA and growth across all key metrics. Key Performance Metrics The Gibraltar-based gambling group registered $980.1 million in full-year 2021 revenue, up 15% on $849.7 million in 2020, with B2C operations across both core and growing markets being the main […]