Business
March 3, 2023
BlueBet Strives for Positive Cash Flow After Disappointing H1 Results
BlueBet, a mobile-first online wagering provider based in Australia, has announced its half-year financial results for the six months which ended on December 31, 2022, (H1 FY23). BlueBet Posts Negative EBITDA and Profit After Tax BlueBet’s turnover increased by 6.1% to AUD280.5 million ($189.3 million) in H1 FY23, with strong growth in sports and mobile. […]
Industry
March 2, 2023
RSI Posted Q4, Full-Year 2022 Revenue Growth, Loss Increased
Online gaming and sports betting operator Rush Street Interactive, Inc. (RSI) published its financial report for the fourth quarter of 2022 and the full year ended December 31, 2022, posting revenue increases of 27% and 21%, respectively. Strong Revenue Growth RSI generated in the last business quarter of 2022 revenue of $165.5 million to contribute […]
Business
March 2, 2023
Flutter’s Preliminary 2022 Financials Reveal Outstanding Growth
Despite stellar performance across most key verticals, Flutter Entertainment ended the year at a net loss due to several strategic acquisitions, rising interest, higher expenses, and taxes. The company’s management team had only positive remarks, emphasizing the potential growth in several attractive new jurisdictions and the opportunity to consolidate its dominating position in mature markets. […]
Business
March 2, 2023
Light & Wonder Restructuring Efforts Pay Off as 2022 Revenues Soar
The cross-platform global game company released its official Q4 and end-of-the-year financial results, showing growth across all significant verticals. Light & Wonder’s impressive performance is already bearing dividends for its shareholders, who can expect strong momentum going into 2023. The management team expressed confidence that the company’s strategic transformation would continue to bring sustainable value […]
Business
March 2, 2023
Nevada Operators Enjoy Strong 2023 Start with $1.27bn Gaming Win
The gambling regulator in Nevada, the Nevada Gaming Control Board (NGCB), released its latest report, outlining the financial performance of nonrestricted gaming licenses for January. Judging by the new report, the operators enjoyed a stellar start to the year, with the total gaming win hitting $1,272,955,068 in January 2023. A year-over-year comparison to January 2022 […]
Business
February 28, 2023
Codere Online Net Gaming Revenue Soars by 48% For 2022
The leading online gaming operator offering services in Latin America and Spain, Codere Online, released its fourth quarter and 2022 results, showing strong growth in revenue and an increased number of active monthly players. The company said Tuesday that its net gaming revenue in Q4, 2022, hit €37.7 million ($40 million). This result, when compared […]
Business
February 28, 2023
Scout Gaming Minimizes Losses, Continues Journey toward Positive Revenue
Scout Gaming has published its financial report for 2022, highlighting a noticeable decrease in annual losses. The B2B fantasy sports and betting provider attributed the improved metrics to its cost-effective strategy. As reported, Scout Gaming recorded losses of $5.76 million (converted from Swedish Krona) representing a 27% year-on-year decrease from the $7.87 million in losses […]
Business
February 28, 2023
IGT Posts 3% Increase in Revenue to $4.2 Billion for 2022
The multinational gambling producer of slot machines and gambling technology has published its Q4 and full year results for 2022, announcing it has reached all of its financial goals for the year while managing to strengthen its “product leadership positions” across Global Gaming, PlayDigital, and Global Lottery operations. Strategic Work Has Paid Off According to […]
Industry
February 27, 2023
Washington DC Sportsbooks Declined in January
In general, the current trend shows that sports betting continues to be the pastime of choice of millions of Americans. The sports betting industry has exploded with new states legalizing wagering on sports each year. Despite the generally favorable state of affairs, the growth trend is by no means universal or without its exception. In […]
Business
February 27, 2023
Betting GGR in January Sets a New Record in New Hampshire
The New Hampshire Lottery, the regulator in charge of sports betting in the state, revealed that the combined betting handle by retail and mobile sports betting hit $97.2 million in January. Although this result didn’t mark a record, it was still the highest wagering handle reported for the last six months. More importantly, the $97.2 […]
