Business
November 5, 2021
DraftKings’ Q3 Marks a 60% Year-to-Year Revenue Increase
American fantasy sports and betting operator DraftKings has met the 2021 Q3 revenue expectations it had announced in August. The company’s operations for the third quarter of the year have earned it a total of $213 million. DraftKings Reports a 60% Q3 Revenue Increase The aforementioned sum marks a 60% year-to-year increase, considering that DraftKings […]
Business
October 29, 2021
Evolution Scores Year-to-Year Revenues Increase in Q3 2021
B2B supplier of live casino services Evolution Gaming continues enjoying a significant increase in revenues in Q3 2021 thanks to its expanding portfolio of offerings. Evolution Gaming’s Revenues Have Doubled Up In the third quarter of 2021, Evolution has seen double the revenues it got for the same period in 2020. In comparison, its Q3 […]
Business
October 28, 2021
Scientific Games Agrees to Sell its Lottery to Brookfield for $6B
Yesterday, B2B gambling products and services provider Scientific Games announced its intentions to sell its lottery business. The buyer, the Canadian investment firm Brookfield, is putting forward $6 billion for the purchase. Scientific Games to Sell its Lottery Out of this total sum, $5.8 billion will be paid upfront, followed by another up to $225 […]
Business
October 28, 2021
Kindred Enters Choppy Seas with Challenging Q4 Results
Swedish betting operator Kindred has had a year of ups and downs. Kindred experienced gradual growth, hitting a 6% year-to-year increase in its revenues for the third quarter of 2021. However, it is currently growing through a major drop. Kindred’s Marks a Difficult Start to Q4 The operator’s fourth-quarter saw its revenues plummet by 61% […]
Business
October 19, 2021
888 Holdings’ Trading Update Revealed Q3 2021 Growth
888 Holdings, a sports betting and online gaming group operating out of Gibraltar, released today its trading update for the third quarter of 2021, posting growth in revenue. Strategic Progress Reporting on a busy quarter, 888 Holdings saw its group revenue in the three months ended September 30, 2021 rise by 7% compared to the […]
Business
October 12, 2021
Entain Sees Online Growth in Q3 Report, Confirms Addressable Market to Exceed $160B
Entain Plc is emerging from another strong quarter with the company’s corporate growth beating expectations and well on track to accomplish all pre-determined objectives for 2021. The third-quarter update revealed a company that developed strongly during the three-month period concluding on September 30. Net gaming revenue climbed 4% year-over-year, retaining a lot of the company’s momentum […]
Business
October 6, 2021
LeoVegas Approved to Start Bond Trading on Nasdaq Stockholm
Online gambling operator LeoVegas AB announced it successfully applied to list its bonds on the Nasdaq Stockholm corporate bond list and around October 7 the debt instruments will commence trading. LeoVegas Bond Trading LeoVegas revealed in a press release that the Swedish Financial Supervisory Authority signed the listing prospectus the gambling group prepared to apply […]
Business
September 30, 2021
Playtech Confirms Finalto $250M Sale to Gopher
Playtech has confirmed that it is divesting its financial trading division Finalto through a definitive agreement between Gopher Investments and the company. Gopher Investments should acquire the division for the sum total of $250 million in cash and the deal now enjoys the full approval of Playtech’s board, citing shareholder interest and the company’s general […]
Business
September 22, 2021
FanDuel and Minute Media Continue Their Robust Partnership
Media and tech brand Minute Media announced it has raised “tens of millions of dollars” in a funding round that was never announced publically. Sports betting operator FanDuel was among the biggest investors, according to an interview between Minute Media’s chief executive officer Asaf Peled and Axios. FanDuel and Minute Media Continue Their Work Together […]
Sports
September 20, 2021
Sleeper Raises $40M in Funding Round, Posts Strong User Base Growth
Fantasy sports group Sleeper has raised $40 million in fresh funding on the tail of a strong user base growth over the past several months. The round reunited a number of prominent investors who have come to back the platform once again. Sports Personalities Rally Behind Sleeper Yet Again Among those were popular names such […]