Business
February 2, 2023
Better Collective Buys 5% Stake in Catena Media
The news was reported in a very short press release from Better Collective stating that the company is satisfied with its investment and does not wish to comment on it any further. The Start of a Collaboration Between Fierce Rivals It is interesting to see how the two companies will collaborate. Up to now, they […]
Casino
February 1, 2023
Macau Casino Revenue in January up 82.5%, Recovery on the Cards
Shares of Macau casino operators posted gains of between 3% and 5% after official data released by the Special Administrative Region (SAR) of China’s government revealed that gambling revenue in January nearly doubled. Substantial Revenue Increase Macau casinos generated MOP11.58 billion ($1.44 billion) in gross revenue in the first month of 2023 to post an […]
Industry
February 1, 2023
Nevada’s Gambling Market Revenue up 10.5% in 2022
Nevada’s previous total market revenue recorded was during the 12 months that ended on December 31, 2021, when the state reached $13.40 billion. Land Slot Machines Contributed to the Record Now, the new $14.8 billion record was achieved with the help of revenue generated by the brick-and-mortar slots in the state. Those accounted for over […]
Business
February 1, 2023
Entain Reports Strong Fourth Quarter and 2022 Growth
On Wednesday, the company revealed it has seen an increase in its net gaming revenue (NGR) for the fourth quarter as well as the full year 2022. Judging by Entain’s latest report, NGR for Q4, which includes the period between October 1 and December 31, 2022, increased by 11% when compared to the corresponding period […]
Business
January 31, 2023
PointsBet Posts Impressive Q2 FY23 Results
The global sports betting operator saw metrics increase across the board, with overall handle skyrocketing by 56%. PointsBet Recorded Favorable Financial Results As reported by the Australian company, PointsBet’s sports betting turnover for the final quarter of the year sat at $1.46 billion (in USD), representing a 56% year-on-year increase. Total gross win from the […]
Business
January 30, 2023
Golden Matrix Posts Favorable FY 2022 Results
The company’s metrics improved across the board with revenues more than tripling. The executives believe that the provider is poised for future growth. Golden Matrix’s Revenues Went Through the Roof As outlined in Golden Matrix’s report, the company’s revenues for the year increased to $36 million, which represents a stellar 219% year-on-year increase from FY […]
Casino
January 30, 2023
The Times: Bet365 Is Second Biggest Taxpayer in the UK
The report was compiled by The Times and unveils that Coates, who held the top place for the biggest taxpayer in the UK for three years in a row, came in second within the 2023 list. The first place on the 2023 biggest taxpayers’ list was filled by Alex Gerko, a billionaire born in Moscow […]
Business
January 26, 2023
BetMGM Outperformed in 2022, Preliminary Results Show
The figures, published by Entain which co-owns the brand, are more or less in line with earlier estimates. BetMGM Results Exceed Expectations BetMGM’s revenue for the period was expected to sit at $1.3 billion. The actual number, however, sits more closely to $1.44 million, exceeding earlier expectations. The operator also posted same-state growth in net […]
Business
January 26, 2023
Rank Group Publishes Interim H1 Results, Warns of High Costs Pressure
In December 2022, UK’s leading gambling company released a trading update that presented a performance overview of the five months that ended on November 30. The update also spoke about the company’s recovery which had been slowed down in the context of the shrinking UK market. Now, the company has published its interim results for […]
Business
January 26, 2023
Las Vegas Sands Posts Strong Q4 2022 Results
In its latest report, the company revealed data regarding its financial performance for the four months ended December 31, 2022. Judging by the recent report, LVS reported revenue of $1.12 billion in Q4, 2022. This result, when compared to the corresponding period in 2021, marked a strong increase of nearly 11%. Additionally, the company revealed […]
