Industry
April 29, 2022
PointsBet’s Q3 FY22 Report Revealed Solid Growth
Australian-based sports betting and gaming operator PointsBet released today its third quarter report for the fiscal year (FY) 2022 posting a 54% increase in turnover. Markets picked up the news and PointsBet shares rose by double digits in morning trading. Quarterly Financial Results PointsBet’s turnover reached nearly AU$1.4 billion ($1 billion) in the reported quarter […]
Business
April 29, 2022
Scientific Games Finalized Its Rebranding to Light and Wonder
Scientific Games, a US-based provider of gambling products and services, has completed its rebranding to Light and Wonder. As of now, the company and its NASDAQ stock will go under the new name. Light and Wonder to Focus on the Digital Vertical Light and Wonder has also gotten a new logo and will trade on […]
Business
April 29, 2022
Flutter Entertainment Appoints Carolan Lennon as Non-executive Director
Flutter Entertainment has decided to strengthen its board of directors by adding Carolan Lennon as a non-executive director. This announcement comes after Michael Cawley announced in February that he will be stepping down, together with fellow director Zillah Byng-Thorne. Lennon’s Appointment Will Be Effective on July 1 Although the main news of the annual general […]
Industry
April 29, 2022
TransUnion Alerts about a 50% Increase in the Gambling Fraud
TransUnion, a US-based consumer credit reporting agency, published a fraud analysis report, according to which the global digital fraud rate dropped by 22.6% in the first quarter of 2022 in comparison to the prior-year quarter. However, despite the fact that fraud decreased in most sectors, the gambling industry registered a 50.1% growth in fraud rate […]
Industry
April 28, 2022
Better Collective Hires Capital Market Expert Mikkel Munch-Jacorbsgaard
Sports media group dedicated to developing educational platforms for the online casino gaming industry Better Collective continued to build on its team of executives with the appointment of Mikkel Munch-Jacobsgaard as Director of Investor Relations. Experience in International Capital Markets The appointment of Mikkel Munch-Jacobsgaard as Better Collective’s new Director of Investor Relations effective from […]
Industry
April 28, 2022
Evolution Registered 50% Profit Growth in First Quarter 2022
Gambling technology supplier Evolution AB released its first quarter interim report today posting strong growth across all key metrics supported by its Live Casino segment. Strong Financial Metrics For the first three months ended March 31, 2022, Evolution accounted for operating revenues of €326.8 million ($342.3 million), an increase of 38.6% to €235.8 million ($247.6 […]
Casino
April 28, 2022
Fitch Happy with Aristocrat Financials as M&As Continue
Rating agency Fitch is confident that Aristocrat Leisure Limited will continue to invest heavily in the mergers and acquisitions (M&A) segment with the company tipped to spend as much as AU$100 million ($71 million) annually in order to maintain its momentum and add valuable assets that will consolidate its standing in the land-based and digital […]
Industry
April 27, 2022
Kambi’s Revenues Declined by 15% in Q1 But Nylén Remains Unfazed
Kambi Group, a business-to-business provider of sports betting services, has seen a steep decline in its revenues during the first quarter of 2022. Kambi Group Revenues Were Hit by DraftKings’ Migration According to the company’s official figures, the revenues for Q1 of 2022 were 15% lower than those in Q1 of 2021. The first three […]
Business
April 26, 2022
High-Risk Gamblers Make Up only 3.3% of Kindred’s Profits
Kindred Group, a company operating nine gambling brands, has reported that a smaller portion of its revenues come from problem bettors than in 2021. Kindred Earns Less from Problem Gamblers According to numbers shared by the company, only 3.3% of its overall revenues during the first quarter of 2022 have come from harmful gambling. Taking […]
Industry
April 25, 2022
LeoVegas’ Blue Guru Games Studio Marks First Slot Launch
Blue Guru Games, a game studio part of LeoVegas Group, announced the launch of its first slot title, The Nemean Lion, in preparation for further launches in the second half of the year. The First of Many The Nemean Lion, the first in Blue Guru Games’ future portfolio of slot games, is now available through […]
