Results News

Aristocrat profits from first half revenue growth

Sydney-listed gaming supplier Aristocrat Leisure has reported a 23 per cent increase in revenue to AUD$2.7bn for the six-month period ended 31 March, as it prepares to expand its real-money iGaming operations.

The company said the year-on-year growth was achieved despite mixed operating conditions and challenges, including the outbreak of hostilities [...]

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Sportradar first quarter revenue climbs to €167.9m as US revenue doubles

New York-listed sports data and technology provider Sportradar Group has reported a 31 per cent increase in revenue to €167.9m for the first quarter of 2022, as revenue from the US more than doubled.

Revenue from the US increased by 124 per cent to €25.7m during the quarter, with the company [...]

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Detroit, Michigan

Michigan iGaming operators set record high for third consecutive month

Michigan’s commercial and tribal casino operators saw combined total gross receipts from online sports betting and iGaming increase by 41 per cent to $163.2m in April.

Total gross receipts in April were buoyed by another record performance from the iGaming sector as gross receipts grew 39.5 per cent year-on-year to $132.4m, [...]

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Swedish online casino and sports betting market grows 7% in Q1

Sweden’s licensed gambling operators saw total net sales increase by 6 per cent year-on-year to SEK6.54bn (€621.5m) in the first quarter of 2022, driven by online casino and sports betting.

The country’s 91 licensed operators recorded modest growth versus a year ago, buoyed by a 7 per cent increase in online [...]

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Delaware iGaming growth offsets another sports betting decline

Delaware’s three licensed operators enjoyed another strong month of iGaming growth in April, helping to offset a year-on-year decline in sports betting.

iGaming wagers increased by 73 per cent year-on-year to $37.2m in April, just below the previous month’s record $37.4m, with wagers from sports betting 24 per cent lower than [...]

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Better Collective

Better Collective benefits from US growth in Q1

iGaming affiliate Better Collective has reported a 74 per cent increase in first quarter revenue to €67.4m following strong growth in the United States, with organic revenue growth of 44 per cent versus Q1 2021.

The US business increased revenue five-fold over the first quarter of 2021 and now accounts for [...]

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Sports betting and iGaming drive Pennsylvania growth in April

Pennsylvania’s licensed betting and gaming operators recorded another strong month as total revenue from all forms of gambling rose 14 per cent to $461.6m.

April’s total was just below the previous month’s record $462.7m, with year-on-year growth from iGaming, sports betting and land-based casino gaming offsetting declines in fantasy contest and [...]

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FanDuel maintains lead as Indiana sportsbook handle hits $360m

Indiana’s licensed sports betting operators recorded a 52 per cent increase in handle to $360.0m in April, with FanDuel maintaining its market leadership position for online sports betting.

April wagers were buoyed by a 60 per cent year-on-year increase in online sports wagers to $333.9m, offsetting a 4 per cent drop [...]

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Iowa sportsbook handle climbs 50% in April

Iowa’s licensed retail and online sports betting operators collected total wagers of $177.4m in April, an increase of 50 per cent compared to the same month last year.

Continuing the market’s strong start to the year, the state’s 19 operational sportsbooks recorded a 54 per cent increase in online wagers to [...]

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Light & Wonder sets outs ambitious growth plans

Shares in gaming supplier Light & Wonder gained 9.37 per cent Tuesday after the company revealed its financial targets through to 2025.

L&W is aiming to grow consolidated Adjusted EBITDA to $1.4bn in 2025, representing a compounded annual growth rate of 15 per cent, with a targeted net debt leverage ratio [...]

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Latin America drives record first quarter for GAN

New York-listed gaming supplier and operator GAN has reported a 38 per cent increase in revenue to a record $37.5m for the first quarter of 2022.

The year-on-year revenue growth was driven by a 71 per cent increase in B2C revenue from Coolbet, while B2B revenue climbed 2 per cent to [...]

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New Jersey gambling market grows 20% despite sports betting decline

New Jersey’s regulated gambling market grew by 20 per cent to $422.5m in April, buoyed by strong growth in iGaming and land-based casino gaming revenue.

The state’s nine licensed properties saw total casino win increase by 24 per cent year-on-year to $235.3m in April, with iGaming revenue climbing 27 per cent [...]

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