Sydney-listed lottery and keno provider The Lottery Corporation has reported an 11 per cent increase in full year revenue to AUD$3.28bn in its maiden results as a standalone company.
Following its demerger from Tabcorp, comparable revenue, which includes Keno in both reporting periods and excludes significant items, increased by 9 per [...]
Sydney-listed gaming operator Tabcorp Holdings has posted a net profit of AUD$6.78bn for the financial year ended 30 June, including a gain of $6.51bn from the demerger of its lottery and keno arm.
Having successfully implemented the demerger of its former lottery and keno businesses on 1 June, revenue from Tabcorp’s [...]
iGaming supplier and operator Gaming Technologies has warned that it may not be able to continue as a going concern after cash reserves fell to zero at the end of the second quarter of the year.
Gaming Technologies (Gametech) operates the vale.mx iGaming brand in Mexico under a revenue share partnership [...]
Shares in online gaming operator Spiffbet fell more than 16 per cent in Stockholm Tuesday as the company announced the closure of nine iGaming brands.
Spiffbet closed down its Wishmaker, Live Lounge and Sir Jackpot brands during the first half of this year and will follow that with the closure of [...]
Online lottery broker Lottery.com is at risk of losing its Nasdaq listing after failing to file financial statements for the second quarter of 2022.
The company was notified on August 17 that it is no longer in compliance with Nasdaq listing rules which require timely quarterly filings with the Securities and [...]
Stockholm-listed gaming affiliate Better Collective grew second quarter revenue by 40 per cent to €56.0m following strong growth in the United States.
The year-on-year improvement includes a full quarter’s contribution from Action Network in the US, compared to just one month’s contribution in the prior year period.
On an organic basis, revenue [...]
Mississippi’s licensed sports betting market saw wagering fall to its lowest level in two years as total wagers declined to $18.3m in July 2022.
Sports betting at the state’s 26 licensed casinos declined by 40 per cent year-on-year, marking the worst monthly performance since July 2020.
Basketball wagers amounted to just $912,572 [...]
Stockholm-listed fantasy sports supplier Scout Gaming Group has posted a 69 per cent fall in total revenue to SEK4.3m for the second quarter of 2022 following declines in B2B and B2C.
Revenue from gaming operations fell by 47 per cent year-on-year, with B2C revenue down 66 per cent at SEK2.4m, while [...]
Michigan’s online sports betting and iGaming market recorded another strong month as total gross receipts increased by 32 per cent year-on-year to $148.2m in July.
The strong growth from the state’s 15 commercial and tribal casino operators was driven by a 37 per cent increase in iGaming gross receipts to $126.6m, [...]
Connecticut’s regulated sports betting and iGaming market grew sequentially as total wagers increased to $785.0m in July.
Total wagers were up 2 per cent compared to the previous month, with iGaming generating $706.7m and online sports betting $72.9m, alongside $5.4m from retail sports betting.
Connecticut Sports Betting and iGaming Wagers: July 2022 [...]
Stockholm-listed iGaming affiliate Catena Media has reported a 5 per cent fall in revenue to €28.9m for the second quarter of 2022, with results weighed down by challenging trading conditions in Europe and Japan.
The company said that the year-on-year revenue decline was a result of sports calendar seasonality and macroeconomic [...]
Pennsylvania’s licensed betting and gaming operators recorded a 1 per cent increase in revenue from all forms of gaming to $429.1m in July.
The year-on-year growth was driven by an 11 per cent increase in iGaming revenue and a 28 per cent rise in sports betting revenue, which offset declines across [...]