Stocks News

Jumbo Interactive grows profit as full year revenue surpasses $100m

Sydney-listed lottery provider Jumbo Interactive has posted a 25 per cent increase in revenue to AUD$104.3m for the financial year ended 30 June.

Total transaction value (TTV) rose 36 per cent to $659.9m, buoyed by a strong domestic jackpot environment with 43 Powerball/OzLotto jackpots of more than $15m, compared to 38 [...]

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Bet-at-home.com reports another fall in revenue

Shares in Bet-at-home.com hit a new 52-week low Thursday following a further fall in reported revenue.

Gross betting and gaming revenue from continuing operations fell 18.6 per cent year-on-year to €26.7m in the first six months of 2022, which the company again attributed to the impact of new regulations in Germany.

This [...]

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Failure to file puts Lottery.com shares at risk

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 [...]

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Inability to pay staff sees Lottery.com shares lose over 60%

Shares in New York-listed Lottery.com lost more than 60 per cent of their value on Friday after the company announced that it is unable to meet its payroll obligations.

The company owes approximately $425,000 in outstanding payroll and said that it would begin to furlough certain employees with immediate effect.

“The Company’s [...]

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Northstar Bets

NorthStar Gaming eyes TSX listing with reverse takeover bid

Canadian online betting and gaming operator NorthStar Gaming is working towards a public listing on the Toronto Stock Exchange.

The newly formed operator of the NorthStar Bets brand in Ontario has signed a non-binding letter of intent with Canadian Securities Exchange-listed mineral exploration company Baden Resources to effect a proposed reverse [...]

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LeoVegas assisting authorities in insider trading probe

Stockholm-listed gaming operator LeoVegas is assisting Sweden’s Economic Crime Authority in its investigation of suspected insider trading.

The company was contacted by the Economic Crime Authority on June 7 regarding a preliminary investigation into suspected insider trading in the company’s shares, with LeoVegas stating that it is fully assisting the authorities [...]

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Tabcorp set to complete demerger of lottery and keno arm

The Supreme Court of New South Wales has approved Tabcorp’s proposed demerger of its lottery and keno division, paving the way for it to commence trading as a separately listed company in Sydney next week.

The demerger of The Lottery Corporation was overwhelmingly approved by Tabcorp shareholders at a General Meeting [...]

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Tekkorp Capital

Caliente Interactive listing nears completion as Tekkorp seeks Illinois license

Tekkorp’s acquisition of Caliente Interactive, Playtech’s strategic partnership with Mexico’s Caliente, is nearing completion with only elements of the financing awaiting finalisation.

Tekkorp and Caliente are working closely together, with Tekkorp receiving approval from the Illinois Gaming Board to apply for a license under the Caliente Interactive LLC vehicle. Super Group’s [...]

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GAN secures investment from Beach Point Capital

New York-listed gaming technology supplier and operator GAN has secured a US$30m term loan from California-based investment firm Beach Point Capital Management.

The $30m private credit investment will enable GAN to fund the growth of its existing B2B business and implement its previously announced $5m share buyback programme.

This follows the recent [...]

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Sportech announces £7m capital distribution

London-listed technology supplier and gaming operator Sportech will return £7.0m to shareholders through a capital distribution.

The distribution follows the sale of Sportech’s terrestrial lottery business in the Dominican Republic for £9.25m in January, with retained capital earmarked for financing organic growth opportunities.

“Management's successful sale of the terrestrial lottery business facilitated [...]

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Betsson brings in Roland Glasfors to lead investor relations

Stockholm-listed gaming operator Betsson has appointed Roland Glasfors as vice president of communications, sustainability and investor relations. 

Glasfors joins Betsson from Swedish payment service provider Trustly, where he served as head of investor relations, having previously held a similar role at NetEnt.

He will begin his new role as part of Betsson's [...]

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Bragg Gaming shares soar on strong 2021 revenue growth

Toronto-listed iGaming technology and content provider Bragg Gaming Group has reported better than expected results for 2021, with revenue expected to be 25 per cent higher than a year ago at €58.0m (US$66.1m).

Benefiting from continued momentum from its iGaming content and platform expansion, Bragg said Tuesday that it expects to [...]

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