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Sports News

Genius Sports reduces losses as Q3 revenue grows 14%

New York-listed sports data and technology provider Genius Sports has recorded another strong quarter of growth as Q3 revenue climbed 14 per cent to $78.7m.

The year-on-year growth was driven by its core Betting Technology, Content & Services division, as revenue grew 13 per cent to $49.2m, driven by new customer [...]

1 min read
NeoGames

NeoGames revenue soars in third quarter

New York-listed lottery and gaming supplier NeoGames has seen third quarter revenue and its share of NeoPollard Interactive (NPI) revenue soar by 262 per cent to $73.3m, buoyed by the first full quarter contribution from recently acquired Aspire Global.

Consolidated revenue rose to $62.2m in the third quarter, compared to just [...]

1 min read

Wynn Resorts narrows Q3 loss despite fall in revenue

Wynn Resorts has reported a 10.5 per cent fall in revenue for the third quarter of the year, with lower casino revenue offsetting growth in hotel, dining, retail and entertainment.

Revenue in the third quarter of the year fell to $889.72m from $994.64m a year ago, as casino revenue fell by [...]

1 min read

Currency movements weigh on Inspired as Q3 revenue falls 3%

New York-listed gaming supplier Inspired Entertainment has reported a 3 per cent drop in total revenue to $74.9m for the third quarter of 2022, with results negatively impacted by foreign currency exchange movements.

Virtual Sports was the only segment to record year-on-year growth during Q3 as revenue rose 39 per cent [...]

1 min read

Full House Resorts slips to loss as Q3 revenue falls 12%

US casino operator Full House Resorts has posted a 12 per cent drop in revenue to $41.4m for the third quarter of 2022, following a 9 per cent decline in casino gaming and lower revenue from contracted sports betting.

Revenue from the company’s Silver Slipper Casino in Mississippi fell by 7 [...]

1 min read
Gaming Innovation Group

Gaming Innovation Group posts record revenue in Q3

Oslo-listed gaming supplier Gaming Innovation Group (GiG) hit a new record high in the third quarter of 2022, as revenue increased by 35 per cent to €22.9m.

Despite general lower seasonal activity through July and August, GiG said that the year-on-year growth was driven by a record performance from its GiG [...]

1 min read
Los Angeles, California

California voters reject tribal and commercial sports betting propositions

Regulated sports betting in California remains a distant dream as almost 75 per cent of precincts report election results.

With 74.9 per cent of California precincts partially reporting the results of the November 8 ballot this morning, regulated sports betting appears to have suffered a resounding defeat.

Both the Tribal-backed Proposition 26 [...]

1 min read
Puerto Rico

Kambi set to enter Puerto Rico with Liberman Media Group

Kambi has agreed a deal to provide retail and online sports betting technology and services to power a new sportsbook in Puerto Rico.

Kambi has been selected as the sports betting partner of Puerto Rican media company Liberman Media Group (LMG), owner of the Teleonce television network, to power the launch [...]

2 mins read
Flutter Entertainment

Flutter Entertainment benefits from US and International growth in Q3

Flutter Entertainment has reported a 31 per cent increase in revenue to £1.89bn in the third quarter, with declining revenue in Australia and UK & Ireland Retail offset by strong growth in other markets.

The third quarter revenue growth was driven by a 17 per cent increase in Sports revenue to [...]

1 min read

AstroPay launches Mastercard prepaid card in Brazil

Online payment provider AstroPay has launched a new prepaid card in Brazil through a partnership with Mastercard.

The launch will provide both new and existing AstroPay customers with the ability to make payments anywhere that accepts Mastercard, with customers able to activate and use the prepaid card instantly without any [...]

2 mins read
IGT

IGT see third quarter revenue climb 8% despite lottery decline

New York-listed International Game Technology (IGT) has posted net income of $264m for the third quarter of 2022, after seeing consolidated revenue climb 8 per cent to $1.06bn.

The year-on-year revenue growth was driven by a 31 per cent increase in Global Gaming revenue to $379m, which the supplier attributed to [...]

1 min read
Gambling Commission

Gambling Commission lifts Lebom licence suspension

Britain’s Gambling Commission has reinstated the operating licence of sports betting provider Lebom.

Lebom’s licence was suspended by the Gambling Commission last week after it was found that the operator had failed to connect to the Gamstop self-exclusion system, in breach of its licensing obligations.

The Commission said Tuesday that it is [...]

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