Finance news sponsored by SBTech
London-listed Gaming Realms has reported a 26.8 per cent fall in revenue for the first six months of 2018, with growth in licensing revenue failing to offset declines in real-money gaming and social publishing.
London-listed operator Stride Gaming has said that net gaming revenue for its financial year ended August 31st will be at least 3.6 per cent ahead of last year at around £85m, although higher taxes and a £4m penalty provision for UK regulatory failings will impact the bottom line.
Pennsylvania’s regulated fantasy sports market generated total fees of $10.20m in August, an increase of 8 per cent compared to the previous month.
Sweden’s gambling market grew to SEK11.2bn (€1.1bn) in the first half of 2018, with strong growth from the online business offsetting a decline from land-based gaming and lottery operations.
Delaware’s regulated iGaming market generated net revenue of $222,504 in August with growth reported by all three licensed operators.
Mississippi casinos took nearly $6.3m in sports bets in August, the first full month since new regulations were implemented to allow venues to establish legal sports books.
Toronto-listed The Stars Group has revealed strong results for its recently acquired Sky Betting & Gaming (SBG) business, with total revenue climbing 30 per cent to £670.5m for the financial year ended June 30th.
London-listed digital marketing specialist XLMedia has reported a 13 per cent decline in revenue to US$59.1m for the first half of 2018, with the company attributing the decline to regulatory developments in online gambling.
London-listed payments provider SafeCharge International Group has reported a 26 per cent increase in revenue to US$66.8m for the first half of 2018.
London-listed iGaming software provider GAN expects to report record revenue in 2019 due to the recent launch of online sports betting in the US and its current sales pipeline, although the company warned that results this year would be impacted by operational delays in New Jersey and Pennsylvania.
London-listed betting and gaming operator GVC Holdings has reported an 8 per cent increase in net gaming revenue (NGR) to £1.72bn for the first half of 2018, following continued strong momentum in its Online and European Retail businesses.
