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Month: August 2023

11 Results / Page 1 of 2


Gan Facing Headwinds

August 11, 2023

The company’s B2B operations are facing increasing headwinds, as evidenced by a significant 30% YoY decline in revenues, which now stand at $9.9m. Despite this setback, CEO Dermot Smurfit remains optimistic, highlighting the “continued strength” in the company’s international B2C segment. This segment reported a 15% increase in revenue, bringing […]

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DraftKings second-quarter profit and raised its full-year sales forecast

August 3, 2023

DraftKings Inc., an online sports-betting platform, experienced a rally in its stock after reporting a surprise second-quarter profit and raising its full-year sales forecast. The company’s full-year sales outlook was revised to $3.46 billion to $3.54 billion, surpassing FactSet estimates. DraftKings attributed its success to acquiring new customers efficiently, retaining […]

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