Casino & Gaming News

Bragg Gaming, a prominent games provider, has reported impressive financial results, highlighting a 50% YoY increase in adjusted EBITDA, which now stands at €4.7m. This significant growth has been attributed to the company’s strategic shift towards higher-margin products. This includes the development and promotion of in-house proprietary content as well […]

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 […]

Entain’s chairman, Barry Gibson, has been making concerted efforts to distance the current management of Entain from the previous management team at GVC. The narrative presented is one of a company making strides to move past its historical challenges. Entain is set to provision a substantial £585m to cover the […]

Flutter Entertainment Plc, the parent company of FanDuel, reported a profit for its US business in the first half of the year. This comes as the company prepares for a public listing of its shares in New York. For the first half, the US adjusted earnings before interest, tax, depreciation, […]

ESPN’s Shift in Strategy: Historically, ESPN, a Disney-owned entity, had actively distanced itself from the gambling sector. However, in a significant shift, the sports media giant has now forged a partnership with PENN Entertainment to launch ESPN Bet. Rebranding Move: ESPN Bet is not an entirely new entity. Instead, it’s […]

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 […]

Vince Sadusky, the CEO of International Game Technology (IGT), on the company’s strategic review and recent financial performance. Here are the key points: Strategic Review: Vince Sadusky expressed his belief that the company’s share price does not accurately reflect the full value of IGT’s assets. He discussed potential restructuring options, […]

Digital Operation Profit: Caesar’s digital operation, which includes the new standalone iCasino app Caesars Palace and the transition of the Nevada sportsbook to the Liberty platform, has posted its first profit since the rebranding of the Caesars Sportsbook. The digital revenue rose by 42% to $216m. Las Vegas Segment: However, […]