Sportradar Group has just unveiled their Q3 revenue and the company has posted a new milestone in becoming profitable for the first time in its U.S. operations. The report shows Sportradar made great strides, boosting revenue to $31 million which is a 61% increase when compared to the prior years Q3. Sportradar has said that they attribute much of their growth to, “strong market growth and positive adoption of in-play betting.” The adjusted EBITDA also jumped up 11% for Q3. A quote from Sportradar’s Chief Financial Officer states, “The financial results in the third quarter demonstrated that Sportradar consistently has managed to grow almost three times faster than the underlying betting market and our growing scale has led to margin expansion – as indicated by […]

The Venetian gaming operator Apollo Global Management has today announced that they will be selling their 22% stake in the Las Vegas gaming equipment provider AGS. This is a massive drop as Apollo was the largest shareholder of AGS and it should be noted that AGS is one of the fastest growing gaming equipment providers. The SEC reported that Apollo has more than 8.2 million shares of AGS, approximately $52 million when compared to Monday’s close at $6.35. This is relatively small when compared to Apollo’s other deals as they previously owned Caesar’s Entertainment but sold in 2019 and they were also responsible or $2.25 billion paid for operations of the Venetian, Palazzo, and the Venetian Expo. AGS did not state a reason for Apollo’s […]

Galaxy Gaming has come forward and released their Q3 revenue report today and the numbers are up. When compared to 2021, Galaxy posted a 12% increase in revenue to $5.9 million. The companies adjusted EBITDA did fall 5% from 2021 from $2.4 million to $2.3 million but for the year EBITDA has grown. When looking at revenue over the year prior to September, it has increased by 22% to $17.5 million showing a good growth for Galaxy Gaming. A quote from Galaxy Gaming’s CEO states, “As compared to Q2 2022, sequential revenue growth was 6% on a constant currency basis. But the most newsworthy event happened after the end of the quarter at G2E – the gaming show held annually in Las Vegas. We introduced […]