Macau is getting close to the conclusion of negotiations for new gaming concessions with six concessionaires up for grabs with 10-year plans of MOP100 billion, $12.5 billion USD. As it stands now Galaxy and Sands China are the two concessionaires that would each put forward more than the MOP20 billion with the other four accounting for the rest. The new tender will also require operators to put a large amount of their investments in non-gaming areas and would look to them as main sponsors for Macau’s yearly international events from government and local groups. The situation is a bit tricky though as there are seven operators applying for only six spots so one of them will be cut from the lineup. It seems Galaxy and […]

The iGaming company, Raketech, has just unveiled their revenue numbers for Q3 and the company is posting some solid growth. The report from Raketech shows revenue at €12.9 million which translates to $12.8 million, a 35% increase from its prior Q3. Raketech also made good strides with adjusted EBITDA jumping up 17% year over year to €4.8 million as well as operating profits which posted a 22% increase from €2.3 million to €2.9 million. The CEO of Raketech commented on the report stating, “As expected, activity picked up during the third quarter, driven by seasonality and a continuous positive momentum within our core affiliation segment as well as additional growth from our new business segment, AffiliationCloud.”

Flutter Entertainment has just unveiled their Q3 revenue report showing a 31% increase from Q3 2021. The company reported revenue of £1.89 billion which translates to $2.18 billion. Flutter attributes most of its success to a quickly expanding U.S. market that grew 82% to £598 million as well as their acquisition of Sisal. Of the revenue reported, £1.14 billion was from sports revenue and gaming revenue followed with £748 million. A quote from the Flutter’s Chief Executive states, “We are really pleased with our performance in our US division since the start of the NFL in September where we are now averaging over 1m players on a regular NFL Sunday. In addition, we are seeing an increase in customer retention rates as our parlay products continue to […]