Finance
Underdog Fantasy to expand into betting with Goat Gaming acquisition
Fantasy sports platform Underdog – which is backed by a number of high-profile names in US sport – has acquired sportsbook technology platform Goat Gaming,…
Stock-based costs cause Genius losses to rocket in H1
Data supplier Genius Sports saw revenue grow 76.3% to $109.6m in the first half of 2021, but net losses shot up to $464.2m because of…
Oregon sports betting revenue falls in August
Oregon’s SBTech-powered betting app Scoreboard brought in a revenue of $1.0m in August, a month-on-month decrease of 51.0% and down 42.1% year-on-year. Handle came to…
Esports Entertainment invests in Game Fund Partners’ VC arm
Esports Entertainment Group (EEG) has entered into a partnership with Game Fund Partners to become part of its venture capital arm, and a planned $300m…
BCLC reports 61.8% fall in revenue for 2020-21 fiscal year
Canadian provincial lottery operator British Colombia Lottery Organization (BCLC) has reported a revenue of CAD$965.6m (£556.5m/€648.4m/USD$770.2m) in its 2020-2021 results ending March 31 2021. This…
Delaware sports betting slump continues in July and August
Results published by the Delaware Sports Lottery show that sports betting revenues in the state remained low over July and August, with both months’ figures…
DoubleDown Interactive closes $113.7m initial public offering
DoubleU Games subsidiary DoubleDown Interactive raised $113.7m via an initial public offering (IPO) on the Nasdaq exchange in the US, just short of its expectations.…
Rhode Island sports betting revenue rockets 828.6% in July
Sports betting revenue in Rhode Island jumped 828.6% year-on-year to $3.3m in July, while the amount wagered by consumers during the month hiked 229.9%. Revenue…
Bragg commences trading on Nasdaq
B2B gaming technology and content provider Bragg Gaming Group today (27 August) began trading its common shares on the Nasdaq Global Select Market. Shares are…
DoubleDown Interactive aims to raise $126.3m as US IPO launches
DoubleU Games subsidiary DoubleDown Interactive launched its initial public offering (IPO) on the Nasdaq exchange in the US with the aim of raising up to…
Nevada gambling revenue reaches record $1.36bn in July
Gambling revenue in Nevada reached a new all-time high of $1.36bn in July, partly due to a record performance by sportsbooks in the US state.…
Betsperts closes $6m Series A funding round
Sports betting and fantasy startup Betsperts Media & Technology Group has closed a $6m Series A founding round, welcoming a number of new investors. The…
Soo Kim sets out Bally’s vision for the future
Land-based operator Bally’s made a number of major deals at the turn of the year, and recent activity in the US market suggests those moves…
Golden Nugget revenue up 49.6% in H1 2021
Land-based casino operator Golden Nugget, LLC, has released its financial results for the first half of 2021, showing a revenue increase of 49.6% over H1…