Social gaming
Zynga announces acquisitions as it returns to profit in first half
Zynga posted a net profit of $4.8m for the first half of its 2021 financial year after a 63.7% year-on-year increase in revenue during the…
Playtika seeks M&A after lower H1 costs help business return to profit
The chief financial officer of social gaming business Playtika said the business is excited about future merger and acquisition opportunities, as slightly higher revenue and…
State of the Union: DraftKings, Sands, New Jersey and more
This week’s State of the Union, in partnership with Segev LLP, includes DraftKings’ expansion into the world of NFTs, Las Vegas Sands’ earnigns report for…
DoubleDown targets $91.4m proceeds as long-awaited IPO moves ahead
DoubleU subsidiary DoubleDown Interactive has filed for its initial public offering (IPO) on the Nasdaq exchange, from which it expects to receive proceeds of $91.4m.…
State of the Union: Las Vegas Sands, New York, FanDuel and more
This week’s state of the Union, in partnership with Segev LLP, includes Las Vegas Sands’ moves into the world of igaming, New York’s request for…
Scientific Games to reincorporate remainder of SciPlay in $1.9bn deal
Scientific Games Corporation has submitted a proposal to acquire the outstanding shares of its social gaming division SciPlay Corporation in a deal with an implied…
Playtech partners with Kindbridge for US gambling treatment research
Playtech has partnered with virtual mental health clinic Kindbridge in a union that will aimed at creating a new framework for gambling treatment across the…
State of the Union: Canada, Wire Act, Sports Illustrated and more
This week’s State of the Union, in partnership with Segev LLP, is highlighted by passage of a bill to allow single-event sports wagering in Canada.…
DoubleU Games to seek new underwriter for DoubleDown IPO
Korean social gaming operator DoubleU Games has terminated its contract with the underwriter responsible for listing its DoubleDown Interactive subsidiary on the Nasdaq exchange, and…
Game Taco acquires Game Show Network’s WorldWinner
Game Taco has agreed to acquire WorldWinner, the skill gaming arm of US television channel and games developer Game Show Network. The deal follows private…
Ohio problem gambling charity raises “underregulated” electronic bingo concerns
The Problem Gambling Network of Ohio warned of the number of electronic bingo machines – which it said were effectively “underregulated slot machines” – that could…
Playstudios Q1 revenue and profit grows despite decline in overall customers
Social gaming developer Playstudios posted revenue figures of $74.1m (£52.7m/€61.1m) for the first quarter of 2021 – a 27.1% increase on this time last year…
Playtika raises full-year guidance after revenue growth in Q1
Social gaming giant Playtika has raised its full-year revenue and earnings guidance after experiencing an increase in revenue during the first quarter of its 2021…
Zynga posts increase in gaming revenue as losses decline
Social gaming company Zynga saw a sharp increase in gaming revenue and overall revenue, but still made a $23m net loss in the first quarter…