Gambling Clear News
Online casino dominates Ontario’s regulated igaming market, accounting for over 80% of wagers and more than 70% of revenue in the first quarter of the Canadian province’s financial year. Over the three months ended 30 June Ontario igaming customers wagered CA$14.0bn. This shows a vast jump from the $4.1bn staked in Q2 2022, when the
Denmark’s Danske Spil reported a year-on-year increase in revenue and net profit for the first quarter, driven by growth within its lottery operator business. Total revenue for the group in the three months to 31 March amounted to DKK1.22bn (£139.9m/€163.3m/$177.1m). This was up 8.4% from DKK1.12bn in the same period last year. Breaking this down
Social casino developer DoubleDown Interactive has announced the first sequential revenue increase in eight quarters in its Q1 financial report. DoubleDown framed the “solid” Q1 results as consequence of the company’s strong business model, highlighting that it often achieved adjusted EBITDA margins of more than 30% in addition to “significant” cash flow. Chief executive Keuk
Bragg Gaming Group has reported record revenue of €22.9m (£180.4m/$227.7m) for the first quarter of the year, an upward climb of 18.1% year-on-year. Yaniv Sherman, CEO of Bragg, said that the revenue was the result of expansion within certain markets, including North America and Europe. “We extended our momentum in the first quarter with the
Esports betting operator and media business Rivalry announced it will be receiving CA$10m ($7.3m/ €6.6m/ £5.9m) in new strategic financing through the issuance of new stock. Rivalry will raise the financing by issuing up to 6,666,666 subordinate voting shares at a price of $1.50 per share. The business said that online bookmaker Pinnacle, alongside a
Bragg Gaming has reported record revenue, gross profit and adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) in both its its full year 2022 results ended 31 December and its fourth quarter. Bragg’s revenue for the fourth quarter was €23.7m (£20.8m/$25.5m) a rise of 50.3% year-on-year, while revenue for the full year was €84.7m
White label platform provider Golden Matrix saw the issuance of $961,000 (£790,831/€903,635) in stock-based compensation push the business into a net loss of $444,000 for the three-month period ending 31 January, compared to the $349,000 in earnings the business achieved during the same period the previous year. The business reported $10.8m in revenue for the
International Game Technology (IGT) said it reached all key financial goals during its 2022 financial year, despite experiencing a decline within its core Global Lottery segment. The tech giant was able to reduce certain costs across the business in line with its strategy, while group revenue was higher year-on-year, with growth noted within both its
Henrik Tjärnström, CEO of Kindred, has said that “no item is sacred” in terms of cutting costs on an earnings call addressing Kindred’s Q4 trading update released earlier today (13 January). Although Kindred’s Q4 revenue is projected to rise 24.5% year-on-year to £305.0m (€343.1m/$372.2m), Kindred said this was not up to expectations and vowed to
888 expects to report a 3% year-on-year decline in revenue for its 2022 financial year, partly due to increased UK safer gambling measures, while the online gambling operator also announced that Yariv Dafna is to step down as its chief financial officer. In a post-close trading update, 888 said full-year pro-forma revenue, including the non-US
