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Tag Archives: Financials

Cyprus – Soft2Bet reports MEGA growth across 2023

Soft2Bet has reported strong growth driven by its Motivational Engineering Gamification Application (MEGA), sports betting, and geographic expansion. The B2B casino and sportsbook platform provider has released several key metrics demonstrating significant company growth in 2023 with an audited growth of 46 per cent in gross revenue across its B2B and B2C operational areas. This…

Australia – Lightning Box experiences 57 per cent annual growth following acquisition by Light & Wonder

Light & Wonder has revealed that slots supplier Lightning Box has enjoyed a major surge in global growth. Since the acquisition in August 2021, the studio has experienced year-on-year growth of 57 per cent with August 2022 marking Lightning Box’s biggest ever month in terms of revenues. Peter Causley, CEO and co-founder of Lightning Box,…

Australia – Ainsworth Game Technology records improved performance with revenues up 38 per cent

Ainsworth Game Technology has recorded revenue increases of $220.2m, up 38 per cent on the $159.5m posted the preceding year. Underlying EBITDA was $48.6m, up from $15.5m. Profit before tax, excluding currency effects and one-off items, was $27.3m, a positive change versus the previous underlying loss before tax of $17.1m. “I am pleased to report…

Sweden – Evolution’s Q2 operating revenue up 34 per cent

Evolution’s second quarter revenues have increased by 34 per cent year-on-year to €344m and EBITDA has increased to €238m, corresponding to an EBITDA margin of 69 per cent. In the second quarter, live casino increased by 36.7 per cent on 2021 and RNG revenues grew by 6.1 per cent. During Q2, Evolution announced the acquisition…

UK – Rank lowers profit expectations following ‘softer performance’ across Grosvenor Casinos

Rank Group has lowered its profit expectations for the year ending 30 June following ‘softer performance’ in its UK venues with visit numbers down across Grosvenor casinos. Rank reported ‘some improvement’ in Grosvenor’s performance post April, but it has been considerably weaker than expected, principally due to a slower than expected return of higher spending…

Malta – EveryMatrix reports strong Q1 with growth across all business segments

EveryMatrix’s has issued a Q1 update showing growth across casino, sports and platform, together with a strong cash position and ‘sustained business momentum’. Ebbe Groes, Group CEO of EveryMatrix, commented: “We have started the year with a strong financial performance across all three business segments, driven by our well-balanced and innovative product offering and broad…

US – EBET posts bumper revenue figures

EBET’s latest revenue figures of approximately $19m is up more than 166 per cent quarter over quarter, at a gross profit of approximately $7m. Ending the quarter with a cash position of $7.1m, the increase has been attributed to the onboarding of 1.25 million deposited customers following the acquisition of brands Karamba, Hopa, Griffon Casino,…

US – Pennsylvania records all-time gaming revenue high

Pennsylvania’s combined total revenue generated from all forms of gaming during March was the highest revenue achieved in a single month, totalling $463m. The previous record month, November 2021, was $432m. The growth was primarily driven by all-time highs in two gaming sectors – retail table games exceeding $90m and internet casino-type gaming posting over…

US – Playmaker records revenue rise across the board

Playmaker has reported sizeable revenue rises in the company’s financial results for the final quarter of 2021. Q4 2021 pro forma revenue was $7.5m, a rise of 49 per cent over Q4 2020. 2021 annual pro forma revenue was $23.8m, an organic increase of 91 per cent over the preceding period. Adjusted EBITDA for the…