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Betway parent Super Group ‘confident’ in U.S. sports betting growth following Q2 results

August 20, 2023 - Super Group, the parent company of legal sports betting operator Betway, is still “confident” in its North American strategy despite losses on the continent once again offsetting gains elsewhere. According... Read more »

Genius Sports updates FY23 expectations as Q1 results edge closer to profitability

May 10, 2023 - Genius Sports expects to achieve positive cash-flow by the second half of this year after further shrinking its net losses during Q1 2023, continuing upward trajectory from 2022. Group wide... Read more »

Upset-rich March Madness causes mixed results at sportsbooks

March 31, 2023 - LAS VEGAS (AP) — A bettor in December placed $500 on Florida Atlantic at 400-1 odds to make the Final Four, costing Westgate Las Vegas $200,000. That was a clear... Read more »

A triple play of profit: When bars and restaurants add sports betting to the menu, positive results occur

July 11, 2022 - A round of shots on … the guy who just hit a five-leg same-game parlay! That scenario was one of the main takeaways from a study last summer from CGA... Read more »

Esports Entertainment revises 2022 revenue projection amid “challenging” Q2 results

February 23, 2022 - Esports Entertainment Group has revised its previous revenue projection for 2022, suggesting it should land within the region of $70m to $75m. The new projection takes into account a challenging... Read more »

Mixed results with in-game betting trends in first season of Genius Sports-NFL deal

January 28, 2022 - As Super Bowl LVI draws near, Genius Sports is pleased with the first season of its landmark partnership with the NFL, as evidenced by metrics that show that about 97%... Read more »

Manny Pacquiao’s upset loss results in big win for sportsbooks

August 24, 2021 - Manny Pacquiao’s upset loss to Yordenis Ugas was a huge win for Las Vegas sportsbooks. The vast majority of action on Saturday night’s fight at T-Mobile Arena was on Pacquiao,... Read more »

IGT moves to capitalize on sports betting as foreign exchange loss dampens quarterly results

May 22, 2018 - Casino technology giant International Game Technology PLC posted a wider first-quarter loss than a year ago, weighed down by $97 million of net foreign exchange loss. But IGT’s revenue rose and... Read more »

Penn touts ESPN partnership as it strengthens sports betting offerings

March 14, 2024 - Penn Entertainment CEO Jay Snowden Thursday, fresh from a sports betting launch in North Carolina, touted the company’s partnership with ESPN. He said it will improve when parlay offerings are... Read more »

Igaming Focus: Bid for Bally’s, North Carolina sports betting, Entain’s big sale

March 14, 2024 - Hello and welcome to this week’s Igaming Focus newsletter. We have a stacked newsletter this week: Standard General bids again for Bally’s Corp As North Carolina launches sports betting, parlays... Read more »