North America

Light & Wonder Inc, the new corporate identity of a transformed Scientific Games Corporation (SGC), has outlined to investors its objective of achieving a $1.4 billion EBITDA target by 2025. The 2025 earnings target declared to investors will require Light & Wonder to match a compound annual growth rate (CAGR) of 15%. The Nasdaq technology group, which during Q1 trading …

Catena Media has detailed a ‘solid quarter’ across during Q1 2022, as the group’s revenues increased by 11% year-on-year, driven by continued expansion in North America.  Updating investors, the gambling affiliate and media publishing group announced revenue of €45.2 million (2020: €40.7m), whilst EBITDA rose by 2% to €25.6 million (€20m), albeit with a decreased margin of 57% (61%). Revenue …

Genius Sports has reaffirmed confidence in achieving its full-year 2022 financial objectives, irrespective of ongoing market headwinds and adjustments.   Publishing its Q1 2022 trading update (period ending 31 March), Genius registered corporate revenues of $86 million, up 60% on Q1 2021 comparative results of $54 million and outperforming its ‘expected guidance’ by 10%. Headline growth was attributed to increased demand …

SBC Summit North America 2023 has been confirmed for May 9-11, when the region’s leading sports betting and igaming event will return in significantly expanded form at Meadowlands Exposition Center in Secaucus, New Jersey.  The conference and tradeshow has enjoyed strong growth since its launch in 2019 and has established itself as the place for the U.S. and Canadian online …

EveryMatrix has declared that it will accelerate the development of its house games studios and US market expansion following a strong start to year trading.   Providing a Q1 trading update, EveryMatrix declared period gross profits of €14 million, up 14% on like-for-like 2021 comparative results of €12.3 million. The increase in Gross Profit was attributed to substantial growth across all …

WPT Global has announced the latest poker players and celebrity additions to its ‘Poker Heroes NFT Club‘ collection.  Developed by web 3.0 innovation studio GAMAVRS, the Poker Heroes NFT Club forms part of WPT Global’s launch as the new online poker platform of the World Poker Tour (WPT), operating in over 85 countries. NFT rewards and experiences have been placed …

Esports betting operator EBET has reported a quarter-on-quarter revenue increase of 166%, shortly after rebranding from its former identity as Esports Technologies.  As of 31 March 2022, EBET’s Q1 revenue stood at $19 million, with a gross profit of around $7 million and a cash position of $7.1 million – figures the firm attributed to acquisitions in the European sports …

Paysafe and Playtech’s partnership has expanded from the US to the UK and Europe, offering payment solutions to operators in the continent.  The transatlantic business move will see Playtech offer Paysafe’s technology platform and payment products to the European betting and gaming markets.  Specifically, Playtech’s igaming Player Management System and Information Management System platforms will be made available, allowing access …

IGT Plc has reported financial results for the first quarter ended March 31, 2022, showing overall revenue slightly ahead despite a drop in operating income during the trading period. According to the headline figures, consolidated revenue came in at $1.1bn, up 4% as reported and 7% at constant currency, from $1bn in the prior year. Global Gaming revenue increased 42% …