Daily fantasy sports provider Scout Gaming Group has revealed that a 148.6% year-on-year increase in revenue during the first quarter helped to reduce its losses for the period.
Flutter Entertainment reported a 16% year-on-year increase in revenue for the first quarter of 2020, though growth slowed as a result of the novel coronavirus (Covid-19) pandemic suspending sports and closing of venues.
Fantasy sports solutions provider Scout Gaming Group has said it expects year-on-year growth in revenue for the first quarter, despite its business being impacted by the ongoing novel coronavirus (Covid-19) pandemic.
Fantasy sports solutions provider Scout Gaming said its long-term strategy is paying off as revenue and new client sign-ups grew in 2019, though losses for the year increased.
Flutter Entertainment has reported a 14.3% year-on-year increase in revenue for 2019, with growth in the US and Australia offsetting declines in its online sports betting and retail businesses.
The Pennsylvania Gaming Control Board (PGCB) has reported a 16.9% year-on-year rise in gambling revenue for January, aided by growing contributions from igaming and sports betting.
Scout Gaming Group has reported a 127.5% year-on-year increase in third quarter revenue, while the fantasy sports software supplier was able to significantly reduce its net loss for the period.
Venture capital fund Vereeni Investments has acquired a stake in India-facing fantasy sports operator Nostragamus for an undisclosed, seven-figure sum.
Scout Gaming Group has reported a year-on-year rise in operating loss for the first six months of 2019, despite seeing a rise in both revenue and net sales during the period.
Operators in Pennsylvania handled a record $59.3m on sports bets in July as the online sportsbook handle doubled to $39.0m and overtook retail figures for the first time.
Gambling revenue in Pennsylvania reached a record $3.3bn (£2.6bn/€2.9bn) in the 2018-19 fiscal year, as the US state was boosted by additional income from regulated sports wagering.
Fantasy sports provider Scout Gaming Group has reported increased losses in the first quarter of the year, despite revenue more than doubling to SEK3.5m.
Gambling.com Group has reported a 52% year-on-year increase in revenue for the first quarter of 2019, with the affiliate marketing giant to invest in the development of products for the US market in the year ahead.
The Pennsylvania Gaming Control Board (PGCB) has revealed that the state has generated tax revenue of $3.4m (£2.7m/€3.0m) from its first full year of regulated fantasy sports contests.
Pennsylvania’s licensed fantasy sports operators have reported a slight improvement in revenue for March, following three consecutive months of decline, with revenue up $5,000 from February.
Venture capital fund Vereeni Investments has acquired a majority stake in Australian daily fantasy sports operator Moneyball. Terms of the deal have not been disclosed, but Vereeni has said the purchase represents a seven-figure investment.
The Pennsylvania Gaming Control Board (PGCB) has reported a 23% decline in fantasy contests revenue for February, the vertical’s third consecutive month of decline. Total revenue for February fell to $1.6m (£1.2m/€1.4m), with DraftKings leading the market in the month.
Paddy Power Betfair has seen its 2018 revenue grow as a result of the acquisition of FanDuel and an improved performance by the Paddy Power brand in the UK market, though the US investment has also hit full-year profits.
