Online betting and gaming technology provider GAN has said that stronger-than-expected demand for its sports betting services in the US helped to drive gross operator revenue up 202.7% year-on-year during the third quarter.
Inspired Entertainment saw revenue fall $10.2m (£8.4m/€9.1m) in the second quarter of its financial year, with the decline blamed on the UK government’s decision to reduce maximum B2 machine stakes to £2. The supplier posted a net loss of $10.7m for the period.
Online gambling operator Esports Entertainment Group has applied to list its common shares on the NASDAQ Capital Market. Subject to relevant approvals, the operator will trade $11.5m worth of shares.
Social casino studio KamaGames has reported a 33% increase in revenue for 2018, with the Pokerist operator crediting its focus on personalised promotional campaigns and efforts to improve player retention as key drivers of growth.
Inspired Entertainment has reported a year-on-year decline in revenue for the fourth quarter, with losses also widening to €4.7m in the transitional period.
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Inspired Entertainment has reported a year-on-year increase in revenue for the second quarter, while the company also cut net loss by 94.5% in the period
OPAP has cited strong performances by its betting products and video lottery terminals (VLTs) as key reasons behind financial growth in the third quarter
OPAP has praised the performance of both its lottery, and instant and passive, divisions after recording a year-on-year increase in revenue during the six months to June 30.
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Luke Alvarez, chief executive and president of Inspired Gaming Group, has paid tribute to the firm’s performance during the three months to June 30, saying it was able to continue to exhibit “positive momentum” in the period.
