The Rank Group has announced a year-on-year increase in net gaming revenue and profit after tax for the first half of its financial year, driven by growth in its digital, Grosvenor venues and international venues divisions.
Penn National Gaming (PNG) has entered into an exclusive sports wagering and online casino partnership with Barstool Sports, in a deal that will also see the operator acquire a 36% stake in the digital sports media company.
Swedish gambling operator Svenska Spel has revealed that it donated more than SEK4.3m (£343,084/€405,213/$446,417) to youth sports associations in the country through its ‘Prispallen’ initiative during 2019.
Interwetten boasted of the “most successful year in the company’s history” in its latest trading update, as gross gaming revenue (GGR) increased 25% to €99.5m in 2019, while turnover came to more than €2bn, up 30% year-on-year.
Canadian media business theScore posted a comprehensive loss of $4.1m during the first quarter of its financial year, primarily due to costs related to its ongoing expansion efforts across North America.
Sweden’s former horse racing monopoly operator Aktiebolaget Trav och Galopp (ATG) has reported a 6.6% year-on-year rise in net gaming revenue for 2019, despite a decline in income from horse racing betting in the country.
Spread betting and contracts for difference (CFD) provider IG Group Holdings has reported a year-on-year decline in revenue and profit in the first six months of its financial year, primarily due to the impact of new European Securities and Markets Authority (ESMA) regulations.
Affiliate marketing specialist XLMedia’s shares declined 29.4% as it announced recent changes to the Google rankings of its sites have led to a “significant decrease in traffic” that would hurt the company’s revenue.