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Rush Street Interactive reports $28.3m net loss for Q2

The second quarter saw RSI’s revenue rise by 17% year-on-year, climbing from $122.8m to $143.7m. However, this double-digit growth was offset by a 20% increase in advertising and promotions expense. As a result, the company’s net loss actually widened when compared to Q2 of last year, rising from $14m. RSI’s adjusted EBITDA loss likewise increased, […]

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Bragg Gaming Group reports record €20.8m in Q2 revenue

On a year-over-year basis, Bragg’s top-line revenue has risen by 34%, driving double-digit increases across the board. For Q2, the company’s gross profit amounted to €11.6m, up 66%, while adjusted EBITDA climbed from €1.9m to €3.1m for a 63% rise. And Bragg’s bottom-line was in the black. The company generated €0.1m in second quarter net

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Leap Gaming and Betano bring virtual sports to Romania

The partnership between Leap and Kaizen will bring numerous products to Romania, such as Instant euro-League Legends, Nascar Streak, Football Penalty Duel, Virtual Football Cup V2 and Football Streak. Andreea Stiru, Head of Customer Success at Leap, commented on the launch into the Romanian market: “The launch of virtual sports in Romania is an important

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Early move: 10-year partnership agreed with Jake Paul’s Betr

As per the terms of the deal, HOFV will acquire limited equity interest in Betr, with revenue sharing and opportunities for cross-marketing and engagement with consumers of both companies. HOFV President and CEO Michael Crawford said: “This partnership amplifies two of our key business verticals in gaming and media, to further our strategic goal of

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Playmaker Capital reports $0.7m operating loss for Q2

This constitutes a $4m rise year-on-year, though this wasn’t enough to offset an operating loss of $0.7m. The company’s operating income dipped into the red on a year-on-year basis, falling from a positive $0.4m. Meanwhile, on a pro forma basis – including all acquisitions to date – Playmaker recorded a similar performance. Playmaker’s pro forma

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Blackhawk secures New York and Louisana gift card service approval

After receiving the green light from the New York Gaming Commission and the State of Louisiana, Blackhawk’s Game On gift card, which features multiple sportsbook brands and allows consumers to top up their accounts with select sports betting operators, will be available to gamblers in both states. Blackhawk MD of Americas Steve Dekker said: “As

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Lincoln City forward Chris Maguire suspended over alleged betting rules breach

The 33-year-old former Scotland international is said to have placed 52 bets on football matches between March 2017 and February of this year, a period in which Maguire played for clubs including Oxford United and Bury. This would represent a direct infringement of FA rule E8, which stipulates that participants can not “bet, either directly

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Sports and Social DraftKings venue opens in Michigan

Located at Somerset Collection, the new location is set to open this fall. Back in July 2021, DraftKings and Sports and Social had announced a strategic partnership focusing on creating “a unique food, beverage and entertainment experience.” The venue will offer a live sports viewing and wagering experience with a 32-foot LED media wall. Guests

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Sportradar and International Golf Federation form integrity partnership

The company’s Integrity Services division will provide its bet monitoring capabilities to the IGF in a bid to crack down on fraud, match fixing and other integrity threats. Initially, their agreement will run for two years, during which time, Sportradar will make its Universal Fraud Detection System (UFDS) available for several IGF competitions. These will

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Sportech Board to add Paul Humphreys

Paul Humphreys will join as an independent non-executive director (NED) next month, serving alongside Executive Chairman Richard McGuire, CFO Nicola Rowlands and fellow NED Clive Whiley. The 63-year-old businessman will bring several decades’ worth of experience into his new role, including three decades of main board-level experience. During his lengthy career, Humphreys has worked for

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