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News covering financial aspects of the betting and gambling industry, concerning loans, shares, property sales and general gaming company finances.

DraftKings Q1; revenue up 53%, operations remain at a loss

The US industry giant's operating loss reduced by over $200m year-on-year. But yet another quarter has yielded no profitability. DraftKings has reported its financial earnings for the first quarter of 2024. In total, the sportsbook generated revenue of $1.18bn, up 53% year-on-year, with an operating loss of $138.8m – a reduction of over $200m, compared to the operating loss of $389.8m reported this time last year.   Significantly, ad...
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Global Gaming Awards Asia-Pacific: Going live

The Global Gaming Awards Asia-Pacific are set for their firs...

Preview: SiGMA Asia 2024

SiGMA’s annual Asia summit comes back to Manila – signif...

Company profile: Praxis Tech

Being payments ready in Asia - A call to action for iGaming...