iGaming Analysis & Insights

Light & Wonder reported a net loss of $15m for Q4 2025, driven primarily by legal settlement charges tied to a January 2026 resolution with Aristocrat Gaming.  This was due to claims that Light & Wonder’s Dragon Train and Jewel of the Dragon titles were developed using confidential trade secrets and copyrighted materials. Aristocrat alleged […]

Super Group reported record monthly active customers, wagers and deposits during the Q4 2025. The company completed its US market exit during the year and cited “unfavorable sports outcomes” late in Q4 as a headwind. Net revenue for the quarter rose 8% to $578.3m, while adjusted EBITDA increased 10.4% to $139m. Conversely,  profit before taxes […]

Key Points Revenue grew from $400 million in 2024 to $1.2 billion in 2025. Gurhan Kiziloz spent $200 million from internal profits alone. Nexus International runs with 100% ownership and zero external financing. Spartans.com brought Nexus International to $1.2 billion in annual revenue during 2025. The platform created the main income that lifted the company […]

Gaming and Leisure Properties has announced record net revenue for both Q4 and full-year 2025. The figures for Q4 increased 4.5% to $407m, while net revenue rose 4.1% to nearly $1.6bn for the full year. Chairman and CEO Peter Carlino said the results were achieved “despite the difficult transaction and financing period in 2025,” and […]

Key Points Raketech’s Q4 revenue fell sharply to €5.7 million from €12.3 million, while full-year revenue dropped by more than half compared with 2024 results. The company closed its Paid Publisher Network and focused on the External Organic Publisher Network, but new income arrived more slowly and did not replace losses. Profit declined heavily, the […]

Caesars Entertainment has recorded Q4 2025 net revenue of just over $2.9bn, representing a 4.4% year-on-year increase. However, the company posted a net loss of $250m for the quarter, compared with net income of $11m in Q4 2024. Adjusted EBITDA reached $901m, reflecting 2.2% growth. Las Vegas operations generated $1bn in revenue during the quarter, […]

The gaming operator achieved revenue growth of 28% during the fourth quarter of 2025. The company set a quarterly record with $44.1m in adjusted EBITDA. Key Points Fourth quarter 2025 net income rose 193.8% hitting $19.1m. Annual net income for RSI grew from $7.2m the year before. Fiscal 2025 brought $153.7m in total adjusted EBITDA […]

The New Jersey Division of Gaming Enforcement reported that bettors wagered approximately $126.5m on Super Bowl LX, a 25% decline from the previous year. Despite the drop, retail and mobile sportsbooks combined to generate $38.7m in revenue, reflecting a 53.6% increase year-on-year.  Operators in the Garden State paid out $87.8m in winnings to bettors, resulting […]

DoubleDown Interactive reported fourth quarter 2025 revenue of $95.8m, reflecting a 16.8% year-on-year increase. Profit dropped by 35.5% to $24.1m, attributed mainly to a non-cash impairment loss of SuprNation goodwill.  Operator’s adjusted EBITDA improved from previous year to Q4 2025, rising 15.7% to $40.6m. User engagement metrics showed moderate growth, with monthly active users increasing […]

Fourth quarter 2025 net revenue for the operator demonstrates 43% year-over-year expansion. Full-year FY2025 net revenue rose 27% and totalled nearly $6.1bn across all operations. Essential Highlights Both Q4 and FY2025 adjusted EBITDA for DraftKings experienced substantial increases during these periods. Numbers soared 283.7% and 242% respectively, reaching $343.2m and $620m in total value. Q4 […]