iGaming Analysis & Insights

Codere Online reported record net gaming revenue of €224.1m for 2025 and an adjusted EBITDA of €13.8m. The result reflects stronger performance in Mexico, which brings optimism ahead of the World Cup 2026.  Fourth quarter net gaming revenue reached €60.7m, representing a 15% increase year-over-year and the highest quarterly figure in the company’s history. Growth […]

Key Points In Q4 2025, Flutter’s net revenue skyrocketed by 25% to $4.7 billion, thanks largely to the US sports betting market doing gangbusters along with FanDuel’s performance. Internationally, revenue sees a 19% hike in Q4 with southern Europe, Africa and Brazil really making some headway. Even though Flutter’s net revenue saw a 17% growth […]

Key Points Czech gambling turnover reached a record CZK 1.07tn after 8.8% year on year growth. Online gambling accounted for nearly 60% of total GGR, confirming a strong digital shift. Gambling tax revenue rose to CZK 22.8bn, supported by stable market expansion. Turnover in the Czech gambling market smashed through the one trillion crown barrier, […]

Genting Singapore has recorded FY2025 revenue of $2.45bn and adjusted EBITDA of $815.8m, reflecting a year shaped by redevelopment works at Resorts World Sentosa. The group said revenue declined 3% year on year due to a lower gaming win rate across its casino operations. Non gaming income strengthened in the second half as refreshed attractions […]

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, […]