iGaming Reports & Research

Industry reports, research papers, and data-driven insights covering the global iGaming and online gambling market.

Access in-depth studies, forecasts, and analytical reports on market performance and trends.

Light & Wonder Records $15m Q4 Net Loss After Aristocrat Settlement

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 […]

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Super Group Reports 7.9% Drop in Q4 Profit as FY Revenue Reaches $2.2bn After US Exit

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 […]

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Spartans.com Pushes Nexus International to $1.2 Billion Revenue in 2025

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 […]

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Caesars Entertainment Accrues 4.4% Q4 Revenue Growth and $502m Full-year Net Loss

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, […]

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RSI Reports Record Quarterly Revenue of $324.9m in Q4 with Annual Net Income Reaching $74m

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 […]

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Super Bowl LX Generates $126.5m in Wagers From New Jersey Bettors, With PGCB Reporting A $59.3m Handle

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 […]

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DoubleDown Interactive Accrues $95.8m Revenue In Q4 As FY Net Income Falls 17.4%

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 […]

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