Europe's Online Gambling Growth Boosts Entire Industry

According to a year-end data report, the European gambling revenue is expected to grow by 19% this year. Bragg Gaming Group expects to exceed its financial results for 2021. It expects 2021 full year revenue of US$66.1 million and adjusted EBITDA of about US $8.0 million. Brag expects the acquisition of Spin Games by the end of the first quarter of 2022. The company raised its full-year 2022 revenue and EBTDA guidance to US $78-82 million, and US-10-12 million respectively.

Penn National Gaming's subsidiary theScore Bet has obtained an accreditation with the Alcohol and Gaming Commission of Ontario. The company will launch its Internet gaming services on April 4.

Scientific Games Corporation has large-scale retail and digital sports betting and lottery operations in Azerbaijan. Enthusiast Gaming Holdings Inc announced for the three months ended December 31, 2021, that its revenue is expected to be $56.9 million. The full-year 2021 revenue for Enhusiasts is estimated to come in at $167.4 million, up 130%. En Husiks completed League of Legends U.GG community acquisition and development of the UGG desktop application.

Bally's Corporation (NYSE:BALY) has been awarded one of nine licenses to conduct online sports betting and iGaming. Bragg Gaming Group is poised for strong growth in the years to come as online gambling is gaining market share worldwide. FN Media Group, LLC (FNM) is the owner of this release. FNM has no obligation to update such statements. It is not responsible for the future performance of any company mentioned in this document. The information in it is based on the information provided by FN Media group, which is owned by FN Media.