Search results for iGaming
Crypto
BETZ ETF draws attention for signalling bitcoin highs and lows
The sports betting exchange-traded fund BETZ, which has shown high correlation with bitcoin, is drawing attention as a new secondary market indicator. The ETF has tracked a similar cycle to bitcoin since 2020 and in some phases formed highs and lows earlier than bitcoin. Data show 90-day and 365-day correlations of 0.73 and 0.91, though the relationship does not necessarily imply causation.
Games & Commerce
W Games Q1 operating profit up 25.1 percent to 68.5 billion won
W Games posted its best-ever quarterly results, helped by a turnaround to profit in new businesses and lower fee costs. The company reported first-quarter revenue of 205.0 billion won, up 26.6 percent from a year earlier. Operating profit rose 25.1 percent to 68.5 billion won and net profit increased 60.6 percent to 73.5 billion won. It plans medium- to long-term growth across social casino, iGaming and casual games.
Games & Commerce
Wemade Play Q1 operating profit jumps 93 percent on efficient operations
Wemade Play said its first-quarter revenue slipped 0.1 percent from a year earlier to 32.4 billion won, while operating profit surged 93 percent to 3.4 billion won. Net profit came to 6.1 billion won. The company attributed the rise in profit to steady service for its key games and a 5.4 percent drop in operating costs. Overseas revenue reached 20.8 billion won, reflecting results from its subsidiary Playlinks.
