Total revenue for the three months through to the end of September amounted to $35.6m, up from $25.9m in the corresponding period last year.
GNOG drew most of its revenue from gaming, with revenue in this segment of the business rising 38.9% year-on-year to $31.8m, while other revenue also increased 26.7% to $3.8m.
The quarter also saw a number of major highlights, not least an agreement for DraftKings to acquire 100% of the GNOG business in an all-stock deal with $1.56bn. Brokered in August, the GNOG’s chairman, chief executive and largest shareholder, Tilman Fertitta, join the DraftKings board.
Read the full story on iGB North America.
Original article: https://igamingbusiness.com/gnog-sees-q3-net-loss-widen-despite-revenue-growth/
