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Business
May 5, 2023
Catena Media Designates Erik Edeen as Interim CFO
Catena Media, a company delivering traffic to iGaming brands and financial services, has announced a new appointment. The affiliate will be joined by the skilled Erik Edeen who will serve as its interim chief financial officer. Erik Edeen, who is set to step in as interim CFO, holds a Master of Business and Economics with […]
Business
May 4, 2023
PENN Entertainment Posts Decent Q1 Results despite Economic Challenges
PENN Entertainment has posted a report on its financial performance in the first quarter of the year, highlighting a modest revenue increase and a substantial net income rise. As reported by the company, its revenues for the period increased by 7% year-on-year to $1.67 billion in Q1, 2023. In addition to that, the company reported […]
Business
May 4, 2023
GiG Maintains 2022’s Momentum with Impressive Q1 Financials
Gaming Innovation Group (GiG) experienced substantial growth across all primary verticals, smashing last year’s results with a 49% increase in revenue from 2021. The stellar financial results place the company in the perfect position to pursue its long-term strategy and consolidate its presence in its most profitable markets. Revenues Are Up across the Board As […]
Business
May 3, 2023
Caesars Publishes Q1 Report, Seeks to Reduce Outstanding Debt
Caesars Entertainment has published its Q1 2023 report, highlighting its financial performance during the period. The company recorded rising net revenues, while net losses continued to decrease. In Q1 2023, Caesars saw its quarterly revenues rise to $2.8 billion, representing an increase of 23.7% from Q1 2022’s results. Meanwhile, the company’s net losses decreased as […]
Business
May 3, 2023
Kambi Group Secures Independence and Bolsters Capital Flexibility
Kambi’s impressive 2022 financials have given the group sufficient leeway to sort out its capital and achieve improved flexibility, aiding its objectives and providing additional shareholder value. The two recent measures should make the company significantly more attractive to investors and enable it to pursue its goals on its own terms. The Company Secured Its […]
Industry
May 1, 2023
EGR Announces 2023 EGR North America Award Winners
EGR has just announced the winners of its 2023 EGR North America Awards, an annual initiative that celebrates excellence in the NA iGaming sector. This year’s format saw EGR award Gold, Silver and Bronze awards to the top three companies across its headline categories. Headline Categories The sports betting specialist Sportradar was awarded Gold recognition […]
Industry
May 1, 2023
Pennsylvania Gaming Is Booming but It Is Not a Panacea for the Economy
Pennsylvania is the sixth-friendliest state for gambling, a recent report by WalletHub suggests. TheCenterSquare reporter Anthony Hennen analyzed those results, what they mean, as well as what the cost of Pennsylvania’s leading position is. Citing Michael Huyghue, Cornell University Visiting Professor of the Practice, Hennen noted that gambling is now engrained into the Pennsylvanian DNA, […]
Business
April 28, 2023
GLPI Q1 Results Highlight the Success of Its Diversification Strategy
Gaming and Leisure Properties (GLPI) has published its financial results for the first quarter of the year. The company recorded favorable results with metrics increasing across the board. As reported by GLPI, the total company revenue increased by 12.7% year-on-year to $355 million. Its income from operations, meanwhile, skyrocketed from $199.8 million in Q1 2022 […]
Business
April 28, 2023
ATG Posts Suboptimal Q1 Results amid Economic Headwinds
Aktiebolaget Trav och Galopp (ATG), Sweden’s former horse racing monopoly, posted its Q1 financial results, highlighting a bumpy period for the company. The suboptimal results were attributed to the macroeconomic headwinds. ATG’s net gaming revenue for the first three months of 2023 was SEK 1.19 billion (around $116 million). This figure represents a 5.9% year-on-year […]
Casino
April 27, 2023
Wynn’s Newest Al Marjan Casino Resort Receives Its First Concept Images
With a silhouette that would fit perfectly in the Las Vegas Strip, Wynn Resorts’ newest project for a luxury integrated casino resort continues to steam ahead. The $3.90 billion project will be a first for Wynn in the area, hopefully capitalizing on the growing demand for such services. The Project Is Proceeding as Planned Wynn […]
