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Business
July 26, 2024
Boyd Gaming Posts Favorable Q2 Report, Underpinned by Online Gaming
Boyd Gaming Corporation has published its financial report for the three-month period ended June 30, 2024 (Q2). Revenues continued to increase, underpinned by the online sector, but quarterly EBITDAR and net income experienced a decline. Boyd Gaming Published a Favorable Report Boyd Gaming reported Q2 results of $967.5 million, up from $917 million in Q2 […]
Business
July 26, 2024
Bally’s Corporation Commits to Standard General Merger Agreement
Bally’s Corporation has entered into a definitive merger agreement with Standard General L.P.—its largest common stockholder, under which Standard General will acquire all outstanding shares of Bally’s for $18.25 per share. This new chapter for Bally’s should bring fresh opportunities for the operator and create lasting growth for the company. This Deal Should Significantly Expand […]
Business
July 25, 2024
LET to Axe Primorye Casino Resort Amid War-Related Sanctions
LET Group Holdings, a group that develops and operates integrated resorts across the Philippines, the Russian Federation and Vietnam, is set to hold a shareholder meeting to discuss the future of its Tigre de Cristal resort. The property, located in Russia’s Primorye gambling area, could be axed amid difficulties related to the West’s sanctions. For […]
Industry
July 25, 2024
Ontario iGaming Grows as Q1 Delivers Increases Across the Board
iGaming Ontario has published its latest performance report, outlining the local online gaming industry’s performance in the first quarter of the 2024-25 fiscal year (FY). The Q1 report covers the period from April 1 to June 30 and contains information about the collective performance of all legal iGaming operators. Official data shows that iGaming handle […]
Casino
July 25, 2024
New Details Emerge on Future Ho-Chunk Casino in Beloit
The Ho-Chunk Nation, one of the largest federally recognized tribes of Wisconsin, has released new details about their upcoming Ho-Chunk Gaming Casino in Beloit. This ambitious project will significantly expand the tribe’s gaming businesses from its six current locations. Drawing from its substantial experience, the tribe hopes to attract guests with a world-class casino and […]
Business
July 24, 2024
High Euro 2024 Activity Bolsters Kindred’s H1 Report
Kindred Group has published its unaudited H1 report, highlighting increases across the board, driven by the company’s favorable performance in the second quarter of the year. CEO Nils Andén praised the solid quarter, saying that it builds on the solid start to 2024. In Q2 2024, the company reported a total revenue of £327.6 million […]
Business
July 24, 2024
Kambi Posts Favorable Q2 Metrics, Driven by Busy Sports Season
Kambi Group has published its financial report for the second quarter of the year, reporting a slight increase to €45.7 million ($49.6 million). The 3% increase in turnover would have stood at 20% instead if not considering the impact of the Penn online migration. Operating profit for the period, on the other hand, reached €6.2 […]
Business
July 24, 2024
AI-Powered Start-Up PlayAIO Secures Milestone Investment
In a milestone event, data-driven AI start-up PlayAIO raised significant funding from Astralis Capital via its fund, Astralis Fund I. Equally important, it is the first time this company has entered a new gaming incubation strategy, underlining the substantial potential of PlayAIO. With more promising start-ups embracing AI technology, the gambling sector may soon enter […]
Business
July 23, 2024
EveryMatrix’s Q2 Report Highlights Record Quarterly Profit Margin
Leading iGaming tech supplier EveryMatrix has posted its Q2 results, reporting its highest-ever quarterly profit margin. The tier-1 provider announced that its revenue for the period stood at EUR 42.4 million ($46 million) across all products, marking and increase of 57% year-on-year. In addition, the company set an all-time-high profit margin of 59%. According to […]
Business
July 19, 2024
Evolution Reports Mixed Q2 Results Amidst Strategic Shift
Live casino giant Evolution has reported mixed results for Q2 2024, reflecting high growth in its live segment but slow performance in its RNG division. Despite rising investor uncertainty following the report, Evolution CEO Martin Carlesund remained optimistic, highlighting several positive developments that should lead to long-term gains and cement the company’s leadership position. Many […]
