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Business
May 7, 2024
GiG Posts Q1 Financials, Says Its Ready for Its Business Split
Gaming Innovation Group, a leading iGaming technology company, providing solutions, products and services to iGaming operators, has published its Q1 results, reporting all-time-high revenues and confirming its readiness to split its business. For context, the GiG Media division reported revenues of EUR 28 million ($30.2 million), representing a new record. This figure marks a 52% […]
Business
May 7, 2024
888 Continues Deleveraging, Refinances £450M of Debt
International gambling giant 888 announced the successful pricing of £400 million senior secured notes. The move, which will mark 888 Acquisitions Limited’s debut issuance into the GBP debt capital market, is expected to be completed on May 9. According to 888, the offering of the notes will be exempt from the usual registrations requirements outlined […]
Business
May 7, 2024
Ainsworth Adds Legal & Compliance Heavyweight to Its Team
Ainsworth Game Technology (AGT), a leading manufacturer and supplier of gaming machines, software and gaming equipment, has strengthened its leadership team with the appointment of Nancy Ramirez Ayala. The new hire will join AGT’s team as SVP, general counsel and group compliance officer. Ayala brings robust expertise in the iGaming sector to the team. Well-versed […]
Casino
May 7, 2024
April Was a Suboptimal Month for Maryland’s Casinos
The revenue generated by Maryland’s casino operators has experienced a significant decline, according to the latest report. As it turns out, the state’s six casinos generated approximately $163.2 million in revenue from table games and slots – a figure that represents a decrease of $11.6 million year-on-year. The gaming industry’s contributions to the state reflected […]
Business
May 2, 2024
Caesars’ Revenues Decline in Q1 Despite Increase in iGaming Win
Gambling juggernaut Caesars Entertainment has published its quarterly report for the three months ended March 31, highlighting a slight decline in revenue amid an increase in net loss. Despite the setbacks, the company remains in a strong financial position. Caesars posted net revenue of $2.7 billion for the three-month period. This figure represents a slight […]
Industry
May 2, 2024
MGM Management Shares Insights on Long-Term Strategy
During a recent earnings call, MGM management discussed long-term strategy, focusing on various aspects, including the development of BetMGM, expansion into new markets, and growth projections. The company hopes to leverage its record-breaking Q1 results to bolster expansion, consolidate its position in core markets, and achieve lasting success. MGM Is Optimistic regarding Its International Operations […]
Business
May 2, 2024
Rush Street’s Q1 Report Highlights Improved Revenue and Reduction in Losses
Rush Street Interactive (RSI), a leading American online casino and sports betting company, has published its quarterly report for the period ended March 31. The company reported a significant increase in revenue and significantly narrowed its losses. For context, Rush Street reported Q1 revenue of $217 million, up 34% year-on-year from the $162.4 million reported […]
Business
May 2, 2024
Bally’s Q1 Financials: Losses Offset Favorable Revenue
Bally’s Corporation has published its Q1 results, reporting what CEO Robeson Reeves called a “solid start” to the year. Unfortunately, the favorable performance across several segments was offset by a loss of $173.9 million, triggering a decline in the company’s share price. For Q1, Bally’s reported company-wide revenue of $618.5 million, representing an increase of […]
Business
May 2, 2024
MGM Resorts Posts Record-Breaking Q1 Results, Eyes New Opportunities
MGM Resorts has published a record-breaking quarterly report, highlighting a significant increase in revenue. The company attributed the positive results to its diverse assets. For context, MGM’s net revenues for the period reached a whopping $4.4 billion, representing an increase of 13% year-on-year. According to CEO Bill Hornbuckle, this stellar figure was underpinned by the […]
Business
May 2, 2024
Bally’s to Open Chicago Casino on Time, Doesn’t Plan to Rush Tropicana’s Redevelopment
Bally’s Corporation, which just posted its Q1 results, commented on its plans for the future. According to the company, its permanent Chicago casino should welcome its first guests by Q3 2026, despite the struggles. In the meantime, Bally’s will not rush the redevelopment of the Tropicana site. The gambling company addressed these issues during its […]
