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Sports
September 5, 2022
Colorado Sports Handle Declined but GGR Increased
Statistics show that gambling is one of the preferred pastimes of more and more people in the United States. As the financial results of many markets in the US show, gambling revenues continue to grow as America braces for a second record year in a row. However, there are always some fluctuations as well. […]
Casino
September 5, 2022
PLC Reports 47% Revenue Increase in H1 2022
Premium Leisure Corp (PLC), an investment holding company that participates in gaming-related businesses, has posted its financial results for the first half of 2022. The results demonstrate a strong post-COVID recovery and show the company’s strengths. PLC Recorded Improved Revenues As reported by PLC, the company earned around $14.69 million (current conversion rates) for the […]
Business
August 31, 2022
Intralot Posts H1 2022 Report, Revenue Reaches $204.8 Million
Intralot has posted its H1 revenue report which states that the company’s revenue reached €204.8 million ($204.8 million), which is a 1.1% YoY increase. EBITDA also reached €55.1 million ($55.1 million), which is a 1.4% increase. Lottery Games Remain the Group’s Largest Revenue Generator According to the report, lottery games were responsible for 64.1% of […]
Industry
August 30, 2022
Gambling.com: Q2 2022 53% Growth Offset by Expense Increases
Gambling industry affiliate services provider Gambling.com Group released Monday its financial report for the second business quarter of 2022, posting 53% growth in revenue. Impressive Revenue Growth For the three months ended June 30, 2022, the provider of performance marketing and digital marketing services to gambling operators generated $15.9 million in revenue, significantly increasing its […]
Business
August 29, 2022
Allwyn No Longer Set Back by COVID, Q2 Results Show
Czech lottery giant Allwyn has published its financial results for the second quarter of 2022. The company demonstrated strong growth in its GGR and online sales. Allwyn’s GGR Increased Significantly According to Allwyn’s results, the company earned $900 million for the period. This represents a 23% year-on-year increase and reflects the company’s ongoing organic growth […]
Business
August 29, 2022
MGM Stock Remains a Buy Option for WSJ Analyst
Casino stocks have been associated with slumping performance over the past two years, but most assets have rallied magnificently, despite facing multiple challenges on the international market. Going global has been a strong diversification strategy and a risk for some companies, but the bid has mostly paid off. Macau to Not Put Dent on MGM […]
Business
August 29, 2022
MGM Resorts’ Shareholder IAC Increased Stake to 16.5%
MGM Resorts International announced in a filing to the Securities and Exchange Commission (SEC) that the digital media and internet services company InterActiveCorp (IAC) has increased its stake in the business. Buying when the Market Is Down According to the regulatory filing under Schedule 13D/A, the business led by mogul Barry Diller has been actively […]
Casino
August 26, 2022
Macau Unveils New Minimum Casino Revenue Threshold
Macau’s government has announced the new threshold for minimum revenue casino operators in the region must reach in 2023. The threshold is set to MOP$45.6 billion ($564 million) and it is similar to the 2022 levels. The chosen amount is considered fairly easy to reach and selected as a means of offering relief in the […]
Casino
August 26, 2022
Genting Malaysia Reports Improved Performance in Q22022
Genting Malaysia posted strong results during the second quarter of the year ended on June 30, 2022. The company reported $478 million (MYR2.18 billion) in revenue or a five-fold increase. The key driver of this revenue was the Malaysian Integrated Resort. Genting Malaysia Marks Strong Recovery in Q2022 Resorts World Genting managed to pull in […]
Business
August 26, 2022
Paradise Entertainment Sees Casino Management System Revenue Decline
Paradise Entertainment continued to struggle during the second quarter of the year with Q2 2022 results once again suppressed by the lingering impact of the COVID-19 pandemic, subsequent shutdowns of properties, and reduction of operational capacity. The turbulent quarter in Macau, led to the group’s loss increasing to $12 million (HK97 million), up three times […]
