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Business
July 8, 2022
Everi Holdings Generates 70% of Revenue from Recurring Business
Everi Holdings Inc is doing well insofar as its business and finances go. This is the memo that brokerage firm B. Riley Securities Inc. issued on Wednesday, commenting on the company’s financial standing, future prospects, and current business operations. Everi, the memo read, is able to generate 70% of its revenue and its EBITDA from […]
Casino
July 8, 2022
Maryland Casinos Posted $162.7m, Surpassed $2B Mark in FY2022
The Maryland Lottery and Gaming Control Agency released Wednesday its June casino gaming report to reveal that the state’s six privately owned casinos did not have the best of a month in June but managed to complete fiscal 2022 with a bang. Surpassing Significant Milestone Maryland casinos generated revenues of $162.7 million in June to […]
Business
July 7, 2022
Entain on Track to Hit $1.3B in NGR in 2022 Despite Online Slowdown
Entain has issued its latest trading update covering the period from April 1 through June 30, 2022. The company has also summed up the results from the first half-year or H1, covering the period from January 1 through June 30, 2022. The report highlights a snipper of the current group’s net gaming revenue and how […]
Industry
July 2, 2022
Betfred’s 2021 Profit Decimated by Betting Shop Closures
Betfred Group Limited filed its annual report and consolidated financial statements for the period ended September 26, 2021, to reveal the significant impact of the coronavirus-related closures on its betting shops. Key Performance Indicators For the 12 months ended September 26, 2021, Betfred generated £6,999 billion ($8,398 billion) in amounts wagered to register an increase […]
Industry
July 1, 2022
Increased Foot Traffic in May Could Not Help TAB NZ Meet Budget
New Zealand betting services provider TAB NZ released today its tenth monthly trading update for the 2021/22 financial year covering the performance in May 2022. Financial Performance Indicators TAB NZ failed to meet its turnover budget targets in May despite the slight ease of the impact of the current coronavirus outbreak which resulted in increased […]
Industry
June 29, 2022
JMP Hand-picks Gaming Stocks to Invest In Cheaply
Investors looking to buy gaming and gambling stocks on the cheap may have the opportunity to finally do so as JMP is offering what it believes to be a number-backed analysis into some worthwhile stock purchases. Naming the Winners Hidden in Plain Sight While the bank refrains from giving overly-optimistic prognoses, it has good reasons […]
Esports
June 27, 2022
Allied Esports Achieved Record Revenue and EBITDA in Q1 2022
Esports company Allied Esports Entertainment released today its first quarter 2022 financial results, posting its best quarterly performance of all time in both revenue and adjusted EBITDA. Business Performance Metrics For the three months ended March 31, 2022, Allied Esports Entertainment posted revenues of $2.4 million, a massive 381% increase on $501,000 in Q1 2021, […]
Business
June 27, 2022
JP Morgan: Aristocrat’s FY Revenues to Go Up by 20%
The Australian arm of JP Morgan, a global leader in financial services, announced that Aristocrat Leisure, a global gaming content and technology company, is experiencing a strong post-pandemic recovery. The finance specialists said that the company’s business has recovered beyond pre-COVID levels and will likely keep on growing. JP Morgan Forecasts Growth for Aristocrat Experts […]
Industry
June 23, 2022
Credit Suisse: Macau Recovery Slower than Previously Estimated
Macau, the former global gambling Mecca, is facing a slow recovery if projections from Credit Suisse are to become true: the investment bank estimates gross gaming revenue in 2024 will only reach 80% of the 2019 level. Mass GGR Recovery Slower than Anticipated Credit Suisse released the forecast in a note Wednesday, stating that the […]
Industry
June 23, 2022
Jackpot Completes $35M Funding Round, Eyes US Expansion
The lottery business in the United States is valued at $100 billion annually and it is mostly cash-based. But one company is looking to change that and enable customers to purchase official lottery tickets online in multiple states. This company is called Jackpot, an online lottery ticket app and platform, that recently closed a $35 […]
