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Business
January 27, 2025
Land-Based Casino Revenue Trends Differ by State and Market, Analyst
With brick-and-mortar casinos available across the United States, the growth of the land-based sector remains a complex, difficult and fluctuating process that varies from one market to the other. That’s the opinion of an expert analyst who recently argued that a one-size-fits-all growth trajectory for casinos across the country doesn’t apply. A Range of Factors […]
Business
January 24, 2025
Redburn Atlantic: Regulatory Probe Endangers Evolution’s Valuation
Leading innovator in product development and advanced IT solutions for online casinos, Evolution, is facing challenges amid a fresh report by Rothschild & Co’s public equities arm, Redburn Atlantic. Among other things, the report considers the regulatory scrutiny the company is subject to as a potential risk to its valuation. Evolution Taking “Forceful Action Using […]
Business
January 23, 2025
Super Group’s Shares Soar After Optimistic Preliminary 2024 Report
Online gaming and sports betting company Super Group has published its outstanding preliminary, unaudited financials for Q4 and FY 2024. In its report, the company outlined record-breaking revenue and EBITDA figures. Q4 Was a Strong Period for the Business Super Group, which operates the famous gaming brands Betway and Spin, was thrilled to announce that […]
Business
January 23, 2025
MGM May Consider Bid for Entain or Remaining Stake in BetMGM
Several years ago, the leading hospitality and gaming company, MGM Resorts International, filed a bid to acquire Entain Plc. The proposed takeover of the partner with which the company holds 50% ownership in BetMGM, a leading betting and gaming brand in the US, was ultimately rejected. However, MGM Resorts reportedly may consider a similar move […]
Business
January 22, 2025
Star Entertainment’s Debt-Raising Capacity “Limited” as Q2 Report Shows Lower Profits
The Star Entertainment Group, an Australian casino & hospitality company, has published its financial report for the second quarter of the fiscal year. As the operator’s struggles continue, it reported “limited” opportunities to raise funding in the absence of liquidity solutions. Profits Went Down, EBITDA Loss Narrowed In the three months ended December 31, Star […]
Business
January 22, 2025
Analyst Flags Weakening Credit Trends for Mohegan Gaming
At the start of the new year, the leading gaming, hospitality and entertainment company, Mohegan Gaming and Entertainment, announced that the Mohegan Tribal Gaming Authority entered into a fourth amendment to credit agreement and BIA loan agreement. The announcement came at a time when the company recorded performance under the expectations of its Inspire Korea […]
Industry
January 21, 2025
UK Auditing Regulator to Investigate KPMG’s Audit of Entain
The Financial Reporting Council (FRC) of the United Kingdom, an independent regulator responsible for auditors, accountants and actuaries, has launched an investigation into KPMG’s audit of Entain’s financials. The probe comes amid KPMG’s shaky reputation in the wake of recent scandals. FRC to Investigate the 2022 Audit As confirmed by the FRC, the body has commenced […]
Business
January 21, 2025
Golden Entertainment, Wynn Resorts Tipped for Success, Says Analyst
An expert analyst recently highlighted a number of stock picks for the year, mentioning several companies within the gambling sector. Fox Can Enter the Gambling Vertical Through Share Purchase in FanDuel That’s the opinion of Mario Gabelli, Gabelli Funds’ CEO and chairman, who participated in Barron’s “Roundtable,” along with five other experts. Those professionals shared […]
Business
January 20, 2025
EveryMatrix’s Growth Continues as Company Posts Record 2024 Results
EveryMatrix, an industry-leading provider of iGaming tech and content has published its financials for 2024, highlighting an unprecedented success for its business. The company’s leadership applauded the results and said that it hoped the momentum would continue. A Strong Year for the Provider In the fourth quarter of 2024, EveryMarix set a new quarterly record […]
Business
January 17, 2025
Sportsbook-Friendly Results Behind Evoke’s Boosted Annual Guidance
Evoke, the parent company of William Hill and 888, saw its shares surge over 10% in early trading after announcing a strong Q4 revenue forecast. The gaming and betting operator based in Gibraltar anticipates year-on-year (YoY) revenue growth of 12% to 13%, which would translate to approximately £479 million ($583 million) compared to £424 million […]
