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Industry
November 1, 2024
Macau October Gross Gaming Revenue Surges to New Heights
Macau’s gross gaming revenue (GGR) climbed to MOP 20.8 billion ($2.6 billion) in October, the best month the region has experienced since COVID-19 restrictions were relaxed at the beginning of last year. According to Macau’s Gaming Inspection and Coordination Bureau (DICJ), this figure surpasses the previous high of MOP 20.2 billion ($2.52 billion) set back […]
Business
November 1, 2024
RSI Posts Strong Q3 Report, Boosts FY Guidance
Leading gaming and betting operator Rush Street Interactive (RSI), published its financials for the quarter ended September 30, outlining a vast increase in revenue and income. Because of the strong performance, Rush Street Interactive updated its guidance to reflect its current forecasts. RSI Posts Strong Metrics Across the Board Rush Street Interactive reported $232.1 million […]
Business
October 31, 2024
UKGC Reports 11% GGY Boost Amid Record High Slot Revenue
The latest market overview published by the UK Gambling Commission has reported a gross gambling yield (GGY) of £1.32 billion ($1.71 billion) in the three months to 30 September. The increase was primarily triggered by a recorded 16% uptick in online slot activity among UK gamblers, which propelled slot revenue to a record high. Over […]
Business
October 31, 2024
MGM Posts Record Q3 Metrics, Reports Share-Buyback Progress
MGM Resorts International posted its Q3 report, outlining record-breaking revenue figures. The quarter also saw MGM make progress with its share buyback program. The Company’s Metrics Surged In the third quarter of the year, the international casino and hospitality powerhouse reported record-breaking results, underpinned by high hotel occupancy. Consolidated net revenues hit $4.2 billion, marking […]
Business
October 31, 2024
Lottomatica’s Q3 Results Show Strong Online Growth Amid Market Expansion
Lottomatica Group saw its numbers soar in the third quarter of 2024, with big gains in key areas even though there were some challenges in terms of profit. Lottomatica Reports 19% Revenue Surge to €1.42 Billion, Fueled by Strategic Acquisitions Italian gaming giant Lottomatica, after growing its market presence by buying other companies, showed off […]
Industry
October 30, 2024
Labour Government Decides Against Raising the Gambling Tax
Two weeks ago, reports suggested that the new Labour government might be considering a tax hike for the gambling sector. These rumors sent shockwaves across the industry, causing operators’ stock to slump. However, gaming companies can rest easy now as no tax hike is on the horizon. No Tax Hike for the Gambling Sector The […]
Business
October 30, 2024
Better Collective Cuts Team Due to Business Struggles
Jesper Søgaard, Better Collective’s co-founder and chief executive officer, announced his company’s plans to part ways with some of its team members. This difficult decision came amid the company’s recent cost base adjustment and financial targets downgrade. Emotional Days for the Company Søgaard described the past few days as “emotional,” adding that he regrets to […]
Business
October 30, 2024
Caesars Q3 Impacted by Competition and Market Headwinds
Caesars Entertainment has published its financial report for the third quarter of 2024 (Q3) and has highlighted a slight decline in the company’s performance. The operator’s assets in Las Vegas and other US regions recorded suboptimal year-to-date metrics amid market headwinds. The Company’s Regional Business Was Impacted by Headwinds Caesars’ net revenue for the period […]
Casino
October 29, 2024
Reno’s Grand Sierra Resort Asks City to Help Fund GSR Arena
The Reno City Council has granted preliminary approval toward possibly providing financial support for the Grand Sierra Resort’s (GSR) ambitious arena project. This decision will allow for a third-party review to gather more information and evaluate the project’s impact. Although the city has not allocated any funds yet, and the final decision is pending, the […]
Lottery
October 28, 2024
UK National Lottery Saves Historic Pier from Crumbling
The UK National Lottery has brought a historic Victorian pier “back from the brink of loss.” The Birnbeck Pier in Weston-super-Make opened in 1867 and has helped people go to Birnbeck Island for a century and a half. The Project Will Preserve Important Patrimony Birnbeck Pier, also known as the Old Pier, is currently one […]
