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Business
April 24, 2024
PointsBet Posts Q3 Results, Expresses Doubt about Further Tax Hikes
Australian iGaming and sports betting operator PointsBet has published its financial results for Q3 FY24, reporting positive trends across the board. In addition to posting favorable results, the company revealed that it is not too concerned about potential tax hikes in Australia. PointsBet’s report outlines a total sports betting handle of AUD 673.4 million ($437.6 […]
Business
April 24, 2024
Kambi Posts Strong Q1 Results, Plans Further Growth
The provider of premium sports betting services to iGaming and betting operators across the globe, Kambi, released its latest financial update, uncovering details about its performance for the first quarter of this year. In its Q1 2024 unaudited report, the company posted €43.2 million ($46.2 million) in revenue, a result that showed a slight 2% […]
Business
April 24, 2024
Tribal Casino Payments to Michigan Mark Decrease in 2023
Currently, tribal operators represent an important part of the gambling market in Michigan. The state has established gaming compacts with 12 federally recognized Native American tribes, which operate a total of 23 land-based class III tribal casinos. The 23 casinos represent the majority of the sector in Michigan, considering that the only three commercial venues […]
Business
April 24, 2024
Las Vegas Sands Prepares for Major Debt Refinancing, Market Optimism High
Las Vegas Sands is gearing up for significant refinancing moves, with analysts anticipating a positive reception from the markets. CBRE Capital Advisors Inc., in a recent analysis, highlighted Las Vegas Sands’ plan to refinance a substantial portion of its outstanding debt, emphasizing its intentions to navigate upcoming financial obligations smoothly. Sands China and Las Vegas […]
Business
April 24, 2024
Goldman Sachs Recognizes MGM’s Leadership in Share Repurchases
MGM Resorts International is poised to emerge as one of the frontrunners in share repurchasing this year, according to financial analysts at Goldman Sachs. The renowned casino operator’s consistent dedication to buying back its own shares has earned it a coveted spot in Goldman’s buyback basket, a significant indicator of market confidence. MGM Shines in […]
Business
April 22, 2024
Saipan Casino Operator IPI Files for Chapter 11 Bankruptcy
The troubled Saipan casino operator, Imperial Pacific International (IPI) LLC, had its license suspended three years ago. In April 2021, the operator’s license was suspended after it failed to settle regulatory and license fees. Ahead of IPI’s hearing with the Commonwealth Casino Commission (CCC), which is set to decide whether or not the operator will […]
Business
April 22, 2024
Financial Analysts Discuss Las Vegas Sands Stock Post-earnings
The globally recognizable gaming and entertainment giant, Las Vegas Sands, released its first quarter of 2024 results last week. On Wednesday, the company uncovered details regarding its performance in Singapore and Macau. Robert G. Goldstein, Sands’ CEO and chairman, revealed that the company was pleased with its operating results and performance in both Singapore and […]
Industry
April 19, 2024
Delaware Sports Betting and iGaming Surge in March
March proved to be a momentous month for Delaware’s gambling industry, with consumer spending on sports betting skyrocketing by an astonishing 440.0% year-on-year, reaching $18.9 million. This remarkable surge significantly surpassed the $3.5 million spent in March of the previous year and marked a substantial 37.0% increase from February’s handle of $13.8 million. Sports Wagering […]
Business
April 19, 2024
888 Publishes Q1 Report, Targets Growth in Q2
Global gaming powerhouse 888 has published its trading update for the first quarter of the year (the three-month period ended March 31), reporting a slight increase in overall revenue. The company’s report highlighted group revenue of £431 million ($535.8 million), a figure that exceeds the £420-430 million guidance outlined in the company’s previous report. The […]
Industry
April 18, 2024
Pennsylvania Gambling Revenue Surges to Record High in March
March 2024 witnessed a historic milestone for Pennsylvania’s gambling industry as it reached an all-time monthly high in combined total revenue, according to the Pennsylvania Gaming Control Board (PGCB). The staggering revenue figure of $554,625,294 eclipsed the previous record set in December 2023, marking a significant leap forward for the state’s gaming sector. iGaming Remains […]
