Business
May 21, 2024
Macau Casinos Poised to Beat Las Vegas Rivals, Analyst Says
The performance of hotel-casino operators in Macau was significantly impacted due to the global pandemic a few years ago. While operators in the special administrative region (SAR) are yet to surpass 2019 figures, certainly, the removal of pandemic-related restrictions and the uptick in traveling has been beneficial for the sector. This growth of Macau casino […]
Industry
May 21, 2024
Bet365 Experiences a Rollercoaster Weekend
Bet365, one of the world’s leading online gambling companies, has declared that its customers “had the last laugh” after Manchester City clinched the Premier League title in a weekend packed with sports action. The final day of the 2023/24 Premier League season saw all favorites win, leading to the company giving out significant payouts. Soccer […]
Business
May 20, 2024
Historic Sports Betting Week for New York and DraftKings
The second week of May proved to be a busy period for licensed sports betting operators in New York, data released by the gambling regulator, the New York Gaming Commission, reveals. Besides a busy period, the week that ended May 12 enabled DraftKings to set a new weekly revenue record. Previously, FanDuel held the revenue […]
Business
May 20, 2024
PointsBet Updates Its FY 2024 EBITDA Guidance
PointsBet Holdings, a corporate ASX-listed bookmaker, has published a new update, drastically improving its EBITDA guidance. The announcement comes amid strong year-to-date trading and increased operational efficiency and productivity, the company announced. As announced by PointsBet, the operator now expects normalized EBITDA loss for the fiscal year to be in the range of AUD 4 […]
Business
May 17, 2024
FanDuel Dominates US Market Share in April, JMP Confirms
There are two leading betting and gaming operators that compete for the top spot across the United States. An overwhelming majority of nearly 40 US states offer some form of betting and competition between FanDuel and DraftKings for the top spot has never been greater. Cumulatively, the duo holds a significant share of approximately 80% […]
Business
May 17, 2024
XLMedia’s FY 2023 Results Decrease amid Internal Restructuring
Sports and gaming digital media company XLMedia has published its audited results for FY 2023, outlining significant declines across the board. Key highlights included revenue of $50.3 million, down 29% year-on-year. For comparison, the company’s revenue for FY 2022 stood at $70.9 million. The decline in revenue resulted in a 26% decrease in gross profit […]
Business
May 17, 2024
Gambling.com Group Posts Impressive Q1 Results, Updates Outlook
Gambling.com Group, a provider of digital marketing services to partners within the online gaming industry, has published its financial report for the period ended March 31, 2024. The quarter saw many of the company’s metrics increase, sparking confidence in its ability to generate revenue. Speaking of revenue, the company reported $29.2 million in revenue for […]
Industry
May 16, 2024
AGA: Q1 2024 Was the Industry’s 13th Consecutive Quarter of Growth
The American Gaming Association has published its latest Commercial Gaming Revenue Tracker report, highlighting the performance of the US industry. The commercial gaming revenue in the US continued to gain traction, reaching a new quarterly record of $17.67 billion in Q1 2024. This period was notably the industry’s 13th consecutive quarter of growth. The AGA […]
Industry
May 16, 2024
MGC Publishes Q1 Sports Betting and Casino Report
The Massachusetts Gaming Commission has published information about the performance of the local gambling industry, highlighting a decline in taxable sports wagering revenue. Whereas the state’s eight mobile and three in-person sports betting licensees reported $58.9 million in revenue in April 2023, they now generated only $49.12 million. Despite an increase in player spending, the […]
Business
May 16, 2024
Aristocrat Publishes Outstanding H1 Financials
Aristocrat has published its H1 report, outlining “outstanding” financials. The six months were characterized by strong profit growth, resilient operational performance and momentum, the company reported. In the first six months of the fiscal year, Aristocrat recorded a 6% growth in revenue to AUD 3.2 billion ($2.12 billion). The company attributed the favorable results to […]
