Business
May 2, 2024
Flutter Shareholders Approve Shift to New York Stock Exchange
In another setback for London’s financial market, Flutter Entertainment, the parent company of Paddy Power, has received overwhelming support from its shareholders to shift its primary stock exchange listing to New York. The decision, made at the company’s annual general meeting, reflects a significant move for the gambling giant, which expects the transition to be […]
Business
May 1, 2024
Lottomatica Posts Strong Q1 Results, Updates Guidance after SKS365 Takeover
The leading operator with a strong presence in Italy and across Europe, Lottomatica, released its latest financial update, uncovering details about its performance for the first quarter of this year. On Tuesday, the company disclosed details regarding its latest interim financial report, covering the three months ended March 31, 2024. In the first quarter of […]
Business
April 30, 2024
JP Morgan Updates Price Target for Red Rock Ahead of Q1 Results
Earlier this month, the gaming and hospitality operator, Boyd Gaming, released its first quarter results, highlighting an increase in online revenue despite a dip in its overall revenue. In total, the company reported $960.5 million in revenue, a figure that was slightly lower year-over-year when compared to the Q1 2023 result of $964.0 million. Upon […]
Business
April 26, 2024
Boyd Gaming Reports Increase in Online Revenue despite Overall Dip in Q1
The leading gaming and hospitality company, Boyd Gaming, announced its latest unaudited financial report uncovering details regarding its performance for the first quarter of 2024. The report first emerged on Thursday, uncovering strong results despite some challenges encountered in the first quarter. For the first quarter of this year, Boyd Gaming reported $960.5 million in […]
Business
April 26, 2024
Aristocrat Completes Its $1.2B Acquisition of Neo Group
On May 15, 2023, Aristocrat Leisure Limited, an Australian gambling machine manufacturer, announced its intention to acquire Neo Group in a historic deal. Almost a year later, the latter group, formerly known as NeoGames SA, announced that the transaction had been completed. The announcement comes a week after Aristocrat successfully navigated through the regulatory labyrinth, […]
Business
April 26, 2024
Betsson Starts 2024 with Stellar First Quarter Results
The leading online gambling company with a strong presence across the globe, Betsson AB, released its interim results for the first quarter of 2024. On Friday, the company disclosed financial details regarding the three-month period between January and March this year, highlighting a number of important achievements, an increase in revenue and growth in the […]
Industry
April 26, 2024
NGCB Publishes March & Q1 Industry Report
Nevada’s Gaming Control Board (NGCB) published information about the local gambling industry’s performance in March 2024. Revenue remained mostly stable, experiencing only a slight decline of 1.65%. Albeit modest, the decline marked the end of eight consecutive months of revenue hikes. In total, Nevada’s 316 licensees posted total revenue of $1.29 billion. The slight decline […]
Business
April 25, 2024
Einhorn’s Greenlight Capital Takes Mid-Sized Stake in PENN Entertainment
PENN Entertainment’s shares went up 2.41% today on volume that was 55.7% over the regular daily average as a result of David Einhorn disclosing that Greenlight Capital took a “medium-sized” stake in the casino operator in Q1. This way, Greenlight joins the list of popular hedge funds that have recently taken stakes in PENN Entertainment, […]
Business
April 25, 2024
Gambling.com’s Novel Media Strategy Pays Off
While most US sports media companies have pivoted to collaborations with leading operators, performance marketing firm Gambling.com Group has pursued a distinctive approach. In recent years, Gambling.com has forged partnerships with newspaper giants Gannett and McClatchy. These collaborations entail Gambling.com assuming responsibility for a significant portion of the newspapers’ digital sports betting coverage. Newspapers Still […]
Business
April 25, 2024
Churchill Downs Enjoys Exceptional 2024 Start with Strong Q1 Results
The parent company of Churchill Downs, Churchill Downs Incorporated (CDI), released its latest financial update. On Wednesday, the company disclosed insights regarding its performance for the first quarter of 2024 or the quarter that ended March 31, 2024. In its latest trading update, CDI highlighted strong growth in terms of adjusted EBITDA and net revenue. […]
