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Industry
September 15, 2023
US Commercial Gaming Revenue Soars in July
July proved another successful month for the US commercial gaming industry, reaching a record-breaking revenue of $5.39 billion, according to data compiled by the American Gaming Association (AGA). Despite the positive results, declining annual revenue growth rates in some verticals may signal a return to more normalized post-pandemic comparisons. Most States Recorded Sustained Growth AGA’s […]
Industry
September 14, 2023
Sweden Proposes Allocating More Money to Spelinspektionen Starting 2024
Sweden’s government has proposed an increase in the money allocated to the Spelinspektionen and Finansinspektionen for 2024. As the country seeks to strengthen the supervision of the gambling market, it proposed to allocate SEK 10.8 million (around $970,000) to the gambling authority’s 2024 budget. The government plans to further support the Spelinspektionen, providing it with […]
Business
September 11, 2023
ATO to Return $53M to Tabcorp Following Tax Dispute Resolution
Earlier today, Tabcorp, Australia’s largest gambling company, announced that it has reached a resolution to a tax dispute with the Australian Taxation Office (ATO). The resolution concerns income tax treatment of payments for various licenses and authorities. Tabcorp has already paid the disputed amount of tax liabilities and interest in full, the company announced. However, […]
Casino
September 8, 2023
Golden Matrix Takes $970K Loss in Stride in Q3 2023 Results
The company, which specializes in the development, licensure and operations of online gaming and e-commerce platforms, has offered an in-depth look at its performance. Although revenue over the period hit a record $11.3 million, the results were marred by the reported loss. Golden Matrix Not Worried about Temporary Slowdown Regardless, the company has been enjoying […]
Business
September 7, 2023
Century Casinos Sells Real Estate Assets in Alberta
High-profile NA gambling company Century Casinos has completed the sale of its Edmonton and Calgary real estate assets to Vici Properties subsidiaries in a CAD 221.7 million ($162.31 million) agreement. The deal has allowed Century Casinos to secure significant proceeds and adjust its lease agreement with VICI. Streamlining Efforts Should Pay Long-Term Dividends Century Casinos […]
Business
September 7, 2023
STS Group Strengthens Leadership Position with Impressive H1 Results
STS Group’s H1 trading results revealed a remarkable increase in net gaming revenue and impressive growth across most metrics. These stellar financial results underscore the company’s potential ahead of the upcoming Entain acquisition as the gambling giant focuses on the Central and Eastern Europe (CEE) region. The deal should significantly bolster STS’ growth potential and […]
Industry
September 6, 2023
Spelinspektionen: Licensed Operators Recorded a Turnover of SEK 6.7B in Q2
The Spelinspektionen, Sweden’s gambling regulator, has published information about the Swedish gambling market’s performance in the second quarter of the year. The period saw the authority’s licensees collectively record a turnover of SEK 6.7 billion (around $602,000), which translates to a slight year-on-year decrease. The reported preliminary figure represents a decrease of a little bit […]
Business
September 6, 2023
Betsson Completes $80M Bond Issue, Considers M&A Activity
A day after launching in Serbia, Betsson unveiled its plans for further expansion through acquisitions. As announced, the gambling group has completed a EUR 75 million (around $80.4 million) bond issue to fuel its M&A ambitions. The company explained that the issue is under a framework of up to EUR 250 million ($267 million) and […]
Business
September 5, 2023
NOVOMATIC Releases H1 Results, Enjoys Strong Revenue Growth
One of the biggest international producers and operators of gaming technology, NOVOMATIC, released its latest interim financial report. In its latest report, the company revealed details regarding its performance for the first half of 2023, or the six months ended June 30, 2023, posting strong growth of revenue and EBITDA, as well as an increase […]
Industry
September 1, 2023
Macau Posts Strong August Results but Is Yet to Surpass the Pre-Pandemic Levels
Macau’s gaming market continues to show clear signs of recovery as the region’s industry posted a spectacular year-on-year growth of 686%. With China’s zero-COVID policy finally a thing of the past, the restrictions that weighed down on the industry have finally been lifted. In August alone, Macau’s gaming industry reached a respectable $2.13 billion (converted […]
