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Business
June 7, 2023
Light & Wonder CEO Predicts EBITDA Growth to $1.4bn by 2025
Light & Wonder’s CEO, Matt Wilson, was recently interviewed by CommSecTV, the digital media of Australia’s leading online broker that provides investors with valuable insights, CommSec. Speaking about Light & Wonder, the CEO predicted exponential growth and explained how strategic processes positioned it for expansion on a global scale. Previously Light & Wonder was known […]
Business
June 2, 2023
Codere Posts Stellar 2023 Start with Q1 Revenue up by 19%
Globally recognized gambling operator Grupo Codere published its latest trading update, outlining details regarding the company’s performance for the first quarter of 2023. On Friday, the company released its latest report, revealing that its total revenue in Q1 2023 hit €350 million ($375.5 million). This result, when compared to the corresponding period in 2022, marked […]
Business
June 2, 2023
Sports Betting Handle Plummets in Ohio for April to $521M
The sports betting regulator in Ohio, the Ohio Casino Control Commission, has announced its latest report, revealing data regarding the performance of licensed mobile and retail sports betting operators in the state. The report unveils the figures for April, showing a drastic decrease in the betting handle when compared to a month earlier. The new […]
Industry
June 2, 2023
Aristocrat’s CEO Speaks about the Gaming Industry’s Resilience
Hector Fernandez, the chief executive officer of Aristocrat Gaming, spoke with CNBC about the future of the gambling industry and the resilience of gaming. He highlighted that the industry has demonstrated its strength time and time again, surviving periods of economic difficulties and financial unrest. While macroeconomic conditions do have some effect on gaming, the […]
Business
June 2, 2023
Nevada Revenue Records Modest April Growth
The gambling capital of the United States reported a 2.7% year-on-year increase in gambling revenue for April 2023. This positive result reflects the resilience and recovery of Nevada’s gambling industry despite ongoing challenges. However, lacking momentum means that the state’s winning streak may be nearing its end. Slots and Sports Betting Spearheaded Growth April marked […]
Casino
June 1, 2023
Macau: Strong May GGR Suggests Industry Recovery Underway
Gaming in Macau continued to recover in May but is still far below the pre-pandemic levels according to the monthly report by the Gaming Inspection and Coordination Bureau (DICJ). 2023 Upward Industry Trend Continues The agency overseeing the gaming market in the Special Administrative Region (SAR) of China revealed that in May gambling operators registered […]
Industry
May 30, 2023
Sweden’s Gambling Sector Revenues Level Out as the Market Settles Down
The past few years have seen Sweden’s gambling industry undergo significant changes, motivated by the government’s commitment to enduring player protection and responsible gambling practices. Despite gambling revenue leveling out, operators in the country can still bring in substantial profits and contribute to a sustainable and socially responsible gambling landscape. The Industry Has Reached an […]
Business
May 30, 2023
Intralot Posts Q1 Results, Enjoys Significant Growth in the US
The global provider of gaming solutions and content, Intralot, released its latest financial report, outlining key details regarding the company’s performance. In its recent trading update, the company revealed data regarding its performance for the first quarter of 2023 or the three-month period until March 31, 2023. For the period, Intralot reported group revenue of […]
Industry
May 26, 2023
ANJ: 2022 Gambling Market in France Reached Record €12.9B
France’s national gambling authority, l’Autorité Nationale des Jeux (ANJ), published its 2022 market report, showing disparities across the different verticals. Brick-and-Mortar Gambling on the Rise Gross gaming revenue for the year reached a record €12.9 billion ($13.9 billion), posting an increase of 20% compared to 2021, spearheaded by operators holding exclusive rights (La Française des […]
Business
May 26, 2023
LeoVegas’ Business Declined in Q1 2023, the Management Remains Optimistic
MGM-owned operator LeoVegas has posted its Q1 results, reporting a difficult period for the company. The operators’ trading declined as the group recorded drops in several metrics. LeoVegas posted total quarterly revenue of $101 million (converted to USD), which represents a slight decline of 4% from last year’s results. The company EBITDA, meanwhile, sunk further […]
