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Business
March 2, 2023
Light & Wonder Restructuring Efforts Pay Off as 2022 Revenues Soar
The cross-platform global game company released its official Q4 and end-of-the-year financial results, showing growth across all significant verticals. Light & Wonder’s impressive performance is already bearing dividends for its shareholders, who can expect strong momentum going into 2023. The management team expressed confidence that the company’s strategic transformation would continue to bring sustainable value […]
Business
March 2, 2023
Nevada Operators Enjoy Strong 2023 Start with $1.27bn Gaming Win
The gambling regulator in Nevada, the Nevada Gaming Control Board (NGCB), released its latest report, outlining the financial performance of nonrestricted gaming licenses for January. Judging by the new report, the operators enjoyed a stellar start to the year, with the total gaming win hitting $1,272,955,068 in January 2023. A year-over-year comparison to January 2022 […]
Business
February 28, 2023
Codere Online Net Gaming Revenue Soars by 48% For 2022
The leading online gaming operator offering services in Latin America and Spain, Codere Online, released its fourth quarter and 2022 results, showing strong growth in revenue and an increased number of active monthly players. The company said Tuesday that its net gaming revenue in Q4, 2022, hit €37.7 million ($40 million). This result, when compared […]
Business
February 28, 2023
Scout Gaming Minimizes Losses, Continues Journey toward Positive Revenue
Scout Gaming has published its financial report for 2022, highlighting a noticeable decrease in annual losses. The B2B fantasy sports and betting provider attributed the improved metrics to its cost-effective strategy. As reported, Scout Gaming recorded losses of $5.76 million (converted from Swedish Krona) representing a 27% year-on-year decrease from the $7.87 million in losses […]
Business
February 28, 2023
IGT Posts 3% Increase in Revenue to $4.2 Billion for 2022
The multinational gambling producer of slot machines and gambling technology has published its Q4 and full year results for 2022, announcing it has reached all of its financial goals for the year while managing to strengthen its “product leadership positions” across Global Gaming, PlayDigital, and Global Lottery operations. Strategic Work Has Paid Off According to […]
Industry
February 27, 2023
Washington DC Sportsbooks Declined in January
In general, the current trend shows that sports betting continues to be the pastime of choice of millions of Americans. The sports betting industry has exploded with new states legalizing wagering on sports each year. Despite the generally favorable state of affairs, the growth trend is by no means universal or without its exception. In […]
Business
February 27, 2023
Betting GGR in January Sets a New Record in New Hampshire
The New Hampshire Lottery, the regulator in charge of sports betting in the state, revealed that the combined betting handle by retail and mobile sports betting hit $97.2 million in January. Although this result didn’t mark a record, it was still the highest wagering handle reported for the last six months. More importantly, the $97.2 […]
Business
February 27, 2023
COVID-19 Prompted Tribes to Diversify Their Businesses
COVID-19 has exposed the shortcoming of tribal nations’ overreliance on gambling income. In the wake of the terrible pandemic, more and more tribes are looking to diversify their sources of revenue. The Associated Press analyzed the trends and spoke with tribal spokespeople. The Pandemic Highlighted the Need for New Revenue Streams As reported by the […]
Business
February 24, 2023
VICI Properties Announces Record End-of-Year Results
VICI’s savvy choice of investments continues to pay off as its shares keep rising and net income soars. The REIT maintained its momentum during the last quarter, demonstrating substantial boosts across the most relevant metrics. Such impressive financial results provide a stable foundation for the investment trust to provide its shareholders with sustainable growth and […]
Industry
February 24, 2023
FATF Decides to Suspend the Membership of the Russian Federation
The global money laundering and terrorist financing watchdog, the Financial Action Task Force (FATF), confirmed Friday that it has decided to suspend the membership of the Russian Federation. The watchdog confirmed that the country remains accountable for its implementation of FATF Standards and must meet its financial obligations. Despite the decision, the FATF confirmed that […]
