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Business
February 4, 2025
BetMGM Posts 2024 Report, Expects to Meet 2025 EBITDA Goals
Betting and gaming juggernaut BetMGM has published its FY 2024 financials, delivering revenue growth and optimistic EBITDA forecasts. While the brand is still EBITDA negative, it is convinced that 2025 may be a turning point. BetMGM Hopes to Turn EBITDA-Positive Soon BetMGM, which is jointly owned by MGM Resorts International and Entain, reported net revenue […]
Business
February 4, 2025
US Tariffs on Canada May Harm Tourism, Lead To Job Losses
After returning to the White House as the new President of the United States late last month, Donald Trump has been busy with work. Signing pardons and proposing the implementation of tariffs were only a small portion of the new President’s busy schedule. Trump proposed the implementation of tariffs on Canada, Mexico, as well as […]
Business
January 31, 2025
Philippine Gaming Grows as PAGCOR Announces Revenue Record
The Philippine Amusement and Gaming Corporation (PAGCOR) published its report for 2024, revealing a new all-time high revenue and income figures. Chair & CEO Alejandro Tengco praised the metrics, saying that the corporation is pleased with this stellar progress. The PAGCOR Exceeded the PHP 100B Mark According to the PAGCOR’s report, its annual revenues for […]
Business
January 31, 2025
Nevada Casinos Report Solid Results for December and 2024
The last 12 months marked another strong period for casinos in Nevada, newly released financial data reveals. On Thursday, the state’s gambling regulator, the Nevada Gaming Control Board, released financial details regarding the performance of casinos across the state in December and the full year 2024. Year-over-Year Gaming in December Records an Uptick Focusing on […]
Business
January 31, 2025
Analyst Suggests VICI May Target Caesars Forum Acquisition
The owner and acquirer of real estate assets across leading gaming, hospitality, entertainment and leisure destinations, VICI Properties, may consider acquiring Caesars Forum on the Las Vegas Strip, an analyst suggests. VICI Aims at Annual Yield of 8-10% on Its Properties, Boosted by Potential Deals That’s the take of Carlo Santarelli, a Deutsche Bank analyst, […]
Business
January 30, 2025
Evolution Ends 2024 on a Strong Note Despite Rising Headwinds
Global online casino games and live dealer services leader Evolution recently announced its Q4 financial results for 2024, which saw positive revenue and earnings growth despite ongoing operational challenges. The company outlined strategic expansion initiatives and new products for 2025, while margin forecasts remain conservative due to regulatory challenges and persistent cyber-security threats across key […]
Business
January 30, 2025
LeoVegas Group to Implement Deposit Limit Changes in the UK
Online gaming operator LeoVegas has told its UK customers that deposit limit changes are on the horizon. The company clarified that the upcoming upgrade will affect all of its brands. More Liberal Deposit Limits Are Coming The changes in deposit limits will include a revamped calculation that would also take customers’ withdrawals into account. In […]
Business
January 30, 2025
Penn Entertainment to Consider HG Vora’s Board Nominations
The provider of integrated entertainment, sports content, and casino gaming experiences across five segments, Penn Entertainment (PENN), has found itself involved in a proxy fight with its shareholder, HG Vora Capital Management. The latter is currently trying to push the appointment of three new members to the company’s board. The announcement has led to a […]
Business
January 29, 2025
Bragg Publishes Preliminary 2024 Report, Posts Optimistic 2025 Guidance
Bragg Gaming Group, a global B2B iGaming content and tech provider, has published its preliminary unaudited results for 2024, highlighting anticipated revenue and EBITDA growth. The company added that it expects its financial to continue increasing in 2025. Bragg Is Looking Forward to Good Financials According to the report, Bragg anticipates FY 2024 revenue of […]
Business
January 29, 2025
Playtech Parts Ways with Chair Mattingley, Introduces Changes to Board
Gambling software powerhouse Playtech announced board changes, including the resignation of its chair and changes to the structure of its committees. Mattingley to Exit After Four Years with the Company On January 29, Playtech confirmed that Brian Mattingley has decided to step down as chair and depart from the board. He agreed to remain on […]
