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Business
November 6, 2020
Kindred’s Diversified Model Helped Shrug off Disruptions
Nasdaq Stockholm-traded gaming operator Kindred Group released an interim report today, informing investors about its third quarter and January-September financial performances, outlining it managed to shrug off the ongoing disruption in the industry for the third quarter due to its diversified model. Gross Winning Revenues Rise Kindred Group issued a trading update in October, ahead […]
Business
November 6, 2020
Century Casinos Posts Higher Q3, 2020 Results despite Pandemic
In the latest earnings call, Century Casinos has reported a strong recovery in the third quarter of 2020. Despite the record-high results, overall results are down year-over-year, and recovery may continue well into 2021. Third-Quarter Results Beat Year-over-Year Benchmarks Century Casinos, Inc. has revealed its financial results covering the third quarter, and the entire nine […]
Business
November 6, 2020
Golden Entertainment’s Third Quarter Business Recovering
Nasdaq-traded casino operator Golden Entertainment released Thursday its third quarter financial report, pointing out that the financial performance during the quarter at all of its properties quickly recovered from the coronavirus impact. Quarterly Revenues Down YoY Golden Entertainment posted 2020 third quarter revenues of $205.4 million, 15.6% down compared to the quarterly result for the […]
Business
November 5, 2020
Atlantic City: Twin River To Invest $90 Million Into Bally’s Atlantic City
Rhode Island-based casino operator Twin River Holdings, Inc. has committed to investing $90 million to upgrade Bally’s, Atlantic City’s worst-performing casino. Twin River Buys Iconic Bally’s Brand Bally’s Atlantic City was sold to Twin River last April at a discounted rate of $25 million. The opportunity arose as Caesars Entertainment and Eldorado Resorts were reducing […]
Business
November 5, 2020
Scientific Games Posted Third Quarter Net Loss of $111M
Gaming equipment and technology provider Scientific Games (SG) released Wednesday its results for the third quarter of 2020, noting its quarter financial performance was adversely impacted by the coronavirus disruptions within the casino industry. Casino Operation Disruptions and Debt Re-Measurement Scientific Games posted for the three months ended September 30 revenue of $698 million, 18.4% […]
Business
November 4, 2020
Mantalus Helps Sportsbet Migrate to AWS
After Sportsbet observed traffic spikes, the bookmaker decided to move its core betting application environment OpenBet to Amazon Web Services. The bookmaker worked together with Mantalus to complete the migration. Traffic Spikes Prompted Sportsbet to Migrate to AWS The Australian online bookmaker Sportsbet has announced that it worked closely with the cloud consulting company Mantalus […]
Business
November 4, 2020
Maryland, South Dakota and Louisiana Approve Ballot Measures
A trio of states voted in favor of ballot measures for the legalization of sports betting and fueled buying interest for stocks of sports betting operators on the markets Wednesday morning. Boston-based daily fantasy sports and betting operator DraftKings had its biggest rally in 3 weeks, posting gains of 6.2%, followed closely by Penn National […]
Business
November 3, 2020
FanDuel Inks Strategic Partnership with Memphis Grizzlies
After inking a strategic partnership with the Memphis Grizzlies, FanDuel became an official sports betting partner and exclusive official daily fantasy partner of the NBA team. To celebrate the new partnership, FanDuel and the Grizzlies launched special promotions for Tennessee residents. FanDuel and Memphis Grizzlies Ink a Strategic Partnership Daily fantasy sports and betting operator […]
Business
November 2, 2020
Record Online Betting Triples Churchill Downs Q3 Profit
Churchill Downs Incorporated (CDI)‘s Q3 profit nearly tripled, thanks to an increase in online betting activity on its platform Twinspires. Net Profit Soars Thanks to Online Betting Growth Gambling operator CDI has reported a 10.3% year-on-year net revenue increase for the third quarter. The rescheduling of the Kentucky Derby boosted CDI’s online betting net profit […]
Business
November 2, 2020
Navajo Nation Considers Reopening Casinos at 50% Capacity
The Navajo Nation Gaming Enterprise (NNGE) asked today for the approval of the Navajo Nation Council to reopen four of its tribal casinos in New Mexico and Arizona. Bill Requests 4 Casinos To Operate at 50% Capacity The bill, submitted to the council on November 2, suggests allowing casinos and gaming properties to operate at […]