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Industry
May 1, 2023
Pennsylvania Gaming Is Booming but It Is Not a Panacea for the Economy
Pennsylvania is the sixth-friendliest state for gambling, a recent report by WalletHub suggests. TheCenterSquare reporter Anthony Hennen analyzed those results, what they mean, as well as what the cost of Pennsylvania’s leading position is. Citing Michael Huyghue, Cornell University Visiting Professor of the Practice, Hennen noted that gambling is now engrained into the Pennsylvanian DNA, […]
Business
April 28, 2023
GLPI Q1 Results Highlight the Success of Its Diversification Strategy
Gaming and Leisure Properties (GLPI) has published its financial results for the first quarter of the year. The company recorded favorable results with metrics increasing across the board. As reported by GLPI, the total company revenue increased by 12.7% year-on-year to $355 million. Its income from operations, meanwhile, skyrocketed from $199.8 million in Q1 2022 […]
Business
April 28, 2023
ATG Posts Suboptimal Q1 Results amid Economic Headwinds
Aktiebolaget Trav och Galopp (ATG), Sweden’s former horse racing monopoly, posted its Q1 financial results, highlighting a bumpy period for the company. The suboptimal results were attributed to the macroeconomic headwinds. ATG’s net gaming revenue for the first three months of 2023 was SEK 1.19 billion (around $116 million). This figure represents a 5.9% year-on-year […]
Casino
April 27, 2023
Wynn’s Newest Al Marjan Casino Resort Receives Its First Concept Images
With a silhouette that would fit perfectly in the Las Vegas Strip, Wynn Resorts’ newest project for a luxury integrated casino resort continues to steam ahead. The $3.90 billion project will be a first for Wynn in the area, hopefully capitalizing on the growing demand for such services. The Project Is Proceeding as Planned Wynn […]
Business
April 26, 2023
Boyd Gaming Shows No Signs of Slowing Down, According to Q1 Results
Boyd Gaming has built upon its substantial 2022 momentum, capitalizing on its diverse and resilient portfolio. Successful launches in new jurisdictions and the further development of existing markets were instrumental in maintaining revenue and EBITDAR growth. Such stellar results put the operator in a comfortable position to consolidate its market position and remain vigilant for […]
Business
April 26, 2023
Rivalry to Receive $7.3M in Pinnacle-led Funding Round
Rivalry, an international sports betting and media company will receive $7.34 million (converted to USD) in funding through a new financing round. To that end, the company will issue up to 6,666,666 subordinate voting shares at a price of $1.10 each. The funding round will be led by Pinnacle and will feature a variety of […]
Business
April 26, 2023
Kindred Unveils Review of Strategic Alternatives
Kindred Group, a company behind several major gambling brands, announced that it has launched a review of strategic alternatives to maximize shareholder value. Its board of directors will now explore approaches that Kindred can take to bolster its business. The process will see Kindred’s directors evaluate its world-class portfolio of iGaming and online sports betting […]
Business
April 25, 2023
Zitro Expands in LATAM with New Buenos Aires Office
Zitro, a world leader in entertainment that supplies operators with engaging bingo and slot games, has announced that it has opened a new office in Buenos Aires, Argentina. The new hub will bolster the company’s presence in Latin America and will set it up for further expansion in the region. The opening of the new […]
Business
April 21, 2023
Ontario’s Online Gambling Industry Enjoys Stellar Growth in Its First Year
The first year of operations for Ontario’s gambling market put the Canadian province among one of North America’s leading jurisdictions. Online sports betting and iGaming exceeded expectations thanks to the local regulator’s efforts to foster a diverse and flowing ecosystem promoting healthy competition. The region’s strict rules have proven that responsible gaming measures and financial […]
Business
April 20, 2023
LVS Q1 Results Skyrocket as Asian Markets Rebound
Las Vegas Sands posted its financial results for the first quarter of the year, highlighting a robust recovery in Macau and Singapore. The leading integrated resort developer reported impressive revenues from its Asian operations. LVS reported Q1 net revenue of $2.12 billion which is over two times higher than the figure recorded in Q1 2022. […]
