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Business
August 13, 2024
PAGCOR Reports Strong Q2, Enjoys Solid Performance of E-Games
The second quarter of this year marked a strong period for licensed casinos in the Philippines, with reported increases in total gross gaming revenue (GGR) year-over-year and quarter-over-quarter. The Philippine gambling regulator and government-owned, regulated and operated corporation, the Philippine Amusement and Gaming Corporation (PAGCOR), uncovered details regarding the GGR reported for the three months […]
Business
August 7, 2024
Super Group Posts Record Q2 Results Following US Exit
Super Group has published its financials for Q2 2024, outlining record-breaking revenues in the wake of its exit from the US market. Super Group Excels Following Its US Exit For Q2, the company reported revenue of €414.7 million ($453.2 million) marking an increase of 9% from €380.8 million in Q2 2023. The significant increase was […]
Business
August 7, 2024
ZEAL Publishes H1 Report, Highlighting Exceptional Results
ZEAL Network, Germany’s leading provider of lottery products, has published its H1 report, highlighting impressive financial success. As the company’s “strong growth path” continued, its group revenue increased by a whopping 40%. ZEAL’s H1 Metrics In the first half of 2024, ZEAL reported revenue of €76.8 million ($83.9 million), up 40% year-on-year. In addition to […]
Industry
August 7, 2024
RMG Changes Would Provide Relief to Indian Gaming Businesses
India might allow 100% Foreign Direct Investment (FDI) for real-money gaming companies, without official approval, reports say. According to Mint, the government has proposed to allow companies to access full FDI via an automatic online RMG route. If enacted, this measure would allow monetary amounts up to the value of the entire business to be […]
Business
August 7, 2024
Wynn Resorts Records Record Quarter While Unveiling Global Expansion Plans
Wynn Resorts has plans to grow worldwide while enjoying a record quarter. The company saw its best second-quarter EBITDA ever reaching $572 million. This success came from strong results at its sites in Las Vegas, Boston, and Macau. Wynn Resorts Unveils Expansion Plans for Thailand and UAE While Thriving in Las Vegas Wynn Resorts wants […]
Industry
August 6, 2024
US Gambling Sector Must Adapt to Shifting Market Dynamics
A recent report by US consumer credit reporting agency TransUnion highlighted the explosive growth of the USA’s gambling sector but cautioned that shifting industry dynamics require a revised approach. Operators must effectively separate high-value from high-risk bettors and keep the current pace of innovations to maintain sustained growth. Changing Demographics Present New Challenges According to […]
Industry
August 6, 2024
Maryland Casino Sector Records Slowdown as July Revenue Declines
Maryland’s six casinos have generated almost $170 million in revenue in July 2024, marking a slight year-on-year decline. By extension, this led to a slight decline in the industry’s contributions to the state. Maryland’s Six Casinos Recorded Slightly Lower Revenue Maryland has six legal commercial casinos that offer both table games and video lottery terminals […]
Industry
August 6, 2024
Stock Market Slump Jolts the Gambling Industry
The gaming industry was significantly impacted by Monday’s dramatic stock market slump, which saw the Dow Jones Industrial Average drop over 1,000 points, marking the market’s worst day since 2022. The Dow tumbled 2.6%, while the Nasdaq Composite plunged 576 points—equating to 3.4%. These rapid movements caused significant panic, but the situation looks to be […]
Business
August 6, 2024
Nuvei Acquires Licensed Brazilian Payment Institution
Nasdaq-listed, Canadian fintech company Nuvei Corporation has entered into a definitive agreement to acquire licensed Payment Institution Pay2All. The decision, considered a strategic milestone for the company, is expected to improve Nuvei’s capabilities in the domestic market in Brazil while strengthening its commitment to the Latin American (LATAM) region. The license of the Central Bank […]
Business
August 5, 2024
DraftKings Surcharge Scheme Could Become Buying Opportunity
Earlier in the month, we reported DraftKings’ plan for a new surcharge on customers’ net winnings implemented at the start of 2025, as mentioned in a letter to shareholders. The announced surcharge, which is expected to affect DraftKings’s winning clients in Illinois, New York, Pennsylvania, and Vermont, caused the operator’s shares (NASDAQ: DKNG) to slump […]
