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Industry
March 5, 2024
Macau’s Casino Industry Was the Main Driver of Tax Income in 2024
Macau’s Financial Services Bureau has published information about the tax contribution of the region’s six casino concessionaires. According to the report, the special administrative region’s gambling industry continues to be the main driver of tax income. The total tax revenue reported by the government was $10.5 billion. The bureau said that the six casino companies […]
Business
March 4, 2024
Solaire Resort’s FY23 GGR Hits 97% of Pre-Pandemic Levels
Bloomberry Resorts Corporation, which owns and operates Solaire Resort Entertainment City, has reported consolidated net revenue of Php11.9 billion ($212 million) in Q42023 for the Manila-based integrated destination resort that spreads across an 8.3-hectare site. The figure, which marks a 3% year-on-year rise compared to 2022’s fourth quarter, was partially generated with the help of […]
Industry
March 4, 2024
Sweden’s Operators Report $2.6B in Turnover for 2023
The Spelinspektionen, Sweden’s gambling regulator, has posted data about the regulated Swedish gambling market’s performance in 2023. According to the preliminary results, metrics remained mostly stable, with licensed gambling companies reporting a total turnover of SEK 27.1 billion ($2.6 billion). The turnover figure is more or less in line with the total turnover reported in […]
Industry
March 4, 2024
Ukraine’s Gambling Industry Pays $47.2M in Taxes in February
Ukraine’s Ministry of Finance has published its tax report for February, highlighting a significant increase in the gambling industry’s contributions. Despite the ongoing war with Russia, the tax revenues suggest that the gaming sector is still going strong. According to the ministry, businesses and organizations in the country paid a total of UAH 184.8 billion […]
Business
March 1, 2024
Codere Online Enjoys Exceptional Q4 and 2023 Results
The leading online gambling operator with a presence in Latin America and Spain, Codere Online, released its latest unaudited financial results, uncovering details regarding its performance for the fourth quarter and full year 2023. On Thursday, the company confirmed that for the quarter ended December 31, 2023, its reported revenues of €50.1 million ($54.2 million). […]
Business
February 29, 2024
Melco Resorts’ Shares Named among Morningstar’s Top 10 under $10
Melco Resorts & Entertainment, led by CEO Lawrence Ho, has earned a spot on Morningstar’s recently unveiled list of the ten best stocks trading under $10. Despite a challenging year that saw the stock price tumble by 33.3%, resulting in Ho dropping off Forbes’ list of Hong Kong’s wealthiest, Melco’s shares currently trade at around […]
Business
February 29, 2024
Lottomatica Boasts Strong FY 2023 Results with €1.6B
Lottomatica, a company that operates in the regulated gambling market in Italy and is de facto the first legal entity to have been authorized to provide its products locally, has boasted strong financial tailwinds, with the company generating €1.6 billion revenue in the 12 months ending on December 31, 2023. Financial Tailwinds Carry Lottomatica into […]
Business
February 28, 2024
GEG Posts Favorable Q4 Results, Underpinned by Macau’s Recovery
Gaming and hospitality giant Galaxy Entertainment Group (GEG) has published its Q4 results, illustrating an optimistic outlook for the company’s business. According to chair Dr Lui Che Woo, the company is well positioned for further growth. In Q4, GEG reported net revenue of HKD 10.3 billion ($1.3 billion), showing a spectacular 254% increase year-on-year. Adjusted […]
Business
February 28, 2024
Inspired Publishes Amended Q3 Report to Regain Compliance
Inspired Entertainment, a leading supplier of gambling content, technology, hardware and services, has published its financial report for the three months ended September 30, 2023. This belated publication highlights the company’s amended filings, in line with Inspired’s plan to regain its compliance. Lorne Weil, Inspired’s executive chair, presented the results, highlighting the company’s performance during […]
Business
February 28, 2024
Light & Wonder Posts Q4 Financials, Reports Robust Momentum
Light & Wonder has reported its results for the fourth quarter and fiscal year ended December 31, 2023, announcing strong momentum. The company’s metrics continued to grow, underpinned by strong performance across all of its business. Q4 was notably the 11th consecutive quarter of consolidated growth for Light & Wonder and the 6th consecutive quarter […]
