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Business
February 9, 2024
Better Collective Publishes Unaudited FY 2023 Report
Just after finalizing its acquisition of Playmaker Capital, Better Collective published its unaudited full-year report. The company said that 2023 was a very strong year and that the results exceeded its guidance. According to the company’s announcement, its full-year revenues reached EUR 327 million ($352.5 million), which represents a 21% year-on-year growth. EBITDA, on the […]
Business
February 9, 2024
BetMGM Reports Strong FY 2023 Performance
BetMGM, a leading sports betting and iGaming operator jointly owned by MGM Resorts International and Entain, has announced robust financial results for the fiscal year 2023, according to unaudited figures. The recent report reflected on the performance of some key verticals, providing insights into the operator’s strategy and plans to tackle rising industry challenges. Most […]
Business
February 8, 2024
Red Rock Resorts Enjoys Strong Q4 and Full Year 2023 Results
The leading casino and hospitality company, Red Rock Resorts, published its latest results, uncovering details regarding its performance for the fourth quarter and full year 2023. On Wednesday, the company released its unaudited report, pointing to strong growth in revenue as well as an increase in adjusted EBITDA for the three months ended December 31, […]
Business
February 8, 2024
Wynn Macau Surpasses Q4 Expectations with Strong Revenues
In a notable rebound, Wynn Macau Ltd, the Macau-based casino operator and subsidiary of Wynn Resorts Ltd, has reported impressive financial results for the fourth quarter of 2023. According to a filing with the Hong Kong Stock Exchange, the company recorded total operating revenues of $910.6 million, an 11.1% increase from the previous quarter. This […]
Business
February 7, 2024
Svenska Spel Posts 2023 Interim Report, Plans $181M Dividend
Svenska Spel has published its interim report for 2023, highlighting stable revenue. The year saw Svenska Spel earn a total net revenue of SEK 8,029 million ($766 million), in line with last year’s results. This followed a stable fourth quarter in which the company recorded net gaming revenue of SEK 2,121 million ($202 million) – […]
Business
February 7, 2024
Barclays Cuts Entain’s Price Target, Downgrades Company to Equalweight
Late last year, Entain faced pressure from activist investors, urging for change in light of a tipping share price trend observed over the year. The announcement came on the heels of the unexpected departure of the company’s CEO, Jette Nygaard-Andersen. Now, Barclays reduced its price target for Entain from 1,120p to 1,070p, downgrading the company […]
Industry
February 6, 2024
Maryland’s Casino Revenue Declined in January
Maryland’s six casinos have posted total revenue of $153.2 million for January 2024. This figure represents an 8.4% year-on-year decrease and led to lower contributions to the state. For reference, the best-performing casino was MGM National Harbor, a property with over 2,000 slots and more than 200 gaming tables. The MGM property posted revenue of […]
Business
February 6, 2024
Rivalry Eyes Strategic Expansion Following In-House Online Casino Success
Rivalry’s newest press release highlighted its ambition to redefine the future of online betting for the digitally native generation. Exiting 2023 as a transformed entity, the company has ventured into new verticals, broadening its scope. These efforts can lead to new B2B licensing opportunities, delivering lasting value and enabling further growth. Success across Multiple Verticals […]
Business
February 6, 2024
Sphere in Las Vegas Reports Strong Fiscal Second Quarter Results
Sphere Entertainment, the parent company of Sphere in Las Vegas, the premium entertainment and music arena, released its fiscal 2024 second quarter results. The period, encompassing the three months ended December 31, 2023, sheds light on the Sphere’s performance for its first full quarter, highlighting achievements and important partnerships inked during the period. The total […]
Business
February 5, 2024
Kindred: Only 3.1% of the Q4 Revenue Came from Harmful Gambling
Kindred Group has released another update on its Journey towards Zero, an initiative that has seen the company minimize the funds it takes from problem players. According to Kindred, only 3.1% of its revenue in Q4 2023 came from harmful gambling. This is an improvement from Q3 when the company took 3.3% of its revenue […]
