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Gambling News - 'Finance'
Business
May 2, 2023
MGM Resorts Outlines of Its Best First Quarters in Q1 2023
MGM Resorts reported its first-quarter results in 2023 on Monday, arguing that the numbers were some of the best quarterly performance that the company has posted in its history. Las Vegas Strip Resorts and MGM China have both driven a strong performance for the company owing to increased business volume and travel activity. MGM Resorts […]
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
May 1, 2023
Sports Betting Expenses Are a Strain for the Ohio Lottery
Ohio is one of the latest states to legalize sports betting. It launched its legal wagering market in January, allowing local fans to fully immerse themselves in the world of professional sports. However, recent data shows that things might not be as rosy as the state had hoped, at least not for the Ohio Lottery […]
Industry
May 1, 2023
NSW’s Pokies Industry Has Recovered at the Expense of Vulnerable People, Critics Say
Liquor and Gaming NSW, a regulatory body responsible for gambling in the Australian state of New South Wales, has published the local pokies industry’s 2022 results. The financial figures show that the sector has rebounded since the end of the COVID-19 pandemic but some fear this might be at the expense of the players’ safety. […]
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 […]
Business
April 27, 2023
Betsson Posts 30% Revenue Increase for Q1 2023
The globally recognized company that manages and invests in fast-growing businesses primarily within the iGaming vertical, Betsson AB, published its interim report covering the period between January and March 2023. The new financial report reveals the company enjoyed a strong start of 2023 with revenue increasing year over year. In Q1 2022, Betsson reported revenue […]
Business
April 27, 2023
Evolution Celebrates Stellar 2023 Start with Q1 Revenue Increase
Leading business-to-business (B2B) solutions provider for the iGaming industry Evolution released its results for the first quarter of 2023. Judging by the latest figures, between January and March this year, the company reported strong growth with operating revenue hitting €429.6 million ($474.4 million). This result, when compared to the corresponding period in 2022 when the […]
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
Kambi Reports Revenue Increase of 19% For Q1 2023
The business-to-business (B2B) provider of sports betting services and solutions for the gambling industry, Kambi Group plc, released Wednesday its unaudited report outlining the company’s performance for the first quarter of 2023. Judging by the figures, the company reported growth with revenue hitting €44.0 million ($48.6 million) in Q1 2023. This result, when compared to […]