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Business
February 10, 2023
New York Sportsbooks Set Betting Handle Record in January
The New York State Gambling Commission, the regulator in charge of sports betting in the state, has announced the results outlining the performance of mobile sportsbooks for January. In total, the mobile betting handle in the state hit $1.79 billion, representing a new all-time-high record. It was back in early January last year when New […]
Casino
February 9, 2023
Niagara Resorts behind Mohegan’s Strong Fiscal Q1 2023
Mohegan Tribal Gaming Authority published its financial results for the first fiscal quarter of 2023 posting strong growth in income from operations on the back of a marginal increase in revenue. Overview of the Performance Over the three months ended December 31, 2022, Mohegan generated net revenue of $406.62 million mainly due to the strong […]
Business
February 9, 2023
MGM Q4 2022 Results Reveal Record Quarter for Las Vegas Properties
MGM Resorts International saw a significant boost in its earnings for the year 2022 with a revenue of $13.1 billion, a surge of 36% from the previous year’s $9.7 billion. This figure encompasses the financial results of several properties, including the newly acquired Cosmopolitan in Las Vegas, and the full-year operations of Aria and Vdara. […]
Business
February 9, 2023
Wynn Resorts Posts Strong Performance and Results for Q4 22
On Wednesday, the company posted its preliminary 2022 results, showing that its operating revenues for the year ended December 31, 2022, hit $3.76 billion, marking a flat result when compared to the corresponding period a year ago. Adjusted property EBITDAR for 2022 hit $725.4 million, marking an increase when compared to the $596.4 million result […]
Business
February 8, 2023
Red Rock Resorts Post Favorable FY 2022 Results, Vows to Remain Disciplined
Red Rock Resorts just published its financial results for Q4 2022, demonstrating mixed results. Despite the headwinds in Q4, the company’s annual results were positive, inspiring confidence in the business. As reported by the operator, it recorded net revenue of $425.5 million in Q4, which represents a slight 0.7% year-on-year increase. Net income, however, declined […]
Business
February 8, 2023
Kindred Posts Underwhelming Unaudited Q4 Results
The company released its unaudited results for Q4 and 2022 Wednesday, confirming it has taken immediate actions to improve profitability. The results are a preliminary estimate of the Group’s performance over the past 12 months, including Q4 results. Judging by those results, Kindred expects to see business-to-business (B2B) and business-to-customer (B2C) total revenue for 2022 […]
Business
February 6, 2023
Better Collective Expects Strong Fourth Quarter and 2022 Results
Leading developer of educational platforms for the iGaming industry Better Collective, released its unaudited results for the fourth quarter and 2022, reporting strong growth in revenue. The company reported €269.3 million ($290 million) in revenue for 2022. This result marked 52% year-over-year growth and according to the company, 34% of it was organic. Moreover, Better […]
Business
February 3, 2023
Penn Entertainment Q4 Revenue Remains Stable despite Negative Factors
The company’s revenue for the quarter reached $1.59 billion, a modest 0.8% year-on-year increase. However, several notable metrics, like earnings per share, fell short of Wall Street’s estimates, while rising interest rates negatively impacted expenses. Despite the stagnating results, Penn Entertainment’s management remained optimistic for 2023, relying on its expansion efforts and strong momentum. Management […]
Business
February 3, 2023
Boyd Gaming Posts Record-Breaking Q4 2022 Results
Boyd Gaming Corporation posted its financial results for the fourth quarter of 2022. As reported by the gaming and hospitality giant, the three months ended December 31 were very successful for the company, as was the entire year. Q4 Saw Boyd Gaming Perform Strongly As announced, Boyd Gaming recorded revenues of $922.9 million in Q4 […]
Business
February 3, 2023
Konami Group Reports 5.5% Group-Wide Revenue Increase through December 2022
The company that caters to the needs of digital and entertainment markets in Asia, Europe, and South America has recorded a group-wide revenue of JPY226.9 billion ($1.76 billion) through December 2022. Its Gaming and Systems segment has also generated the most significant year-on-year growth, reaching JPY27.86 billion ($216 million) during the same period. Factors that Influenced […]
