Tag Archives: Financial Results
France – Cost of operating alongside COVID 19 pitched at 41 per cent in France
The pandemic continues to affect gambling establishments in France where the gross gaming revenue (GGR) for the fiscal year November 2020 to October 2021 is just over €1bn, marking a decline of 41 per cent on last year’s total. Speaking to Journal des Casinos, Olivier Raineau, President of the employers’ union Casinos de France said…
Sweden – Evolution sees operating revenue surge by 97 per cent as live dealer continues to boom
Evolution saw its third quarter operating revenues increase by 97 per cent to €276m with profit coming in at €157.4m The quarter saw the continued expansion in the US with opening of a new live casino studio in Michigan. Top-line growth was driven by very strong global demand for Live Casino but also impacted positively…
Canada – Loto-Québec bounces back with ‘solid results’
For the first quarter of the 2021–2022 fiscal year, Canadian operator Loto-Québec generated total revenues of $401.3m, up $243.9m, up 154.9 per cent compared to the same period last year, during which most of the corporation’s activities were shut down. This is a decrease of $254.9m or 38.8 per cent compared to the first quarter…
Greece – Lottery driving 34.4 per cent increase for Intralot
Greek betting operator Intralot generated first half revenue of €202.6m, up 34.4 per cent on last year’s figures with the lottery being the largest contributor, comprising 59.5 per cent of the company’s revenue, followed by Sports Betting which contributed 18.3 per cent to Group turnover for the six-month period. Technology contracts accounted for 12.2 per…
Finland – Veikkaus keeps profit steady despite COVID uncertainty
Finnish state owned gambling entity Veikkaus saw its financial profit for the period from January to June (€330.2m) remain at the level of the respective period in 2020, down 0.8 per cent. The restrictions and special arrangements due to the coronavirus pandemic, as well as the sustainability measures the operator decided to take had a…
US – Nevada smashes its all-time personal best with fifth month of $1bn plus gaming
Fuelled by the return of live entertainment and one-off sporting events, Nevada’s casinos enjoyed the best month in their history in July with revenues surpassing the $1bn mark for the fifth successive month and the Strip generating its best ever month. July 2021 surpassed the previous record for Nevada set in May of $1.23bn whilst…
US – COVID takes 20 per cent swipe at Indian gaming’s 2020 revenues
National Indian Gaming Commission (NIGC) Chairman E. Sequoyah Simermeyer and Vice Chair Jeannie Hovland released the Fiscal Year 2020 (FY 2020) overall Gross Gaming Revenue (GGR) figure with 2020 revenues totaling $27.8bn, representing a decrease of 19.5 per cent over FY 2019. The COVID-19 pandemic impacted the FY 2020 GGR results. Unlike previous years, the…
UK – Inspired enjoys growth across all segments as UK, Italy and Greece reopen
With all constraints on betting shops, pubs and holiday parks in England lifted on July 19, Inspired delivered year-over-year growth across all segments in the second quarter 2021. The Interactive business continued to display strong performance, and sequential growth, in all major markets, with revenue of $5.8m, an increase of 69 per cent year-over-year, due…
China – Galaxy forced to delay opening of Galaxy Macau Phase 3 despite GGR bouncing back
Whilst delighted that second quarter revenues were rebounding, Macau operator Galaxy Entertainment has confirmed that COVID has delayed the unveiling of Galaxy Macau Phase 3 until 2022. The company said limitations on workforce access due to the COVID-19 pandemic has caused the delay to the project, that will include the Galaxy International Convention Center, several…
