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Tag Archives: Financials

US – Penn National VIP segment up 33 per cent on 2019 figures

Penn National has reported ‘ongoing growth’ in its core businesses driven by high-end guests, engagement with younger demographics and new technology. “The results from our core businesses continue to impress,” explained Jay Snowden, President and Chief Executive Officer. “Excluding the impact of Hurricane Ida and the Delta variant in the quarter, we saw a continuation…

US – Bally’s retail casino revenue hits record high

Bally’s financial results for the third quarter saw retail casino revenue reach a record high of $301.6m. This accounts to a net income of $49.4m versus $22.1m for the comparable period in 2020, whilst adjusted retail casinos EBITDAR equated to $106.5m versus $43.5m. Lee Fenton, Chief Executive Officer, commented: “This quarter, retail casinos had $301.6m…

Malta – Aspire CEO commends ‘key progress’ in US and Brazil ahead of B2C segment sale

Tsachi Maimon, CEO of Aspire Global, has hailed ‘key progress’ in the US and Brazil as ‘important steps’ in reaching the supplier’s goal of becoming world leading in B2B. “With the sale of the B2C segment, Aspire Global will become a clearly focused B2B company and even stronger and more profitable. The sale will also…

US – MGM records $1.4bn net revenues at Las Vegas Strip resorts in Q3

In the company’s third quarter financial and operating results, MGM’s Las Vegas Strip resorts recorded net revenues of $1.4bn, an increase of 187 per cent compared to the prior year quarter and a decrease of eight per cent compared to the third quarter of 2019. While the current quarter benefited from the removal of mandated…

US – DraftKings increases annual revenue guidance with Q2 revenues up 320 per cent

DraftKings is raising its fiscal year 2021 revenue guidance from a range of $1.05bn to $1.15bn to a range of $1.21bn to $1.29bn, which equates to year-over-year growth of 88 per cent to 100 per cent. In the company’s Q2 report, DraftKings reported revenue of $298m for the three months ended June 30, an increase…

US – Bally’s anticipates Q2 revenues between $258m-$268m

Bally’s has provided preliminary unaudited financial results for the three-month period ending June 30. Bally’s estimates that total consolidated revenue will be in the range of $258 to $268m for the three-month period ending June 30, 2021, with adjusted EBITDA in the range of $80 to $84m. This is compared to total consolidated revenue of…

Canada – Bragg CEO looks to build on ‘strong momentum’ following Q1 results

Bragg Gaming’s CEO, Richard Carter, has commended the B2B gaming technology and content provider’s ‘strong momentum’ after posting its financial results for the three months ended March 31, 2021. “We’ve continued to build on the strong momentum of 2020 with an excellent first quarter,” explained Richard Carter, CEO of Bragg Gaming. “Revenue is up by…

Malta – GiG CEO commends ‘strong start to the year’

Richard Brown, CEO of Gaming Innovation Group, has commended the company’s ‘strong start’ following a 64 per cent increase in revenues to €18.3m. “The first quarter of 2021 is a strong start to the year and another positive step forward for Gaming Innovation Group, with strong results driven from the work and strategic initiatives pushed…

US – Caesars’ shares rise 7.7 per cent after detailing strong demand on the Strip

Shares in Caesars Entertainment soared by 7.72 per cent in premarket trading after Caesars officials detailed how demand on the Las Vegas Strip and other regional casinos was coming back. In the company’s operating results for the first quarter, Caesars has recorded net revenues of $1.7bn, an increase of 259.2 per cent on a GAAP…