Tag Archives: Financials
Malta – EveryMatrix reports strong 2021 results with EBITDA growing 65 per cent to €19.7m
EveryMatrix has shown strong growth in 2021 powered by past product investments. The company has successfully launched new client brands, expanded its footprint with tier 1 operators and made key progress in the US market. Continued hiring and investment in development have taken place throughout the pandemic. The newly released report shows gross profit, gross…
US – DraftKings increases 2022 revenue guidance
DraftKings has reported revenue of $473m for the fourth quarter of last year, an increase of 47 per cent compared to $322m during the same period in 2020. This revenue exceeded the guidance previously provided by the company during its third quarter earnings conference call on November by eight per cent. Subsequently, the company is…
Malta – GiG revenues up 29 per cent
Gaming Innovation Group has recorded Q4 2021 revenues of €18.2m and an EBITDA of €5.6m. Revenues for the quarter were €18.2m (14.1), an increase of 29 per cent YoY, whilst EBITDA was €5.6m (4.1), up 35 per cent, EBITDA margin increased to 30.7 per cent (29.1 per cent). Revenues in Media Services were at an…
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…
