Casino
Nevada gambling revenue edges up year-on-year in April
Gambling revenue in Nevada increased 2.7% year-on-year in April to $1.16bn, but the state also reported an 11.5% month-on-month decline. Revenue was higher than $1.13bn…
Pennsylvania regulator issues $100,350 in fines
The Pennsylvania Gaming Control Board (PGCB) has issued $100,350 in fines following a series of regulatory breaches. Mountainview Thoroughbred Racing Association, operator of Hollywood Casino,…
Vici acquires Century’s four Alberta properties for $164m
Real estate investment trust Vici Properties will acquire the Alberta assets owned by Colorado-based Century Casinos for CAN$221.7m ($164.3m) cash in a sale-leaseback transaction. The…
PA gambling revenue reaches $476.7m in April
Gambling revenue in Pennsylvania climbed 3.3% year-on-year in April but fell short of the monthly record set in March. Total market revenue for the month…
NJ gambling revenue up 9.5% in April despite slots decline
Gambling revenue in New Jersey increased 9.5% year-on-year in April despite a drop in slot machine win, the state’s primary source of gaming revenue. Total…
Michigan revenue takes a tumble after record-breaking month
Commercial and tribal operators in Michigan generated $195.7m from online and sports betting receipts in April, down by 9.5% compared to March. Online gaming contributed…
Oakland A’s signs deal to build ballpark on Bally’s Tropicana property
Bally’s Corporation and Gaming & Leisure Properties (GLPI) have reached a binding agreement with the Oakland Athletics of Major League Baseball, to site their new…
Century Casinos revenue up 5.3% in Q1
Century Casinos has announced net operating revenue of $108.5m for the first quarter of 2023, 5.2% higher than in the same period in 2022. Erwin…
Bally’s raises earnings guidance after Q1 growth
Bally’s Corporation has increased its full-year adjusted EBITDAR guidance following growth in the first quarter of its 2023 financial year. The operator reported “strong” growth…
Full House posts Q1 net loss as higher costs offset revenue growth
US casino operator Full House Resorts reported a net loss for the first quarter of 2023 after a rise in expenses offset a 21.0% year-on-year…
Higher costs offset revenue growth at Red Rock in Q1
Red Rock Resorts reported an 8.0% increase in revenue for the first quarter of 2023, but a rise in spending led to a short decline…
Digital growth helps Caesars cut net loss in Q1
Caesars Entertainment cut its net loss by 80.0% during the first quarter of 2022 following a 23.5% increase in revenue, driven by growth in Las…
Vici Q1 revenue jumps 110.7% yearly in Q1
Vici Properties has reported revenue of US$877.6m (£704.3m/€801.3m) for the first quarter of 2023, a rise of 110.7% year-on-year. The quarter saw Vici acquire the…
MGM returns to Q1 net profit after revenue rises 35.8%
MGM Resorts International returned to net profit in the first quarter of its 2023 financial year after year-on-year growth across all operating segments pushed revenue…