Finance

6th August 2021

DraftKings raises revenue guidance again but H1 losses grow to $650m

DraftKings increased its revenue guidance again after recording half-year revenue of $609.8m, up 282.3% from 2020, though losses also continued to grow as operating expenses…

6th August 2021

PlayAGS sees significant year-on-year improvement in Q2 results

Gaming machine provider PlayAGS has reported a revenue of $66.8m in its second quarter 2021 results, an increase of 298.1% year-on-year. Results were largely positive…

6th August 2021

Zynga announces acquisitions as it returns to profit in first half

Zynga posted a net profit of $4.8m for the first half of its 2021 financial year after a 63.7% year-on-year increase in revenue during the…

5th August 2021

Accel Entertainment raises guidance after 226.6% revenue growth in H1

Gaming terminal business Accel Entertainment has reported a half-year 2021 revenue of $349.0m in largely successful results for the company. This was a revenue increase…

5th August 2021

Playtika seeks M&A after lower H1 costs help business return to profit

The chief financial officer of social gaming business Playtika said the business is excited about future merger and acquisition opportunities, as slightly higher revenue and…

5th August 2021

State of the Union: theScore, VICI, MGM and more

This week’s State of the Union, in partnership with Segev LLP, is highlighted by two multi-billion-dollar mergers, but also includes financial results from a number…

5th August 2021

Penn National Gaming reports Q2 revenue increase as it announces theScore acquisition

Penn National Gaming has recorded revenue figures of $1.55bn for the second quarter of 2021, in a half-year report that coincided with the company’s acquisition…

5th August 2021

Penn National to acquire theScore for $2.0bn as it seeks own platform

Penn National Gaming has agreed a deal to acquire Canada-based theScore in a $2.0bn cash-and-stock deal, with chief executive Jay Snowden suggesting he plans to…

5th August 2021

Wynn Resorts records year-on-year success in H1 2021

Wynn Resorts has reported a revenue of $1.72bn in a profitable half-year for the company, a rise of 66.1% compared to the half-year 2020 results, which…

5th August 2021

Everi returns to profit in first half as revenue more than doubles to $311.7m

Casino and financial technology company Everi posted a comprehensive profit of $56.9m for the first half of its 2021 financial year after seeing revenue more…

5th August 2021

MGM posts $227.1m net loss in H1 despite revenue growth

MGM Resorts International reported an overall net loss of $227.1m for the first half of its 2021 financial year despite experiencing a 54.0% year-on-year increase…

4th August 2021

VICI to acquire MGM Growth Properties in $17.2bn deal

VICI Properties, the real estate investment trust spun off from Caesars Entertainment in 2017, has agreed to acquire MGM Growth Properties, itself spun off from…

4th August 2021

Losses widen at Caesars despite 615% revenue growth in first half

Caesars Entertainment Inc. saw its net loss increase to $352m during the first half of its financial year, despite experiencing a 615.7% year-on-year increase in…

3rd August 2021

IGT ups 2021 guidance after revenue grows to $1.04bn in Q2

Gaming and lotteries supplier International Game Technology (IGT) upped its revenue and operating profit guidance for 2021 after Q2 revenue grew 73.5% to $1.04bn, while…