Finance
Loto-Québec revenue falls 51.4% in Covid-hit first half
Canadian provincial lottery and gaming operator Loto-Québec saw its revenue for the first half of its 2020-21 fiscal year fall 51.4% year-on-year, after operations were…
Chinese restrictions slow MGM Resorts recovery in Q3
MGM Resorts saw its regional US properties begin to recover from their novel coronavirus (Covid-19) shut-down in the third quarter, though continuing restrictions in Macau…
State of the Union: NV, Penn, NBA and more
This week’s State of the Union, in partnership with Segev LLP, includes financial results from a variety of the US’s major regional casino players –…
Penn National Gaming bounces back with record earnings in Q3
Penn National Gaming saw revenue decline 16.6% in Q3, though earnings reached record highs as the business emphatically bounced back from the novel coronavirus (Covid-19)…
RI retail betting continues to outstrip mobile in September
The Rhode Island Lottery reported a slight year-on-year decline in sports betting revenue – but month-over-month growth – for September, as retail continued to outperform mobile wagering.…
Golden Nugget Online Gaming sees revenue grow 92% in Q3
Golden Nugget Online Gaming posted a 91.9% rise in net revenue for the third quarter of the year, and revealed that it expects to finalize…
Net profit rockets 191.9% at CDI after online betting growth in Q3
Churchill Downs Incorporated (CDI) has reported a 10.3% year-on-year increase in net revenue in the third quarter, as growth within its online betting business also…
Nevada casinos enjoy strongest month since February
Nevada casino revenue grew 10.5% from August but remained down 22.4% year-on-year, as low margins did not stop the state moving back towards normality following…
Cost cutting helps Red Rock post Q3 profit
Casino operator Red Rock Resorts said that despite third quarter revenue falling 24.2% year-on-year, l0wer costs helped it post a profit for the period Net…
Twin River to acquire Tropicana Evansville from Caesars
Twin River Worldwide Holdings has agreed to acquire the Tropicana Evansville Casino in Indiana from Caesars Entertainment. The property will be sold to real estate…
NeoGames aims to raise $90m through Nasdaq listing
Online gambling and lottery solutions provider NeoGames has announced plans to raise up to $90m through an initial public offering (IPO) in the US. NeoGames…
Boyd continues to feel Covid-19 impact in Q3
Casino operator Boyd Gaming said novel coronavirus (Covid-19) weighed on its third quarter performance, reporting a 20.4% year-on-year drop in revenue for the period. Group…
Pennsylvania Gaming Dashboard – October 2020
Pennsylvania’s igaming market hit new highs in September for the second consecutive month, with both slots and table games both enjoying record-breaking performances. iGaming Business…
CO September betting revenue declines despite record handle
Colorado sportsbooks took in revenue of $4.2m in September, down 44.6% month-on-month, even as betting handle continued to shoot up beyond $200m, as low margins…