Finance

12th May 2023

Mohegan hails digital growth as revenue rises in Q2

The Mohegan Tribal Gaming Authority said year-on-year growth within its digital division in the second quarter helped drive total revenue up 13.2%. Mohegan experienced growth…

11th May 2023

Golden Entertainment revenue stable in Q1

Revenue at Golden Entertainment remained relatively stable for the first quarter of the year, growing by just 1.6% to $278.0m. During the quarter, Golden Entertainment…

10th May 2023

PlayAGS on track to deleverage as revenue hits record $83m in Q1

Gaming equipment and services provider PlayAGS is on track to exit 2023 within its targeted 3.25 to 3.75 debt to EBITDA ratio as it posted…

9th May 2023

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…

9th May 2023

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…

5th May 2023

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…

5th May 2023

Penn expects Barstool acquisition to build on Q1 growth

Penn Entertainment said its acquisition of Barstool Sports in February will build on success in the first quarter and help it achieve further growth, with…

5th May 2023

DraftKings increases FY guidance after Q1 growth

DraftKings raised full-year guidance for revenue and adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) following growth in the first quarter of its 2023…

4th May 2023

RSI on track for profitable second half after Q1 growth

Rush Street Interactive (RSI) remains on track to achieve profitability in the second half of the 2023 financial year following growth during the first quarter.…

3rd May 2023

Delaware sports betting handle continues to decline in March

Player spending on sports wagering in Delaware fell to a seven-month low in March, though the state was able to report an increase in igaming…

3rd May 2023

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…

2nd May 2023

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…

28th April 2023

GLPI posts record revenue in first quarter

Gaming and Leisure Properties Inc. (GLPI) reported record revenue for the first quarter of its 2022 financial year, while the business also experienced a year-on-year…

28th April 2023

PointsBet confirms North American sales talks

Australian gaming operator PointsBet confirmed that the business is “currently in discussion with multiple parties” regarding the sale of its North American business. The company…