Business
November 4, 2022
VICI Properties Plans to Raise $509.9M By Offering 16.5M Common Stock Shares
At the end of June, experiential asset real estate investment trust VICI Properties announced strong total revenue growth during Q2 2022, along with a drop in its net income. Now, the company has expressed its intention to raise $509.9 million by making an underwritten public offering of 16.5 million shares. VICI Properties will also offer […]
Business
November 4, 2022
Golden Entertainment Q3 Revenue Stagnates
Casino operator Golden Entertainment released its quarterly financial report, showing stagnation across several important metrics. However, the company remains optimistic regarding the remainder of the year. This attitude is partly due to the upcoming sale of Rocky Gap Casino Resort, which should provide a substantial injection of capital. Results Were Underwhelming across All Vectors The […]
Business
November 4, 2022
Century Casinos Posts 4% Net Operating Revenue Drop
NASDAQ-listed Century Casinos has announced its financial results for the third quarter that ended September 30. The casino entertainment company that owns and operates numerous casinos, hotels, racetracks, and resorts has published a net operating revenue of $112.55 million, signaling a 4% drop from the $116,61 million reported for Q3 2021. The company also published […]
Business
November 4, 2022
DraftKings Posts Stellar Q3 Results
Daily fantasy sports and sports betting giant DraftKings has posted its financial results for the third quarter of 2022. The company reported a stellar performance and improved its annual AEBITDA guidance accordingly. DraftKings Posted Its Q3 Results According to its Q3 results, DraftKings had revenue of $502 million, representing a 136% year-on-year increase. The company […]
Business
November 4, 2022
APE to Help Jade Entertainment Secure Macau Footprint
Asia Pioneer Entertainment (APE) and Jade Entertainment have entered a new partnership that will allow both companies to benefit and expand their product offerings in Macau. Effectively, APE will deploy its advanced services and technical support with Jade Entertainment. Jade Entertainment founder and CEO Joseph Pisano welcome the opportunity to establish this fresh partnership between […]
Business
November 3, 2022
Nuvei’s Q3 Results Exceed Expectations
Montreal-headquartered global payments technology company Nuvei has reported its revenue for the third quarter of the year. The company posted a slight quarterly year-on-year increase but was negatively affected by currency exchange rates. Nuvei’s Revenues Are Favorable Nuvei said that it earned revenue of $197.1 million for the period, which represents a 7% increase on […]
Business
November 3, 2022
Foghorn Payments Introduces AGCO-Compliant Payment Solution
Foghorn Payments, a leading payment service provider, unveiled details regarding a new iGaming payments solution that is compliant with the gambling regulations in Ontario. Leading Payment Service Provider Rolls Out New Solution The latest announcement came Thursday and delivers a new solution for Canadians called Interac Express Debit. Foghorn’s leading solution enables customers to pay […]
Business
November 3, 2022
ParlayBay and BlueOcean Gaming Form Content Partnership
ParlayBay, a supplier of innovative sports betting titles, has formed a new content alliance with BlueOcean Gaming, which focuses on creating platform solutions for the online casino sector. This will mean that moving forward, ParlayBay will incorporate its entire portfolio of titles with BlueOcean Gaming’s platform, helping it deliver more impactful gamification options for its […]
Business
November 3, 2022
Penn Entertainment Posts Strong Q3 Results
After announcing its Q2 2022 revenue went up 5.2% in Q2 2022 to $1.63 billion in Q2 2022 compared to $1.55 billion, Penn Entertainment has published its Q3 results. The report highlights $1.6 billion in revenue, signaling an 8% year-on-year increase compared to the same quarter in 2021. The company also recorded a net income […]
Business
November 3, 2022
ComeOn Group Announces Two Strategic Director Appointments
The fast-growing iGaming company, ComeOn Group, announced two strategic leadership appointments Thursday. The company revealed it strengthened its leadership team by adding Aaron Lowe as its new director of casino. Additionally, the company’s senior-level team received a boost from the appointment of Jonathan West as director of sportsbook. Aaron Lowe and Jonathan West Join ComeOn […]
