Business
November 8, 2022
Playtika Holdings Reports Stable Revenue and a Drop in Net Income for Q3
At the beginning of August, NASDAQ-listed mobile gaming entertainment and technology company Playtika Holdings reported a stable revenue for Q2 2022 along with a net income drop of around 60%. Now, the company has published its third-quarter results for the period ending September 30. Among the most important markers highlighted by the report, we can […]
Industry
November 4, 2022
Betr to Launch in Indiana with Caesars and EBCI
Betr, the world’s first micro-betting app, will launch in Indiana thanks to its agreement with a Caesars property in the state. The deal is yet to be approved by the local regulator. Betr Prepares to Launch in Indiana Betr is preparing to launch in Indiana through an agreement with Caesars Southern Indiana, a Caesars Entertainment […]
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 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
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 2, 2022
Melco’s Q3 Report Signals 46% Drop in Revenue
Toward the end of October, Melco Resorts & Entertainment announced it was getting ready to recruit 1,000 employees to fill in the new positions for its new Mediterranean project in Cyprus. Now, the company has made its unaudited third-quarter earnings for 2022 public, signaling a 46% decrease in total operating revenue. Strict Traveling & Covid-19 […]
Industry
November 2, 2022
SCCG Confirms Intent to Invest in Bettor Fantasy
SCCG founder and CEO Stephen Crystal has said that his company will back Bettor Fantasy, a fantasy betting platform and brand. Moving forward, SCCG will provide capital investment, offer strategic advisory services, and not least, draw a business development plan to help the fantasy platform grow and reach new audiences. SCCG to Invest in Bettor […]
Business
November 2, 2022
Caesars Reports Strong Q3 2022 Results, Flamingo Sale Off
Caesars Entertainment reported its third-quarter results on Monday, encompassing the three-month period that ended on September 30, 2022. The company saw sustained improvement across the board with GAAP net revenues hitting $2.9 billion compared to $2.7 billion over the same period from a year before. GAAP net income also improved for the company and stood […]
