Industry
November 16, 2022
Codere Online’s Q3 Net Loss Increased Despite Revenue Growth
Online gaming operator with a focus on Spain and Latin America Codere Online published its financial results for the third quarter of 2022, posting €28.9 million ($30 million) in total revenue and €11.6 million ($12 million) net loss. Total Revenue Growth Nasdaq-listed Codere Online posted for the three months ended September 30, 2022, a 51% […]
Business
November 16, 2022
Sportradar Posts Q3 Results, Improves Guidance
Sportradar, a leading B2B global sports betting technology company, has published its financial results for the third quarter of 2022. The company’s performance highlighted its strengths as metrics rose across the board. Sportradar’s Metrics Rose Sportradar reported Q3 revenue of $175.2 million, which represents a 31% year-on-year increase compared to Q3 2021. The final sum […]
Business
November 16, 2022
Elys Game Technology Enjoys Strong Third Quarter
The interactive gaming and sports betting technology company, Elys Game Technology, released a trading update Tuesday. The latest report revealed data regarding the company’s financial performance for the three months and nine months ended September 30, 2022. Elys Releases Q3 Results The company revealed its revenue in the third quarter this year hit $9.6 million, […]
Business
November 16, 2022
Aristocrat Posts Solid Q3 Performance as Growth Accelerates
Aristocrat, the global gaming giant, has posted its latest quarterly results for the three-month period ending on September 30, 2022. According to the latest numbers, the company’s EBITDA increased by 20% to AU$1.85 billion ($1.25 billion at the time of writing). Net profit after tax also jumped by 13.9% and ended at $AU1.05 billion ($710 […]
Business
November 15, 2022
GAN Suspends FY Guidance Amid Uncertainties
Award-winning supplier of enterprise Software-as-a-Service solutions for iGaming and online sports betting apps GAN Limited has reported a relatively flat revenue for the third quarter, compared to last year’s results for the same quarter. This, together with the ongoing market uncertainty has convinced the company that has deployed its GameSTACK platform in the US and […]
Business
November 15, 2022
Galaxy Gaming Reports 12% Revenue Increase to $5.9M in Q3
The leading casino table games and electronic betting systems distributor, Galaxy Gaming, released its financial results for the third quarter of 2022. Galaxy Gaming Posted Its Third Quarter Results Judging by the recent figures, the company’s revenue hit $5.9 million for the three months ended September 30 this year. When compared to the corresponding period […]
Industry
November 15, 2022
Nevada Employers Brace for $12 Minimum Wage
In Nevada, some hourly workers will receive larger wages as a ballot measure to increase the minimum wage in the state of Nevada to $12 an hour is about to pass. The Majority of Voters Supported the Raise of the Minimum Wage On Friday, 54.5 percent of voters supported the change in the constitution to […]
Casino
November 11, 2022
MGM Resorts Lends $750M to Macau Subsidiary
MGM Resorts agreed to provide its Chinese subsidiary with a loan of $750 million. The money will help MGM China push through the difficult times caused by the trouble in Macau’s gaming market. MGM Lent $750M to Its Chinese Arm MGM China has been struggling to deal with the ongoing situation in the special administrative […]
Business
November 11, 2022
Tennessee Sportsbooks Set Record $405M Handle in October
Legal sportsbooks in Tennessee reported strong results last month, hitting $405.3 million in sports betting handle, a new record for the state. Tennessee Sportsbooks Collect Record Wagers in October Details released by the gambling regulator in the state, the Tennessee Sports Wagering Advisory Council (SWAC), reveal that the total sports betting wagers in October hit […]
Casino
November 11, 2022
Galaxy Entertainment Group: Q3 Impacted by Casino Closures
Galaxy Entertainment Group (GEG) filed to the Hong Kong Exchange an announcement on certain unaudited key performance indicators for the quarter that ended on September 30, 2022. Revenue Slumped, Outperformed Industry GEG’s announcement revealed that the company and its subsidiaries registered in the third quarter of 2022 group net revenue of HK$2 billion ($255 million), […]
