Industry
November 4, 2022
Super Group on Track to Deliver on Its 2022 Guidance
The parent company of betting and gaming brands Betway and Spin, Super Group, released an update on its business performance, affirming its previous 2022 revenue and adjusted EBITDA guidance. Maintaining Previously Stated 2022 Guidance Ahead of its third-quarter earnings report, Super Group believes it is firmly on track to deliver results in line with its […]
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 […]
Casino
November 4, 2022
LeoVegas Posts Slight Drop In Revenue before MGM Takeover
LeoVegas AB, the Swedish mobile gaming company, released its latest trading update, revealing details regarding the company’s performance during the third quarter of 2022. The new update comes ahead of the completion of the acquisition of LeoVegas by MGM Resorts International and it may be the last financial update before the completion of the takeover. […]
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
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
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
MGM Posts Q3 Results, Enjoys 26% Revenue Growth to $3.4bn
The global hospitality and entertainment company, MGM Resorts International, released its latest results, outlining the performance for the third quarter of 2022. MGM Resorts Revenue Soars in Q3 On Wednesday, the company unveiled its unaudited results, acknowledging that it has seen strong growth in the three months ended September 30, 2022. Total net revenues in […]
