Business
November 3, 2022
Sega Sammy Holdings Sales Soar Despite Profit Downturn
Sega Sammy Holdings, the prominent Japanese gaming giant which builds products for the video gaming and land-based gambling industry, has reported its latest financial results. The company has focused on the six months that ended on September 30, 2022. During the period, the company saw a 19.9% decrease in profit to JPY9.62 billion ($65.3 million). […]
Industry
November 3, 2022
Fitch Ratings Updates 2023 Outlook for Las Vegas Strip Casinos
Indeed, you can have too much of a good thing, and Fitch Ratings Services predicts that Las Vegas Strip casinos might have reached their peak in 2022. The 2023 outlook analysts had for Las Vegas initially had gaming as a stronghold but it seems growth rates have been somewhat unsustainable. Small Adjustments to Expectations Following […]
Business
November 3, 2022
Despite Net Loss Widening, RSI Continues to Improve Revenue
Rush Street Interactive has reported its third-quarter results for the period ending on September 30, 2022. The company, which focuses on sports betting and online casino products in the United States and the Americas, has had much to be happy about, the report noted, although some subdued performance still persisted. Net Loss Nothing to Worry […]
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
GamCare to Host a Chat amid Talk Money Week
GamCare, an independent charity that supports gambling harm victims across Britain, has confirmed its intentions to support Talk Money Week 2022. The charity believes that the event is especially relevant amid the ongoing cost-of-living crisis. GamCare Understands People Are Struggling with Money Talk Money Week is an annual event organized by the Money and Pensions […]
Industry
November 1, 2022
National Lottery Q2 FY23 Funds for Good Causes Hit £501.8m
The Gambling Commission in the UK released the quarterly report keeping track of the National Lottery’s contribution to good causes report showing that funds in the second quarter of FY 23 have increased. Overview and Comparison Funds that were raised by the National Lottery for good causes need to be allocated to the National Lottery […]
Business
November 1, 2022
TRLEI Will Delay Announcement of Q3 Results for Okada Manila
The operator of the Okada Manila Casino Resort, Tiger Resort, Leisure and Entertainment Inc (TRLEI), is delaying the official announcement of its financial results for the period from July to September 2022 due to the violent takeover of the property by the group led by Japanese billionaire and founder of the resort Kazuo Okada in […]
Industry
November 1, 2022
Macau GGR Declined by 10.7% in October
The gaming industry in the special administrative region of Macau continues to struggle with the aftermath of the pandemic. The Macau Gaming Inspection and Coordination Bureau just reported how gambling performed in October. While the results are not great, they show that there might be hope for recovery. The Bureau Posted the October Results According […]
Sports
October 31, 2022
TAB NZ Reports $6.6M in Profit for September
New Zealand’s only racing and sports betting agency, TAB NZ, released its latest trading update, revealing figures for its performance in September this year. TAB NZ Reveals Data for Performance in September The agency revealed that the trading update for September 2022 is the second monthly trading update as a part of the 2022/2023 financial […]
Business
October 31, 2022
SJM Reports Drop in Net Gaming Revenue for Q3
Owner, operator, and developer of integrated entertainment reports and casinos in Macau SJM Holdings Ltd has published the financial results for the third quarter of 2022 along with a series of selected unaudited key performance indicators for the nine months that ended 30 September. The parent company of concession holder SJM Resorts has reported a […]
