Business
October 31, 2022
RAS Reports Spectacular Q1 Revenues
Racing and Sports (RAS), a tech, data, digital and media company that serves the horse racing industry, has posted record-breaking Q1 financial results in its native market. The company’s revenue increased by 62% thanks to a successful business strategy. RAS’ Revenues Skyrocketed In Q1 of the new fiscal year, Racing and Sports reported revenue of $1.82 million (converted […]
Industry
October 28, 2022
Tech Stocks Going Down as Investors Hedge against Recession
A series of disappointing quarterly results saw investors dump stock of two of the largest tech companies, Meta and Google, while gambling tech stocks show little signs of recovery. Meta Share Price Meltdown A sluggish third-quarter report from Meta was the final straw that broke the camel’s back as investors, concerned about the global economic […]
Industry
October 28, 2022
Nevada Gaming Retains Momentum in September
The Nevada Gaming Control Board released its traditional monthly update on the state’s gambling industry. September retains the momentum inherited by previous months, reporting a year-on-year revenue increase of 8%. If the trend continues, the Silver State should easily surpass 2021’s record-setting profits. Another Excellent Month for Operators September is the 19th month in a […]
Business
October 28, 2022
Red Rock Resorts Publishes Q3 Results
Red Rock Resorts, the NASDAQ-listed holding company that manages Station Casinos LLC and owns an indirect equity interest in it, has published its Q3 results. The company has reported an “effectively flat” revenue on a year-on-year basis compared to Q3 2021. It also signaled a 19% rise in new income and a 1.4$ drop in […]
Business
October 28, 2022
GLPI Posts Strong Q3 Results, Boosts Guidance
Gaming and Leisure Properties (GLPI), a real estate investment trust focused on real property assets for gaming operators, has published its Q3 2022 results. The company recorded slightly higher revenues and a significant profitability increase. A Profitable Quarter for GLPI In Q3 2022, GLPI’s revenues increased to $333.8 million, which represents an 11% year-on-year increase. […]
Business
October 27, 2022
Kindred Expects Strong Year despite Q3 Decline
Online betting and iGaming operator Kindred Group released its official Q3 earnings statement, detailing the company’s current financial status and prospects. The Stockholm-listed operator’s year-on-year revenue dropped by 7%, but the management team remains confident in future success thanks to the strong Netherlands launch and the upcoming World Cup. Financial Results Were Less than Stellar […]
Business
October 27, 2022
Churchill Downs Reports 4.5% AEBITDA Rise
At the beginning of September, horse racing company and owner of Churchill Downs racetrack Churchill Downs Incorporated (CDI) signed a strategic deal with FanDuel, agreeing to supply the operator with services and technology that would allow customers to place pari-mutuel bets on races by the CDI. During the same time, Churchill Downs also announced it […]
Business
October 27, 2022
Evolution Revenue in Q3 Soars by 37% Hitting €378.5M
The leading B2B solutions provider for the online gambling industry, Evolution, released its latest trading update Thursday. Evolution’s Third Quarter Revenue Increased by 37% The recent report outlined the company’s financial performance for the period between July and September or the third quarter. In Q3 this year, Evolution reported €378.5 million ($380.4 million) in operating […]
Business
October 26, 2022
Svenska Spel Revenue Decreases in Q3 by 1% to $178.7M
The state-owned company that operates in the Swedish regulated gambling market, Svenska Spel, released its latest interim report outlining the financial performance for the third quarter of this year. Svenska Spel Revenue Dips by 1% In Third Quarter On Wednesday, the company revealed that its net gaming revenue for Q3 this year halted at SEK […]
Casino
October 26, 2022
Report Highlights Mohegan’s Economic Impact
Entertainment and gaming leader Mohegan published a new report, highlighting the economic impact of its properties. The company said that its venues generated a total of $5.2 billion in local economic activity within a year. Mohegan Commissioned an Inaugural Economic Impact Report Mohegan published the results of its first Economic Impact Report, a study conducted […]
