Casino
May 31, 2022
Bloomberry Resorts Is on Its Way to Recovery after the Pandemic
Analysts at investment bank Morgan Stanley recently raised the earnings estimates of Bloomberry Resorts after the Philippines-based operator performed better than expected following Q1 of this year. Bloomberry is now projected to reach 71% of its 2019 EBITDA by the end of the fourth quarter, totaling PHP14 billion ($267.6 million). Bloomberry Is Steadily Returning to […]
Business
May 27, 2022
VICI Stock Attracts Significant Investments during Market Decline
During the first quarter of 2022, Point72 Asset Management, a hedge fund headed by Mets owner Steve Cohen, bought up 633,800 shares of VICI Properties. This comes amidst a slumping market and is likely an attempt by Cohen to adopt a more defensive strategy. Cohen Is Playing It Safe with Low-Risk Purchases It looks like […]
Industry
May 26, 2022
Super Group Posted Disappointing First Quarter 2022 Results
Operating subsidiary of Super Group’s brands Betway and Spin, Super Group Limited (SGHC), released its first quarter 2022 financial results impacted by industry and economic headwinds. SEAH Merger Impact SGHC registered for the three months ended March 31, 2022, a loss after tax of €163.2 million ($174.3 million), as compared to a profit of €38.6 […]
Industry
May 24, 2022
EEG Registered 3Q22 Revenue Growth, Liquidity Problems
Esports Entertainment Group (EEG) announced Monday its fiscal 2022 third quarter earnings report, significantly revising down its previously issued full-year revenue guidance. Growth in Revenue, Gross Profit Hoboken-based full stack esports and gambling operator EEG revealed for the three months ended March 31, 2022, net revenue of $15.7 million, representing an increase of 8% to […]
Business
May 19, 2022
Aristocrat Leisure Fiscal H1 Net Profit Up 48%, Dividends Confirmed
Australia’s famed gambling machine manufacturer Aristocrat Leisure made their Interim Results Announcement and their results are looking “outstanding” as per their own words. The stellar half-year numbers and share prices of Aristocrat have jumped more than 6% at the time of writing. Aristocrat Sees Strong Half-Year Results As per Aristocrat’s 2022 Half-Year Media Release, the […]
Industry
May 19, 2022
Elys Ended Q1 2022 with 14% Less Revenue Year-Over-Year
Interactive sports betting and gaming company Elys Game Technology released its first quarter 2022 financial report to reveal a revenue slump year-over-year and marginal sequential growth. Revenue Decreased due to Italy Land-Based Closures Nasdaq-listed Elys Game Technology generated for the three months ended March 31, 2022 GAAP revenue of $12.2 million, down 14% when compared […]
Industry
May 18, 2022
Sportradar: Strong Q1 2022 Revenue Growth Offset by Expenses
Sportradar Group, the Swiss-based sports data, technology and content company, released its first quarter 2022 financial results posting a decrease in profit despite the strong revenue growth. Revenue across Segments For the three months ended March 31, 2022, Sportradar registered €167.9 million ($176.3 million) in revenue, up 31% on €128.5 million ($134.9 million) the number […]
Industry
May 13, 2022
Codere Online Reported Strong First Quarter Driven By Mexico
Latin American-focused online gaming operator Codere Online posted its first quarter of 2022 financial results, picking up where it left in 2021 with double-digit growth in total revenue and net gaming revenue. Growth in Total Revenue and Net Gaming Revenue Codere Online, a former division of Godere Group which was spun as an independent business […]
Business
May 13, 2022
Genius Sports’ Q1 2022 Brought Strong Growth, Negative EBITDA
Data content and technology company Genius Sports released its 2022 first quarter financial results posting strong growth in revenue across all divisions, yet a negative bottom line reading. Growth across All Business Divisions Genius Sports generated $85.9 million in revenue for the three months ended March 31, 2022, to achieve a growth of nearly 60% […]
Industry
May 12, 2022
MGE’s Q2 FY22 Confirmed Stabilizing Operating Environment
Master developer and operator of premier integrated entertainment resorts Mohegan Gaming & Entertainment (MGE) released its operating results for the second quarter of the fiscal year 2022. Impressive Quarterly Results For the three months ended March 31, 2022, MGE registered net revenues of $358.5 million to post an increase of 28.67% as compared to the […]
