Business
February 27, 2023
COVID-19 Prompted Tribes to Diversify Their Businesses
COVID-19 has exposed the shortcoming of tribal nations’ overreliance on gambling income. In the wake of the terrible pandemic, more and more tribes are looking to diversify their sources of revenue. The Associated Press analyzed the trends and spoke with tribal spokespeople. The Pandemic Highlighted the Need for New Revenue Streams As reported by the […]
Business
February 24, 2023
VICI Properties Announces Record End-of-Year Results
VICI’s savvy choice of investments continues to pay off as its shares keep rising and net income soars. The REIT maintained its momentum during the last quarter, demonstrating substantial boosts across the most relevant metrics. Such impressive financial results provide a stable foundation for the investment trust to provide its shareholders with sustainable growth and […]
Industry
February 24, 2023
FATF Decides to Suspend the Membership of the Russian Federation
The global money laundering and terrorist financing watchdog, the Financial Action Task Force (FATF), confirmed Friday that it has decided to suspend the membership of the Russian Federation. The watchdog confirmed that the country remains accountable for its implementation of FATF Standards and must meet its financial obligations. Despite the decision, the FATF confirmed that […]
Business
February 24, 2023
GLPI Publishes Q4 Results, Sets 2023 Guidance & Dividend for Q1
Gaming and Leisure Properties Inc (GLPI), the NASDAQ-listed company that acquires, finances, and owns real estate property leased to operators as part of triple-net lease arrangements has published its results for Q4 and year-ended December 31, 2022. The company’s board also established its first-quarter dividend for 2023 while introducing its guidance for the new year […]
Business
February 24, 2023
Bally’s Enjoys Exceptional Results in 2022 and Growth for Q4
Details emerged as a part of a trading update released on Thursday which saw the company report fourth quarter revenue of $576.7 million. This result, when compared to the Q4 2021 result of $547.7 million, marked a strong increase of more than 5%. Adjusted EBITDA for the three months ended December 31, 2022, hit $145.8 […]
Business
February 24, 2023
RWLV Posts Strong Q4 Results, Hopes to Bolster Visitation
Resorts World Las Vegas, a casino and hospitality venue owned by Genting Berhad, has recorded record-breaking revenue for Q4 2022. Despite the favorable figures, experts believe that figures could have been even better if not for the various headwinds in 2022. As reported by Genting Berhad, the property saw revenue reach $227 million during the […]
Business
February 24, 2023
Aristocrat Plans Further Growth, Confirms Extension of Share Buy-Back Program
The company confirmed Friday it extends its on-market share buy-back program. This program is part of Aristocrat’s ongoing capital management strategy. It confirmed that since June 2022, the company has bought back some AU$478 million ($324.4 million). However, the buy-back program will now be extended for an additional period. A statement released by Aristocrat on […]
Business
February 23, 2023
CDI Reports Revenue Growth of 13% To Record $1.81B in 2022
Overall, the net revenue reported by Churchill Downs Incorporated (CDI) for the year ended December 31, 2022, hit $1.81 billion, a new record for the company. This result, when compared to the $1.6 billion figure reported in 2021, marked an increase of 13%. Not unexpectedly, the net income reported by CDI in 2022 increased as […]
Business
February 23, 2023
The Star Reports Loss in H1 FY23, Plans to Raise Equity
Australian entertainment and gambling company The Star Entertainment Group released its H1 FY23 results acknowledging net loss and plans for equity raising. The company’s gross revenue for the period was AU$1.01 billion ($689.1 million), while normalized EBITDA was AU$200 million ($136.4 million) and net profit was AU$44 million ($30 million) for the six months until […]
Business
February 22, 2023
Kambi Group Delivers Impressive 2022 Financial Results
Kambi’s Q4 2022 report reveals growth across all key verticals after the hugely successful World Cup. Solid financials, many new partnerships, and expanding growth opportunities provide the company with a solid jump-off point to tackle 2023’s challenges and take the first steps towards its goal of €50 billion gross gaming revenue (GGR) by 2027. The […]
