Business
November 11, 2021
Codere Shares Its Operating Results for Q3 of 2021, Shows Signs of Recovery
Codere, a Spanish gaming company, reports massive revenue growth in Q3 of 2021 and its restructuring deal through which creditors will take control is set to be finalized on November 19. The agreement on debt-for-equity was scheduled to be completed on November 5, but it was pushed back by 14 days. The Revenue of Codere […]
Industry
November 9, 2021
November Starts Slowly for Macau’s Casinos as GGR Gains Little Ground
Macau daily casino gross gambling revenue (GGR), for the first week in November, was up 12% week-on-week. This was supported by significant recovery of visitor volume to the city. However, GGR was still “lighter than expected,” according to brokerage Sanford C. Bernstein Ltd on Monday. According to the firm, the average daily rate from November […]
Industry
October 26, 2021
Macau Gets a Small Boost in GGR, Could See More Growth
Macau didn’t see any significant uptick in traffic from Golden Week this month, but things improved slightly since then. The average daily gross gaming revenue (GGR) for the third week of October was a big improvement over the prior week, and more increases could be coming. The Macau Grand Prix will be held in November, […]
Industry
October 1, 2021
Las Vegas Strip Traffic Leads to Higher GGR in August for Nevada
August was another good month for casinos and other gaming properties in Nevada. For the sixth consecutive month, the market collectively reported gross gaming revenue (GGR) of more than $1 billion, helping the Silver State continue to rebuild following the COVID-19 disaster. The Strip provided much of the boost, as entertainment venues came back to […]
Industry
September 29, 2021
New Analysis Projects a Higher Rise in US Online Wagering by 2025
A new report by the Wall Street Journal has a much more bullish picture for the US iGaming and sports betting market for 2025 than previously projected. It is authored by Joseph Greff, a J.P. Morgan analyst, who has updated the GGR projections for 2025. According to this report, instead of the originally projected $12.2 […]
Industry
September 28, 2021
August Is Yet Another Month in Low Wagers for Tennessee Sportsbooks
Sportsbooks in Tennessee have extended their drought in August, as they have matched the low in wagers that they recorded in July, according to Play Tennessee. Nicole Russo, a Play Tennessee analyst, stated that, after a summer where Tennessee had ups and downs, it would’ve been nice to see positive results, or in other words, […]
Industry
September 28, 2021
Colorado Records a 16.9% Increase in Sports Betting Handle in August
As the summer has officially ended, Colorado’s sports betting market is enjoying the fruit of its labor, as it had a massive rise in revenue, especially for August. The state managed to rake in a $212 million handle for the month, a whopping 16.9% increase compared to July’s handle, which was $181.3 million. Even though […]
Industry
September 7, 2021
Latest AGA Update Shows US Gaming Worth over $4 Billion in July
July was a great month for the US gaming market and shows clearly why there’s so much interest from operators around the world who want to get involved. According to a new report from the American Gaming Association (AGA), July was good for more than $4 billion in gross gaming revenue in the US, a […]
Industry
July 13, 2021
Macau GGR Rebounds in July, Further Improvement Expected
A significant increase in Macau’s daily gross gaming revenue (GGR) registered in the first 11 days of July is bringing back hopes that the gaming industry will somehow manage to rebound strongly in the second half of 2021 and return to pre-pandemic levels. Daily Average GGR Rebounding Daily GGR from July 1 to July 11 […]
Casino
July 1, 2021
Nevada Casinos Set Records in May as Post-COVID-19 Travel Picks Up
In May, about 2.87 million people visited Las Vegas, a 12% increase compared to April. However, this is still about 22% less than the same period of 2019, according to the Las Vegas Convention and Visitors Authority. A large part of the difference comes from the lack of convention visitors, which in May 2019 made […]