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Financial News

13th December
New Jersey gaming revenue up 25% for November
New Jersey's total gaming revenue for November rose 25% year-on-year to $257.4m. The Garden State saw casino win grow 13% to $209.2m,...
10th December
Remote betting powers GB gambling revenue increase as betting shops take a hit
Total gross gaming yield (GGY) for the British gambling industry increased 4% to £14.41bn ($18.27bn) for the year to the end...
5th December
Kenny Alexander exclusive: In three years, I want GVC's share price to be £20
GVC Holdings CEO Kenny Alexander is aiming to raise the company's share price to £20 ($25) within three years. In an exclusive...
4th December
Bargaining power has shifted away from gaming, says consultant
Finance and Tax Consultant Viktoria Soltesz says bargaining power has "changed completely" among banks and industries such as online gaming. Speaking at...
3rd December
Macau casinos post 28th consecutive month of growth
Macau’s Gaming Inspection and Coordination Bureau announced monthly casino revenue of MOP25bn ($3.1bn) for November; a 9% increase year-on-year. The results provide...
28th November
Nevada gaming and sports betting revenue rise in October
Total gaming revenue in Nevada saw a 7% year-on-year rise to $1.06bn for the month of October. This was helped by sports...
27th November
Intralot reports nine-month EBITDA fall and Q3 losses
Intralot Group has announced a 1% year-year-on growth in revenue for the nine-month period ended 30 September, to €798.6m ($903.6m). The supplier’s...
23rd November
Playtech thanks Teddy Sagi for "important input" after founder sells remaining shares
Playtech founder Teddy Sagi has sold his remaining shares in the company, the supplier has confirmed to Gambling Insider. Sagi had been lowering...
23rd November
New acquisition boosts Better Collective's Q3 results
Better Collective grew revenue 68% year-on-year to €11.1m for Q3, as revenue received from online US sports betting made an impact. Operating...
22nd November
Macau’s GDP growth slows in Q3 as gaming export growth eases
Macau’s gross domestic product (GDP) grew by 1% in Q3 of 2018, impacted by a slowing in growth of gaming service...
22nd November
Rhode Island sports betting set for Monday after months of delay
Rhode Island’s first sport wagers will be accepted on 26 November at Twin River Casino in Lincoln. At 3pm, Speaker of the...
21st November
Bet365 continues to grow profits as CEO becomes highest paid UK boss
Bet365 posted gross profit of £2.45bn ($3.13bn) for the 52-week period ending 25 March 2018, rising 24% year-on-year. Operating profit grew by...
20th November
No new regulations in place for bitcoin as its value continues to fall
The price of bitcoin has continued to plummet, dropping by 10% to below $4,500 for the first time in 2018. The swift...
20th November
New Jersey performance boosts GAN's Q3
GAN has grown its Q3 revenue 40% year-on-year to $26.7m, aided by the launch of its platform with its second New...
16th November
CG Technology agrees $2m fine with Nevada Gaming Commission
The Nevada Gaming Commission (NGC) has accepted a $2m proposed settlement by CG Technology for violations related to problems with its...
16th November
New Jersey gaming revenue and sports wagering grow in October
New Jersey’s total gaming revenue for October grew 16% year-on-year to $239m. The Garden State saw 8% growth in casino win to...
15th November
Delaware sports betting revenue and total wagers both fall in October
Delaware sports betting revenue fell from $3.6m in September to $500,000 in October, with the amount wagered also falling 13% to...
15th November
Camelot increases National Lottery sales in first half of 2018/19
Camelot announced National Lottery ticket sales of £3.46bn ($4.5bn) for the six months ended 29 September, an increase of £175.9m year-on-year. The...
15th November
Small decrease in Jackpotjoy Q3 gaming revenue offset by 40% Vera&John growth
Jackpotjoy Group has reported an 8% year-on-year rise in Q3 gaming revenue to £77.8m ($99.8m). The operator also posted an adjusted EBITDA...
13th November
Typhoon Mangkhut estimated to have cost Macau casinos $119m
The Macau Statistics and Census Service has estimated Typhoon Mangkhut cost the country's gambling industry MOP 960m ($119m). On 15-17  September, casinos...
12th November
Playtech set to hit EBITDA target
Playtech said it remains on course to achieve adjusted EBITDA of between €320m ($360m) and €360m for 2018. The supplier has released a trading statement...
9th November
Golden Entertainment posts net loss despite significant Q3 revenue rise
Golden Entertainment has reported a 95% year-on-year rise in Q3 revenue to $210.3m. However, the operator also posted a net loss of...
9th November
Unlicensed operators drive gaming revenue growth in Swedish market
The Swedish gaming regulator has reported gross gaming revenue of SEK16.8bn ($1.8bn) in the first three quarters of 2018, an increase...
9th November
AGS revises 2018 outlook following company-record Q3 revenue
AGS has reported company-record revenue of $75.5m for Q3, a year-on-year increase of 34%. The supplier’s success in the third quarter was...
9th November
Eldorado Resorts posts small net revenue increase following acquisitions
Eldorado Resorts has reported a 3% year-on-year rise in Q3 net revenue to $487.3m, excelling in its South, East and Central...
8th November
NYX boosts Q3 revenue growth for Scientific Games
Scientific Games has reported a 7% year-on-year rise in Q3 revenue to $821m, thanks to $46.5m in revenue from NYX Gaming...
8th November
Tribal gaming added $105bn to US economy in 2016
The American Gaming Association (AGA) has released a study detailing the economic impact of tribal casinos in every state where it...
8th November
Wynn Resorts Q3 revenue soars in Macau as Las Vegas declines
Wynn Resorts has reported a 10% year-on-year increase in operating revenues for Q3 to $1.71bn. However, figures for Wynn Resorts’ Macau and...
8th November
SkyCity sells Darwin casino to US operator
SkyCity's Darwin Casino and Resort has been sold to US hospitality company Delaware North for A$188m ($137m). The company from New Zealand...
7th November
Acquisitions drive 74% revenue growth for The Stars Group in Q3
The Stars Group has reported a 74% year-on-year increase in Q3 revenue to $571.98m. In its consolidated Q3 summary, the operator attributed...
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