THU, 23RD FEB 2017

In-Depth Analysis for the gaming industry

Financial News

23rd February
Playtech announces record results for 2016
Industry provider Playtech has reported impressive growth in its 2016 full-year results, with revenue rising 20% at constant currency to €708.6m,...
22nd February
Yggdrasil report impressive full-year and quarter four results
Yggdrasil recently released its impressive quarter four and full-year results for 2016. The company’s fourth-quarter revenues increased by 207%...
21st February
MGM China release quarter four and full-year results
MGM China Holdings Limited recently announced the selected financial data of the Company and its subsidiaries for quarter four of 2016...
21st February
Cherry announces surging growth as Holmgren named CEO
Stockholm-headquartered Cherry AB has announced an increase in group revenue of 109% in its full-year results for 2016, climbing to 1,102.4...
16th February
Borgata Casino and New Jersey reach tax appeal settlement
New Jersey has agreed to pay $72 million Atlantic City's Borgata casino to in order to settle a long-running tax dispute....
16th February
NetEnt record sales pushed by mobile gaming in Q4
NetEnt has announced that its full year sales for 2016 increased by 28.5% to a record £130.8m. The company’s operating profit...
15th February
Weak fourth-quarter margin hit Kambi’s closing year results
Nordic Nasdaq-listed sports betting platform and software supplier Kambi Group is the latest industry stakeholder to post its Q4 2016 results,...
14th February
Kindred Group reaches all-time high in the fourth quarter
Stockholm-listed sports betting operator Kindred Group Plc has announced in its year end report that its annual sales from gross winnings...
6th February
Kenny Alexander exclusive: "We are confident in GVC’s continued growth and resilience"
Kenny Alexander, CEO of GVC Holdings, sits down with Gambling Insider to discuss the details of the company’s latest Trading Update,...
2nd February
GVC seize a successful January following a promising Q4
GVC Holdings Plc has announced that Q4 2016 produced the highest revenues of the year, with a 7% increase per day...
1st February
Macau gaming revenue only up 3.1% in January
Macau’s gross gaming revenue grew only 3.1% in January to $2.4bn. Although casino revenue increased, extending the industry’s recovery...
27th January
Chinese New Year set to boost Macau’s revenues
Investors are becoming more positive about Macau following a two-year slump in the world's biggest gambling hub. Operators are predicting to...
26th January
As costs continue to rise, Rank Group's first half-year core profits fall
Casino operator Rank Group Plc has released its half-year results for the six –month period ending December 31 2016. ...
23rd January
Paddy Power Betfair sees 2016 earnings hit mid-point
Paddy Power Betfair sees 2016 earnings hit mid-point Updating investors, Paddy Power Betfair announced on Monday that revenue in...
20th January
Amaya updates guidance ranges for 2016 as CFO retires
Today Amaya updated its previously announced guidance ranges for the full year of 2016, quarter four highlights, and the retirement of...
19th January
Caesars finally settles $18bn bankruptcy case
Caesars Entertainment Corporation has been given the go-ahead to finalise its $18bn bankruptcy case, with the company now set to focus...
17th January
Atlantic City breaks ten year losing streak all thanks to online gambling
New Jersey’s casino industry has just broken a ten year losing streak after posting a moderate 1.5% increase in revenues for...
13th January
Paysafe profits for 2016 set to hit $300m for the first time
Paysafe Group shares edged higher today after the FTSE 250 listed payment provider issued an ‘unaudited’ full-year trading update, stating that...
11th January
Amaya creates new financial agreement with former PokerStars owners
Amaya Gaming, Canadian poker operator, has signed a new financial agreement with Isai and Mark Scheinberg, former owners of PokerStars. On...
9th January
Amaya amends Rational Group payments plan
Technology-based products and services provider, Amaya Inc has confirmed that it will pay its $197.7m balance relating to the deferred purchase...
9th January
William Hill updates full year outlook as difficult December impacts profits
British operator William Hill has issued a full-year profit warning in its latest trading statement, as “customer-friendly” results in the football...
3rd January
Macau experiences third successive year of decline
The Gaming Inspection and Coordination Bureau recently published Macau’s final 2016 gambling revenue figures, revealing an accumulated gross revenue decline of...
28th December
UK National Lottery reaches new record of winning tickets in 2016
Camelot, operator of the UK National Lottery, recently announced that it has given away a record number of jackpot tickets this...
28th December
Pennsylvania warns Sands not to neglect tax obligations
Last week, casino operator Las Vegas Sands refused to pay the $10mn host fee for its Pennsylvanian casino in Bethlehem. However,...
20th December
Paysafe launches £100m share buyback programme
UK-based payments services company, Paysafe Group has confirmed that it intends to begin an inaugural share buyback programme of up to...
15th December
Catena Media acquires US online affiliate assets
Stockholm Nasdaq-listed Catena Media has entered the regulated US online gambling market by confirming the acquisition of licensed affiliate website assets...
15th December
888 expected to achieve full-year target
888 reported that adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) will be in line with expectations for the year...
14th December
Betfred completes £195m refinancing
Betfred has successfully refinanced to help fund the purchase of 322 shops for £55m from Ladbrokes Coral as a result of...
13th December
GambleAware reports the cost of problem gambling to the UK Government
GambleAware, a charitable trust which promotes responsible gambling, has reported that problem gambling costs the UK Government between £260 million and...
7th December
Playtech announces €50m share buyback programme
Playtech Plc has informed investors that it plans to issue a six million ordinary share buyback programme, representing approximately 1.85% of...
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