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Financial News

6th December
Melco Resorts unveils Nagano ski resort hotel plans
Melco Resorts has announced plans to develop a 280-room hotel at a ski resort in Nagano, Japan. The project will see Melco...
5th December
Analysis: The Scandinavian issue
The Gambling Insider newsfeed has been like a Nordic-themed collage in recent weeks – littered with Scandinavian flags. The reasons for such...
4th December
Better Collective sell shares to fund further M & A
Affiliate Better Collective has raised SEK 312m ($32.8m) through a directed share issue of four million new shares, earmarking the figure...
3rd December
Danish Government will increase online gambling tax in 2021
The Danish Government has revealed plans to increase online gambling tax by eight percentage points in its 2020 Finance Act. The government...
3rd December
Veikkaus will lose €30m through 2020 slot reductions
Veikkaus has vowed to remove one-fifth of its slot machines from Finnish shops by the end of 2020 – a total...
2nd December
Spain online gaming revenue up 5% for Q3
Spain's gross gaming revenue (GGR) was €191.7m ($211.5m) for Q3 2019, a rise of 5% year-on-year, and an increase of 7%...
2nd December
Macau’s gaming revenue falls 9% for November
Gross gaming revenue in Macau fell 9% year-on-year to MOP22.9bn ($2.9bn) for November, as the US-China trade war and Hong Kong...
28th November
Gross gambling yield down 0.3% for full year in Great Britain
Gross gambling yield (GGY) in Great Britain fell 0.3% year-on-year for the period between April 2018 and March 2019, totalling £14.4bn...
28th November
Wynn Resorts shareholders awarded $41m settlement
Wynn Resorts shareholders will receive $41m in a lawsuit settlement regarding allegations against the operator’s former CEO Steve Wynn. Shareholders began filing...
27th November
Analysis: Regulators should replicate Gambling Commission and Spelinspektionen’s partnership
The Gambling Commission and Spelinspektionen shook hands over a partnership that will increase cooperation between the two regulators. They are both...
27th November
Maximum €5 stake for Irish gambling machines approved
A new maximum stake limit of €5 ($5.50) has been set by the Irish Government, as it brings in changes to...
25th November
FDJ acquires payment service provider
Française des Jeux (FDJ) has signed a deal with Idinvest Partners to acquire Bimedia, a software publisher that specialises in point...
22nd November
Playtech warns of “highly challenging” sales conditions in trading update
Regulated B2B gambling revenue for the first four months of H2 was up 12% year-on-year at Playtech, with the supplier saying...
21st November
"Dark times" for Global Gaming as Q3 revenue falls 76%
Global Gaming’s Q3 revenue fell a staggering 76% year-on-year to SEK 60.3m ($6.3m). Operating profit for the Swedish company also dropped from...
21st November
William Hill attributes marginal online revenue growth to “regulatory headwinds”
William Hill online net revenue grew 1% year-on-year for the period from 3 July to 29 Oct 2019. A 4% increase in...
21st November
FDJ shares surge after market listing
After making its debut on the stock market, shares in French lottery and sports betting operator Francaise des Jeux (FDJ) rose...
20th November
Analysis: Cool off system needed trialling before FOBT cut
Every gambling machine across the UK’s betting shops will soon feature software designed to pick up on signs of problem gambling...
20th November
Aristocrat yearly revenue up 23% to $3bn
Aristocrat's operating revenue was AU$4.4bn (US$3bn) for the 12-month period ending 20 September 2019, a rise of 23% year-on-year. Profit after tax...
19th November
Online operations boost Pennsylvania’s October results; revenue up 11%
Revenue generated by gaming and fantasy contests in Pennsylvania totalled $283.7m for October, an 11% rise year-on-year. State-wide, sports wagering revenue was...
18th November
Eldorado-Caesars merger approved by shareholders
Shareholders of Eldorado Resorts and Caesars Entertainment have agreed to combine the two companies in a cash and stock merger. In June,...
18th November
Should gaming firms always strive to become public companies?
It’s human instinct to crave recognition once a certain level of success has been attained. For a business, it’s much the...
18th November
Revenue drops 5% for Catena Media despite Q3 profit increase
Catena Media saw its revenue decline 5% year-on-year to €26.4m ($29.2m) for Q3. The affiliate however, managed to prevent a fourth consecutive...
15th November
New Jersey sports betting revenue up 297% for October
Operators in New Jersey generated total gaming revenue of $293.9m for October, a 23% rise year-on-year. Sports wagering revenue saw the biggest...
14th November
IGT Q3 revenue up 3% despite Italian decline
IGT has reported revenue of $1.15bn for Q3 2019, a 3% rise year-on-year at constant currency. Operating income fell 19% to $154m,...
14th November
Camelot lottery sales generate £3.92bn for H1
Camelot, operator of the UK National Lottery, has announced year-on-year increases across the board in its H1 report. Overall ticket sales were...
13th November
Gamesys Q3 revenue up 23% as Jackpotjoy returns to growth
Gamesys Group revenue was £92.4m ($118.6m) for Q3 2019, a rise of 23% year-on-year. In September, JPJ Group acquired Gamesys Holdings Ltd...
12th November
Bragg Gaming Q3 revenue hits CDN $10m as supplier enters US market
Revenue at Bragg Gaming increased 30% year-on-year to CDN $10m (US$7.6m) for Q3. The supplier generated gross profit of CDN $4.3m, EBITDA...
12th November
Lessons from Q3: Sweden and Macau the gaming industry’s current pain points
With so much US growth making headlines at the moment, it’s an exciting time for gaming. But the two most prominent themes...
8th November
Q3 income drops 24% for Genting Singapore as gaming revenue declines
Genting Singapore generated revenue of $596.1m for Q3, a 7% drop year-on-year. Net profit fell even further for the operator, declining 24%...
8th November
AGS posts Q3 net loss despite 5% revenue increase
AGS has reported Q3 revenue of $79.4m, a 5% year-on-year increase, with recurring Q3 revenue up 4% to $52.5m. The supplier sold...
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