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Financial News

18th October
MLB annual revenue could increase by $1.1bn from sports betting
MLB annual revenue could rise by $1.1bn thanks to legalised sports betting, according to a study commissioned by the American Gaming...
18th October
World Cup boosts GVC Q3 results as new CFO is announced
GVC Holdings saw a 28% growth in net gaming revenue (NGR) during Q3 2018, including a 31% increase in sports brands...
18th October
Rank Group announces fall in revenue despite digital boost
Rank Group has announced a 4.9% fall in year-on-year revenue for the 16-week period ending 14 October, excluding the performance of...
16th October
Macau casino stock prices fall
The stock price of Macau’s top six casinos has fallen 40% on average since June, sparking concerns of a decrease in...
15th October
New NFL season drives September revenue growth in New Jersey
New Jersey gaming revenue grew 20% year-on-year to $281.7m for September, aided by “explosive growth in sports wagering.” Based on filings from...
11th October
Detroit casinos generate $355m in revenue during Q3
Detroit’s three casinos reported aggregate revenue of $355m for Q3 this year, an increase of 3% for year-on-year figures. However, while September aggregate...
10th October
New Jersey casinos receive sports betting tax boost
The Governor for New Jersey, Phil Murphy, has signed off on a bill that will share legal sports betting revenue with...
10th October
Ohio’s September gaming revenue hits $152.2m
Revenue from Ohio’s casinos and racinos totalled $152.2m in September this year, a 4% increase for year-on-year figures.   The state's seven,...
10th October
New operation to suppress money laundering in Macau casinos
A fresh operation against money laundering in Macau casinos was launched on Friday last week and brought immediate results. The Judiciary Police,...
3rd October
SG Digital announces new CFO
Scientific Games has appointed Alexander Ambrose as CFO of the supplier’s SG Digital division. Ambrose's previous roles include Finance Director of Ash...
3rd October
Nektan announces 65% revenue increase for Q1
Nektan has announced record results for Q1 for the financial year ending 30 June 2019. Between July and September, the supplier saw...
2nd October
NHL annual revenue could increase by $200m+ from sports betting
Annual NHL revenue could increase by $216m due to the impact of legal, regulated sports betting, according to a study commissioned...
1st October
Macau casinos' monthly revenue growth slows for September
Monthly gross gaming revenue (GGR) for Macau casinos increased year-on-year in September – but only by 3% to MOP21.95bn ($2.72bn). The region's...
28th September
GAN records £2.9m loss for H1
GameAccount Network (GAN) has recorded a loss after tax of £2.9m for the six months ended 30 June. A trading statement released...
27th September
Gaming Realms reduces pre-tax loss despite sharp fall in revenue
Gaming Realms has reduced its pre-tax loss during the first half of 2018, despite a 27% year-on-year decline in total revenue...
27th September
888 profits rise as focus shifts from UK to US
888 Holdings profits have risen, with US opportunities and less of a dependency on the...
26th September
Sweden gambling market growth slows
Sweden has seen its gambling market growth rate decrease, according to statistics released by the Swedish Gambling Authority. The market grew by...
25th September
Metric Gaming secures $10m for US ventures
Metric Gaming has managed to complete a $10m funding round to help position the company in the US gaming market. All of...
24th September
XL Media revenue and profit falls
XL Media has released its interim results for the six months ended 30 June, revealing declining revenues, profits and adjusted EBITDA. The...
24th September
Ritz Hotel Casino reports pre-tax loss for 2017
The Ritz Hotel Casino in London has reported a pre-tax loss of £11.7m ($15.3m) for 2017. The loss follows a pre-tax profit...
19th September
GAN predicts record revenue and growth in 2019
GAN is performing “in line with market expectations”, according to the company’s latest trading update that also predicts record revenues and...
18th September
Affiliates RSVP for AffiliateCon’s Great American Huddle in Las Vegas
AffiliateCon: The Great American Huddle has been announced for Tuesday 9 October at 9:30pm with drinks sponsored by Trafficology, and shisha,...
18th September
AGA research: Gaming industry contributes $261bn to US economy
The gaming industry contributed $261bn to the US economy in 2017, according to a study released by the American Gaming Association...
17th September
The Stars Group reports huge rise in SBG revenue and operating profit
Sky Betting and Gaming (SBG) saw its revenue increase by 30% to £670.4m for the financial year ending 30 June. In an...
17th September
Global Gaming appoints first Operational CFO
Global Gaming has appointed Michael Gatt to the newly created role of Operational Chief Financial Officer for its subsidiaries in Malta,...
13th September
GVC hails “significant progress” as profits increase 17%
GVC Holdings has hailed “significant progress” during the first half of 2018, with the company seeing profits increase by 17% following...
13th September
New Jersey gaming revenue up 24% in August
New Jersey’s casinos experienced a fruitful month in August, which saw a 24% increase in gaming revenue year on year to...
11th September
Macau gambling profit shot up for 2017
The Macau gaming industry amassed profit of 157.74 billion yuan in 2017 ($23bn), an increase of 19%, despite a decline in...
10th September
Delaware sports wagering revenue increases in August
The Delaware Sports Lottery has recorded a 53% increase in net revenue from sports betting in the state's second full month...
10th September
Revenue continues to rise at Ohio casinos
Gaming revenue at Ohio’s four state-approved casinos increased 5% year-on-year in August to $70.3m. The four casinos in the state are shared...
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