France’s success at the FIFA World Cup provided a significant boon for the country’s regulated iGaming marketing during the second quarter of 2018, as sports betting turnover increased by 61 per cent to more than €1bn during the period.
London-listed betting and gaming operator William Hill has reported a net loss of £799.5m for the first half of 2018, despite posting a 3 per cent increase in net revenue, after incurring significant non-cash impairments in the Retail segment following the UK Triennial Review.
New York-listed casino operator MGM Resorts International has reported an 8 per cent increase in net revenue to $2.86bn for the second quarter of 2018, following growth in domestic US resorts and its MGM China operations.
New York-listed racetrack and gaming operator Churchill Downs Inc. has reported a 12 per cent increase in net revenue to $379.4m for the second quarter of 2018, following an improved performance across its Racing, Twin Spires and Casino segments.
Stockholm-listed gaming operator LeoVegas has reported a 76 per cent increase in net gaming revenue to €87.4m for the second quarter of 2018, helping the company generate record profit during the period.
New York-listed supplier Scientific Games has posted a 10 per cent increase in revenue to $844.7m for the second quarter of 2018, marking the company’s eleventh consecutive quarter of year-on-year growth.
Shares in US casino operator Caesars Entertainment Corporation slumped by nearly 15 per cent in New York Wednesday on fears of a slowdown in the Las Vegas gaming market at the start of the third quarter.
Frankfurt-listed online gaming operator bet-at-home.com has reported a 15 per cent drop in net betting and gaming revenue to €52.2m for the first half of 2018, with results continuing to be impacted by its blacklisting in Poland.