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Light & Wonder delivers strong third quarter revenue growth

New York-listed gaming supplier Light & Wonder has reported a 20 per cent increase in consolidated revenue to $648m for the third quarter of 2022, driven by growth across all business segments.

Gaming revenue rose by 24 per cent year-on-year to $419m, buoyed by a 47 per cent increase in Gaming [...]

1 min read

Beleaguered Lottery.com loses another board member

New York-listed Lottery.com has lost another director with the resignation of Richard Kivel, who becomes the latest departing board member to sound the alarm about the company’s practices.

Kivel's resignation letter dated November 4 was published by the Securities and Exchange Commission yesterday and highlights a number of events which led [...]

1 min read

Wynn Resorts narrows Q3 loss despite fall in revenue

Wynn Resorts has reported a 10.5 per cent fall in revenue for the third quarter of the year, with lower casino revenue offsetting growth in hotel, dining, retail and entertainment.

Revenue in the third quarter of the year fell to $889.72m from $994.64m a year ago, as casino revenue fell by [...]

1 min read

Currency movements weigh on Inspired as Q3 revenue falls 3%

New York-listed gaming supplier Inspired Entertainment has reported a 3 per cent drop in total revenue to $74.9m for the third quarter of 2022, with results negatively impacted by foreign currency exchange movements.

Virtual Sports was the only segment to record year-on-year growth during Q3 as revenue rose 39 per cent [...]

1 min read

PlayAGS revenue grows for 7th consecutive quarter

New York-listed gaming supplier PlayAGS has reported a 16 per cent increase in third quarter revenue to $78.3m, driven by strong growth from its core electronic gaming machines (EGM) segment.

Revenue grew for the seventh consecutive quarter, with revenue from EGMs up 16 per cent year-on-year at $71.6m, as global EGM [...]

1 min read

Full House Resorts slips to loss as Q3 revenue falls 12%

US casino operator Full House Resorts has posted a 12 per cent drop in revenue to $41.4m for the third quarter of 2022, following a 9 per cent decline in casino gaming and lower revenue from contracted sports betting.

Revenue from the company’s Silver Slipper Casino in Mississippi fell by 7 [...]

1 min read
Gaming Innovation Group

Gaming Innovation Group posts record revenue in Q3

Oslo-listed gaming supplier Gaming Innovation Group (GiG) hit a new record high in the third quarter of 2022, as revenue increased by 35 per cent to €22.9m.

Despite general lower seasonal activity through July and August, GiG said that the year-on-year growth was driven by a record performance from its GiG [...]

1 min read
Los Angeles, California

California voters reject tribal and commercial sports betting propositions

Regulated sports betting in California remains a distant dream as almost 75 per cent of precincts report election results.

With 74.9 per cent of California precincts partially reporting the results of the November 8 ballot this morning, regulated sports betting appears to have suffered a resounding defeat.

Both the Tribal-backed Proposition 26 [...]

1 min read

Playtika posts Q3 revenue growth despite social casino decline

New York-listed social and casual gaming operator Playtika has reported a 2 per cent increase in revenue to $647.8m for the third quarter of 2022, despite declining contributions from its social casino portfolio.

Social casino revenue fell by 10 per cent year-on-year to $292.1m, as declines from Slotomania and House of [...]

1 min read
Puerto Rico

Kambi set to enter Puerto Rico with Liberman Media Group

Kambi has agreed a deal to provide retail and online sports betting technology and services to power a new sportsbook in Puerto Rico.

Kambi has been selected as the sports betting partner of Puerto Rican media company Liberman Media Group (LMG), owner of the Teleonce television network, to power the launch [...]

2 mins read
Flutter Entertainment

Flutter Entertainment benefits from US and International growth in Q3

Flutter Entertainment has reported a 31 per cent increase in revenue to £1.89bn in the third quarter, with declining revenue in Australia and UK & Ireland Retail offset by strong growth in other markets.

The third quarter revenue growth was driven by a 17 per cent increase in Sports revenue to [...]

1 min read
IGT

IGT see third quarter revenue climb 8% despite lottery decline

New York-listed International Game Technology (IGT) has posted net income of $264m for the third quarter of 2022, after seeing consolidated revenue climb 8 per cent to $1.06bn.

The year-on-year revenue growth was driven by a 31 per cent increase in Global Gaming revenue to $379m, which the supplier attributed to [...]

1 min read
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