Racing News

US commercial gaming grows to $14.31bn in Q1

Commercial gaming operators in the United States have enjoyed a strong start to the year as revenue in the first quarter climbed to a record $14.31bn.

The first quarter performance was just shy of the quarterly revenue record set in the fourth quarter of 2021 when revenue amounted to $14.35bn, with [...]

2 mins read

BetMakers launches fixed odds horse race betting in New Jersey

Betting solutions provider BetMakers Technology Group has launched fixed odds betting on thoroughbred horse racing in New Jersey.

The launch comes two years after BetMakers secured an agreement to bring its fixed odds horse racing solution to the United States through a partnership with Monmouth Park owner the New Jersey Thoroughbred [...]

1 min read
Penn National Gaming

Penn National Gaming sees revenue and costs climb in Q1

Penn National Gaming has reported a 22.7 per cent increase in revenue to $1.56bn in the first quarter of 2022, although higher expenses pushed net income down 43 per cent to $52m.

Penn National grew revenue across all segments compared to the first quarter of 2021, with revenue from the Northeast [...]

1 min read

Denmark sees gross gaming revenue climb in first quarter

Gross gaming revenue in Denmark grew by 20.3 per cent year-on-year to DKK1.57bn (€211.6m) in the first quarter of 2022.

The revenue growth was driven by the resumption of retail operations following covid-related closures in the comparable period last year, which offset lower online gaming and sports betting revenue.

Betting gross gaming [...]

1 min read

Playtech continues strong momentum into first quarter of 2022

London-listed gaming operator and technology supplier Playtech has delivered a strong start to the year with Adjusted EBITDA of more than €100m for the first quarter.

Playtech said in a trading update Thursday that the very strong performance has been driven by both the B2B and B2C businesses, with the Snaitech [...]

1 min read

Everi acquires Historical Horse Racing Games developer Intuicode

New York-listed gaming supplier Everi Holdings has acquired historical horse racing games developer Intuicode Gaming for up to $27m. 

The acquisition will provide Everi with additional Historical Horse Racing expertise as it prepares to enter the expanding HHR market in the United States.

Everi will make an initial payment of $12.5 million to [...]

1 min read
Flutter Entertainment

Flutter Entertainment benefits from US growth in Q1

Flutter Entertainment’s first quarter revenue increased by 5 per cent year-on-year to £1.57bn, with growth across gaming and sports betting.

Sports revenue climbed by 4 per cent to £930.0m in the first quarter of 2022, with Gaming revenue 8 per cent higher than the same period a year ago at £636.0m.

The [...]

1 min read
Caesars Entertainment

Online segment weighs on Caesars’ performance in Q1

Caesars Entertainment has reported a 20.9 per cent increase in revenue to $2.92bn for the first quarter of 2022, despite a weak performance by Caesars Digital.

Caesars’ Las Vegas segment grew revenue by 83.9 per cent to $914m, while the Regional segment saw revenue climb 13.5 per cent year-on-year to $1.36bn. [...]

1 min read
MGM Resorts

MGM Resorts buoyed by Aria and Vdara in Q1

New York-listed MGM Resorts International has reported a 73 per cent increase in revenue to $2.85bn for the first quarter of 2022, with growth driven by the inclusion of the operating results of Aria and Vdara following their consolidation in September 2021.

Results improved versus the first quarter of 2021 when [...]

1 min read

Nevada gambling market grows to $1.36bn in March

Nevada’s regulated gambling market saw total gaming win increase by 27 per cent to $1.36bn in March 2022, just below the record monthly high set last July.

The strong growth in March marks the 13th consecutive month that the state’s casinos generated more than $1bn in gaming win.

Slot Machines continued to [...]

1 min read
Flutter Entertainment

Flutter Entertainment adds former Eir CEO Carolan Lennon to board

London-listed betting and gaming operator Flutter Entertainment has strengthened its board of directors with the appointment of former Eir chief executive Carolan Lennon.

Lennon will take on the non-executive role from 1 July, when she takes up a new role as Country Leader at Salesforce Ireland.

She mostly recently served as CEO [...]

2 mins read

Churchill Downs posts record Q1 despite TwinSpires revenue decline

New York-listed Churchill Downs Incorporated (CDI) has reported a 12 per cent increase in net revenue to a record $364.1m for the first quarter of 2022, despite a decline in its TwinSpires wagering business.

The year-on-year revenue growth was driven by a 16 per cent increase in net revenue from CDI’s [...]

1 min read
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