Social News

CDI and Aristocrat agree $155m settlement for Big Fish Games lawsuits

Churchill Downs Inc (CDI) and Aristocrat Leisure have entered into an agreement in principle to pay $155m to settle a class action lawsuit in Washington State relating to social casino operator Big Fish Games.

The two class-action lawsuits were brought by Cheryl Kater, Suzie Kelly and Manasa Thimmegowda, who alleged that [...]

1 min read

Digital drives first half revenue growth for Aristocrat

Sydney-listed supplier and social casino operator Aristocrat Leisure has reported a 7 per cent increase in revenue to AUD$2.25bn for the six month period ended 31 March, following strong growth in its Digital business.

Revenue from Digital rose 27 per cent to $1.04bn, equivalent to nearly half of the H1 total, [...]

1 min read

SciPlay grows first quarter profit despite marginal revenue decline

New York-listed social gaming operator SciPlay has seen net income for the first quarter of 2020 more than double to $31.1m after reducing operating expenses during the period.

Revenue fell by a marginal 0.1 per cent year-on-year to $118.3m, with mobile revenue climbing 4 per cent to $101.2m, reflecting the continued [...]

1 min read
Scientific Games

Venue closures cause revenue at Scientific Games to fall by 13% in Q1

New York-listed lottery and gaming supplier Scientific Games has reported a 13 per cent fall in first quarter revenue as the COVID-19 pandemic caused the temporary closure of casino operations in jurisdictions globally.

Total revenue in the first quarter of 2020 amounted to $725m, down from $837m a year ago, with [...]

1 min read

Penn National Gaming revenue falls 13% as COVID-19 hits Q1 results

New York-listed racing and gaming operator Penn National Gaming has reported a 13 per cent drop in revenue to $1.12bn for the first quarter of 2020, as the COVID-19 pandemic impacted its results in March.

Penn National enjoyed a strong start to the year with record results in January and February, [...]

1 min read

Zynga posts record first quarter revenue of $404m

New York-listed social gaming giant Zynga has raised its full year 2020 guidance to $1.65bn in revenue after recording its best first quarter performance in its history.

With bookings climbing 18 per cent year-on-year to $425m in Q1, this helped drive a 52 per cent increase in revenue to a record [...]

1 min read

Aristocrat suspends dividend and aims to reduce costs by $100m

Sydney-listed gaming supplier and social gaming operator Aristocrat Leisure has decided to suspend its interim dividend as one of a number of steps to mitigate the impact of the COVID-19 pandemic on its business.

With land-based operations delivering approximately 60 per cent of group revenue, Aristocrat noted that almost all of [...]

1 min read
Scientific Games

Scientific Games on track to reduce Q2 costs by more than $100m

New York-listed lottery and gaming supplier Scientific Games said Tuesday that it will reduce its quarterly costs by more than $100m in the second quarter of 2020, including more than $50m in workforce cost reductions.

Scientific Games said that it has a strong liquidity position, having drawn approximately $480m under its [...]

3 mins read

COVID-19 crisis hits gaming investors hard

The first quarter of 2020 has not gone according to anyone's plan, to state the obvious. Markets and businesses across the globe have experienced unprecedented disruption and the chaos was hard felt by gaming operators and suppliers alike.

After seeing their combined share prices increase by 45 per cent in 2019, [...]

1 min read

KamaGames posts record first quarter as revenue surpasses $29m

European social casino operator KamaGames has reported a 37 per cent increase in gross revenue to a record $29.25m during the first quarter of 2020.

The operator said it was its most successful quarter to date, buoyed by the release of new features, games and improved monetisation mechanics last year.

This [...]

1 min read

Greentube provides support to improve BetBlocker’s self-exclusion tools

Novomatic’s interactive division Greentube has pledged its support to BetBlocker, a free-to-use self-exclusion tool in the UK which helps players control their gambling.

Greentube’s donation forms part of its annual Research, Entertainment and Treatment (RET) contribution, a voluntary funding model required by the UK Gambling Commission.

The funds will be used to improve BetBlocker’s iOS app [...]

2 mins read

GAN shares jump on higher online revenue and Nasdaq move

London-listed gaming supplier GAN is moving forward with its proposed Nasdaq listing as the casino shutdown in the United States begins to translate into higher revenue from online gaming.

GAN said Wednesday that the US casino closures in response to the COVID-19 pandemic have resulted in increased simulated gaming activity online, as major clients undertake [...]

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