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 [...]

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Wynn Resorts grows revenue in Q1 despite Casino decline

Wynn Resorts grew first quarter revenue by 29.4 per cent year-on-year to $953.33m, despite a fall in gaming revenue during the period.

Casino revenue was 5.1 per cent lower than the first quarter of 2021 at $489.86m, offset by strong growth in hotel, food and beverage, entertainment, retail and other revenue.

Operating [...]

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Light & Wonder sees revenue climb 26 per cent in Q1

New York-listed gaming supplier Light & Wonder has reported revenue growth of 26 per cent to $572.0m in the first quarter of 2022 following the divestment of its Scientific Games lottery business.

Revenue from continuing operations climbed to $572.0m from $453.0m a year ago, driven by growth across its Gaming, Sciplay, [...]

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IGT declares dividend as Q1 revenue climbs 4 per cent

New York-listed lottery and gaming supplier International Game Technology (IGT) has reported a 4 per cent increase in revenue to $1.05bn in the first quarter of 2022.

IGT benefited from growth within its Global Gaming and Digital & Betting segments, which offset lower revenue from Global Lottery.

Global Lottery revenue was 9 [...]

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Bally’s returns to profit in Q1

Bally’s returned to profit in the first quarter of this year following a 185 per cent increase in revenue to $548.27m.

The company remains on track to achieve its previous full year revenue guidance of between $2.4bn and $2.5bn, with Adjusted EBITDA in the range of $560m to $580m, although it [...]

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 [...]

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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 [...]

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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. [...]

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Australian Capital Territory to cut stake limits on poker machines

The state government of the Australian Capital Territory (ACT) plans to introduce a central monitoring system and lower stake limits on poker machines in a bid to reduce gambling harm. 

The ACT government plans to introduce a AUD$5 bet limit and $100 credit limit for poker machines, with minister for gaming [...]

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 [...]

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