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Churchill Downs

CDI completes $2.75bn acquisition of Peninsula Pacific Entertainment

New York-listed Churchill Downs Incorporated (CDI) has expanded its footprint into Virginia, New York and Iowa after completing the acquisition of Peninsula Pacific Entertainment for $2.75bn.

Following an initial agreement in February, the acquisition was completed after CDI received licensing approvals from the Virginia Racing Commission, the New York State Gaming [...]

1 min read
Playtech

Playtech names Chris McGinnis as new finance chief

London-listed gaming technology supplier Playtech has appointed Chris McGinnis to succeed Andrew Smith as chief financial officer (CFO).

Smith will step down as CFO and executive director at the end of November due to personal reasons, having been with Playtech for seven years.

“On behalf of the Board, I would like to [...]

2 mins read

Nevada gambling revenue surpasses $11bn in 2022

Nevada’s gambling market generated revenue of $1.25bn in September 2022, an increase of 7.9 per cent year-on-year, taking the state’s total gambling revenue above $11bn in the year to date.

Statewide revenue from slot machines increased by 10 per cent to $858.1m, representing 69 per cent of gambling revenue in September, [...]

1 min read

Sports betting drives South Africa gambling recovery

South Africa’s gambling market recovered strongly from the pandemic in the financial year to March 2022, with growth in all sectors contributing to record annual revenue of R34.43bn (€1.90bn).

The revenue performance in 2021/22 was an increase of 48 per cent on the previous year, in which restrictions to curb the [...]

1 min read
Churchill Downs

Churchill Downs Incorporated sees Q3 revenue fall to $383.1m

New York-listed racing and gaming operator Churchill Downs Incorporated has posted a 2.5 per cent fall in net revenue to $383.1m for the third quarter of 2022, following a decline in its TwinSpires business.

Net revenue from the company’s core Live and Historical Racing segment increased by 26 per cent to [...]

1 min read

Codere Group restructures senior management team

Spain and Latin America-facing gaming operator Codere Group has restructured its senior management team with a number of new appointments, including a new finance chief.

Codere said that the changes were part of its commitment to reinforce the group’s capabilities, with the new senior management team to serve under the leadership [...]

1 min read
Svenska Spel

Svenska Spel grows online revenue to 50% of third quarter total

Swedish gaming and lottery operator Svenska Spel has recorded a 1 per cent decline in third quarter net gaming revenue (NGR) to SEK1.95bn, with half of the total now generated online.

The year-on-year decline was driven by a 7 per cent drop in NGR from the company’s Sport & Casino division [...]

1 min read

Gambling participation in Britain nears pre-pandemic levels

The latest survey data from Britain’s Gambling Commission shows that overall gambling participation rates remain below pre-pandemic levels, despite increased participation in National Lottery games and betting and gaming in retail.

The proportion of respondents participating in at least one form of gambling in the past four weeks to September 2022 [...]

1 min read
Boyd Gaming

Boyd Gaming posts third quarter revenue growth of 4%

New York-listed casino operator Boyd Gaming has reported a 4 per cent increase in total revenue to $877.3m for the third quarter of 2022, benefiting from growth in its non-gaming operations.

The Midwest & South continued to be Boyd’s biggest region in the US as revenue rose 6 per cent to [...]

1 min read
Deadwood, South Dakota

South Dakota gambling market slides 5% in September

South Dakota’s gambling market fell by 5 per cent in September to $146.9m, with lower wagering on slot machines offsetting growth in table games and retail sports betting.

Gaming handle, excluding sports betting, amounted to $146.2m in September, a year-on-year fall of 5.6 per cent, while gross win declined by 2.5 [...]

1 min read
Flutter Entertainment

Flutter names new finance chief with Jonathan Hill set for COO role

London-listed betting and gaming operator Flutter Entertainment has named Paul Edgecliffe-Johnson as its next finance chief to replace Jonathan Hill, who moves to the newly established role of group chief operating officer.

Edgecliffe-Johnson brings 25 years' experience in finance and international businesses, and currently serves as CFO and group head of [...]

2 mins read
Cashless Payments

Sightline Payments receives strategic investment from J.P. Morgan

New York-based multinational investment bank J.P. Morgan has made strategic investments in two gaming-focused payment processors, Sightline Payments and Tilia.

While no financials have been disclosed, J.P. Morgan said it will work with Sightline to develop an integrated omni-channel solution for resort and online gaming companies, which will serve the resort [...]

1 min read
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