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VGT/VLT News

Lottomatica begins IPO process as 2022 revenue hits €1.4bn

Italian betting and gaming operator Lottomatica has reported a 73 per cent increase in revenue to €1.4bn as the company begins the process to become a listed company in Milan.   

Buoyed by a record performance in the final quarter of 2022, the full year revenue growth was mainly due to the [...]

1 min read
IGT

IGT revenue climbs to $4.2bn in 2022

International Game Technology (IGT) has reported a 3 per cent increase in revenue to $4.2bn for 2022, buoyed by a record performance from its PlayDigital business.

Revenue from the company’s core Global Lottery division declined by 8 per cent to $2.6bn, as strong product sales and multi-jurisdiction jackpots were offset by [...]

1 min read

Genting revenue tops €4.74bn as land-based gaming sector recovers

Kuala Lumpur-listed Genting Berhad has reported a 65 per cent increase in group revenue to RM22.38bn (€4.74bn) for 2022, following improved results from its Leisure & Hospitality division.

Leisure & Hospitality represented more than 77 per cent of Genting’s total revenue at RM17.37bn. This was more than double the previous year, [...]

1 min read

Virginia land-based casino revenue grows to $22.5m in January

Land-based casino revenue in Virginia reached its highest monthly total since launch at $22.5m, as the new Rivers Casino Portsmouth had a good first week of operations.

Rush Street's Rivers Casino only opened for business on 23 January but still reported revenue of $9.0m, which was 40 per cent of Virginia’s [...]

1 min read

Galaxy Entertainment revenue drops 42% as Macau struggles continue

Hong Kong-listed casino operator Galaxy Entertainment Group has reported a 42 per cent fall in net revenue to HK$11.5bn (approx. €1.39bn) for 2022, as results continued to be negatively impacted by Covid and the associated travel restrictions.

Net gaming revenue declined by 53 per cent compared to the previous year to [...]

1 min read

Interactive growth takes Bally’s full year revenue to $2.26bn

New York-listed Bally’s Corporation has reported a 71 per cent increase in full year revenue to $2.26bn in 2022, of which more than $1bn was derived from its Interactive businesses.

Revenue from the company’s core Casinos & Resorts segment grew by 19 per cent compared to the prior year to $1.23bn, [...]

1 min read

Britain’s online gambling yield falls 2 per cent in final quarter of 2022

The latest gambling data from operators representing 80 per cent of the regulated market in Britain shows a 2 per cent fall in total online gross gambling yield to £1.2bn in the three months to the end of December 2022.

The year-on-year fall in gross gambling yield (GGY) came despite an [...]

1 min read
Churchill Downs

Churchill Downs Inc. posts record revenue and profit in 2022

Churchill Downs Incorporated (CDI) has reported a 13 per cent increase in net revenue to a record $1.81bn in 2022, buoyed by the first contributions from its acquisition of Peninsula Pacific Entertainment (P2E).

The record annual performance was driven by a strong finish to the year as Q4 net revenue climbed [...]

1 min read
Caesars Entertainment

Caesars full year revenue climbs 13% to $10.82bn

Caesars Entertainment has reported a 9 per cent increase in net revenue to $2.82bn for the final quarter of 2022, taking full year net revenue past $10.82bn.

The year-on-year improvement in Q4 was driven by continued growth in the Las Vegas segment as net revenue increased by 11 per cent to [...]

1 min read
Tabcorp

Tabcorp profit falls despite first half revenue growth

Sydney-listed betting and gaming operator Tabcorp Holdings has reported an 11 per cent increase in revenue to AUD$1.28bn for its financial half-year ended 31 December.

Wagering and Media revenue rose by 9 per cent year-on-year to $1.17bn, driven by the return of customers to retail venues post Covid lockdowns and retail [...]

1 min read
Vilnius, Lithuania

Lithuania gambling turnover surpasses €2bn in 2022

Turnover in the Lithuanian gambling sector grew by 12 per cent in 2022 and took the total to a new annual high of €2.23bn.

Slot machines (categories A & B) accounted for the majority of turnover (58 per cent) at €1.29bn and grew by 9 per cent compared to 2021.

Sports betting [...]

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Singapore casino revenue rises 76% in 2022

Land-based gaming revenue at Singapore’s two integrated casino resorts increased by 76 per cent to S$3.56bn (€2.49bn) in 2022, as the country opened up again after its pandemic restrictions.

Marina Bay Sands (MBS) saw gaming revenue grow by 90 per cent to $2.33bn and Resorts World Sentosa’s (RWS) revenue was up [...]

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