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VGT/VLT News

Danske Spil

Klasselotteriet acquisition pushes Danske Spil revenue up to DKK3.6bn

Denmark’s state-owned gaming operator Danske Spil has reported a 2 per cent increase in gross gaming revenue (GGR) to DKK3.60bn (€483.7m) for the nine-month period ended 30 September.

The company’s core Danske Lotteri Spil division saw GGR fall by 1 per cent to DKK2.01bn, with a strong performance from the Eurojackpot [...]

1 min read

Golden Entertainment revenue dips in Q3

New York-listed casino operator Golden Entertainment has posted a 1 per cent fall in revenue to $279.0m for the third quarter of 2022, driven by a decline at its nine Nevada-based properties.

Revenue from Nevada Casino Resorts fell by 5 per cent year-on-year to $98.9m, while revenue from Nevada Locals Casinos [...]

1 min read

PENN Entertainment revenue climbs to $1.63bn in third quarter

New York-listed racing and gaming operator PENN Entertainment has reported solid results for the third quarter of 2022 as revenue climbed 7.5 per cent to $1.63bn.

The company’s Interactive division recorded the biggest growth as Q3 revenue rose 71 per cent year-on-year to $158.7m, while PENN’s land-based operations also performed well [...]

1 min read

Bally’s Corporation raises full year revenue forecast to $2.25bn

New York-listed casino and sportsbook operator Bally's Corporation has raised its guidance for the full 2022 year after posting third quarter revenue of $578.2m.

The bulk of the Q3 total was derived from Bally’s Casinos & Resorts division, which contributed $328.5m in revenue, with International Interactive contributing $227.6m and North America [...]

1 min read
MGM Resorts

Las Vegas boosts MGM Resorts as Q3 revenue tops $3.4bn

New York-listed MGM Resorts has reported a 26 per cent increase in consolidated net revenue to $3.42bn for the third quarter of 2022, buoyed by a record performance at Las Vegas Strip resorts.

The Q3 revenue growth was driven by increased business volume and travel activity, primarily at Las Vegas Strip [...]

1 min read
Caesars Entertainment

Caesars swings to profit in Q3 but Digital losses continue

Caesars Entertainment returned to profit in the third quarter of the year as net revenue increased by 6 per cent to $2.89bn.

The year-on-year growth was driven by another strong performance in the Las Vegas segment as net revenue climbed 6 per cent to $1.08bn, while Caesars Digital net revenue more [...]

1 min read
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
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