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Bally’s second quarter revenue soars to $552.5m

New York-listed casino and sportsbook operator Bally's Corporation has seen second quarter revenue more than double to $552.5m, driven by its growing Interactive businesses.

Revenue in Q2 soared by 106 per cent compared to the same period last year, with Casinos & Resorts revenue climbing 14 per cent to $299.9m.

North America [...]

1 min read

Interactive drives Q2 revenue growth for newly renamed PENN Entertainment

New York-listed Penn National Gaming has been renamed PENN Entertainment as the racing and gaming operator reported a 5 per cent increase in revenue to $1.63bn for the second quarter of 2022.

The year-on-year growth was driven by a 61 per cent increase in Interactive revenue to $154.9m in Q2, while [...]

1 min read
MGM Resorts

MGM Resorts benefits from growth in Las Vegas as BetMGM losses continue

New York-listed MGM Resorts International has reported a 44 per cent increase in consolidated net revenue to $3.26bn for the second quarter of 2022, buoyed by strong growth in its core Las Vegas market.

The year-on-year growth was driven by increased business volume and travel activity primarily at the company’s Las [...]

1 min read
Caesars Entertainment

Las Vegas and Digital segments drive Caesars revenue growth

Caesars Entertainment has reported a 13 per cent increase in net revenue to $2.82bn for the second quarter of 2022, benefiting from strong growth in the Las Vegas and Caesars Digital segments.

Las Vegas net revenue rose by 34 per cent to $1.14bn in Q2, helping to offset a 2 per [...]

1 min read
IGT

IGT revenue falls to $1.02bn in second quarter

New York-listed lottery and gaming supplier International Game Technology (IGT) has reported a 2 per cent drop in revenue to $1.02bn for the second quarter of 2022.

The year-on-year decline was mainly due to a 11 per cent decline in Lottery revenue to $648m, as services revenue fell by 12 per [...]

1 min read

Bally’s Corp partners the New York Yankees

New York-listed casino and sportsbook operator Bally's Corporation has become an official sports betting partner of the New York Yankees for the remainder of the 2022 Major League Baseball (MLB) season.

The wide-ranging agreement marks Bally’s first sports team partnership in New York after becoming the ninth and final online sports [...]

3 mins read

Gambling Regulatory Authority takes over as new Singapore regulator

Singapore’s new gambling regulator takes charge of the market today, replacing the country’s three former regulatory authorities with one national Gambling Regulatory Authority (GRA).

The GRA will regulate all forms of gambling in Singapore, replacing the Casino Regulatory Authority (Casinos), Gambling Regulatory Unit of the Ministry of Home Affairs (Online Gaming), [...]

1 min read

Italy’s Lottomatica swings to profit as first half revenue soars to €806.2m

Leading Italian gaming operator Lottomatica has seen revenue from its online and land-based operations soar by 345 per cent to €806.2m in the first half of 2022.

The newly formed Lottomatica was established earlier this year through the merger of Gamenet Group, IGT Lottery (which owned Lottomatica Scommesse and Lottomatica Videolot [...]

1 min read

Nevada full year gaming win grows to record $14.6bn

Nevada’s gambling market generated record win of $14.63bn in the fiscal year ended June 30, with gaming win from state-wide casinos topping $1bn for the 16th consecutive month in June.

Gaming win in June climbed 8 per cent compared to the same month last year to $1.28bn, with the bulk of [...]

1 min read

Britain sees reduction in problem gambling

The latest survey data from Britain’s Gambling Commission shows that overall participation in any gambling activity remained statistically stable at 43 per cent in the year to June 2022, alongside an improvement in problem gambling rates.

The June 2022 data shows that 42.9 per cent of survey respondents over the age [...]

1 min read

Horse racing drives record second quarter for Churchill Downs Inc.

New York-listed racing and gaming operator Churchill Downs Incorporated has reported record results for the second quarter of 2022 as net revenue climbed by 13 per cent to $582.5m.

The company’s core Live and Historical Racing segment saw net revenue increase by 45 per cent year-on-year to a record $275.9m, primarily [...]

1 min read
Boyd Gaming

Boyd Gaming posts marginal second quarter revenue growth

New York-listed Boyd Gaming has reported a marginal increase in total revenue to $894.5m for the second quarter of 2022, despite a decline in its casino gaming operations.

With strong comparables a year ago, Gaming revenue declined by 6 per cent year-on-year to $684.9m, although the company benefited from growth in [...]

1 min read
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