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VGT/VLT News

New Jersey gambling market grows 20% despite sports betting decline

New Jersey’s regulated gambling market grew by 20 per cent to $422.5m in April, buoyed by strong growth in iGaming and land-based casino gaming revenue.

The state’s nine licensed properties saw total casino win increase by 24 per cent year-on-year to $235.3m in April, with iGaming revenue climbing 27 per cent [...]

1 min read
Maryland

Maryland retail sportsbooks take in $26.9m in April wagers

Maryland’s five licensed retail sports betting operators collected total wagers of $26.9m in April, nearly half of which was derived from the FanDuel-powered Live! Casino & Hotel.

In the fifth full month of operations since the opening of the state's retail betting market, total wagers fell by 13 per cent in [...]

1 min read

Codere revenue soars as retail recovery continues in first quarter

Spanish gaming operator Codere Group has reported a 131 per cent increase in revenue to €293.7m for the first quarter of 2022, as the company benefited from the lifting of Covid-19 restrictions across its land-based operations in Europe and Latin America.

The year-on-year revenue growth was driven by strong performances in [...]

1 min read

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 [...]

2 mins read

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 [...]

1 min read

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, [...]

1 min read
IGT

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 [...]

1 min read

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 [...]

1 min read
Denmark

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 [...]

1 min read

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 [...]

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