Gambling Clear News
Red Rock Resorts posted a year-on-year drop in revenue during the second quarter following a decline within its casino business. The three months to 30 June were a mixed period for the land-based casino operator. Red Rock Q2 group and casino were down, but it experienced growth in other areas and net profit was also
Monthly gambling revenue in Macau increased by 365.9% year-on-year to MOP15.57bn (£1.54bn/€1.79bn/$1.93bn) in May. The amount was comfortably higher than MOP3.34bn in the same month in 2022 and 5.8% ahead of MOP14.7m in April of this year. May’s total was also the highest monthly figure so far this calendar year. Macau has continued to benefit from
Gaming technology provider Playtech is to expand its poker presence though a new deal with Swedish state-owned gambling business Svenska Spel Sport & Casino. Svenska Spel has launched Playtech’s poker offering and ipoker network. This is part of the operator’s strategy to “modernise and improve” its poker product. The updated offering brings a number of
Bally’s Corporation and Gaming & Leisure Properties (GLPI) have reached a binding agreement with the Oakland Athletics of Major League Baseball, to site their new ballpark on a portion of the operator’s Tropicana Las Vegas property. Bally’s Corporation highlighted the potential “transformational” impact of the $1.5bn baseball ballpark project on the company’s database as an
Social casino developer DoubleDown Interactive has announced the first sequential revenue increase in eight quarters in its Q1 financial report. DoubleDown framed the “solid” Q1 results as consequence of the company’s strong business model, highlighting that it often achieved adjusted EBITDA margins of more than 30% in addition to “significant” cash flow. Chief executive Keuk
Sportsbook software and igaming platform supplier Digitain has opened its new office in Bucharest, Romania, in a move to expand its presence in Europe. This is part of an ongoing expansion strategy. The new office will allow Digitain to provide its European customers with more centralised customer service. This is the first of several new
The implementation of affordability checks and the re-opening of land-based venues both contributed to the fall in online revenue during 2021-2022, according to an Ernst & Young report commissioned by the Betting and Gaming Council (BGC). The report analyses the BGC’s contribution to the British economy, looking at gambling data covering the period between July
