Gambling Clear News
Bragg Gaming has reported record revenue, gross profit and adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) in both its its full year 2022 results ended 31 December and its fourth quarter. Bragg’s revenue for the fourth quarter was €23.7m (£20.8m/$25.5m) a rise of 50.3% year-on-year, while revenue for the full year was €84.7m
White label platform provider Golden Matrix saw the issuance of $961,000 (£790,831/€903,635) in stock-based compensation push the business into a net loss of $444,000 for the three-month period ending 31 January, compared to the $349,000 in earnings the business achieved during the same period the previous year. The business reported $10.8m in revenue for the
International Game Technology (IGT) said it reached all key financial goals during its 2022 financial year, despite experiencing a decline within its core Global Lottery segment. The tech giant was able to reduce certain costs across the business in line with its strategy, while group revenue was higher year-on-year, with growth noted within both its
Troubled casino operator Star Entertainment Group has announced AU$800m in new equity amid the business’s 2022 half year results, which saw a loss of $1.26bn. The large losses are principally the result of an AU$988m non-cash impairment of the group’s Sydney assets, which came from the costs and penalties associated with the business’s ongoing regulatory
Diamond Sports Group, operator of the Bally’s branded TV sports networks, will miss $140m in interest payments due today (15 February), in a move that puts it near bankruptcy. The company has instead chosen to enter a 30-day grace period on the interest payments. The interest payments relate to the company’s 6.625% senior unsecured notes
The Philippine Amusement and Gaming Corporation (Pagcor) posted record revenue of P58.96bn (£904.4m/€1.01bn/$1.10bn) for its 2022 financial year. Revenue for the year was 66.5% higher than P34.48bn in the previous year, with gaming responsible for P55.05bn of total revenue, a 68.7% year-on-year rise. PAGCOR said its record performance was helped by the relaxation of measures
Lithuania’s gambling market grew by more than 40% in 2022 as a strong online performance again boosted figures. According to figures from Lithuania’s Gambling Supervision Service, the European nation generated gross gaming revenue of €195.8m during the year to 31 December 2022. That total is up 43.8% on 2021 and almost twice the €99.4m it
Las Vegas Sands (LVS) said the easing of Covid restrictions in China gives it confidence at the start of 2023 after reporting widening losses at the end of 2022. Robert G. Goldstein, chairman and chief executive officer, said that the lessening of travel restrictions will help Las Vegas Sands to broaden its horizons after the
Henrik Tjärnström, CEO of Kindred, has said that “no item is sacred” in terms of cutting costs on an earnings call addressing Kindred’s Q4 trading update released earlier today (13 January). Although Kindred’s Q4 revenue is projected to rise 24.5% year-on-year to £305.0m (€343.1m/$372.2m), Kindred said this was not up to expectations and vowed to
888 expects to report a 3% year-on-year decline in revenue for its 2022 financial year, partly due to increased UK safer gambling measures, while the online gambling operator also announced that Yariv Dafna is to step down as its chief financial officer. In a post-close trading update, 888 said full-year pro-forma revenue, including the non-US
