Gambling Clear News
Delaware has posted a year-on-year increase in online gambling and sports betting revenue during February. Looking first to igaming, revenue in February hit $3.9m (£3.1m/€3.6m). This was up 254.6% from $1.1m in Delaware last year and, interestingly, 14.7% ahead of January’s $3.4m total. Video lottery games accounted for $2.8m of all revenue, with online table games at
Revenue at NeoGames jumped 15.6% to $191.5m (£149.7m/€175.2m) for 2023, while net loss was largely flat compared to FY22. NeoGames noted that it would not be hosting a conference call for its 2023 results in anticipation of its sale to Aristocrat Leisure. Aristocrat agreed to acquire NeoGames in May for a total of $1.20bn. The
Super Group recorded a profit before tax of €16.8m (£14.4m/$18.3m) for its 2023 financial year, a significant drop from the €216.5m generated the year prior. Super Group attributed the drop in profit before tax to non-cash charges of €64.6m. €28.6m of that total came from the January 2023 acquisition of online sports betting and igaming
Gambling revenue in Nevada edged up 0.8% year-on-year to $1.28bn (£1.01bn/€1.18bn) in January, the highest total on record for the opening month of the year. Revenue was marginally higher than $1.27bn in January 2023 but 10.5% behind December’s $1.43bn haul. Slots accounted for $885.9m of revenue in January, up 1.3% from last year. Some $567.2m of this came
The New York State Gaming Commission has said three of the state’s most popular draw games have produced over $63.9m (£50.7m/€59.1m) for public schools and small businesses. The New York lottery is North America’s most profitable, contributing $3.7bn over the 2022-23 financial year to state education. Mega Millions, Powerball and NY LOTTO are “skyrocketing” in
Galaxy Entertainment Group (GEG) reported a 211.0% increase in revenue to HK35.68bn (£3.60bn/€4.21bn/US$4.56bn) during 2023, driven by the full reopening of the Macau gaming market. Macau withdrew all remaining pandemic travel and quarantine restrictions in January 2023. This meant people could again travel freely to the region and visit its land-based casinos, including the Galaxy Macau. This
Vici Properties has revealed net profit more than doubled to $2.51bn (£2.0bn/€2.32bn) in 2023 after M&A activity drove revenue up 38.9%. For the 12 months to 31 December 2023, Vici posted $3.61bn in total revenue. This was comfortably higher than the $2.60bn reported in the previous financial year. As to how Vici achieved this level
Scout Gaming Group CEO Niklas Jönsson said he remains confident of the provider becoming a profitable business after net loss shortened in 2023 following a cost-cutting initiative. The provider completed its transformation programme in August 2023, which led to some staff being let go. At the time, Scout said this would allow it to become a leaner
Fitch Ratings has pointed to Macau’s “strong rebound” following the COVID-19 pandemic in predicting a positive financial outlook for Wynn Resorts. Macau’s gaming industry took a huge hit during the pandemic with extremely tight restrictions grinding the market to a halt. However, the removal of travel restrictions in early 2023 has induced an impressive response
Caesars Entertainment said growth within its digital division pushed revenue up 6.5% year-on-year in 2023, while the group is seeking to build on this success by acquiring WynnBet’s Michigan igaming business. The 12 months to 31 December 2023 proved to be a solid year for Caesars. Revenue was higher across all divisions, with group revenue
