Gambling Clear News
BetMGM, the joint venture between Entain and MGM Resorts, generated almost $2.00bn (£1.59bn/€1.86bn) in revenue in 2023, reaching the upper end of its guidance range. Revenue for the 12 months to 31 December 2023 amounted to $1.96bn. BetMGM forecast between $1.80bn and $2.00bn for the full year, with several developments helping to drive growth. In line with
LiveScore reported revenue of £129.6m ($165.0m/€150.8m) in its full year 2023 results, an increase of 48.9% yearly. LiveScore’s full-year period ended 31 March 2023. Its full-year report focused on operations within its Virgin Bet, LiveScore Bet and sports media business. Gambling made up £108.0m of the total revenue, up by 57.3% compared to full-year 2022.
The GB Gambling Commission reported a fall in spending on the National Lottery in its 2022-23 financial report ended 31 March. National Lottery operations costs totalled at £2.4m, £178,000 less year-on-year. Meanwhile, National Lottery Competition costs came to £19.1m, down from £23.6m from the previous year. During the financial year, the process to find the
Online casino dominates Ontario’s regulated igaming market, accounting for over 80% of wagers and more than 70% of revenue in the first quarter of the Canadian province’s financial year. Over the three months ended 30 June Ontario igaming customers wagered CA$14.0bn. This shows a vast jump from the $4.1bn staked in Q2 2022, when the
William Hill’s revenue declined just 0.5% to £1.24bn in 2022, following the completion of the sale of its non-US assets to 888 Holdings in July the same year. The tumultuous year saw the large decline in William Hill’s online segment largely offset by a resurgence in retail. The company’s retail revenue rose 52.7% year-on-year to
Esports betting operator and media business Rivalry announced it will be receiving CA$10m ($7.3m/ €6.6m/ £5.9m) in new strategic financing through the issuance of new stock. Rivalry will raise the financing by issuing up to 6,666,666 subordinate voting shares at a price of $1.50 per share. The business said that online bookmaker Pinnacle, alongside a
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
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
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
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
