Gambling Clear News
In a mixed Q2, Ontario-based sports betting and igaming operator Northstar Gaming reported continuing losses despite record revenue results. Northstar reported growth in revenue, handle and gross margin in Q2. This comes in the wake of the company’s reverse takeover of the business by Canadian property business Baden Resources. The business said this was driven
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
German-facing sports betting and igaming operator Bet-at-home.com announced the business’ cost-cutting measures has tripled the company’s EBITDA, despite an overall decline in revenue. Bet-at-home’s gross gambling revenue stood at €24.2m in H1 2023. This was a 9.3% fall from the €26.7m the business achieved in the same period the previous year. The FL Entertainment-owned company
In its Q2 financial report Kindred posted a 29% year-on-year increase in revenue to £307.3m (€356m/$394m). Kindred’s Q2 focus on cost controls amid an ongoing strategic review and a strong performance in the Netherlands are keeping the business on track to surpass full-year earnings expectations, according to interim CEO Nils Andén. A total of £63.6m
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
