Gambling Clear News
Gaming revenue in Ontario grew 22% quarterly to CA$658m ($486.8m/£384.3m/€448.4m) in its third quarter ended 31 December 2023. The revenue encompasses all cash wagers, including rake fees and tournament fees gathered in the province, which was officially regulated in April 2022. Ontario is regulated by iGaming Ontario, a subsidiary of Alcohol and Gaming Commission of
Scout Gaming Group said it remains focused on efforts to make the business profitable after a reduction in costs allowed it to slash its net loss during Q3. Revenue was slightly down year-on-year in Q3 at Scout, but a reduction in spending helped its bottom line. Scout said this improved its year-to-date performance, allowing it
Ontario-based sports betting and igaming operator NorthStar Gaming posted a 135.0% jump in gross gaming revenue to CA$4.7m (£2.7m/€3.1m/US$3.4m) during Q3, driven by an expanding customer base and diversified offering. NorthStar in particular hailed its “Insights” content-proprietary editorial features, which offer players advice and guidance on betting. In Q3, players who read this content had
Raketech has posted a third consecutive record revenue total of €21.5m for Q3 2023, driven by an all-time high organic growth rate of 66%. As a result of Raketech’s record Q3 revenue, The Malta-based affiliate business also raised EBITDA by 16.5% year-on-year. This was attributed to the development of its Japan-facing Casumba brand and growth within
Betclic Everest Group has seen a surge in new players deliver double-digit revenue and earnings growth in the year to date. FL Entertainment, which owns the group, said its Betclic and Bet-at-home brands generated €718.5m revenue during the year to 30 September. That nine-month figure was up 21.3% year-on-year at constant currencies. For Q3, revenue
MGM Resorts International reported record revenue of $3.97bn (£3.23bn/€3.71bn) in Q3 in spite of the upheaval called by the major cyberattack. The attack took place towards the end of Q3 on 11 September, with MGM forced to shut down certain systems. MGM has already revealed the attack had a negative adjusted property EBITDAR impact of approximately $100.0m.
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
CEO Jordan Gnat said that growth in Playmaker’s media and affiliate businesses helped to improve operations during the three months to 30 June. Pro-forma revenue was $12.6m at Playmaker during the second quarter. Compared to the pro-forma revenue for Q2 2022, this was a rise of 51.8%. Like-for-like revenue at Playmaker was up 88.7% year-on-year
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
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
