Finance
DraftKings raises revenue guidance again but H1 losses grow to $650m
DraftKings increased its revenue guidance again after recording half-year revenue of $609.8m, up 282.3% from 2020, though losses also continued to grow as operating expenses…
PlayAGS sees significant year-on-year improvement in Q2 results
Gaming machine provider PlayAGS has reported a revenue of $66.8m in its second quarter 2021 results, an increase of 298.1% year-on-year. Results were largely positive…
Zynga announces acquisitions as it returns to profit in first half
Zynga posted a net profit of $4.8m for the first half of its 2021 financial year after a 63.7% year-on-year increase in revenue during the…
Accel Entertainment raises guidance after 226.6% revenue growth in H1
Gaming terminal business Accel Entertainment has reported a half-year 2021 revenue of $349.0m in largely successful results for the company. This was a revenue increase…
Playtika seeks M&A after lower H1 costs help business return to profit
The chief financial officer of social gaming business Playtika said the business is excited about future merger and acquisition opportunities, as slightly higher revenue and…
State of the Union: theScore, VICI, MGM and more
This week’s State of the Union, in partnership with Segev LLP, is highlighted by two multi-billion-dollar mergers, but also includes financial results from a number…
Penn National Gaming reports Q2 revenue increase as it announces theScore acquisition
Penn National Gaming has recorded revenue figures of $1.55bn for the second quarter of 2021, in a half-year report that coincided with the company’s acquisition…
Penn National to acquire theScore for $2.0bn as it seeks own platform
Penn National Gaming has agreed a deal to acquire Canada-based theScore in a $2.0bn cash-and-stock deal, with chief executive Jay Snowden suggesting he plans to…
Wynn Resorts records year-on-year success in H1 2021
Wynn Resorts has reported a revenue of $1.72bn in a profitable half-year for the company, a rise of 66.1% compared to the half-year 2020 results, which…
Everi returns to profit in first half as revenue more than doubles to $311.7m
Casino and financial technology company Everi posted a comprehensive profit of $56.9m for the first half of its 2021 financial year after seeing revenue more…
MGM posts $227.1m net loss in H1 despite revenue growth
MGM Resorts International reported an overall net loss of $227.1m for the first half of its 2021 financial year despite experiencing a 54.0% year-on-year increase…
VICI to acquire MGM Growth Properties in $17.2bn deal
VICI Properties, the real estate investment trust spun off from Caesars Entertainment in 2017, has agreed to acquire MGM Growth Properties, itself spun off from…
Losses widen at Caesars despite 615% revenue growth in first half
Caesars Entertainment Inc. saw its net loss increase to $352m during the first half of its financial year, despite experiencing a 615.7% year-on-year increase in…
IGT ups 2021 guidance after revenue grows to $1.04bn in Q2
Gaming and lotteries supplier International Game Technology (IGT) upped its revenue and operating profit guidance for 2021 after Q2 revenue grew 73.5% to $1.04bn, while…