Finance
Fox Corporation to acquire digital media platform Outkick
Media giant Fox Corporation has brokered a deal to acquire Outkick Media, a digital media platform founded by US sports journalist and media personality Clay…
AGS reduces losses after cutting costs in first quarter
Gaming technology supplier AGS posted a narrower net loss of $8.6m in the first quarter of its financial year after reducing operating costs and other…
Penn National revenue grows to $1.27bn in Q1 as online GGR rockets
Land-based and online operator Penn National Gaming has published its results for the three months to 31 March 2021, showing that it generated $1.27bn in…
Zynga posts increase in gaming revenue as losses decline
Social gaming company Zynga saw a sharp increase in gaming revenue and overall revenue, but still made a $23m net loss in the first quarter…
Everi returns to profit as revenue reaches record $139.1m in first quarter
Gaming and financial technology business Everi Holdings said record revenue of $139.1m in the first quarter of its financial year helped it return to profit…
Red Rock Resorts enjoys 24.8% gaming revenue growth but posts $71m loss
Red Rock Resorts saw a 24.8% rise in gaming revenue year-on-year in the first quarter of 2021, but impairment costs and difficulties elsewhere due to…
Caesars Entertainment posts $423m net loss in Q1 as Las Vegas revenue tumbles
Caesars Entertainment reported a $423.0m net loss in the first quarter of its financial year, while the operator also suffered a 7.1% decline in net…
Virginia sports betting handle surpasses $300m in March
Players in Virginia wagered $304.1m on sports during March, while the six operators in the US state were able to generate $13.8m in adjusted gross…
Rhode Island sports betting revenue rockets 372.4% YoY in March
The Rhode Island Lottery reported a 372.4% year-on-year increase in sports betting revenue in March, while the state also saw its handle hike 333.7%. Revenue…
Gaming Realms commences trading on OTCQX
Content developer Gaming Realms has today (April 29) started trading its ordinary shares over-the-counter on the OTCQX Best Market in the US. Trading commenced after…
MGM posts $247m Q1 loss as Vegas casinos continue to struggle
MGM Resorts International said consumer demand strengthened in the opening months of 2021 despite posting a Q1 operating loss of $246.7m (£177m/€204m). In its financial…
Boyd returns to profit in Q1 as gaming growth offsets hospitality decline
Boyd Gaming enjoyed a rise in profit and overall revenue in Q1, as growth in gaming revenue offset the fact that hospitality revenue dropped considerably…
Kambi records 55% Q1 revenue increase as profit soars
Kambi has posted Q1 revenue of €43.2m (£37.6m/$52.2m) for 2021, representing a 55.1% increase on last year thanks to continued growth of the US market…
Nevada casinos post first billion-dollar month since February 2020
Gaming revenue in Nevada for March surpassed $1bn, marking the first time since the novel coronavirus (Covid-19) shutdown that it hit this figure. Total revenue…