Finance
Mohegan hails digital growth as revenue rises in Q2
The Mohegan Tribal Gaming Authority said year-on-year growth within its digital division in the second quarter helped drive total revenue up 13.2%. Mohegan experienced growth…
Golden Entertainment revenue stable in Q1
Revenue at Golden Entertainment remained relatively stable for the first quarter of the year, growing by just 1.6% to $278.0m. During the quarter, Golden Entertainment…
PlayAGS on track to deleverage as revenue hits record $83m in Q1
Gaming equipment and services provider PlayAGS is on track to exit 2023 within its targeted 3.25 to 3.75 debt to EBITDA ratio as it posted…
Bally’s raises earnings guidance after Q1 growth
Bally’s Corporation has increased its full-year adjusted EBITDAR guidance following growth in the first quarter of its 2023 financial year. The operator reported “strong” growth…
Full House posts Q1 net loss as higher costs offset revenue growth
US casino operator Full House Resorts reported a net loss for the first quarter of 2023 after a rise in expenses offset a 21.0% year-on-year…
Higher costs offset revenue growth at Red Rock in Q1
Red Rock Resorts reported an 8.0% increase in revenue for the first quarter of 2023, but a rise in spending led to a short decline…
Penn expects Barstool acquisition to build on Q1 growth
Penn Entertainment said its acquisition of Barstool Sports in February will build on success in the first quarter and help it achieve further growth, with…
DraftKings increases FY guidance after Q1 growth
DraftKings raised full-year guidance for revenue and adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) following growth in the first quarter of its 2023…
RSI on track for profitable second half after Q1 growth
Rush Street Interactive (RSI) remains on track to achieve profitability in the second half of the 2023 financial year following growth during the first quarter.…
Delaware sports betting handle continues to decline in March
Player spending on sports wagering in Delaware fell to a seven-month low in March, though the state was able to report an increase in igaming…
Digital growth helps Caesars cut net loss in Q1
Caesars Entertainment cut its net loss by 80.0% during the first quarter of 2022 following a 23.5% increase in revenue, driven by growth in Las…
MGM returns to Q1 net profit after revenue rises 35.8%
MGM Resorts International returned to net profit in the first quarter of its 2023 financial year after year-on-year growth across all operating segments pushed revenue…
GLPI posts record revenue in first quarter
Gaming and Leisure Properties Inc. (GLPI) reported record revenue for the first quarter of its 2022 financial year, while the business also experienced a year-on-year…
PointsBet confirms North American sales talks
Australian gaming operator PointsBet confirmed that the business is “currently in discussion with multiple parties” regarding the sale of its North American business. The company…