DraftKings’ chief financial officer Alan Ellingson said achieving a first year of positive adjusted EBITDA made 2024 a “milestone year” for the North American gaming and betting operator. Company revenue for the 12-month period rose to US$4.77bn, up from $3.67bn, with Q4 contributing revenue of $
Red Rock Resorts reported fourth-quarter increases in revenue and adjusted earnings, while net income fell, the company announced Tuesday.Net revenue was $495.7 million for the fourth quarter, an increase of 7.1% or $33 million from $462.7 million in the same period of 2023. Net income was $87.7 mil
These milestones reflect the brand’s expansion and its strengthened presence in regulated markets, as well as industry-leading product innovation and credibility on a global scale. Important iGaming turnkey solutions supplier Soft2Bet has shared a very positive 2024 Growth Report today. The 74-pages
Bragg Gaming Group has stated that its Special Committee has concluded its strategic alternatives process, with its board declining several proposals.In its financial results for the third quarter of 2024, the company remarked that its board “unanimously determined that none of the proposals receive
Gentoo Media (formerly known as the Game Innovation Group) reported that its revenue for the third quarter of 2024 achieved a record increase, a result of its recent restructuring efforts and focus on high-value markets.The company's revenue for the third quarter of 2024 grew by 35% year-over-year t
Bragg Gaming Posts Q3 Report, Shares Plummet as Execs Rule Out SaleBragg Gaming Group has published its Q3 report, highlighting a stable and growing business with record-breaking revenue growth. The company, however, saw its share price decline after it denied a potential sale of its business.The Co
Bragg Gaming Group says none of the proposals received regarding a potential sale or merger reflected the company’s “intrinsic value,” as it posted record third-quarter revenue. A special committee began looking into strategic alternatives for Bragg in March, with a “significant number” of potent
Flutter Publishes Q3 Results, Prepares for Share BuybackGambling and betting giant Flutter Entertainment has published its Q3 report, highlighting significant increases across multiple metrics. As a result, the company updated its guidance, introducing a small raise, and announced the launch of the
Strength in the Las Vegas Locals market propelled Red Rock Resorts to a record third quarter for revenue and adjusted earnings. Stephen Cootey, the company’s executive vice president and chief financial officer, said Red Rock approached its historical adjusted earnings margin in the quarter.“Durango
Wynn Resorts reported healthy demand in Las Vegas for its luxury segment during the third quarter, saying revenue rose 1% and adjusted earnings were flat over difficult comparisons with the third quarter of 2023.During an earnings call Monday, CEO Craig Billings said Wynn Las Vegas and Encore grew h
RSI Posts Strong Q3 Report, Boosts FY GuidanceLeading gaming and betting operator Rush Street Interactive (RSI), published its financials for the quarter ended September 30, outlining a vast increase in revenue and income.Because of the strong performance, Rush Street Interactive updated its guidanc
Evoke announced a 3% increase in revenue for the third quarter of 2024, reaching 417 million pounds (544 million dollars). This marks the company's first year-over-year revenue growth since the first quarter of 2022. The overall performance was primarily due to strong growth in core international ma
FDJ Posts YTD Results as Moody’s Reiterates Good ESG RatingLa Française des Jeux (FDJ) has published its official report for the first nine months of the year, reporting strong results in the wake of the merger with Kindred Group. The company’s recent acquisition cemented it as a “European champion”
Penn Entertainment, the operator of ESPN Bet, expects a smaller-than-anticipated loss from its online gambling division for the third quarter, with the company forecasting a loss of $90 million to $100 million, down from its earlier projection of up to $135 million. The revision in loss before inter
The Hong Kong Jockey Club (HKJC) has announced its financial results for the 2023/24 fiscal year, ending June 30, 2024, following its Annual General Meeting (AGM) held on September 4. Despite facing significant challenges, including a tough macroeconomic climate,the rise of illegal gambling, and gro
Playtechreported an 11% rise in adjusted EBITDA to €243 million ($271 million) for the first half of 2024, as the company’s strategic focus on its B2B operations bolstered its financial performance. Revenue increased 5% year-on-year to €906.8 million ($1 billion), driven primarily by its thriving B2