Evolution core profit beats forecasts

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Yogonet

Evolution's full-year 2023 revenues hit $1.45 billion, propelled by live casino surge

B2B online casino solutions provider Evolution saw its operating revenues increase by 16.6% to EUR 475.3 million ($513 million) in the fourth quarter of 2023. For the full year, operating revenues grew 23.5% to EUR 1.8 billion ($1.94 billion). EBITDA increased by 20.5% to EUR 337 million ($363.6 million) in Q4 and 25.7% to EUR 1.26 billion ($1.35…

Live Gambling ・ 03 February 2024

Review Journal

Gaming equipment manufacturers riding same growth wave as casinos

As the casino industry continues to show resilience in its rebound from the pandemic, so too is the gaming equipment manufacturing sector. No company may be showing more resiliency than Las Vegas-based Light &Wonder Inc., formerly Scientific Games Corp. In the past 18 months, the company has changed its name, strategic vision, board of directors,…

Industry ・ 03 December 2022

Review Journal

Caesars Entertainment says Las Vegas market still strong

Caesars Entertainment Inc. improved its third-quarter revenue when compared to the same time a year earlier, according to its earnings report shared Tuesday. For the quarter that ended Sept. 30, Caesars Entertainment reported net income of $52 million, or $0.24 per share, on revenue of $2.89 billion. During the same period last year, it reported a…

Land-based ・ 01 November 2022

iGaming Brazil

High demand for live casinos drives Evolution's quarterly revenue

Evolution reported a 37% increase in revenue for the third quarter of the year, driven by a "high demand" for live casino content. The group generated 378.5 million euros (US$381 million) in operating income in the third quarter, up from 276 million euros in the prior-year period. EBITDA, in turn, increased by 35% to 261 million euros. However,…

Finance ・ 11 November 2022

Wild Casino

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Defense World

Las Vegas Sands Corp. (NYSE:LVS) Shares Sold by Toronto Dominion Bank

Toronto Dominion Bank decreased its position in Las Vegas Sands Corp. (NYSE:LVS - Get Rating) by 9.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 170262 shares of the casino operator's stock after selling 17437 shares during the quarter.…

Travel ・ 15 August 2022

Defense World

Las Vegas Sands (NYSE:LVS) Shares Gap Up to $33.17

NYSE:LVS - Get Rating) gapped up prior to trading on Tuesday. The stock had previously closed at $33.17, but opened at $35.11. Las Vegas Sands shares last traded at $35.46, with a volume of 247151 shares changing hands. Several equities analysts recently issued reports on LVS shares. Barclays started coverage on shares of Las Vegas Sands in a…

Travel ・ 30 June 2022

Defense World

Las Vegas Sands Corp. (NYSE:LVS) Expected to Announce Quarterly Sales of $1.03 Billion

Analysts expect Las Vegas Sands Corp. (NYSE:LVS - Get Rating) to announce sales of $1.03 billion for the current quarter, according to Zacks. Five analysts have provided estimates for Las Vegas Sands' earnings, with estimates ranging from $759.40 million to $1.22 billion. Las Vegas Sands reported sales of $1.17 billion in the same quarter last…

Travel ・ 01 June 2022

Defense World

Zacks: Brokerages Anticipate Las Vegas Sands Corp. (NYSE:LVS) to Announce -$0.19 EPS

Brokerages expect Las Vegas Sands Corp. (NYSE:LVS - Get Rating) to report ($0.19) earnings per share for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Las Vegas Sands' earnings. The highest EPS estimate is ($0.03) and the lowest is ($0.29). Las Vegas Sands reported earnings of ($0.26) per…

Travel ・ 30 May 2022

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Defense World

Las Vegas Sands Corp. (NYSE:LVS) Receives Consensus Recommendation of “Hold” from Analysts

Las Vegas Sands Corp. (NYSE:LVS - Get Rating) has received an average recommendation of "Hold" from the fifteen ratings firms that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation, three have issued a buy recommendation and one has given a strong…

Travel ・ 24 May 2022

Defense World

Q4 2022 EPS Estimates for Las Vegas Sands Corp. (NYSE:LVS) Decreased by Jefferies Financial Group

Las Vegas Sands Corp. (NYSE:LVS - Get Rating) - Analysts at Jefferies Financial Group reduced their Q42022 EPS estimates for Las Vegas Sands in a research note issued to investors on Thursday, April 28th. Jefferies Financial Group analyst D. Katz now anticipates that the casino operator will post earnings of $0.27 per share for the quarter, down…

Travel ・ 29 April 2022

Stock News

BYD: 2 Best Casino Stocks to Buy Right Now

The easing of restrictions on in-person casino visits due to success on the COVID-19 immunization front and growing interest in internet casinos have been fueling the industry's growth. According to the American Gaming Association's (AGA) Commercial Gaming Revenue Tracker, 2022 started with strong commercial gaming revenue in the United States,…

Finance ・ 19 April 2022

MarketBeat

Las Vegas Sands Corp. (NYSE:LVS) Expected to Announce Earnings of -$0.21 Per Share

Equities analysts expect Las Vegas Sands Corp. (NYSE:LVS - Get Rating) to announce earnings of ($0.21) per share for the current quarter, Zacks reports. Four analysts have made estimates for Las Vegas Sands' earnings, with the highest EPS estimate coming in at ($0.08) and the lowest estimate coming in at ($0.28). Las Vegas Sands reported earnings…

Strategy Guide ・ 28 March 2022

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The Star

Entain's online gambling growth slows but betting shops rebound

Industry ・ 23 January 2022

Money Week

Three safe bets on the growing online gambling sector

We have a bullish view on the global sports betting and iGaming (online gambling) industries. We are most excited by the US market, where Goldman Sachs expects revenues to increase 23-fold from $2.3bn in 2020 to $53bn in 2033 - a compound annual growth rate of 27%. The key growth drivers are pent-up demand and an easing regulatory environment,…

Industry ・ 29 November 2021

Yogonet

High demand for Evolution's Live Casino drives 97% revenue growth

Live Casino saw 53% growth year-on-year, EBITDA increased by 113%, while RNG revenue grew 7.9%. Throughout the period, the company continued its expansion with the US market and signed an agreement to acquire iGaming developer DigiWheel. Evolution is currently rolling out its updated integration for casino, One Stop Shop, and is advancing on new…

Finance ・ 14 November 2021

Reuters

Casino sales back to growth in Q3, partners with Gorillas

PARIS, Nov 4 (Reuters) - Retailer Casino (CASP.PA) said on Thursday that sales momentum gradually improved in the third quarter, as easing COVID-19 restrictions helped its performance in France and sales growth in Brazil, the group's second-largest market, remained robust. Casino, which has been boosting its profitability through purchasing deals…

Industry ・ 04 November 2021

Stock News

GDEN: 2 Under the Radar Casino Stocks Rated 'Strong Buy'

The gradual easing of restrictions on in-person casino patronage following solid progress on the vaccination front and growing interest in online casinos have been driving the industry's growth. The four regional casino markets that track visitation in July reported their strongest visitation numbers since the pandemic's start. According to the…

Finance ・ 17 September 2021

Market Screener

Evolution's quarterly earnings jump on casino games boost

STOCKHOLM, July 21 (Reuters) - Sweden's Evolution ABreported a 115% jump in second-quarter core earnings,beating market estimates, as the pandemic boosted demand foronline casino games, particularly in the United States. The company, which makes online slot machines and roulettegames, has seen more customers turning to online games and theUnited…

Games ・ 21 July 2021

Entrepreneur

2 Casino Stocks with More Than 50% Potential Upside, According to Wall Street

Easing social distancing restrictions, facilitated by solid progress on the vaccination front, and pent-up demand for travel, have driven a significan... Stay informed and join our daily newsletter now! 6 min read Easing social distancing restrictions, facilitated by solid progress on the vaccination front, and pent-up demand for travel, have…

Finance ・ 28 July 2021

Reuters

Sweden's Evolution bets online casinos will outstrip physical venues

Swedish gambling technology company Evolution (EVOG.ST) is betting online casinos will increasingly replace physical venues and help to maintain its rapid recent expansion. Evolution shares have jumped 170% over the past year, boosted by growing demand for online casinos during lockdowns, pushing its market value up to 314 billion crowns ($38…

Movies ・ 26 May 2021

Market Screener

tops forecast as pandemic boosts online casino games

Covid ・ 10 May 2021

Reuters

After snubbing MGM advance, Ladbrokes owner seeks to buy Swedish rival

Covid ・ 19 January 2021

Reuters

Online casino games maker NetEnt sees room for further expansion

STOCKHOLM (Reuters) - Sweden's NetEnt, which makes online slot machines and roulette games, wants to double its share of the global market to 30 percent despite doubts about whether it can sustain its rapid growth and an uncertain U.S. regulatory landscape. NetEnt is one of a cluster of tech firms in Stockholm which are punching above their weight…

Games ・ 24 May 2021

Gambling Industry News

Evolution Q3 Report Reveals 45% Growth in Live Casino Business

Online gaming provider Evolution has released its revenue report for the third quarter of 2022 revealing that operating revenues for the period grew by 37.1% to €378.5 million from €276 million in Q32021. Earnings before interest, taxes, depreciation, and amortization (EBITDA) increased by 35.3% to €261.0 million giving the company a margin of…

Live Gambling ・ 27 October 2022