Online casino leads 888 to third quarter revenue growth

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Gaming Intelligence

Ohio casino revenue down by 2% in August

Land-based gaming revenue at Ohio's four casinos declined by 2 per cent to $82.4 million in August, caused by a fall in table gaming win. Revenue from tables games decreased by 12 per cent to $22.3 million on wagers of $98.4 million. All four Ohio casinos reported year-on-year declines in table revenue, with the Hard Rock Cincinnati showing the…

Finance ・ 06 October 2023

Gaming Intelligence

Ohio gaming revenue falls to $86 million in July

Gaming revenue in Ohio fell by 3 per cent to $86.0 million in July, with revenue from both slots machines and table games down year-on-year. Slot machine revenue from Ohio's four casinos was 1 per cent lower than last year at $62.8 million. The Hollywood Columbus earned the highest monthly slot revenue at $18.3 million, followed by the Hollywood…

Finance ・ 07 September 2023

Gaming Intelligence

New York posts $57 million in July commercial gaming revenue

Gaming revenue at New York's four commercial land-based casinos was 9 per cent lower at $57.1 million in July. July saw year-on-year revenue declines across all gambling sectors in the commercial casinos. Slot machine revenue was down by 6 per cent to $42.2 million and table gaming revenue declined by 16 per cent to $13.4 million. Revenue from…

Finance ・ 15 August 2023

Gaming Intelligence

Michigan commercial casino revenue grows 11% in February

The three commercial casinos in Michigan grew revenue from land-based gaming and retail sports betting by 11 per cent in February to $105.5m. All three casinos saw year-on-year growth in their slots and table games revenue, with MGM Grand Detroit remaining market leader with gaming revenue of $50.1m, which was 8 per cent higher than February…

Finance ・ 15 March 2023

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Gaming Intelligence

Nevada gambling revenue climbs to $1.31bn in December

Nevada's gambling market ended 2022 on a high note as total gaming revenue increased by 14 per cent to $1.31bn. December marked the 22nd consecutive month in which the state's casinos reported at least $1bn in gaming revenue. Slot machines revenue grew by 2 per cent year-on-year to $803.5m in December, with Multi Denomination slots contributing…

Finance ・ 01 February 2023

Gaming Intelligence

Retail recovery drives gaming revenue growth in Lithuania

A record performance from Lithuania's online gambling sector in 2022, combined with a recovery from the retail gambling sector, helped overall revenue grow by 44 per cent to €195.8m. Retail gambling revenue (excluding lottery) more than doubled in 2022 to €74.1m (2021: €34.0m), with betting, table games and slot machines all showing year-on-year…

Finance ・ 31 January 2023

Gaming Intelligence

Nevada gambling revenue tops $13.5bn despite November decline

Nevada's gambling revenue decreased by 8 per cent to $1.22bn in November, taking total revenue for the first 11 months of the year above $13.5bn, higher than 2021's annual total. Most games recorded declines in November, with the exception of slot machines, which were up by 1 per cent to $871.1m and roulette revenue, which rose 10 per cent to…

Finance ・ 04 January 2023

Gaming Intelligence

Spanish Q3 iGaming revenue tops €240m on betting and slots growth

Spain's quarterly online gambling revenue rose by 31 per cent to €240.8m during the third quarter of 2022, helped by strong growth from online slots and live dealer roulette. Online casino gross gaming revenue (GGR) was up by 28 per cent year-on-year to a new quarterly high of €128m, equivalent to 53 per cent of the total market, with online slot…

Industry ・ 04 January 2023

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Gaming Intelligence

Denmark gambling revenue grows just 2% in Q3

Denmark's third quarter gambling revenue was DKK1.69bn (€228m), showing just 2 per cent growth on the previous year. Online casino was the largest sector by revenue (43 per cent) and was the only one to show growth, up by 10 per cent year-on-year at DKK721m.Denmark Gambling Revenue: Q32022 (DKK) Within the online casino sector, online slots had…

Finance ・ 22 December 2022

Emerging Europe

The impact of the war in Ukraine on Eastern Europe's most promising gambling markets

Eastern Europe has become a prominent market with solid growth potential for the entertainment industry, and companies are seeking opportunities to build strategic advantage in the region. But what has been the impact of the war in Ukraine? Over the past decade, the European gambling market has shown significant growth. Thanks to regulatory bodies…

Industry ・ 26 October 2022

Gaming Intelligence

Online casino drives growth in Portugal in Q2

Portugal's regulated online betting and gaming market grew revenue by 17 per cent in the second quarter of 2022, despite a decline in sports betting. Total gross gaming revenue (GGR) generated by the country's 15 licensed online operators increased to €146.4m in the second quarter of the year, buoyed by a 42 per cent increase in online casino GGR…

Sports ・ 09 August 2022

News18

IAMAI Urges GST Council To Keep 18% Tax On Online Gaming

There is no clarity on whether this will apply only to real money games or casual games as well, given that the former being a sub-segment of online gaming. The Internet and Mobile Association of India (IAMAI) on Monday urged the GST Council to continue maintaining the GST on online gaming at 18 per cent and any further increase will hamper the…

Finance ・ 17 May 2022

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Gaming Intelligence

Detroit commercial casinos grow revenue to $122.9m in March

Michigan's three commercial casinos in Detroit have reported an 8 per cent increase in monthly aggregate revenue to $122.9m for March 2022. March revenue from land-based slots and table games rose by 9 per cent year-on-year to $120.9m - the market's best monthly performance since January 2020 - with retail sports betting contributing a further…

Finance ・ 13 April 2022

Gaming Intelligence

Online casino drives strong revenue growth at OPAP

Greek gaming and lottery operator OPAP has reported a 36 per cent increase in gross gaming revenue (GGR) to €1.54bn in 2021, after seeing revenue more than double during the final quarter of the year. Total Q4 GGR rose by 116 per cent year-on-year to €498.5m, buoyed by growing contributions from the online division and a full operational quarter in…

Finance ・ 23 March 2022

This Is Money

Ladbrokes owner cuts profit forecast as online gambling boom falters

Gambling group Entain has narrowed its guidance as 23 consecutive quarters of digital revenue growth came to a shuttering end. The Ladbrokes and PartyPoker owner forecasts making between £875million and £885million in underlying earnings for the 2021 financial year, against a much broader previous estimate of £850million to…

Industry ・ 20 January 2022

This Is Money

Casino gaming helps 888 achieve a 'record' year of revenue

Gambling company 888 Holdings has posted a record year of trade despite a slowdown in the fourth quarter, thanks to handsome growth in casino gaming. The Gibraltar-based group saw its revenue surge by 14 per cent to $972million last year, with around three-quarters of takings deriving from its regulated and taxed markets, which include the UK,…

Finance ・ 18 January 2022

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Gaming Intelligence

New Jersey iGaming revenue grows 41% to $1.37bn in 2021

New Jersey's regulated betting and gaming market grew by 64 per cent in 2021 as total gaming revenue reached $4.74bn, of which nearly a third was generated from online gambling. The state's licensed casinos and racetracks recorded a strong finish to the year as December gaming revenue increased by 29 per cent year-on-year to $404.1m The biggest…

Finance ・ 18 January 2022

Yorkshire Post

Sky Bet owner acquires online bingo operator Tombola for £402m

Flutter Entertainment's acquisition of Tombola will help diversify the Sky Bet owner's products and enhance the firm's online gaming presence in its core UK market. Tombola has teams primarily located in Sunderland and Gibraltar and a fully regulated revenue base with over 80 per cent coming from the UK and 16 per cent from Italy and Spain. The…

Bingo ・ 09 August 2022

Gaming Intelligence

MGM Grand dominates Michigan commercial casino market in August

Michigan's three commercial casinos in Detroit have reported total aggregate revenue of $113.8m for the month of August. Retail betting and gaming revenue rose by 62 per cent year-on-year, but fell by 3 per cent compared to the previous month, with table games and slots revenue amounting to $112.2m and retail sports betting revenue of $1.6m. Table…

Industry ・ 15 September 2021

Gaming Intelligence

Record iGaming performance drives New Jersey growth in July

New Jersey's regulated betting and gaming market has seen total gaming revenue increase by 70 per cent to $450.6m in July, buoyed by a record performance from licensed iGaming operators. The year-on-year revenue growth reflected operating restrictions imposed last year as a result of Covid-19, with Atlantic City casinos reopening on 2 July 2020. As…

Covid ・ 17 August 2021

Gaming Intelligence

Michigan commercial casino revenue climbs to $116.9m in July

Michigan's three commercial casinos in Detroit saw retail betting and gaming revenue increase by 8 per cent compared to the previous month to $116.9m in July. Table games and slots revenue rose by 9 per cent month-on-month to $115.7m, with retail sports betting contributing $1.2m. Compared to July 2019, revenue from table games and slots were down…

Finance ・ 11 August 2021

Gaming Intelligence

Michigan commercial casinos generate April revenue of $109m

Michigan's commercial casinos generated monthly aggregate revenue of $109.0m in April, including retail sports betting revenue of $1.5m. With zero revenue generated in the comparable period last year as venues were closed due to Covid-19, aggregate revenue from the state's three commercial casinos in Detroit fell by 13 per cent compared to April…

Finance ・ 14 May 2021

Gaming Intelligence

Evolution Gaming doubles first quarter revenue to €235.8m

Stockholm-listed casino supplier Evolution Gaming has seen revenue more than double to €235.8m in the first quarter of 2021. Revenue was buoyed by a record performance from the company's live casino offering, which rose 60 per cent to €183.7m, as well as a 6 per cent increase in revenue from RNG games to €52.2m as a result of the acquisition of…

Finance ・ 07 May 2021

Gaming Intelligence

Pennsylvania iGaming revenue soars to new high in November

Pennsylvania's regulated betting and gaming market recorded a 3 per cent drop in total revenue to $284.3m in November, despite another record performance from iGaming during the month. Total gambling revenue continued to be impacted by declines within the land-based sector, where slot machine revenue fell 32 per cent year-on-year to $129.5m and…

Finance ・ 19 January 2021

Journalism

Danish gaming market sees growth in 2019 thanks to online casinos

Denmark's gaming market saw considerable growth in 2019, thanks to the country's online casinos. According to Danish regulator Spillemyndigheden, the online casino segment's gross gaming revenue increased 8.1 per cent to DKK2.33 billion. It was the only vertical to record a yearly increase in revenue for 2019. Q2 was the top performer as it…

Industry ・ 04 February 2021