Wednesday, December 2, 2020

Tag: revenue

Strong VIP drives 15 percent GGR growth at NagaWorld in Q1

NagaCorp gaming revenues
NagaWorld’s gross gaming revenue rose 15 percent year-on-year to $368.9m for the first three months of 2020, thanks to strong growth in the VIP segment.

Silver Heritage net loss rises due to Tiger Palace impairment charge

Silver Heritage Group financial results
ASX-listed Silver Heritage Group reported its full-year net loss attributable to shareholders rose by 215.4 percent from the prior year, mainly due to an impairment charge to with the company’s Nepal operations.

Macau’s gaming revenue fell 88 percent in February

Macau gaming revenue
Following a shutdown as a precaution against coronavirus, Macau’s casinos suffered their worst recorded revenue drop in February, with the situation..

Pagcor sees Q119 income jump almost ten percent

Pagcor financial
Pagcor has reported its net income for the first three months of 2019 rose 9.5 percent from the same period last year to hit $30m, after a rise in gaming..

Intralot celebrates WyoLotto success

INTRALOT WYOLOTTO
Intralot has congratulated its partners at Wyoming Lottery Corporation on surpassing $5.4m in local treasury transfers in FY2019. This is the highest annual transfer total to the State Treasurer’s Office since WyoLotto launched in August 2014. This comes in addition to the recent Sharon Sharp Award that WyoLotto received for being the lottery that achieved the highest percentage increase in...

Full House Resorts sees small Q3 revenue rise

Full House Resorts, Q3, revenue, finance
Full House Resorts saw a modest improvement in its Q3 results, driven by Mississippi’s Silver Slipper Casino and Hotel. Full House Resorts hailed Q3 2018 as a solid quarter, with the company seeing a modest 0.7 percent rise in net revenues. Full House reported that net revenues for the third quarter increased to $44.0m from $43.7m in the prior-year period. Net...

November marks 28th consecutive month of growth for Macau

Macau, casino, revenue, financials
Macau’s casino revenue exceeded analysts’ predictions in November, with GGR coming in at MOP 25bn($3.1bn), a rise of 8.5 percent year-on-year. The figure was confirmed by Macau’s Gaming Inspection and Coordination Bureau, beating analysts median growth estimates by four percent. However, while November was Macau’s 28th consecutive month of growth, it also marked the third month in a row which saw...

Scientific Games announces third quarter 2018 results

sg gaming results
Scientific Games Corporation has announced its reported results for the third quarter ended September 30, 2018. Scientific Games also highlighted that its revenue growth reflects continued momentum and giving 'a clear avenue for deleveraging'. Third Quarter 2018 Financial Highlights: • Third quarter revenue rose 7 percent to $821.0 million, up from $768.9 million in the year ago period, reflecting $46.5 million in...

Atlantic City sees 22.5 percent revenue rise in August

Atlantic City, revenue
There is cause for celebration over in Atlantic City as the east coast gaming hub posted August revenues up 22.5 percent on the same month last year. Whilst the opening of two new properties this summer and the recent introduction of sports betting clearly had an effect on the increased figures there were still a number of other encouraging stories...

Ireland’s tax agency continues crackdown on casinos

ICR 190 EUROPE IRELAND
The Revenue Commissioners is in the midst of a crackdown on tax and licensing non-compliance in the gaming sector, as Dublin’s casino operators continue to face uncertainty due to the lack of a clear legislative framework for the industry. The Revenue Commissioners - the Irish Government agency responsible for taxation - began a crackdown on the gaming sector last year,...

Five percent growth in Mississippi’s aggregated gross gaming revenues

It’s good news down in Mississippi as aggregated gross gaming revenues for April reportedly grew five percent on the year prior to reach $184m. This increase is down in no small part to the state’s gulf 12 Gulf coast properties breaking previous records for takings in the month. Figures from the Mississippi Department of Revenue highlight that the dozen venues, which...

Return of the Mack: Atlantic City doubles up on revenue growth

Atlantic City
With the market preparing itself for the opening of two new premises a recent financial report has shown that Atlantic City casino revenues grew for the second consecutive year in 2017 after a decade of decline. Atlantic City saw its second straight year of gaming revenue growth in 2017, according to recent figures, in news that is sure to breed...

Macau casino revenue hits 28 per cent growth

ICR-Macau
Macau's gambling revenue has jumped to 28 per cent beating analysts predictions and continuing a long run of sustained support by avid Chinese gamblers. Gambling revenue in the Chinese territory of Macau has increased 27.6 per cent in April, helped by the demand from Chinese betters keen to play in the country’s only legal casino hub. April marks the 21st month...

Tides turning on Atlantic City fortunes

ICr - Atlantic City
Gaming in New Jersey is on the rise following a period of poor performances, with investment into Atlantic City properties and a boost in revenues from casinoregulated online gaming reinvigorating the market, reports Tom Rush.   Atlantic City, and all its mansions of glory, has weathered turbulence becoming of its position of coastal exposure, but it now appears the clouds of...

Plainridge sees revenue rise thanks to expanded events offering

ICR - Plainridge
Massachusetts’ sole casino is holding its own thanks to a marketing strategy targeting a younger demographic, but the slots parlour is set to face increasing competition with two large-scale venues due to open their doors in the state.   As Plainridge Park Casino - Massachusetts’ first, and so far only casino - approaches its two-year anniversary, a new marketing strategy aimed...

Revenue growth sees Playtech poised for further purchases

Casino review - Playtech revenue growth
Things are looking good for online gaming’s most procurement-prone provider. 2016 saw Playtech achieve three strategic M&As, an impressive record of customer renewals, and 20 percent growth in revenue, with the “window wide open” for further acquisitions.   Among the accolades posted by iGaming provider, Playtech, was a 20 percent rise in revenues for the 12 months to NYE, opening a...

STAY CONNECTED

4,304FansLike
1,063FollowersFollow

SECTOR NEWS