Thursday, March 30, 2023

Tag: Revenues

MGM expects Macau demand to improve in H2

MGM Cotai
The company opened new luxury suites at MGM Cotai in August and said it is in the process of enhancing the “F&B options focused on the gaming floors” at both its Macau properties.

Online growth offsets fall in Sweden’s land-based revenues

Online growth offsets fall in Sweden land based revenue
Full year gambling revenue in Sweden came to SEK24.69bn (EUR2.44bn), down just 0.4 percent on the previous year. Declines in land based gaming due to the coronavirus pandemic were offset by growth in the online sector.

NOVOMATIC AG’s half-year result sees record revenue and clear earnings improvement

NOVOMATIC, Europe’s leading gaming technology group, recorded around 700 new employees in the first half of the 2018 financial year, with revenue increasing by 12.6 percent to a new record despite regulatory challenges. The firm's sales increased to EUR 1,365.3 million in the first six months, compared to EUR 1,212.0 million in the first half of 2017. The sales revenue...

Non-gaming activities boost Nevada revenues

Casino Review Financial Nevada
Statistics compiled in the annual Gambling Abstract report show that Nevada’s largest casinos have at last turned the corner to profitability, but surprisingly not solely through growth in gaming.   They generated $1.6bn against total revenue of $26.2bn over the year ended June 30 2017, with the lion’s share of that income driven by rooms, food, beverage and other elements of...

Quixant sees revenues jump 38 percent

ICR - Quixant Australasia
Cambridge-based Quixant has reported group revenue growth of 38 percent to $56.9 million in the six months of the year to 30 June 2017.   COO Jon Jayal credited elevated demand worldwide and said the company continued to invest in its technology, pointing to three recently secured patents granted for gaming technology innovations. Jayal said: “I am delighted to report on a...

US missile system sinks South Korean casino revenue

paradise casino korea missile
South Korean casino operator Paradise suffered a 20.7 percent drop in its casino revenue year-on-year over the first six months of 2017, as the installation of a US missile system kept Chinese consumers at bay.   The operator’s four venues took KRW241.7bn ($209.4m) compared to KRW304.7bn in H1 2016, according to a report filed with the Korea Exchange on 5 July....

NOVOMATIC confirms highest revenues in company history

bege NOVOMATIC Sportradar
NOVOMATIC AG saw its global headcount rise to over 23,500 and revenues increase by 10 percent to an all-time high of around EUR 2.3 billion in 2016.   One of the world’s leading gaming technology companies, NOVOMATIC AG, has recorded the highest revenues in the company’s 36-year history during 2016. According to the company’s annual financial report, revenue in the past financial...

A new power: Online now dominant force in UK gaming

Casino Review Online
Its debut appearance on the regulator’s books and online gaming is already claiming the lion’s share of the UK market. With this rapidly rising sector now controlling a 33 percent stake - and expanding the overall industry by one fifth - is the British model setting the course?   Online gambling has broken the mould in 2016 by becoming the largest...

SG’s revenue growth driven by social gaming and machine sales

Casino Review Scientific Games financial
Scientific Games posts its results for the third quarter, showing social gaming up by 81 percent and a 22 percent spike in machine sales.   Revenues at Scientific Games hit $720m in last three months, driven by huge gains in social gaming and a 22 percent in gaming machine sale. All in, the corporation posted a seven percent increase in revenues, or...

Maryland breaks $100m (again) for August 2016

Casino Review Maryland Casino
Maryland’s young casino trade continues to chalk up big numbers, as its sixth (and last) property – the MGM National Harbour –  readies for launch.   The gaming industry in the US state of Maryland continues to thrive – as the latest figures published by the state’s Lottery and Gaming Control Agency show that casino revenue for the month of August exceeded $100m...

Revenues up for Holland Casino in H1 2016

Casino Review Holland Casino
Holland Casino, the Netherland’s state-owned gaming group, saw its revenues rise by six per cent in the first half of 2016, due primarily to an increase in both visitor numbers and higher average spend per guest.   In the six months to June 30, revenues for the group totalled E203m. Operating income reached E48m, up on the E41m in the prior-year...

Atlantic City revenues down slightly in May

Atlantic City, New Jersey Tropicana
Gross gaming revenues in Atlantic City, New Jersey, were down 0.6 per cent for the month of May, as increased performance in the table game and online sectors failed to offset a continued decline in slots. Overall revenues for the city’s eight casinos totalled $219.8m (E198m), according to figures released by the state Division of Gaming Enforcement. That included $16.5m...

Novomatic toasts record revenues in 2015

Novomatic Revenues Harald Neumann
In fiscal 2015, Novomatic AG recruited some 1,900 new employees and was able to increase its turnover by 5.5 per cent to a new record high of more than E2bn. According to the company’s annual financial report for 2015, Novomatic generated the highest turnover in its 35-year history. Revenues amounted to E2.08bn, which corresponds to a year-on-year increase of 5.5...