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ANJ: France’s Gambling Market Achieves Record €12.9B in 2022

France’s national gambling authority, l’Autorité Nationale des Jeux (ANJ), published its 2022 market report, showing disparities across the different verticals. Brick-and-Mortar Gambling on the Rise Gross gaming revenue for the year reached a record €12.9 billion ($13.9 billion), posting an increase of 20% compared to 2021, spearheaded by operators holding exclusive rights (La Française des […]

Genting Malaysia narrows loss in 1Q, records revenue of US$494 million

International casino operator Genting Malaysia Bhd recorded total first-quarter revenue of just above MYR2.28 billion (US$493.7 million), up 32.7 percent from the prior-year period. Judged sequentially, group-wide revenue was down 6.2 percent, according to a Thursday filing to Bursa Malaysia. The group reported first-quarter adjusted earnings before interest, taxation, depreciation, and amortisation (EBITDA) of MYR592.9 […]

Aristocrat’s H1 Financials Shine as They Benefit from Aggressive Expansion

Global gaming solution provider Aristocrat Leisure has reported positive financial results for the first half (H1). The company’s focus on diversifying its portfolio through strategic acquisitions is already paying dividends, ensuring fiscal stability despite macroeconomic pressures. North American operations performed exceedingly well, justifying further investments in the region. Revenue Growth Retains Its Momentum Aristocrat’s H1 […]

Newport World Resorts’ GGR increases by 36% YoY in 1Q

The owner and operator of Philippine casino and leisure complex Newport World Resorts (pictured), in the capital Manila, said first-quarter overall revenues rose 62.9 percent year-on-year, to PHP7.90 billion (US$140.9 million). First-quarter gross gaming revenues increased by 36.2 percent during the period, to just above PHP8.89 billion, according to a Tuesday filing. Net profit for […]

Caesars Releases Q1 Report and Aims to Minimize Unpaid Debt

Caesars Entertainment has published its Q1 2023 report, highlighting its financial performance during the period. The company recorded rising net revenues, while net losses continued to decrease. In Q1 2023, Caesars saw its quarterly revenues rise to $2.8 billion, representing an increase of 23.7% from Q1 2022’s results. Meanwhile, the company’s net losses decreased as […]

Critics Claim NSW’s Pokies Industry Has Revived by Exploiting Vulnerable Individuals

Liquor and Gaming NSW, a regulatory body responsible for gambling in the Australian state of New South Wales, has published the local pokies industry’s 2022 results. The financial figures show that the sector has rebounded since the end of the COVID-19 pandemic but some fear this might be at the expense of the players’ safety. […]

Miami land deal boosts credit rating for GEN Bhd, says Moody’s

Casino investor Genting Malaysia Bhd’s proposed disposal of several land plots in Miami, Florida in the United States, can boost the consolidated liquidity of its parent, Genting Bhd, says Moody’s Investors Service Inc. The ratings house adds that post transaction, Genting Bhd’s cash holdings on a pro forma basis are expected to be MYR27.3 billion […]

GEN Malaysia to Offer Miami Plots for Sale at a Price of $1.2 Billion

Global casino operator Genting Malaysia Bhd says one of its units has a “conditional sale and purchase agreement” for the disposal of several land plots in Miami, Florida, in the United States, for a total cash consideration of just below US$1.23 billion. The firm said it expected a gain on disposal of US$967 million, according […]