Tag: financial
“The SIGA Model in Action” Presented by Canadian Gaming Summit
Patricia Cook, Vice President of Corporate Affairs, and Desiree Gervais, Vice President of Human Resources, of the Saskatchewan Indian Gaming Authority, will discuss SIGA’s introduction to the digital gaming market and pioneering approach to regulatory agreements and revenue-sharing models, during an exclusive Keynote Fireside Chat at the 26th edition of the Canadian Gaming Summit. The “First Nations partnerships: the SIGA […]
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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 […]
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Reportedly, Fanatics is in Talks to Acquire PointsBet USA
Fanatics Sportsbook, the sports betting arm of the popular sports merchandise brand, is reportedly in talks to acquire the US business of the Australian sportsbook operator PointsBet. Sources Claim Negotiations Are Ongoing Fanatics is in advanced negotiations to acquire the US assets and operation of troubled sportsbook operator PointsBet, including its innovative “PointsBetting” apparatus, Sports […]
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GeoComply Makes a Significant Acquisition by Taking Over OneComply
Geolocation specialist GeoComply has unveiled a new acquisition that will strengthen its business. According to the announcement, the company acquired OneComply, a supplier of comprehensive solutions that help gambling operators in regulated jurisdictions manage their obligations. Modern iGaming is a dynamic and ever-evolving landscape that may be very difficult for companies to navigate. Each region […]
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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 […]
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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. […]
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GLPI’s Q1 Results Showcase the Triumph of Its Diversification Plan
Gaming and Leisure Properties (GLPI) has published its financial results for the first quarter of the year. The company recorded favorable results with metrics increasing across the board. As reported by GLPI, the total company revenue increased by 12.7% year-on-year to $355 million. Its income from operations, meanwhile, skyrocketed from $199.8 million in Q1 2022 […]
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LET engages in discussions with a nearby financial institution for a project in Manila.
Hong Kong-listed LET Group Holdings Ltd, an investor in a number of Asia-Pacific region casino projects, says it is seeking financing to complete the development of a casino hotel at the Westside City project in Manila, the Philippine capital. That is according to a message from the firm’s chairman, Andrew Lo Kai Bong, included in […]
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