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Focus Gaming News | Finance

Finance

Check the latest Finance news

08/01/18

PAGCOR beats GGR target for the first half of 2018

During the first six months of the year, the Philippine company posted an 18.3 per cent GGR increase and beat its 9.7 per cent goal.

07/31/18

South Korean GGR to grow in 2018

According to Union Gaming, GGR for South Korean foreigner-only casinos is expected to grow during 2018.

07/31/18

Macau operators’ value to reach US$146 billion

Combined market value of Macau’s six casino operators is expected to reach US$146 billion by 2020, Morgan Stanley projects.

07/30/18

West Virginia Lottery tops US$1 billion revenue mark

The West Virginia Lottery has broken the US$1 billion revenue mark for the 16th consecutive year during the 2017-18 fiscal year.

07/30/18

Pennsylvanian casinos struggle during H1

Despite positive statewide results, both the Mohegan Sun Pocono and the Mount Airy Casino Resort failed to keep up and saw revenue drops.

07/30/18

Melco to lead market in Macau

The company is expected to be the biggest share gainer in Macau during the second half of the year.

07/27/18

Olympic posts 2.2pct revenue increase

During the first six months of 2018, Olympic Entertainment saw its revenue increase 2.2 per cent year-on-year to €106.6 million.

07/27/18

Paradise Entertainment expects profit increase

The casino equipment maker has issued a “positive profit alert” for the first half of 2018 after posting good results for the period.

07/27/18

Las Vegas Sands reports Q2 results

The company increased its consolidated net revenue by 6.2 per cent to US$3.3 billion in Q2.

07/27/18

Penn National reports revenue growth

The Pennsylvania-based company delivered net revenues of US$826.9 million in the second quarter.

07/24/18

EBITDA forecast reduced for MGM China

Morgan Stanley has cut the EBITDA forecast for the casino company by 12 per cent.

07/24/18

Casino revenue falls in Mississippi

After two months of strong increases, revenue from casinos fell three per cent in Mississippi.

07/24/18

Lottery revenue drop hits good cause funding in the UK

According to the UKGC, grants committed to by the Big Lottery Fund fell by nearly £200 million in 2017 due to a National Lottery sales drop.

07/24/18

GGR to grow up to 13 pct in Macau during July

According to Bernstein Research, GGR in Macau is on track to post an 11-13 per cent growth during July.

07/23/18

Svenska Spel’s digital division revenue 20 pct up

The Swedish online gambling monopoly reported its second-quarter revenue results.

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Focus Gaming News is a media group that produces a daily online newspaper aimed at international gaming executives. This communication tool is visited by more than 140,000 monthly readers around the world and delivers up-to-date news from the gaming and iGaming businesses. Focus Gaming News also releases a daily newsletter and it is received by more than 35,000 subscribers. It features news on regulation, legislation, sports betting and online and land-based gaming, as well as reports on the latest products and trends, interviews with key specialists, and more. There are also Focus Asia Pacific, Focus Africa, Focus Latin America, Focus Brasil and Focus UAE – five daily releases focusing exclusively on these specific markets.