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Focus Gaming News | Finance

Finance

Check the latest Finance news

10/30/20

MGM reports Q3 operating loss of $495m

Operating losses could lead the casino giant to reduce opening hours following in the footsteps of other operators on the strip.

10/30/20

AGA CEO urges government to aid gaming industry

The AGA’s CEO argues that government financial assistance is necessary if the industry is to make a recovery from the pandemic.

10/28/20

Pandemic continues to affect Boyd Gaming

The casino operator saw some improvements in Q3 but continued to report year-on-year losses.

10/27/20

Svenska Spel revenue falls 8.2% in Q3

Growth in igaming and lottery failed to offset the impact of the pandemic lockdown on land-based operations.

10/25/20

ATG reports growth despite impact of spending limits

The Swedish operator has reported a 18.3 per cent rise in revenue for Q3.

10/22/20

William Hill warns of profit hit as more UK betting shops close

Growth in the US and online was not enough to avoid the impact of European retail shutdowns on Q3 profits.

10/21/20

Virginia Lottery sales rise during pandemic

Both online sales and retail sales increased for the Virginia Lottery this fiscal year.

10/21/20

Tennessee Lottery contributes $114m to education

The total revenue brought in for the period is the highest first-quarter figure since the lottery began in 2004.

10/19/20

Casino tycoon donates $75m to pro-Trump PAC

Sheldon Adelson has made the donation after his Las Vegas Review-Journal openly endorsed Trump for reelection.

10/16/20

Analysts say Las Vegas recovery could take up to four years

An investigation by Fitch Ratings forecasts that the Strip may have to wait until 2024 for a full recovery.

10/16/20

Italy: online gaming revenue up 25.4%

Revenue from the regulated online market reached €184m in September.

10/15/20

MGM Springfield pours $640m into economy in first year

The construction of MGM Springfield helped create more jobs in the local area and also encouraged off-site spending.

10/15/20

Detroit casino revenues drop 21% in September

Detroit’s three casinos continue to operate at 15 per cent capacity as part of Covid-19 measures.

10/15/20

British gambling revenue continues to fall

New figures from the Gambling Commission show that the decline across verticals continued in August.

10/14/20

New York casinos struggling to reach pre-pandemic figures

The general manager of Rivers Casino in New York has said casino visitation remains low although sports betting has reached record levels.

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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 Latin America, Focus Brasil, Focus Asia Pacific, Focus Africa and Focus UAE – five daily releases focusing exclusively on these specific markets.