Aristocrat home on the range
The top line Revenue for the six months to March fell 1% to A$2.23bn but on a constant currency basis it rose 11%. EBITDA rose 6% to A$750.3m with EBITDA margin rising 230bps to 33.7%. Net profit after tax (NPAT) rose 18.4% to A$362.2m Revenues derived from gaming represented 46% of total group revenue while […]
Read MoreCatena talks up incubator markets
The top line As prefigured in early April, Q1 revenues soared 53% to €40.7m while adjusted EBITDA nearly doubled to €25.1m. Operating cash flow increased by 85% to €20.8m. Revenue derived from casino rose 54% to €25.3m (62% of total) while sports revenue was up 64% to €14.4m (35% of total). Financial trading revenue fell […]
Read MoreGolden Nugget mines Michigan seam
Golden Nugget Online Gaming The top line Revenue was up 54.2% to $26.7m while the company fell to an adjusted EBITDA loss of $3.5m from a profit of $2.9m in Q120. Net income hit $69.6m reflecting non-cash gains on warrant derivative liabilities of $81.1m. The company maintained its full-year outlook of revenue in the range […]
Read MoreKing dethroned; IGT says no on digital M&A
BREAKING NEWS: King departs from FanDuel, Flutter US listing timeline lengthens Game of thrones: Flutter has announced the surprise departure of FanDuel CEO Matt King who is leaving for unspecified pastures new. The news will impact the hopes for a separate listing for FanDuel – the company said it would “affect the timing” without giving […]
Read MoreStreet hits like on DK’s social plans
DraftKings Analysts: Deutsche Bank, Macquarie, Credit Suisse, Truist Securities, Jefferies Extending losses: Deutsche Bank (hold) suggested the marginally worse than expected EBITDA losses performance in Q1 has led expectations for losses for the year to “migrate lower” – they are now projecting losses of $551m versus prior estimates of $460m. The revenue beat was due […]
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