Las Vegas Summer forecast
Crosstown traffic: Las Vegas demand and visitation numbers look set to continue rising this Summer, with Deutsche Bank this week saying visitor traffic numbers on the Strip for June were improving. Despite being down 27% vs. Jun19, that was an improvement on the 38% drop in April and 32% drop in May compared with the […]
Entain on the up ahead of date with destiny
Entain trading update The top line Group NGR was up 11% in H1 and up 42% in Q2, excluding Germany Q2 online NGR was up 32%. Online revenues were up 22% for the 22nd quarter of consecutive growth (20% CAGR). Retail was down 42% due to ongoing COVID19 restrictions. The group enjoyed strong performances in […]
888 signals ‘return to normality’
888 trading statement The top line B2C revenues up 11% YoY to $247m, B2B down 13% to $10m, total revenue up 10% to $257m. Regulated markets now represent 74% of group revenues from 73% in prior year, with growth in UK, Italy and Spain among others helping to offset falls in Germany. Sport was the […]
Tabcorp opts for wagering split
Tabcorp strategic review Keeping tabs: Tabcorp has announced a major restructuring which would see the lottery and keno business demerged from the wagering and gaming services arm, creating two new listed vehicles. The demerger comes after the company completed a strategic review aimed at unlocking shareholder value, looking at all options including a sale of […]
Las Vegas Q2 preview
The beat goes on: Analysts are confident Las Vegas Q2 volumes will beat market expectations in the next few weeks. With May GGR on the Strip up 26.7% on May 2019 and up 35.6% MoM to $655.5m, analysts at Macquarie said their survey of Las Vegas operators pointed to “Q2 beats and continued momentum” for […]