The swimsuit issue
888 H1 The top line Revenue rose 39% to $528.4m while adjusted EBITDA was up 39% to $97.4m. B2C gaming was up 35% to $428.8m, B2C betting up 82% to $80.3m (B2C total up 41%) while B2B rose 8% to $19.3m. UK revenues up 57% to $222.6m, Italy up 82% to $67.9m, the rest of […]
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 […]
Penn National Q2 pre-announcement
The top line Revenues for the three months to June will range between $1.45bn-$1.55bn while adjusted EBITDAR will be between $540m-$580m. At the midpoint for each they represent growth of 18% and 25% respectively and an adjusted EBITDAR margin improvement of 220bps. Compared to Q219 the company expects revenue, Adjusted EBITDAR and Adjusted EBITDAR margin […]
Churchill Downs analyst initiation
My Old Kentucky Home: Macquarie have initiated coverage of Churchill Downs with an outperform rating, citing the iconic status of the Kentucky Derby (c25% of company EBITDA generated in a single day), the “underappreciated” historical racing machines story (33% mix; Macquarie believes the Kentucky market could be worth $750m at maturity) and the growth opportunity […]
Beats by Boyd
Boyd Gaming Q121 The top line The Las Vegas to regional casino operator boasted of all-time record results as the company looks to exit the extraordinary Covid period firing on all cylinders. Q1 revenue rose 10.7% to $753.3m, adjusted EBITDAR rose 91.5% to $311.2m. Revenues were down 8.9% on 2019 but EBITDAR was up on […]