G2E review
Wish you were here: Travel restrictions meant most of the international representatives were unable to travel to G2E. Analysts at Truist noted that the number of mask-mandated attendees appeared to be around 50% of normal but those that were there were clearly “enthusiastic”. The dominant headlines from the week were generated by Bill Hornbuckle’s less-than-surprising […]
Gambling.com Q2
The top line Revenue up 66% to $10.4m and adjusted EBITDA rose 46% to $5.5m. All growth was organic. New depositing customers were up 4% in Q2 to 26,000. H1 revenue of $21.9m up 111%, NDCs of 62,000 up 51%. FY21 revenue expected to be over 40% higher YoY. Cold storage: Having got its IPO […]
Money burns a hole in MGM’s pocket
MGM Resorts International Q2 The top line The rise in net revenue to $2.27bn represented a near 700% bounceback on Q220. Consolidated Adjusted EBITDAR hit $617m, a record helped by record margins of just below 40%. Regional lead the way up 859% to $856.3m while Las Vegas was up 566% to $1bn. MGM China reported […]
Canada gets its TAM
Canada sports-betting bill Northern exposure: The news that Bill C-218 had passed the Senate with room to spare and will be signed into law within days means Canada’s sports betting is likely to have a similar effect on the Canadian market as the ending of PASPA had in the US three years ago. The biggest […]
LeoVegas’ German rout
The top line Q1 revenues increased by 8% to €96.7m (€89.4m Q120) with organic growth in local currencies of 8%. Adjusted EBITDA was €10.9m (€9m Q120) with adjusted margins of 11.3% (10% Q120). Adjusted earnings per share were €0.07 (0.06 Q120). The number of depositing customers grew 12% YoY to 462,386 (413,269). Germany continues to […]