Red Rock paints an even brighter picture
Red Rock Resorts Q2 The top line Revenues up 295% to $482.2m YoY but down 11% on Q219. Adjusted EBITDA rose to $227.4m from a negative $17.3m in Q220 and up 82% on Q219. Property level margins were at 52.2%, 450bps above Q219. Las Vegas operations up 322% to $426.4m but down 7% on Q219; […]
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 […]
Evolution growth
Evolution Q121 The top line Revenues soared 105% YoY to €235.8m (32.8% QoQ rise). EBITDA up 150% to €160.1m (66.4% QoQ). Live casino (77% mix) accounted for the majority of revenue growth, up 60% YoY; RNG (33% mix) up 6% YoY. Integration with NetEnt completed nine months ahead of schedule. All about the margin: The […]