Financial Press Releases

Atlantic City Casino Industry Saw 15% Lower Profit in First Quarter of 2023

Associated Press reports that the Atlantic City’s casino industry collected an almost 15% lower gross operating profit in the first quarter of 2023 in comparison to the first quarter of the last year. Accordi...

Macau Casinos Mount Comeback As Mass-Market Players Return; Galaxy Entertainment Group Returns To Pre-Pandemic Profit Levels as EBITDA Reaches US$244M

In the first quarter of 2023, casinos in Macau saw a recovery, with Galaxy Entertainment on Monday the newest to announce a big rebound in profit after the official lifting of Covid-19 restrictions. Returnin...

Commercial Gaming Income in Q1 2023 Hits New Quarterly Record, Surpassing $16 Billion

On May 16, the American Gaming Association (AGA) officially unveiled its State of the States 2023 report, offering the final state-by-state economic and regulatory analysis of US commercial gaming in 2022 for p...

Macau Gaming Industry Generated 237% More Tax Revenues in April

The strong Macau gaming industry growth in the first quarter of 2023 continued throughout the month of April as well. Inside Asian Gaming reports the figures released by the Financial Services Bureau to indicat...
mgm

MGM Springfield Records Revenue Increase, Three Massachusetts Casinos Earned $101M

MGM Springfield reported an increase in revenue this year compared to 2022. Neither economic crisis nor growing competition in the online and mobile sports betting industry hasn't had a chance against this indu...

Philippine Gaming Revenues Hit US$1.24 billion in Q1 2023

Inside Asian Gaming reports that the gross gaming revenues of the Philippine gambling industry soared to Php68.9 billion (US$1.24 billion) in the first quarter of 2023. The strong growth was reportedly driven b...
ballys

Ownership Interests of the Bally’s Chicago to the Chicago Residents

Bally’s Corporation, an industry giant, released the information about the draft registration statement on Form S-1 with the Securities and Exchange Commission. The draft is confidentially submitted, and it is ...
ph group

PH Resorts Group Continues Negotiations with Investors for IR Project in Cebu

Udenna Group’s subsidiary for the gaming and hospitality industry, PH Resorts Group, is planning to continue the development of its new integrated resort project, which will be situated in Cebu. Negotiations...
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MGM Resort International Generated $3.9 Billion Revenue in First Quarter of 2023

MGM Resorts International, the Las Vegas-based global gaming and entertainment giant, today reported financial results for the first quarter of 2023. The company generated $3.9 billion in net revenues by March ...

Australian Federal Government to Ban Credit Cards For Online Gambling

The Australian federal government announced the new legislation that will ban the use of credit cards for online betting. According to The Adviser, the government's regulatory move will be taken t...

Macau’s GGR In April Highest In A Long Time; Record Number Of Visitors For Golden Week

During April, Macau's gross gaming revenue (GGR) was MOP14.72 billion, which is approximately 1.83 billion US dollars. Furthermore, it grew by 15.6% from MOP12.74 billion in March. Best monthly performance i...