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Macau Chief Executive maintains 2024 GGR forecast of $26.8 billion

February 13, 2024 - Macau’s Chief Executive, Ho Iat Seng, said Tuesday that the government is maintaining its GGR forecast for 2024 at $26.8 billion. It was during his November 2023 annual Policy Address... Read more »

Citigroup ups its 2024 Macau casino revenue forecast to MOP231 billion

February 6, 2024 - Citigroup has revised its forecast for Macau’s 2024 gaming prospects, predicting that the casino industry could generate MOP231.3 billion (US$29 billion) in gross gaming revenue this year. According to its... Read more »

Citi raises Macau FY24 GGR forecast to $29 billion after stronger than expected January result

February 2, 2024 - Citi analysts have raised their growth forecast for FY24, with gross gaming revenues now tipped to reach $29 billion, equivalent to 79% of 2019 levels. The revised forecast, which reflects... Read more »

Pennsylvania: Punxsutawney Phil doesn’t see his shadow, forecasting early spring

February 2, 2024 - PUNXSUTAWNEY, Pa. (AP) — Punxsutawney Phil predicted an early spring on an overcast Friday morning at Gobbler’s Knob in Pennsylvania, the scene of the largest and best-known Groundhog Day celebration... Read more »

Lifted by Mexico, Codere Online raises forecast after first breakeven quarter

November 15, 2023 - Gaming group Codere Online has achieved its first breakeven quarter some two years after listing in the US. Strong growth in its largest markets, Mexico and Spain, contributed towards a... Read more »

Light & Wonder earnings, revenue beat Wall Street forecasts in third quarter

November 10, 2023 - Light & Wonder bought back the last piece of SciPlay, the social-gaming business it once spun off, during the third quarter and the momentum carried. Revenue and earnings per share... Read more »

PlayAGS posts third-quarter loss, missing Street forecasts, but revenue rise tops them

November 8, 2023 - Electronic slot- and bingo-machine maker PlayAGS posted a second-quarter loss and missed Wall Street forecasts, although the company’s revenue rose and topped them. In a 10-K report filed Tuesday with... Read more »

Accel Entertainment’s third-quarter earnings per share drop, but top Wall Street forecasts

November 8, 2023 - A change in fair value of contingent earn-out shares haunted Accel Entertainment for a second consecutive quarter. Earnings per share dropped in the third quarter as they had in Q2.... Read more »

BetMGM partner Entain lowers online profit margin forecast amid Q3 revenue drop

November 2, 2023 - Ladbrokes-owner Entain on Thursday lowered its online profit margin forecast for the year after it posted a drop in third-quarter gaming revenue, sending its shares down to a three-year low... Read more »

IGT’s adjusted earnings, revenue top Wall Street forecasts; officials tout lottery deal extensions

November 1, 2023 - International Game Technology capped a third quarter during which it extended contracts to supply technology to the California and Kentucky lotteries by posting adjusted earnings and revenue that topped Wall... Read more »