New-look Playtech expects adjusted EBITDA to reach €90 million in H1 Summary Playtech has forecast at least €90 million in adjusted EBITDA for the first half of its 2025 financial year, substantially lower than the €243 million reported in H1 2024. The decline reflects significant disposals during the period — notably Snaitech and HappyBet — […]
Weakness in Vegas at MGM Resorts offset by strong second quarter from BetMGM Summary MGM Resorts beat expectations in Q2 despite a marked slowdown on the Las Vegas Strip, driven by a strong showing from BetMGM and solid results from MGM China and regional operations. Net revenue for the quarter was $4.4bn (vs $4.31bn forecast) […]
Star Queen’s Wharf partners terminate acquisition agreement Summary Australia’s Star Entertainment Group will keep its 50% stake in the Queen’s Wharf Brisbane development after its Hong Kong joint-venture partners, Far East Consortium and Chow Tai Fook Enterprises, abandoned a planned AU$53m (US$34m) acquisition. Star agreed to exit the joint venture in March. Deadlines to complete […]
Genius Sports scores exclusive rights deal with European Leagues Association Summary Genius Sports has struck a multi-year exclusive agreement to capture and distribute betting data from 18 competitions that are members of the European Leagues Association (ELA). The deal gives Genius exclusive betting data rights for a wide range of leagues — from the Dutch […]
CEO Schwartz hails strong momentum helping Rush Street Interactive push through Q2 headwinds Summary Rush Street Interactive reported record Q2 results: revenue of $269.2m (up 22% year-on-year), adjusted EBITDA of $40.2m (up 88%) and net income of $28.8m versus a $0.3m loss in Q2 2024. This was the ninth consecutive quarter of quarter-on-quarter revenue and […]
BetMGM prepares to return cash to JV parents, but has the investment paid off? Summary BetMGM is on course to generate at least $150 million of EBITDA in 2025 — its first profitable year since the joint venture launched in 2018. That performance has put the JV in a position where it could start returning […]
Weekend Report: Raketech’s new chair, Georgia’s gambling exclusion surge Summary iGamingBusiness’s Weekend Report highlights a round-up of sector moves: Raketech has a new chair, Georgia’s national self-exclusion list has passed 30,000 people, Alderney appointed a new gambling commissioner, and Annexio has surrendered its Isle of Man B2C licence as part of a regulatory reshuffle. Raketech […]
Kenya locals dismiss increased gambling age limit, BCLB unveils updated operators list Summary Kenyan MPs have proposed raising the minimum legal gambling age from 18 to 21 and introducing a minimum bet of KSh50 as part of ongoing deliberations over the Gambling Control Bill. The proposals aim to curb youth gambling but have drawn criticism […]
Soft or sanguine? Las Vegas’ future uncertain as summer continues Summary June data paints a mixed picture for Las Vegas: visitor numbers and Strip room metrics are down, while statewide gaming revenue edged up. The Strip is showing clear softness — hit by lower visitation, major hotel closures and tougher comps from last year’s Super […]
City of Dreams Sri Lanka opens, touted as transformative integrated resort Summary City of Dreams Sri Lanka, a $1.2 billion integrated resort in Colombo, officially opened on Saturday. The project is a joint venture between Sri Lanka’s John Keells Holdings and Melco Resorts & Entertainment and is being promoted as the first integrated resort in […]
