Weakness in Vegas at MGM Resorts offset by strong second quarter from BetMGM Summary MGM Resorts beat analysts’ expectations in Q2 2025 despite a marked slowdown on the Las Vegas Strip. The company posted net revenue of $4.4bn (vs $4.31bn forecast) and earnings per share of $0.79 (consensus $0.58). MGM Grand renovations caused a meaningful […]
BetMGM prepares to return cash to JV parents, but has the investment paid off? Summary BetMGM expects to generate at least $150 million of positive EBITDA in 2025 — the joint venture’s first profitable year since its 2018 launch — and its CFO has signalled the business could soon return cash to parent companies Entain […]
Star Queen’s Wharf partners terminate acquisition agreement 1st August 2025 | By Robert Fletcher Summary Australia’s Star Entertainment Group will retain its 50% stake in Queen’s Wharf Brisbane after joint-venture partners Far East Consortium and Chow Tai Fook Enterprises pulled out of a planned purchase agreed earlier this year. The Heads of Agreement to buy […]
Episode 13: Slovenia casinos, Chile online gambling regulation and Sheffield Wednesday’s woes Summary Robin Harrison and Ed Birkin return for Right to the Source episode 13, taking a concise look at gambling markets in Slovenia and Chile, with a few asides on regional stories and a gripe about Sheffield Wednesday. In Slovenia the land-based sector […]
Soft or sanguine? Las Vegas’ future uncertain as summer continues Summary June visitation to Las Vegas fell sharply: the LVCVA reported just over 3 million visitors, an 11.3% year‑on‑year drop. The Strip saw occupancy down 8.4% in June and revPAR fall 13% YoY. Room demand has been hit by the closures of The Mirage and […]
Genius Sports scores exclusive rights deal with European Leagues Association Author style Punchy: This is a major commercial and technical win for Genius — a deal that hands it control of betting data across 18 European competitions and signals a clear shift towards tech-led rights models. If you follow sports data, betting or league commercial […]
CEO Schwartz hails strong momentum helping Rush Street Interactive push through Q2 headwinds Summary Article Date: Fri, 01 Aug 2025 11:24:24 +0000 Rush Street Interactive (RSI) posted record Q2 revenue and adjusted EBITDA despite tax-related headwinds in Colombia. Revenue for the quarter reached $269.2m (up 22% year‑on‑year) and adjusted EBITDA rose 88% to $40.2m. Net […]
Weekend Report: Raketech’s new chair, Georgia’s gambling exclusion surge Summary Mon, 04 Aug 2025 12:49:15 +0000 | By Richard Mulligan Welcome to the Weekend Report. This edition flags four short items: Raketech has a new chair after an extraordinary meeting; Georgia’s self-exclusion register has passed 30,000 people; Alderney’s Gambling Control Commission has appointed a new […]
Netherlands faces €200m gambling tax black hole as rate rise backfires Summary New figures show the Dutch government’s staggered gambling tax rise — introduced in January — has produced an unexpected shortfall of more than €200m. Licensed operators’ gross gaming revenue (GGR) fell around 25% in H1 2025 versus the same period in 2024, leaving […]
Kenya locals dismiss increased gambling age limit, BCLB unveils updated operators list Summary Members of Kenya’s National Assembly have proposed raising the legal gambling age from 18 to 21 and introducing a minimum bet of Ksh50, citing youth protection. The proposals were discussed on 30 July as part of deliberations on the Gambling Control Bill […]
