Reacting to Bwin.Party’s announcement of first quarter revenue that was hindered by several negative headwinds and management’s new ‘volume to value’ strategy, analysts were broadly optimistic regarding the firm’s outlook beyond its current transition period.
First quarter results from Finland’s lottery and sports betting monopoly Veikkaus show that the state-owned operator generated a record 36.4 percent of its turnover from online channels during the period, aided by the January 2013 launch of a new mobile site designed for touchscreens.
Market share figures published by Italian gaming regulator AAMS show that, while the country’s troubled online poker market is being increasingly dominated by market leader PokerStars, the fast-growing online casino segment has become more and more fragmented.
After Singapore’s casino duopoly reported record VIP volumes offset by skinny hold rates for the first quarter of 2013, Genting Singapore management expressed a fresh note of caution regarding the high-roller segment’s near-term prospects.
Strong growth in premium mass revenue at Melco Crown Entertainment’s City of Dreams integrated resort helped the group surpass its fellow U.S.-listed Macau casino operators in terms of growth in daily table yields during the first quarter.
The 2012 annual report of Portugal’s largest casino operator Estoril-Sol states that gaming revenue across the country’s 11 casinos fell by around 11 percent to €290m last year, the market’s lowest total for 11 years.
Figures published over the course of April show that the first quarter of 2013 was the U.S. regional gaming market’s softest quarter in three years, with total gaming revenues down 7.4 percent on a same-store basis.
New data from the New Jersey Division of Gaming Enforcement shows Atlantic City casinos halted a six-year run of rising “comp ratio” levels in 2012, as market-wide spending on promotional allowances fell 6.2 percent.
GamblingData estimates that the world’s 14 top-earning casinos grew consolidated adjusted EBITDA 6.2 percent in 2012, breaking through the $10bn mark for the first time as a ramp-up at Galaxy Macau more than offset earnings declines at Singapore’s casino duopoly.
New data published by Spain’s state gambling regulator reveals that the country’s newly-regulated online gaming market generated gross gaming revenue of €61.4m in the fourth quarter of 2012, up 41 percent sequentially.