Analysts at the Investment Bank of Greece have upgraded their rating on OPAP’s share price to “buy” in anticipation of a favourable decision over the Greek betting and lottery giant’s land-based monopoly next month.
Analysts at Irish brokerage Goodbody believe that Paddy Power is well-placed to take advantage of Italy’s recently-introduced Palinsesto Supplementare, which is expected to significantly increase the number of sports betting events and markets offered by operators.
New figures published by the International Federation of Horseracing Authorities (IFHA) indicate that global horserace betting turnover increased by around 2 percent in 2012, with Japan and Hong Kong the standout performers in absolute growth terms.
Figures collated by GamblingData indicate that New York now houses two of the three most lucrative U.S. commercial gaming properties outside of Nevada and is set to become the country’s seventh $2bn casino state by 2014.
Analysts at Union Gaming have upgraded their third quarter revenue and EBITDA estimates for Boyd Gaming after the operator’s 50 percent-owned Borgata property rose above an on-going malaise in Atlantic City to deliver consecutive months of double-digit growth.
Having downgraded their rating on Bwin.Party shares to ‘equal-weight’, analysts at Morgan Stanley wrote last week that there are “strong indications” that the firm’s 2011 merger has failed.
Hungary’s state gambling operator Szerencsejáték Zrt. (SzRT) registered 17.9 percent year-on-year growth in total sales to HUF 212.8bn (€705m) in 2012, topping a sample of eight Central and Eastern European lotteries assessed by GamblingData in terms of sales per capita.
Ahead of the start of the National Football League (NFL) regular season on Thursday, GamblingData takes a look at the recent wagering trends exhibited in Nevada, the centre of U.S. sports betting.
GamblingData estimates that consolidated adjusted EBITDA across the world’s 16 most profitable casinos grew 13.5 percent to over $6bn in the first half of 2013, after a blockbuster start to the year in Macau more than made up for declines elsewhere in Asia-Pacific.
While sales of its core number lottery games fell for the third consecutive year, Slovakian state lottery operator Tipos enjoyed double-digit growth in revenue from internet games in 2012, driven by upside in online roulette.