Analysts at Union Gaming have reported following a recent trip to Atlantic City that operators are heartened by the impact of the refurbished Golden Nugget but “largely discouraged” by the initial results out of Revel.
Having recently announced a deal to expand its online offering into online slots, table games, poker and bingo, Croatian national lottery Hrvatska Lutrija has announced a second straight year of declining gaming revenues in 2011.
The recent results season for Macau operators provided further evidence of the rise to prominence of mass market gaming in the world’s largest casino market, as the three firms to provide detailed table data each reported a sequential decline in daily yield per unit.
Analysts on Wednesday maintained a positive consensus view on Sportingbet after the UK-listed online gaming group used its year-end trading update to confirm a robust fourth quarter, with Australia continuing to deliver very strong growth.
Analysts last month played down the significance of a disappointing set of second quarter results at Las Vegas Sands after unfavourable hold rates negatively impacted results across the firm’s portfolio of properties in Macau, Singapore and Las Vegas.
Analysts at Barclays blamed a “slowing and increasingly competitive regional gaming environment” during an uninspiring reporting season in which four of the major U.S. regional casino operators reported relatively flat year-on-year growth in adjusted property EBITDA.
UK bookmaking giant Ladbrokes on Thursday announced consensus-beating first half operating profit excluding high rollers of £106.9m, as analyst attention turned to the firm’s previously-guided weakness in digital earnings and a better than expected retail performance.
The news that PokerStars has settled its civil case with the U.S. Department of Justice has prompted a note from analysts at Investec who believe that the agreement “opens the door” to the possibility of the poker giant getting a licence if and when the U.S. online market opens.
Analysts on Friday welcomed a strong set of interim results at UK bookmaking giant William Hill, as favourable sports betting margins and an outperformance from the group’s online division helped drive higher than expected revenue and earnings.
Stockholm-listed Betsson on Tuesday reported 43.8 percent year-on-year growth in second quarter revenues to SEK486.2m (€57.8m), with aggressive marketing investment in the lead-up to this summer’s Euro 2012 tournament driving record sportsbook turnover.