{"id":201,"date":"2024-06-17T20:35:15","date_gmt":"2024-06-17T17:35:15","guid":{"rendered":"https:\/\/slotscapital.icu\/2024\/06\/17\/q2-2023-casino-and-online-gambling-earnings-roundup\/"},"modified":"2024-06-20T16:58:31","modified_gmt":"2024-06-20T13:58:31","slug":"q2-2023-casino-and-online-gambling-earnings-roundup","status":"publish","type":"post","link":"https:\/\/slotscapital.icu\/2024\/06\/17\/q2-2023-casino-and-online-gambling-earnings-roundup\/","title":{"rendered":"Q2 2023 Casino and Online Gambling Earnings Roundup"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/ubQjtIrIZX0\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Casino operator Boyd Gaming and internet wagering platform PointsBet both announced their financial results for the second quarter of 2023. Boyd experienced a minor decrease in income compared to the previous year, but their digital segment is thriving &#8211; it expanded by 50%! They are prioritizing the satisfaction of their primary clientele, and this strategy appears to be effective.  Concurrently, Gaming and Leisure Properties (GLPI), a real estate investment trust specializing in casinos, declared a 9% rise in revenue.  Their net earnings also witnessed a positive surge, increasing by 3%.  The casino industry seems to be flourishing at the moment! <\/p>\n<p>Entertainment and Recreation Holdings, Ltd. (ERH) experienced a 5% surge in modified earnings before interest, taxes, depreciation, and amortization (EBITDA), achieving $325.5 million. Chief Executive Peter Carlino ascribed this triumph to their &#8220;robust lessee partnerships with prominent regional entertainment providers&#8221; and the &#8220;durable character of gaming income,&#8221; resulting in yet another period of unprecedented accomplishment.  Their aggregate revenue for the second quarter also climbed by 9.2% compared to the previous year, reaching $3.566 billion.<\/p>\n<p>Carlino emphasized ERH&#8217;s growth plan, with a portfolio now encompassing 59 locations across 18 states and rented to six distinct managers. This includes eight recent acquisitions from agreements with The Cordish Companies and Ballys Corporation, anticipated to further elevate their results in the second half of 2023. <\/p>\n<p>Concurrently, WagerLine, an Australian digital wagering firm, also unveiled its Q2 2023 financial outcomes.  Previously this year, WagerLine consented to a $2.25 billion purchase of its U.S. operations by Fanatics, succeeding a bidding contest with DraftKings.  In their most recent announcement, WagerLine declared a net gain of $3.91 billion AUD (roughly $2.6 billion USD). <\/p>\n<p>PointsBet experienced a stellar final quarter in 2023, as their worldwide net winnings climbed by 26% to reach AU$217 million. This significant growth was primarily driven by their US business, which witnessed a massive 72% surge in net winnings, hitting AU$161.1 million.  Conversely, their Australian home base presented a different picture, with a more subdued 1% rise to attain AU$55.6 million. <\/p>\n<p>Delving deeper, their core sports wagering generated 58% more revenue compared to the prior year, while internet gaming emerged as the true champion, more than doubling its net winnings with a 122% increase. Although Australia may be experiencing a slowdown, PointsBet is discovering success in other regions.  Canada stands out as a prime illustration, exhibiting an astounding 10,415% leap in net winnings relative to the corresponding period last year \u2013 a stark contrast to the AU$0.2 million earned in Q4 2022.<\/p>\n<p>Although the EBITDA data for this quarter is not yet available, PointsBet&#8217;s report suggests that due to the divestiture of their US operations, they anticipate approaching or achieving break-even starting from April 2024 onward. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Casino operator Boyd Gaming and internet wagering platform PointsBet both announced their financial results for the second quarter of 2023. Boyd experienced a minor decrease in income compared to the previous year, but their digital segment is thriving &#8211; it expanded by 50%! They are prioritizing the satisfaction of their primary clientele, and this strategy [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Boyd Gaming Q2 2023: Digital Growth Offsets Minor Dip<\/title>\n<meta name=\"description\" content=\"Boyd Gaming sees digital revenue soar 50% in Q2 2023, offsetting a slight decline in overall income. Their focus on core customers seems to be paying off. 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