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SlotsUp’s research extends beyond mere casino reviews and free slot demos, delving deeply into the dynamics of the gambling sector. By analyzing the financial performance, market trends, and strategic developments of leading gambling companies, SlotsUp equips its users with actionable insights. This press release presents a compilation of the latest and most intriguing findings from SlotsUp’s recent studies, offering a detailed look into the evolving landscape of the online gambling market and valuable perspectives for stakeholders.
In the following sections, readers will discover key insights and trends from SlotsUp’s recent research, highlighting the financial performances and strategic outlooks of major players in the industry.
Well, let’s go.
Online Casino Operators Earnings for Q2 2024
SlotsUp, a team of gambling industry experts, provides an in-depth analysis of the financial and operational performance of four major players in the gambling sector for Q2 2024. The report examines Entain Group, Betsson AB, Kindred Group, and Flutter Entertainment, offering valuable insights into their market positioning and financial health.
Entain Group
- Net Gaming Revenue (NGR) up 6% (+8% at constant currency).
- EBITDA increased 5% to £524 million.
- Net Loss of £47 million.
- Growth in Brazil (+28% in online NGR), but a 6% decline in the UK & Ireland.
Betsson AB
- Revenue rose 13% to EUR 519.7 million.
- EBITDA up 22% to EUR 149.2 million.
- Net Income increased by 4.5% to EUR 87.2 million.
- Strong growth in active customers (+25%) and successful market expansion.
Kindred Group
- Revenue grew 7% to £327.6 million for Q2.
- EBITDA up 32% to £73.6 million.
- Net Profit increased 60% to £44.5 million for Q2.
- Notable growth from the UEFA Euro 2024 and strong performance in Western Europe.
Flutter Entertainment
- Revenue rose 20% to $3.611 billion.
- Net Income surged 364% to $297 million.
- Average Monthly Players (AMPs) increased by 17% to 14.3 million.
- Significant growth in the US and international markets.
In summary, Flutter Entertainment showed the strongest overall growth, followed by Betsson AB and Kindred Group. Entain faced challenges but made progress in specific markets.
You can find out more about the research here: https://www.sportsgamblingpodcast.com/2024/08/29/online-casino-operators-reported-earnings-for-q2-2024-who-is-leading-and-who-is-lagging-analysis-by-slotsup/
A Comprehensive Analysis Of Payment Systems Stocks In 2023
SlotsUp has released its analysis of payment system stocks for 2023, focusing on American Express, Mastercard, Visa, and CASHlib.
- CASHlib: Shares grew 15%, driven by increased popularity of its prepaid vouchers in online gambling.
- Share Price (Dec 2023): $60 (+5.26%)
- 2024 Outlook: Predicted 10-15% further growth.
- American Express: Experienced a 12% increase in shares, benefiting from its expanding role in online gambling.
- Share Price (Dec 2023): $168 (+1.82%)
- Growth Drivers: Enhanced security and innovative payment technologies.
- Mastercard: Shares rose 8% due to increased transaction volume and global cashless payment trends.
- Share Price (Dec 2023): $368 (+3.56%)
- 2024 Outlook: Expected 6-8% growth.
- Visa: Saw a 10% increase, boosted by its expanding presence in online gambling.
- Share Price (Dec 2023): $220 (+2.33%)
- 2024 Outlook: Anticipated 8-10% growth.
The report highlights that major payment systems are thriving, driven by their role in online gambling and advancements in payment technologies.
You can find out more about the research here: https://www.gamblingcity.net/analysis-of-payment-systems-stocks/
Popular Games And Preferences In Different Countries
SlotsUp’s latest study offers an in-depth look at gambling preferences across different countries, revealing key regional differences.
Highlights:
- United States: Featuring iconic spots like Las Vegas and Atlantic City, the U.S. is renowned for its diverse gambling options, including slot machines, blackjack, and poker. “Las Vegas and Atlantic City attract millions with their extensive gaming options,” notes the study. Gambling is regulated at the state level.
- Macau: As the world’s top gambling center, Macau is famous for baccarat, attracting high-stakes players from Asia. “Macau’s stringent government control and luxury casinos maintain its global leadership,” the report highlights.
- Australia: Known for electronic slot machines and sports betting, Australia has a unique gambling culture. “Pokies and sports betting are central to Australia’s gambling scene,” the research indicates. Regulation occurs at the state level with a focus on responsible gambling.
- United Kingdom: With a mix of traditional and online betting, the UK excels in football betting. “The UK’s integration of gambling with sports and its robust regulatory framework are key factors,” according to SlotsUp.
- Japan: Japan’s gambling industry is evolving with the legalization of integrated resorts. “The shift towards integrated resorts marks a new chapter in Japan’s gambling landscape, while pachinko and horse racing remain popular,” the study notes.
- Singapore: Singapore’s gambling industry is strictly regulated, featuring integrated resorts like Marina Bay Sands. “The country’s strict measures ensure a safe gambling environment and support tourism,” the research reveals.
Conclusion: SlotsUp’s analysis highlights how cultural, regulatory, and technological factors shape gambling practices worldwide. For a detailed view, visit the SlotsUp website.
You can find out more about the research here: https://egambling.io/blog/gambling-around-the-world-a-comparative-study-of-popular-games-and-preferences-in-different-countries-by-slotsup/
Analysis of Gambling Revenues Across U.S. States in the First Quarter of 2024
SlotsUp’s latest research reveals a strong rebound in the US gambling sector, which has bounced back from the 2019 pandemic downturn. In Q1 2024, revenue hit a record $17.67 billion, up 5.6% from the previous year, marking 13 consecutive quarters of growth.
Key State Highlights:
- New Jersey: Reported $140 million in Q1 2024, a 10% decline from last year. However, the gap has narrowed, signaling potential recovery.
- Nevada: Experienced a slight 1.65% drop in Q1 revenue to $1.29 billion, but saw a 4.44% increase for the fiscal year.
- Pennsylvania: Achieved $1.69 billion in Q1 2024, driven by strong demand for both land-based and online casinos.
- South Dakota: Noted a 0.45% annual revenue increase for fiscal year 2022-2023.
- Illinois: Reported a 25% increase in March 2024 revenue, with notable gains from major casinos.
Growth Drivers:
- Economic recovery and increased consumer spending.
- Legislative improvements and regulatory updates.
- Technological advancements in digital and mobile gaming.
Challenges and Opportunities:
Expansion into new markets and growth in iGaming are promising, though economic instability remains a challenge.
SlotsUp’s findings suggest a positive outlook for the US gambling industry, offering potential investment opportunities. For more details, visit SlotsUp’s blog.
You can find out more about the research here: https://gamblenews.org/blog/analysis-of-gambling-revenues-across-u-s-states-in-the-first-quarter-of-2024-trends-factors-influencing-growth-and-comparative-analysis-by-slotsup/
Comparing the Earnings of Gambling Media Companies in 2023
SlotsUp’s analysis provides an overview of the financial performance of major online gambling companies for 2023, focusing on Catena Media, Gambling.com Group, Kindred Group, and Raketech Group.
Catena Media
Catena Media faced significant financial challenges in 2023. Revenue and profitability dropped notably, with a sharp decline in adjusted EBITDA. Despite this, the company is heavily investing in technology and AI, aiming for a recovery in the latter half of 2024.
“Our focus on innovation aims to drive sustainable growth,” said Michael Daly, CEO.
Gambling.com Group
Gambling.com Group reported record-breaking results, with Q4 revenue up 52% to $32.5 million and full-year revenue increasing 42% to $108.7 million. The company also announced the acquisition of Freebets.com, which is expected to further boost revenue in 2024.
“We are positioned for continued growth in 2024 and beyond,” stated Charles Gillespie, CEO.
Kindred Group
Kindred Group saw a 2% rise in revenue to GBP 312.9 million and a 58% increase in underlying EBITDA to GBP 204.5 million. However, earnings per share fell by 59%. The company is focusing on strategic acquisitions and regulatory compliance.
“We are able to grow profitably within highly regulated markets,” noted Nils Andén, CEO.
Raketech Group
Raketech Group reported Q4 revenue of EUR 22.8 million, up 6% from Q3. Full-year revenue increased by 47.6% to EUR 77.7 million. The company is optimistic about 2024, projecting solid growth and an increased dividend.
“Our goal is to sustain long-term growth and boost profitability,” said Johan Svensson, Acting CEO.
Conclusion
In 2023, Gambling.com Group led in financial performance, followed by Raketech Group, Catena Media, and Kindred Group. Each company is addressing unique challenges and opportunities as they prepare for 2024. For more details, visit SlotsUp’s blog.
You can find out more about the research here: https://igaming.news/news/2024-03-26/comparing-the-earnings-of-gambling-media-companies-in-2023-by-slotsup
SlotsUp stands out as a premier authority in the online gambling industry, providing cutting-edge research and insights. With a focus on detailed analysis of market trends, payment systems, and financial performances of major gambling companies, SlotsUp delivers essential knowledge for stakeholders. Their expertise and commitment to high-quality content make them a trusted resource for navigating the dynamic world of online gambling. As they continue to push the boundaries of research and analysis, SlotsUp eagerly anticipates sharing new findings and insights.