Tag: Earnings

02/29/24 10:08 PM

Golden Entertainment: No benefit from F1 at Strat, but $1 million in room revenue from Super Bowl

  • Buck Wargo, CDC Gaming
Reporting that it didn’t benefit from the Formula 1 race in November, Golden Entertainment experienced a $49 million decline in... more
02/28/24 3:53 PM

Surging global machine sales buoy Light & Wonder; company’s full-year revenue hits record

  • Matthew Crowley, CDC Gaming
A 31% global gaming machine sales surge pushed fourth-quarter revenue higher for Light & Wonder. The cross-platform games company also... more
02/25/24 8:35 AM

VICI Properties marks a year of expansion, growth potential

  • Matthew Crowley, CDC Gaming
Real estate investment trust VICI Properties finished 2023 strong, with 20%-plus year-to-year increases in funds from operation and... more
02/20/24 8:24 PM

Caesars CEO: Changes in F1 needed for staying power

  • Buck Wargo, CDC Gaming
Caesars Entertainment CEO Tom Reeg said the Las Vegas Grand Prix served as a boon to high-end resorts on the Strip, but called for more... more
02/20/24 8:22 PM

Caesars faced headwinds in fourth quarter, results show

  • Buck Wargo, CDC Gaming
Caesars Entertainment reported a decline in revenue and adjusted earnings in Las Vegas during the fourth quarter, but a strong showing in... more
02/16/24 1:15 PM

DraftKings 44% increase in Q4 revenue overshadowed in call by Jackpocket acquisition

  • Rege Behe — Lead Contributor, CDC Gaming
DraftKings Q4 2023 earnings call Friday discussed the company’s financials, but a $750 million acquisition of Jackpocket and a... more
02/15/24 3:39 PM

Penn Entertainment’s Q4 2023 earnings draw analyst attention as ESPN Bet plays out

  • Rege Behe — Lead Contributor, CDC Gaming
Penn Entertainment Thursday during its earnings conference call reported revenue of $1.37 billion for the fourth quarter of 2023, a 13.2%... more
02/13/24 8:24 PM

After stellar results in 2023, MGM CEO confident that 2024 will be similar

  • Rege Behe — Lead Contributor, CDC Gaming
During Tuesday’s earnings call with analysts and investors, MGM Resorts International President and CEO Bill Hornbuckle admitted that the... more
02/13/24 8:19 PM

Record year for MGM capped by record fourth quarter

  • Rege Behe — Lead Contributor, CDC Gaming
During its earnings conference call Tuesday, MGM Resorts International reported revenue of $4.4 billion for the fourth quarter of 2023, the... more
02/08/24 7:41 PM

Boyd Gaming reports record year for revenue, earnings

  • Buck Wargo, CDC Gaming
Boyd Gaming reported a full-year record for revenue and adjusted earnings, the third consecutive year the company broke its own record.... more