Melco Resorts & Entertainment reported a 10.4% year-on-year decline in third-quarter operating revenue to $1.17 billion, down 6.4% sequentially from Q2. The downturn was driven by softer gaming demand across Macau, which negatively impacted rolling chip, mass-market table games, and non-gaming verticals. In addition, the operator's Adjusted Property EBITDA dropped 24.4% compared to the prior-year period.
Summary based on reporting by Yogonet, which retains all rights to its text and images.
One email each morning with the stories that moved the betting industry — regulators, operators and market moves, summarised. Free for industry professionals.
No spam, no bonuses — just industry news. Unsubscribe any time.
Flutter Entertainment has revised its full-year 2026 outlook downward after posting a $1.15 billion net loss in the third quarter, citing adverse sports results and regulatory restrictions in Brazil. The company trimmed its annual revenue midpoint to $17.61 billion and adjusted EBITDA forecast to $2.49 billion. To offset the downturn, the operator plans to execute $500 million in cost-saving measures.
PENN Entertainment reported a 7% increase in revenue to $1.84 billion for the third quarter of 2026. The results reflect ongoing top-line growth across the operator's gaming and entertainment portfolio.
Genius Sports has increased its 2026 revenue forecast to surpass $1bn, alongside higher EBITDA projections, following third-quarter partnerships with major prediction market operators. The company is actively working to narrow its net loss, which reached $147.9m year-to-date in Q3. The revised outlook reflects accelerating commercial momentum heading into the medium term.
Kambi Group reported a tripling of its operating profit to €5.1m ($5.76m) for Q3, alongside a 23% year-over-year increase in revenue to €46m ($51.98m). The sports betting supplier's adjusted EBITA also jumped 161% to €7.9m, lifting its adjusted margin to 17.3%.
Superbet has unveiled plans to invest €500m in Greece over the next six years. The operator intends to allocate the capital toward technology, workforce training, and sports sponsorships to establish itself as the country's leading gaming brand.