Red Rock Resorts grew third-quarter revenue by 2.8% to $488.7m, but swung to a net loss of $17.7m from a $76.9m profit a year earlier. The quarterly loss was primarily driven by $79.1m in share-based compensation expenses tied to employee stock awards issued for the company's 50th anniversary.
Summary based on reporting by G3 Newswire, 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.
Boyd Gaming and Sonesta International Hotels have entered into an exclusive strategic affiliation to broaden the distribution of Boyd’s casino resort portfolio. The collaboration introduces Boyd properties directly to Sonesta's customer base while exploring joint loyalty and commercial opportunities.
Sands China has listed $1bn in senior unsecured notes on the Hong Kong Stock Exchange as part of an ongoing debt refinancing programme. The placement consists of $700m in notes due 2032 with a 6.4% coupon and $300m in notes priced at 6.7%.
Lottomatica generated €1.72bn in revenue for the nine months ended 30 September, marking a 5% year-on-year increase. Growth was primarily driven by a 13% rise in online revenue to €780.8m, which offset a 1% decline in the Sports Franchise division.
Kambi Group reported a 23% increase in third-quarter revenue to €46m, up from €37.4m in the prior-year period. The sportsbook technology supplier also posted substantial profitability gains, with adjusted EBITA rising 161% to €7.9m and margins reaching 17.3%.
Sportradar reported a 24% year-over-year increase in third-quarter revenue to €363m, driven by core betting technology and US market gains. Revenue from Betting Technology & Solutions rose 27% to €297m, benefiting from the integration of IMG ARENA and rising demand from prediction market operators.