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Financial reports

Gentoo Media delivers 16 consecutive quarters of record growth

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2024 was a transformative period for the company and after successfully completing a strategic split, the Group is well positioned as a stand-alone business to capitalise on growth opportunities and enhance its market presence

Gentoo Media Inc. presents its Q4 2024 financial report, with record-high revenue of EUR 35.9 million, up 38% year-over-year, marking the 16th consecutive quarter of growth. Full year revenue was EUR 124.5 million (an increase of 41% YoY) with  EBITDA of EUR 56.6 million representing a margin of 45%. (excluding split-related costs).

Jonas Warrer, CEO of Gentoo Media: “I am pleased to present our fourth quarter report for 2024, marking the 16th consecutive period of all-time high revenue for Gentoo Media. This sustained growth demonstrates the strength of our strategy and commitment to delivering long-term value to our shareholders”.

Mikael Harstad, Chairman of the Board at Gentoo Media:”Gentoo Media has established itself as a major player in a global industry but still only has a small market share, presenting substantial growth opportunities. Management and the board are excited about the road ahead, further positioning the company as an industry leader in 2025 and beyond.”

Q4 2024 highlights

  • Gentoo Media reported all-time high revenues of EUR 35.9 million, up 38% YoY, of which 18% organic growth

  • EBITDA before special items reached EUR 14.3 million, an EBITDA-margin of 40%

  • EBIT reached EUR 9.8 million, with a margin of 27%

  • Quarterly value of deposits reached EUR 200 million, up 27% YoY, bringing full-year deposits to EUR 767 million

  • By Q4 Gentoo Media is now purely an affiliate-focused business after distribution of the Platform & Sportsbook division to shareholders on 30 September 2024

  • Post-split, cash flow from operations will improve, enhancing capital allocation flexibility. Gentoo Media is now better positioned to drive strong returns and investor value

  • Throughout 2024 Gentoo Media has funded Platform & Sportsbook business with EUR 46 million

Investor presentation and webcast

CEO of Gentoo Media, Jonas Warrer, will host a presentation of the Q4 2024 results via livestream at 10:00 CET today.

The presentation will be followed by a Q&A-session, and investors, analysts and journalists are welcome to participate. The presentation will be given in English.

The post Gentoo Media delivers 16 consecutive quarters of record growth appeared first on European Gaming Industry News.

Financial reports

PA Gaming Control Board Reports a Nearly 11% increase of Gaming Revenue in April

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The Pennsylvania Gaming Control Board (PGCB) reported today that the combined total revenue generated from all forms of gaming along with fantasy contests during April 2025 was $558,717,922, an increase of 10.7% from last April.

The following chart compiles all revenue generated in April 2025 by casinos, along with fantasy contests and VGTs operated by other vendors and includes a comparison to total revenue generated in April 2024.

Source

April 2025

Total Revenue

April 2024

Total Revenue

% Change

Valley Forge Casino Resort

$99,090,172

$85,340,755

16.11%

Hollywood Casino at Penn National Race Course

$97,719,246

$78,343,398

24.73%

Rivers Casino Philadelphia

$56,209,401

$49,076,360

14.53%

Parx Casino

$54,211,940

$53,793,286

0.78%

Wind Creek Bethlehem

$47,825,103

$46,326,454

3.23%

Rivers Casino Pittsburgh

$27,533,445

$28,478,326

-3.32%

Hollywood Casino at the Meadows

$27,138,316

$26,007,948

4.35%

Live! Casino Philadelphia

$26,562,159

$24,304,441

9.29%

Harrah’s Philadelphia

$23,511,110

$21,071,057

11.58%

Mohegan Pennsylvania

$19,130,831

$20,024,953

-4.47%

Mount Airy Casino Resort

$17,803,898

$19,187,606

-7.21%

Presque Isle Downs and Casino

$13,732,651

$8,862,424

54.95%

Hollywood Casino York

$10,235,524

$8,450,128

21.13%

Live! Casino Pittsburgh

$9,585,109

$10,589,049

-9.48%

Golden Nugget

$7,670,389

$3,544,056

116.43%

Hollywood Casino Morgantown

$7,532,447

$7,330,347

2.76%

Video Gaming Terminals

$3,518,821

$3,648,270

-3.55%

Parx Shippensburg

$3,160,614

$3,125,398

1.13%

Bally’s Pennsylvania

$2,958,241

$3,812,426

-22.41%

The Casino at Nemacolin

$2,331,513

$2,138,432

9.03%

Fantasy Contests

$1,256,994

$1,228,294

2.34%

Statewide Total

$558,717,922

$504,683,409

10.71%

Total tax from games revenue during April 2025 was $234,493,926*.

 

April Revenue by Game Type

The PGCB is also providing a synopsis of revenue year-over-year by types of games: 

Type of Gaming Revenue

April 2025

April 2024

% Change

Retail Slots Revenue

$203,094,831

$205,485,828

-1.16%

iGaming Slots Revenue

$169,478,496

$126,013,832

34.49%

Retail Tables Revenue

$80,604,940

$78,482,947

2.70%

iGaming Tables Revenue

$55,892,309

$45,006,006

24.19%

Sports Wagering Revenue

$42,533,444

$42,412,510

0.29%

Video Gaming Terminals Revenue

$3,518,821

$3,648,270

-3.55%

iGaming Poker Revenue

$2,338,087

$2,405,721

-2.81%

Fantasy Contests Revenue

$1,256,994

$1,228,294

2.34%

Total Gaming Revenue

$558,717,922

$504,683,409

10.71%

 

Slot Machine Revenue

April’s revenue from the play of retail slot machines was $203,094,831, a 1.16% decrease in revenue when compared to the $205,485,828 generated in April 2024.

The number of slot machines in operation in April 2025 was 24,363 compared to 24,890 at the casinos in April 2024. 

Slot machine revenue for each of the casinos, with the percentage change reflected over the previous year, is as follows:

Casino

April 2025 Slots Revenue

April 2024 Slots Revenue

% Change

Parx Casino

$31,398,827

$31,627,184

-0.72%

Wind Creek Bethlehem

$22,484,142

$22,648,114

-0.72%

Rivers Casino Pittsburgh

$20,903,809

$21,552,173

-3.01%

Mohegan Pennsylvania

$15,066,512

$15,605,963

-3.46%

Hollywood Casino at the Meadows

$13,359,817

$13,791,981

-3.13%

Live! Casino Philadelphia

$12,578,702

$12,575,159

0.03%

Mount Airy Casino Resort

$11,989,812

$12,266,755

-2.26%

Rivers Casino Philadelphia

$11,807,479

$12,032,212

-1.87%

Hollywood Casino at Penn National Race Course

$11,528,692

$11,684,897

-1.34%

Valley Forge Casino Resort

$9,401,048

$9,035,378

4.05%

Harrah’s Philadelphia

$8,833,678

$9,080,862

-2.72%

Live! Casino Pittsburgh

$8,142,058

$9,126,484

-10.79%

Presque Isle Downs and Casino

$7,631,607

$7,476,168

2.08%

Hollywood Casino York

$7,560,618

$6,728,004

12.38%

Hollywood Casino Morgantown

$5,261,874

$5,338,456

-1.43%

Parx Shippensburg

$3,106,843

$3,040,633

2.18%

The Casino at Nemacolin

$2,039,313

$1,875,402

8.74%

Statewide Total

$203,094,831

$205,485,828

-1.16%

Tax revenue from the play of slot machines in April 2025 was $102,841,807*.

 

Retail Table Games Revenue

Retail Table Games revenue for April 2025 was $80,604,940, an increase of 2.70% from April 2024 when revenue was $78,482,947.

Table games revenue for each of the casinos, with the percentage change reflected over the previous year, is as follows.

Casino

April 2025 Table Games Revenue

April 2024 Table Games Revenue

% Change

Wind Creek Bethlehem

$23,971,086

$21,882,043

9.55%

Parx Casino

$16,102,523

$15,718,477

2.44%

Live! Casino Philadelphia

$9,233,598

$7,704,612

19.85%

Rivers Casino Philadelphia

$7,937,680

$6,993,058

13.51%

Rivers Casino Pittsburgh

$5,950,178

$6,154,381

-3.32%

Valley Forge Casino Resort

$2,883,706

$2,797,020

3.10%

Mount Airy Casino Resort

$2,380,314

$2,949,545

-19.30%

Harrah’s Philadelphia

$2,271,048

$2,071,503

9.63%

Mohegan Pennsylvania

$2,026,335

$2,662,142

-23.88%

Hollywood Casino at the Meadows

$1,632,924

$2,387,398

-31.60%

Hollywood Casino York

$1,496,542

$1,086,823

37.70%

Hollywood Casino at Penn National Race Course

$1,321,634

$2,176,702

-39.28%

Live! Casino Pittsburgh

$1,195,412

$1,375,312

-13.08%

Presque Isle Downs and Casino

$1,075,228

$1,319,443

-18.51%

Hollywood Casino Morgantown

$786,348

$870,996

-9.72%

The Casino at Nemacolin

$292,200

$263,030

11.09%

Parx Shippensburg

$48,185

$70,462

-31.62%

Statewide Total

$80,604,940

$78,482,947

2.70%

Total tax revenue from table games play during April 2025 was $13,496,060*.

 

Internet Casino-Type Gaming (iGaming) Revenue

Casino games offered online generated monthly gross revenue totaling $227,708,892 during April 2025. Compared to revenue of $173,425,559 in April 2024, this represents an increase of 31.30%.

A breakdown of revenue of casino games offered online is as follows:

Casino Operator

iSlots

Revenue

iTables Revenue

iPoker Revenue

Total iGaming Revenue

Hollywood Casino at Penn National Race Course

$57,479,821

$25,212,629

$498,895

$83,191,345

Valley Forge Casino Resort

$48,266,132

$18,464,415

$66,730,547

Rivers Casino Philadelphia

$31,127,572

$4,490,644

$266,573

$35,884,789

Harrah’s Philadelphia

$8,115,975

$2,670,850

$378,874

$11,165,698

Golden Nugget

$7,136,062

$534,327

$7,670,389

Parx Casino

$4,809,436

$960,916

$5,770,352

Live! Casino Philadelphia

$3,737,078

$861,343

$4,598,421

Mount Airy Casino Resort

$1,755,991

$510,777

$1,193,745

$3,460,513

Presque Isle Downs and Casino

$1,859,955

$1,253,532

$3,113,487

Bally’s Pennsylvania

$2,570,604

$387,637

$2,958,241

Mohegan Pennsylvania

$1,528,712

$301,957

$1,830,668

Wind Creek Bethlehem

$1,091,159

$243,283

$1,334,442

Statewide Total

$169,478,496

$55,892,309

$2,338,087

$227,708,892

Tax revenue generated from iGaming during April 2025 was $100,825,684*.

Total iGaming revenue for each of the casinos during April 2025 and April 2024, if applicable, is as follows:

Operator

April 2025
iGaming Revenue

April 2024
iGaming Revenue

% Change

Hollywood Casino at Penn National Race Course

$83,191,345

$62,315,703

33.50%

Valley Forge Casino Resort

$66,730,547

$48,092,985

38.75%

Rivers Casino Philadelphia

$35,884,789

$30,642,859

17.11%

Harrah’s Philadelphia

$11,165,698

$9,409,722

18.66%

Golden Nugget

$7,670,389

$3,544,056

116.43%

Parx Casino

$5,770,352

$4,990,916

15.62%

Live! Casino Philadelphia

$4,598,421

$3,436,705

33.80%

Mount Airy Casino Resort

$3,460,513

$3,956,965

-12.55%

Presque Isle Downs and Casino

$3,113,487

n/a

n/a

Bally’s Pennsylvania

$2,958,241

$3,812,426

-22.41%

Mohegan Pennsylvania

$1,830,668

$1,412,160

29.64%

Wind Creek Bethlehem

$1,334,442

$1,811,063

-26.32%

Statewide Total

$227,708,892

$173,425,559

31.30%

 

Sports Wagering Revenue

April 2025 total sports wagering handle was $711,569,216, 10.14% above the April 2024 total of $646,061,065. 

The taxable revenue figure for April 2025 was $42,533,444, or 0.29% higher when compared to April 2024, when taxable revenue was $42,412,510. 

April 2025 sports wagering total handle and revenue are as follows:

Casino Operator

Total

Handle2

Retail

Revenue

Online Revenue

Total Revenue

Valley Forge Casino Resort

$269,836,185

-$35,399

$20,110,270

$20,074,871

Hollywood Casino at the Meadows

$185,602,950

$53,276

$12,092,299

$12,145,575

Presque Isle Downs and Casino

$34,243,132

$31,271

$1,881,058

$1,912,329

Hollywood Casino at Penn National

$32,151,458

$72,749

$1,604,825

$1,677,575

Hollywood Casino Morgantown

$60,055,196

-$26,384

$1,510,609

$1,484,225

Harrah’s Philadelphia

$25,824,434

$134,774

$1,105,911

$1,240,686

Hollywood Casino York

$42,038,254

$918

$1,177,446

$1,178,364

Parx Casino

$14,986,726

$263,367

$676,869

$940,237

Rivers Casino Pittsburgh

$25,411,936

$218,799

$460,660

$679,459

Rivers Casino Philadelphia

$12,149,428

$66,794

$512,660

$579,454

Live! Casino Pittsburgh

$1,087,213

$247,640

$0

$247,640

Live! Casino Philadelphia

$5,490,455

$151,438

$0

$151,438

Mohegan Pennsylvania

$717,634

$117,077

$0

$117,077

Mohegan Lehigh Valley1

$712,790

$90,238

$0

$90,238

Wind Creek Bethlehem

$828,888

-$620

$36,053

$35,434

Parx Shippensburg

$42,879

$5,585

$0

$5,585

Mount Airy Casino Resort

$389,661

-$26,742

$0

-$26,742

Statewide Total

$711,569,216

$1,364,783

$41,168,661

$42,533,444

Operated by Mohegan Pennsylvania

A breakout of the handle between retail and online sportsbooks can be found on the website report.

Sports wagering revenue for each of the casinos and plus the one Off Track Betting facility during April 2025 and April 2024, if applicable, is as follows:

Operator

April 2025 Sports Wagering Revenue

April 2024 Sports Wagering Revenue

% Change

Valley Forge Casino Resort

$20,074,871

$25,415,372

-21.01%

Hollywood Casino at the Meadows

$12,145,575

$9,828,569

23.57%

Presque Isle Downs and Casino

$1,912,329

$66,814

2762.17%

Hollywood Casino at Penn National Race Course

$1,677,575

$2,166,095

-22.55%

Hollywood Casino Morgantown

$1,484,225

$1,120,894

32.41%

Harrah’s Philadelphia

$1,240,686

$508,970

143.76%

Hollywood Casino York

$1,178,364

$635,301

85.48%

Parx Casino

$940,237

$1,343,210

-30.00%

Rivers Casino Pittsburgh

$679,459

$771,772

-11.96%

Rivers Casino Philadelphia

$579,454

-$591,769

-197.92%

Live! Casino Pittsburgh

$247,640

$87,253

183.82%

Live! Casino Philadelphia

$151,438

$587,965

-74.24%

Mohegan Pennsylvania

$117,077

$168,079

-30.34%

Mohegan Lehigh Valley2

$90,238

$176,609

-48.91%

Wind Creek Bethlehem

$35,434

-$14,766

-339.96%

Parx Shippensburg

$5,585

$14,302

-60.95%

Mount Airy Casino Resort

-$26,742

$14,342

n/a

South Philly Race & Sportsbook1 3

n/a

$113,499

n/a

Statewide Total

$42,533,444

$42,412,510

0.29%

1Operated by Parx Casino

Operated by Mohegan Pennsylvania

3 No longer operating

Tax revenue generated from sports wagering during April 2025 was $15,312,040*.

 

Video Gaming Terminals

Total adjusted revenue for April 2025 for video gaming terminals (VGTs) was $3,518,821, 3.55% lower than April 2024 when revenue was $3,648,270. By the end of April 2025, all VGT Operators offered the maximum permitted five machines at each of the 74 qualified truck stop establishments, compared to five machines at each of the 74 establishments at this time last year.

Truck Stop VGT adjusted revenue for each of the terminal operators during April 2025 is as follows:

VGTs Terminal Operator

April 2025 VGT Revenue

April 2024 VGT Revenue

% Change

Marquee by Penn1

$2,407,652

$2,388,864

0.79%

J&J Ventures Gaming2

$800,157

$960,004

-16.65%

Jango3

$311,012

$249,650

24.58%

Accel Entertainment Gaming5

$0

$4,696

n/a

Venture Gaming LLC4

$0

$45,056

n/a

Statewide Total

$3,518,821

$3,648,270

-3.55%

1 operated VGTs in 32 establishments during April  

2 operated VGTs in 27 establishments during April  

3 operated VGTs in 13 establishments during April 

4 operated VGT’s in 2 establishments but were not operational during April 

5 operated VGTs in no establishments during April

Tax revenue collected from the play of VGTs in April 2025 was $1,829,787*.

 

Fantasy Contests

Fantasy Contests revenue was $1,256,994 in April 2025, an increase of 2.34% over April 2024, when revenue was $1,228,294

Fantasy Contests Operator

April 2025 Fantasy Revenue

April 2024 Fantasy Revenue

% Change

DraftKings

$945,998

$915,949

3.28%

FanDuel

$181,113

$211,873

-14.52%

Underdog Sports, Inc.

$114,632

$84,085

36.33%

Yahoo Fantasy Sports

$10,635

$11,038

-3.65%

Fantasy Sports Games LLC

$2,760

$3,460

-20.24%

Sportshub Technologies

$1,937

$1,844

5.03%

OwnersBox

-$81

$37

-316.83%

Jock MKR

n/a

$8

n/a

Statewide Total

$1,256,994

$1,228,294

2.34%

Tax revenue collected from the play of Fantasy Contests in April 2025 was $188,549*.

*All tax revenue figures reflect amount generated prior to any adjustments by the PA Department of Revenue

 

The post PA Gaming Control Board Reports a Nearly 11% increase of Gaming Revenue in April appeared first on Gaming and Gambling Industry in the Americas.

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Financial reports

BETBY ACCELERATES INTO 2025 WITH TRIPLE-DIGIT GROWTH IN Q1

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BETBY, a leading sportsbook supplier, has reported an exceptional start to the year, posting strong Q1 results marked by significant growth in Gross Gaming Revenue (GGR), active bettors across its partner network, and total bets placed. These results reflect the continued evolution of BETBY’s sportsbook solution, the introduction of innovative new products, and strategic partnerships.

Overall sportsbook Gross Gaming Revenue surged by +179% compared to Q1 2024, fueled by the successful launch of new projects and the outstanding performance of key existing clients.

This impressive growth is the result of strategic initiatives led by BETBY’s commercial team, which have substantially expanded the company’s global footprint. During the same period, the number of active players increased by +20% year-on-year, while the total number of bets placed rose by +65%, further highlighting the platform’s growing traction.

In addition to core sportsbook growth, BETBY’s proprietary esports feed, BETBY Games, also delivered robust results, registering a 203% GGR increase resulting from a 37% growth in active players and 64% increase in placed bets. This led to BETBY Games’ share of the supplier’s GGR for Q1 2025 standing at 12%.

Leonid Pertsovskiy, Chief Executive Officer at BETBY said: “These results reflect the strength of our long-term investments in product innovation, team excellence, and strategic partnerships. Our Q1 performance showcases the growing trust our clients have in BETBY and our ability to drive their business growth without ever compromising on quality.”

The post BETBY ACCELERATES INTO 2025 WITH TRIPLE-DIGIT GROWTH IN Q1 appeared first on European Gaming Industry News.

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Arizona Department of Gaming Reports $30.8 Million in Tribal Gaming Contributions for the Third Quarter of Fiscal Year 2025

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The Arizona Department of Gaming announced today $30,845,042 in tribal gaming contributions to the Arizona Benefits Fund for the third quarter of Fiscal Year 2025. This amount represents an approximate 7.9 percent increase when compared to the same quarter of FY 2024.

The Arizona Benefits Fund receives 88 percent of tribal gaming contributions, providing significant dollars to support instructional improvement in schools, trauma and emergency care, tourism, and wildlife conservation throughout the state.

Tribal gaming contributions to the Arizona Benefits Fund for the 3rd quarter of the Stateߣs FY 2025 are as follows:

Instructional Improvement Fund/Education ߝ $15,373,169

Trauma and Emergency Services Fund ߝ $7,686,584

Arizona Department of Gaming Operating Costs ߝ $2,776,054

Arizona Wildlife Conservation Fund ߝ $2,196,167

Tourism Fund ߝ $2,196,167

Problem Gambling Education, Treatment and Prevention ߝ $616,901

FY 25 Qtr 3 Total: Tribal Gaming Contributions to the Arizona Benefits Fund ߝ $30,845,042

Per the Arizona Tribal-State Gaming Compact, Tribes with casinos also contribute a percentage of their Class III gross gaming revenue to cities, towns, and counties. Currently, there are 26 Class III casinos in Arizona, which ADG regulates in partnership with Arizona tribes. Since the inception of tribal gaming in Arizona, over $2.34 billion in cumulative tribal contributions has been contributed to the state and its cities, towns, and counties since FY 2004.

The post Arizona Department of Gaming Reports $30.8 Million in Tribal Gaming Contributions for the Third Quarter of Fiscal Year 2025 appeared first on Gaming and Gambling Industry in the Americas.

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