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gamblingcom-group-announces-preliminary-record-2024-fourth-quarter-revenue-of-approximately-$352-million,-net-income-of-approximately-$78-million-and-adjusted-ebitda-of-approximately-$14.7-million gamblingcom-group-announces-preliminary-record-2024-fourth-quarter-revenue-of-approximately-$352-million,-net-income-of-approximately-$78-million-and-adjusted-ebitda-of-approximately-$14.7-million

Financial reports

Gambling.com Group Announces Preliminary Record 2024 Fourth Quarter Revenue of Approximately $35.2 Million, Net Income of Approximately $7.8 Million and Adjusted EBITDA of Approximately $14.7 Million

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Introduces 2025 Guidance for Revenue of $170 to $174 Million and Adjusted EBITDA of $67 to $69 Million

Will Report 2024 Fourth Quarter and Full Year Results on March 20 and Host Conference Call and Webcast

Gambling.com Group Limited, a fast-growing provider of digital marketing services for the global online gambling industry, today provided select preliminary financial results for the fourth quarter and full year periods ended December 31, 2024. In addition, the Company introduced 2025 revenue and Adjusted EBITDA guidance as detailed below.

Preliminary 2024 Fourth Quarter Results:

  • Total revenue of approximately $35.2 million
  • Net Income of approximately $7.8 million
  • Adjusted EBITDA of approximately $14.7 million, representing an Adjusted EBITDA margin of 42%1
  • Cash flow generated by operating activities of approximately $13.6 million
  • Free Cash Flow of approximately $13.1 million1

Preliminary 2024 Full Year Results:

  • Total revenue of approximately $127.1 million
  • Net Income of approximately $30.5 million
  • Adjusted EBITDA of approximately $48.5 million, representing an Adjusted EBITDA margin of 38%1
  • Cash flow generated by operating activities of approximately $37.6 million
  • Free Cash Flow of approximately $41.5 million1

“Our preliminary, record 2024 fourth quarter and full year results surpassed expectations due to our relentless focus on execution and the ability of our global portfolio of websites to continuously drive valuable, high intent traffic to our customers in a capital efficient manner,” said Gambling.com Group co-founder and CEO, Charles Gillespie. “Our operating performance continues to be led by the strong growth trajectory and attractive unit economics of iGaming revenue across all our operating regions. As reflected in our initial revenue and Adjusted EBITDA guidance for 2025, we are confident that our great positioning will drive yet another year of record performance with impressive continued revenue, Adjusted EBITDA and Free Cash Flow growth.”

The preliminary unaudited results provided in this release are derived from preliminary internal financial reports and are subject to revision based on the Company’s procedures and controls associated with the completion of its 2024 fourth quarter and full year financial reporting.

____________________________

  1. Represents non-IFRS information. See “Non-IFRS Financial Measures” and the tables at the end of this release for an explanation of the adjustments and reconciliations to the comparable IFRS numbers.

2025 Outlook
The Company today also introduced full year 2025 guidance for revenue of between $170 million and $174 million and Adjusted EBITDA of between $67 million and $69 million.

The Company’s guidance assumes:

  • Incremental Adjusted EBITDA contributions of approximately $14.5 million related to the acquisition of Odds Holdings, Inc. that was completed on January 1, 2025.
  • While online sports betting is expected to begin in Missouri in the second half of 2025, the Company’s guidance policy excludes any benefits from new state launches until such time as a definitive start date is announced by the appropriate regulatory body.
  • An average EUR/USD exchange rate of 1.05 throughout 2025.

2024 Fourth Quarter Conference Call and Webcast

Gambling.com Group will release its 2024 fourth quarter and full year results before the market opens on Thursday, March 20, 2025, and host a conference call and simultaneous webcast at 8:00 AM ET that day. During the call, Gambling.com Group Chief Executive Officer and Co-Founder, Charles Gillespie, and Chief Financial Officer, Elias Mark, will review the Group’s financial results and provide a business update, followed by a question-and-answer session.

The post Gambling.com Group Announces Preliminary Record 2024 Fourth Quarter Revenue of Approximately $35.2 Million, Net Income of Approximately $7.8 Million and Adjusted EBITDA of Approximately $14.7 Million appeared first on Gaming and Gambling Industry in the Americas.

Financial reports

Evoplay drives growth across new verticals and partnerships in successful H1 2025

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Evoplay, the award-winning game development studio, has reported a successful first half of 2025 marked by strong commercial growth, continued product expansion and new milestones across key verticals.

In the first half of 2025, the studio launched 19 new titles and saw a 47% rise in player activity compared to the same period last year. Total rounds played increased by 27%, while gross gaming revenue (GGR) grew by 21% and the total bet amount by 24%, reaffirming Evoplay’s status as one of the fastest-expanding suppliers in the iGaming sector.

Evoplay’s innovative output and unique game design continued to earn industry recognition. The studio received the Slots Provider of the Year award at the AffPapa Awards and claimed the Game Design & Art Direction trophy at the SBC Awards Europe, recognised for the groundbreaking title Adrenaline Rush.

Alongside core slots and instant games, Evoplay continued to build momentum in lottery and bingo. The company launched Adrenaline Rush: Scratch, a new approach to digital lottery entertainment, and established new partnerships with state operators, including Loterías Torito in Peru and Azerlotereya in Azerbaijan. All titles were fully localised to comply with lottery regulations and responsible gaming standards, featuring customised game mechanics and content specific to each market.

“Our lottery offering represents a significant milestone in Evoplay’s journey,” said Frank Cecchini, Head of Lottery at Evoplay. “We’ve shown that our games can support lotteries in attracting new audiences and diversifying operators’ portfolio, without undermining the trust and structure of the traditional lottery model.”

In tandem with product development, Evoplay also enhanced its global marketing strategy. The studio launched its Big Adventures Campaign, its most extensive network campaign to date, supported by a €2.5 m prize pool, and continued to enhance the Client Area, a dedicated platform that offers partners easy access to promotional materials and tools.

Another key milestone was the launch of the Affiliate Hub, a resourceful platform that enables media and affiliate partners with release schedules, game sheets, and brand assets.

“Our goal has always been to make life easier for our partners,” said Diana Larina, Head of Marketing at Evoplay. “From campaign design to delivery, we’re equipping operators and affiliates with the tools they need to get our games in front of the right players at the right time.”

In a first-of-its-kind collaboration, Evoplay also co-developed Uncrossable Rush in partnership with SlotCatalog, a leading industry analytics affiliate platform. The title represents a new blueprint for data-driven development and a closer alignment between supplier and affiliate marketing.

As part of the company’s broader update, Evoplay also announces that Chief Commercial Officer Ihor Zarechnyi will be stepping down. A key member of the team since 2021, Ihor has played a vital role in Evoplay’s global growth and partner expansion and has been crucial in shaping the studio’s commercial strategy.

“We’re incredibly grateful for Ihor’s leadership and the significant contributions he has made over the years,” said Ivan Kravchuk, CEO at Evoplay. “This marks the start of an exciting new chapter for both Evoplay and Ihor, and we part ways with great respect, pride, and confidence in the future.”

The company also announced several internal promotions, including Vasilena Gekova as Head of Finance. Her appointment follows earlier promotions of Anton Gyria as Director of Business Operations and Olga Pronak as Head of Key Account Management, further demonstrating Evoplay’s commitment to nurturing talent from within as the company continues its growth journey.

Anton Gyria noted: “It’s been a rewarding journey so far, and stepping into a more strategic position allows me to support the business on a wider scale while staying true to the culture that’s made Evoplay what it is.”

These changes reflect the studio’s long-standing commitment to developing and recognising its people, with each promotion resulting from years of consistent contributions and leadership across various departments.

As Evoplay expands its global presence and product verticals, strengthening internal teams and rewarding dedication remains a core focus.

Ivan Kravchuk added: “The first half of 2025 has been a testament to the strength of our vision and the dedication of our team.

“From expanding into new verticals to delivering exceptional content and establishing valuable partnerships, we’ve taken bold steps that continue to shape our journey. We’re proud of what we’ve accomplished so far and remain committed to building momentum in the months ahead.”

The post Evoplay drives growth across new verticals and partnerships in successful H1 2025 appeared first on European Gaming Industry News.

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Financial reports

PGCB Reports Record Revenue of Nearly $6.4 Billion from Legal Gambling in State Fiscal Year

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The Pennsylvania Gaming Control Board (“PGCB”) today reported that revenue generated during the combined Fiscal Year 2024/2025 of gaming it regulates reached a record level of $6,394,641,819.

This figure consists of the combined revenue from casino slot machines and table games, iGaming, sports wagering, video gaming terminals (VGTs) and fantasy sports contests. The amount eclipses the previous high for revenue in a fiscal year of $5,892,516,807 achieved in 2023/2024. Pennsylvania’s Fiscal Year runs from July 1 to June 30.

The resulting tax revenue from the play of these games in Fiscal Year 2024/2025 was $2,797,395,982. That figure eclipses the previous high for tax revenue in a fiscal year achieved during 2023/2024 of approximately $2.54 billion. The estimated amounts for revenue and taxes being reported are prior to any possible adjustments by the PA Department of Revenue.

Tax revenue from the various forms of gaming regulated by the PGCB is returned to Pennsylvanians in a number of ways. These include, but are not limited to:

  • school property tax reduction on an owner’s primary residence;
  • state, county, and local economic development, safety and recreational projects;
  • support of the agricultural industry through support of horse racing; and,
  • revenue toward the Commonwealth’s General Fund.

A comparison of combined revenue is below:

Fiscal Year

Slot

Machine Revenue

iGaming Revenue

Table Games Revenue

Sports Wagering Revenue

VGT’s Revenue

Fantasy Sports Contests

Total Gaming Revenue

12/13

$2,428,887,430

$713,107,163

$3,141,994,593

13/14

$2,319,890,598

$731,874,861

$3,051,765,460

14/15

$2,335,787,919

$779,738,065

$3,115,525,984

15/16

$2,388,658,549

$839,177,086

$3,227,835,635

16/17

$2,336,152,508

$866,518,820

$3,202,671,328

17/18

$2,352,320,937

$895,278,806

$2,349,569

$3,249,949,311

18/19

$2,378,859,341

$885,588,231

$21,730,113

$23,588,490

$3,309,766,175

19/20

$1,697,955,473

$240,894,852

$644,543,736

$113,724,759

$6,798,123

$20,868,176

$2,724,785,117

20/21

$1,887,573,437

$897,216,020

$721,763,471

$308,849,184

$31,334,744

$28,186,529

$3,874,923,386

21/22

$2,410,313,212

$1,232,309,138

$1,015,735,661

$315,716,247

$41,584,158

$27,308,976

$5,042,967,392

22/23

$2,452,239,440

$1,532,761,065

$974,018,112

$491,960,612

$42,114,593

$20,668,195

$5,513,762,017

23/24

$2,438,537,357

$1,949,017,248

$958,027,818

$486,566,429

$41,105,387

$19,262,568

$5,892,516,807

24/25

$2,440,474,767

$2,477,083,825

$928,915,940

$487,639,844

$41,392,843

$19,134,601

$6,394,641,819

 

Retail Slot Machine Revenue

Fiscal Year 2024/25 gross revenue from slot machines at the casinos was $2,440,474,767, a 0.08% increase in revenue when compared to the $2,438,537,357 generated in Fiscal Year 2023/24.

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

Retail Slot Machine Revenue

by Operator

Slot Machine Revenue FY2024/25

Slot Machine Revenue FY2023/24

% Change

Parx Casino

$377,741,868

$377,032,792

0.19%

Wind Creek Bethlehem

$281,813,834

$284,307,219

-0.88%

Rivers Casino Pittsburgh

$259,376,552

$265,520,300

-2.31%

Mohegan Pennsylvania

$175,512,043

$178,826,406

-1.85%

Hollywood Casino at the Meadows

$165,364,220

$162,709,117

1.63%

Mount Airy Casino Resort

$153,287,514

$155,143,779

-1.20%

Live! Casino Philadelphia

$152,124,613

$144,926,580

4.97%

Rivers Casino Philadelphia

$137,486,000

$133,819,461

2.74%

Hollywood Casino at Penn National Race Course

$134,995,246

$137,320,744

-1.69%

Harrah’s Philadelphia

$105,042,096

$109,918,495

-4.44%

Valley Forge Casino Resort

$103,226,169

$103,889,859

-0.64%

Live! Casino Pittsburgh

$99,739,181

$99,808,958

-0.07%

Presque Isle Downs and Casino

$85,948,165

$89,925,305

-4.42%

Hollywood Casino York

$85,268,464

$80,121,662

6.42%

Hollywood Casino Morgantown

$61,408,784

$59,013,269

4.06%

Parx Shippensburg

$36,866,401

$34,471,430

6.95%

The Casino at Nemacolin

$25,273,617

$21,781,982

16.03%

Statewide Total

$2,440,474,767

$2,438,537,357

0.08%

Tax revenue from the play of slots machines in Fiscal Year 2024/25, including mandated fees paid by some operators, amounted to $1,343,013,822.

 

Retail Table Games Revenue

Fiscal Year 2024/25 gross revenue from table games at the casinos was $928,915,940, a 3.04% decrease in revenue when compared to the $958,027,818 generated in Fiscal Year 2023/24.

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

Retail Table Games Revenue by Operator

Table Games Revenue FY2024/25

Table Games Revenue FY2023/24

% Change

Wind Creek Bethlehem

$248,027,460

$252,200,606

-1.65%

Parx Casino

$196,413,495

$199,049,817

-1.32%

Live! Casino Philadelphia

$104,163,224

$107,817,308

-3.39%

Rivers Casino Philadelphia

$82,091,166

$86,998,189

-5.64%

Rivers Casino Pittsburgh

$73,919,682

$79,129,580

-6.58%

Valley Forge Casino Resort

$37,167,593

$33,693,962

10.31%

Mount Airy Casino Resort

$35,514,513

$34,636,221

2.54%

Mohegan Pennsylvania

$28,386,495

$27,999,899

1.38%

Hollywood Casino at Penn National Race Course

$24,867,554

$24,576,944

1.18%

Harrah’s Philadelphia Casino

$22,172,289

$26,708,238

-16.98%

Hollywood Casino at the Meadows

$21,931,051

$28,181,270

-22.18%

Live! Casino Pittsburgh

$14,750,775

$15,535,302

-5.05%

Hollywood Casino York

$13,612,400

$15,918,424

-14.49%

Presque Isle Downs and Casino

$12,364,452

$13,038,895

-5.17%

Hollywood Casino Morgantown

$10,207,462

$9,272,263

10.09%

The Casino at Nemacolin

$2,552,301

$2,377,478

7.35%

Parx Shippensburg

$774,029

$893,423

-13.36%

Statewide Total

$928,915,940

$958,027,818

-3.04%

Tax revenue from the play of table games in Fiscal Year 2024/25 was $154,879,545.

 

Internet Casino-Type Gaming (iGaming) Revenue

Fiscal Year 2024/25 revenue from iGaming was $2,477,083,825, a 27.09% increase in revenue when compared to the $1,949,017,248 generated in Fiscal Year 2023/24. This revenue amount is a high mark for a fiscal year.

Operator

FY2024/25
iGaming Revenue

FY2023/24
iGaming Revenue

% Change

Hollywood Casino at Penn National Race Course

$935,823,045

$751,177,422

24.58%

Valley Forge Casino Resort

$675,170,190

$482,491,457

39.93%

Rivers Casino Philadelphia

$411,718,444

$356,647,653

15.44%

Harrah’s Philadelphia

$115,994,074

$102,020,334

13.70%

Golden Nugget

$79,696,001

$39,281,525

102.88%

Parx Casino

$58,964,411

$58,835,932

0.22%

Live! Casino Philadelphia

$54,177,983

$39,973,190

35.54%

Mount Airy Casino Resort

$42,559,169

$46,187,631

-7.86%

Bally’s Pennsylvania

$41,566,491

$32,518,516

27.82%

Presque Isle Downs and Casino

$23,128,408

n/a

n/a

Mohegan Pennsylvania

$20,183,159

$17,081,366

18.16%

Wind Creek Bethlehem

$18,102,450

$22,802,222

-20.61%

Statewide Total

$2,477,083,825

$1,949,017,248

27.09%

Tax revenue from iGaming in Fiscal Year 2024/25 was $1,099,557,803.

 

Sports Wagering Revenue

Fiscal Year 2024/25 revenue from sports wagering was $487,639,844, a 0.22% decrease in revenue when compared to the $486,566,429 generated in Fiscal Year 2023/24. At the same time, the sports wagering handle increased between the two fiscal years from $8,169,540,520 to $8,721,795,533.

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

Sports Wagering Revenue by Operator

Sports Wagering Revenue FY2024/25

Sports Wagering Revenue FY2023/24

% Change

Valley Forge Casino Resort

$250,290,144

$249,370,325

0.37%

Hollywood Casino at the Meadows

$131,189,196

$137,139,171

-4.34%

Hollywood Casino Morgantown

$19,991,392

$21,196,614

-5.69%

Hollywood Casino at Penn National Race Course

$16,995,365

$4,701,217

261.51%

Rivers Casino Pittsburgh

$14,869,925

$16,901,149

-12.02%

Parx Casino

$12,466,404

$16,833,893

-25.94%

Hollywood Casino York

$10,753,708

$6,102,831

76.21%

Harrah’s Philadelphia

$9,983,926

$8,362,280

19.39%

Rivers Casino Philadelphia

$9,215,349

$8,289,394

11.17%

Live! Casino Philadelphia

$5,326,723

$6,331,196

-15.87%

Presque Isle Downs and Casino

$1,788,457

$1,043,731

71.35%

Live! Casino Pittsburgh

$1,518,356

$1,609,231

-5.65%

Mohegan Sun Lehigh Valley

$1,076,750

$1,397,927

-22.98%

Mohegan Pennsylvania

$973,182

$3,271,401

-70.25%

Wind Creek Bethlehem

$489,195

$1,072,775

-54.40%

Mount Airy Casino Resort

$357,192

$704,580

-49.30%

South Philly Race & Sportsbook

$250,878

$2,038,030

-87.69%

Parx Shippensburg

$103,704

$109,718

-5.48%

Parx Malvern

n/a

$90,967

n/a

Statewide Total

$487,639,844

$486,566,429

0.22%

Tax revenue from Sports Wagering in Fiscal Year 2024/25 was $175,550,344.

 

Video Gaming Terminals

Fiscal Year 2024/25 revenue for Video Gaming Terminals at Truck Stops was $41,392,843, a 0.70% increase when compared to the $41,105,387 in Fiscal Year 2023/24.  At the end of this fiscal year, there were 75 VGT facilities operating in Pennsylvania compared to 74 facilities in operation at the end of Fiscal Year 2023/2024.

VGT revenue for each of the providers, with the percentage change reflected over the previous year, is as follows:

VGT Terminal Operator

VGT Revenue

FY2024/25

VGT Revenue

FY2023/24

% Change

Marquee by Penn1

$27,567,893

$25,876,995

6.53%

J&J Ventures Gaming2

$10,410,895

$11,462,180

-9.17%

Jango Entertainment3

$3,250,748

$3,419,612

-4.94%

Venture Gaming LLC4

$109,734

$266,424

-58.81%

Accel Entertainment Gaming5

$53,573

$80,177

-33.18%

Statewide Total

$41,392,843

$41,105,387

0.70%

Tax revenue from VGTs in Fiscal Year 2024/25 was $21,524,278.

 

Fantasy Contests Revenue

Fiscal Year 2024/25 revenue from fantasy contests was $19,134,601, a 0.66% decrease in revenue when compared to the $19,262,568 generated in Fiscal Year 2023/24.

Fantasy contests revenue for each of the providers, with the percentage change reflected over the previous year, is as follows:

Fantasy Contests Operator

Fantasy Revenue FY2024/25

Fantasy Revenue FY2023/24

% Change

DraftKings

$13,359,018

$13,585,594

-1.67%

FanDuel

$3,291,034

$3,685,166

-10.70%

UnderDog Sports

$1,900,354

$1,306,281

45.48%

Fantasy Football Players Championship

$255,652

$292,287

-12.53%

Yahoo Fantasy Sports

$152,853

$219,313

-30.30%

Sportshub Technologies

$72,239

$72,931

-0.95%

Fantasy Sports Gaming, LLC

$67,624

$69,398

-2.56%

DataForce

$38,216

$35,986

6.20%

Jock MKT

$0

-$131

-100.00%

OwnersBox

-$2,389

-$4,257

-43.88%

Statewide Total

$19,134,601

$19,262,568

-0.66%

Tax revenue from Fantasy Contests in Fiscal Year 2024/25 was $2,870,190.

The post PGCB Reports Record Revenue of Nearly $6.4 Billion from Legal Gambling in State Fiscal Year appeared first on Gaming and Gambling Industry in the Americas.

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Detroit Casinos Report $101M in June Revenue

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The three Detroit casinos—MGM Grand Detroit, MotorCity Casino, and Hollywood Casino at Greektown—collectively generated $101.04 million in revenue for June 2025.

Table games and slot machines accounted for $100.38 million of the monthly total, while retail sports betting contributed $665,435.

June 2025 Market Share:

• MGM Grand Detroit: 48%

• MotorCity Casino: 31%

• Hollywood Casino at Greektown: 21%

Table Games and Slot Machine Revenue

Revenue from table games and slots decreased by 4.0% compared with June 2024 and dropped 11% from May 2025. For the first half of 2025 (January 1 – June 30), combined table games and slots revenue was down 0.8% year-over-year.

Casino-specific revenues compared to June 2024 were:

• MGM Grand Detroit: $48.43 million, down 0.6%

• MotorCity Casino: $30.63 million, down 2.7%

• Hollywood Casino at Greektown: $21.32 million, down 12.5%

The three casinos paid $8.1 million in state gaming taxes in June 2025, down from $8.5 million in June 2024. They also submitted $11.9 million in wagering taxes and development agreement payments to the City of Detroit.

Retail Sports Betting Revenue

In June 2025, the casinos reported a combined retail sports betting handle of $7.2 million, generating $666,374 in gross receipts. Qualified adjusted gross receipts (QAGR) from retail sports betting fell 25.1% from June 2024 and 48.1% from May 2025.

QAGR by casino:

• MGM Grand Detroit: $275,397

• MotorCity Casino: $242,069

• Hollywood Casino at Greektown: $147,969

The casinos paid $25,153 in state taxes from retail sports betting revenue and submitted $30,743 in wagering taxes to the City of Detroit.

Fantasy Contests

Fantasy contest operators reported $716,927 in adjusted revenues for May 2025 and paid $60,222 in taxes.

The post Detroit Casinos Report $101M in June Revenue appeared first on Gaming and Gambling Industry in the Americas.

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