Gaming America: The Week on Wednesday

Here is what happened in the gaming industry across the Americas in the past week:

DraftKings raises revenue guidance for 2024 after 53% growth in Q1

DraftKings has reported its financial figures for the first quarter of 2024, highlighting a positive start to the new year.?Revenue in the first quarter of the year for the operator totaled $1.18bn, representing an increase of 53% year-over-year. This growth has been attributed to “healthy customer engagement,” including attracting new customers and an expansion of the sportsbook offerings into more jurisdictions such as Vermont and North Carolina.?Read the full article here.

Penn Entertainment’s Q1 2024 revenue reaches $1.6bn

Penn Entertainment has published its financial and business results for this year’s first quarter. The operator posted nearly $1.6bn in total revenue during the quarter, remaining close to its revenue results from one year ago. During Q1, the company posted net loss totaling $114.9m, with a $0.76 diluted loss per share. Its net loss was nearly a third of what Penn posted during Q4 2023, and yet represented a huge fall year-over-year. Read the full article here.

Wynn Resorts reports $144.2m of net income for Q1 2024

Wynn Resorts has announced financial results for the first quarter of 2024, reporting increases in operating revenue, net income and adjusted property EBITDAR year-over-year.?"The strong momentum we experienced in our business throughout 2023 continued to build during the first quarter with adjusted property EBITDAR reaching a new all-time record. The investments we have made in our properties, our team and our unique programming continue to extend our leadership position in each of our markets,” Wynn Resorts CEO Craig Billings said.?Read the full article here.

Other popular stories on GamingAmerica.com:

• IPO launch announced by Games Global (Read)
• Campaign for legalized sports betting in Missouri receives more than 340,000 signatures (Read)
• Minnesota sports betting bill sponsor says support for a legal market is down (Read)
• Bill filled in North Carolina to ban prop bets on college sports (Read)
• Study commissioned by AGA finds sports betting ad spend fell in 2023 (Read)

From Gaming America magazine:

Viewpoints: What's next for Tribal gaming?

Industry experts answer Gaming America's burning questions on all things related to Tribal gaming; featuring the Potawatomi Casino Hotel, Mohegan Digital, OPTX and Oddsworks. Read the full article here.

To read all other articles from the latest edition of Gaming America magazine, click here.