The GI Newswire: 13 May 2024

Spillemyndigheden: Danish GGR up 5% to DKK 627m for March

Spillemyndigheden, the Danish Gambling Authority, has published figures for March 2024. Gross gaming revenue (GGR) increased by 5% to DKK 627m ($90.4m), of which online casinos contributed DKK 310m compared to the amount from land-based casinos, which was DKK 28m. Betting accounted for 29% of GGR, but the DKK 183m total actually dropped 15% when compared to last year’s amount. Read the full story here.

Other stories from Europe:

• Paf lowers loss limit to €8,000 for players aged 20-24 (Read)
• Swedish Government proposes closure of Casino Cosmopol (Read)
• KSA imposes incremental penalties on Sarah Eternal (Read)
• GIG reports €36.2m in Q1 revenue, marking 52% growth (Read)

AGS going private: To be acquired by Brightstar Capital Partners for $1.1bn

AGS has entered into a definitive acquisition agreement with Brightstar Capital Partners, estimated to be worth $1.1bn.?The private equity firm, which invests primarily in manufacturing, industrial and services, will acquire AGS stocks at $12.50 per share, a 40% premium on the supplier’s stock price at the close of 8 May 2024. The acquisition will be led by Macquarie Capital and Cooley LLP as AGS’ financial advisor and legal counsel respectively, while Brightstar will entrust these roles to Jefferies LLC, Barclays and Citizens JMP Securities, and Kirkland & Ellis. Read the full story here.

Other stories from North America:

• Catena Media suffers another disappointing Q1 with revenue dropping 49% (Read)
• IBIA and members partner with Professional Footballers’ Association Canada (Read)
• Fanatics Sportsbook and Casino launches in New Jersey (Read)
• Churchill Downs extends partnership with NBC Sports for Kentucky Derby (Read)

SJM 2024 Q1 results: Post-pandemic recovery continues, GGR up 77.3%

The group's gross gaming revenue (GGR) reached HK$6.89bn (US$882m), a substantial 77.3% rise, with total net revenue coming to?HK$6.92bn. The average hotel occupancy rate grew to 92.5%, up from 85.5% in 2023,?while non-gaming revenue, which includes hotel, catering and leasing operations across the group, saw a 54.5% increase. Market share in terms of GGR for Grand Lisboa Palace Resort Macau and Grand Lisboa Macau increased by 1.1% and 0.6% respectively year-on-year. Read the full story here.

Other stories from Asia-Pacific:

• Wynn Resorts sees significant Q1 growth in Macau (Read)
• MGM China invites Yangzhou representatives to discuss tourism and talent development (Read)
• Labour Day sees sharp rise in Macau hotel occupancy rate (Read)