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Tag Archives: Financial Results

Chile – Enjoy S.A. initiates judicial reorganization process

Through an essential fact signed by the general manager Esteban Rigo-Righi Baillie, Enjoy has announced that the 8th Civil Court of Santiago had initiated the “Judicial Reorganization Procedure” which the company announced at the end of January. The process will be led by lawyer and overseer Juan Ignacio Jamarne, who will be responsible for conducting…

Panama – Panamanians gambled over $2.5 billion in first 10 months of 2023

According to information published by the National Institute of Statistics and Census (INEC), Panamanians gambled USD2.515 billion between January and October 2023 on gambling and the lottery. This was a 12% increase compared to the same period of the previous year. Panamanians gambled USD1,864 million via casinos, bingos, online betting, horse racing and sporting betting…

Chile – Enjoy announces another restructuring

Shares for operator Latin America’s leading casino operator Enjoy have fallen after the company announced that it was going through another restructuring. The decision was made “based on the current financial situation of the Company, the expected cash flows for the coming months, and the payment situation towards the Company’s creditors.” Enjoy outlined a number…

Paraguay – Gambling revenue increases as board cracks down on street slots

According to The National Gambling Commission (Conajzar), revenue generated by the industry was up for the months of September, October, November, and December 2023 and overall compared to 2022. During the last four months of last year the board reported that it managed to collect G. 55,920,988,877 (USD7.5m) compared to G. 50,740,605,567 in 2022 (USD6.8m),…

Brazil – Brazilians gambled more than 11 billion dollars online last year

According to Brazilian newspaper Folha de S. Paulo during the period from January to November 2023, Brazilians spent approximately 54 billion reais (USD11.1 billion) on online gaming and betting. The figure was based on statistics from Brazil’s Central Bank regarding remittances sent to foreign companies. For comparison, the amount spent on gambling exceeded Brazilian beef…

Chile – Enjoy reports losses but outlook improving post pandemic

Enjoy closed the first quarter with a positive result in its sales, which was reflected in consolidated revenues of CLP$94,327 million, equivalent to a growth of 17% compared to the same period in 2019, exceeding pre-pandemic levels.  Likewise, the company registered a 22% increase in its sales in Chile and 71% in the consolidated Hotel…

Spain – Advertising spend on the rise while number of new players decrease

Online gaming and sports betting operators in Spain invested more than US$46 million in advertising during the third quarter of 2022. This was 35% more when compared to the previous quarter and 18% more than the amount spent in the same period last year.  The data was reported as part of the financial report for the third quarter…

France – Cost of operating alongside COVID 19 pitched at 41 per cent in France

The pandemic continues to affect gambling establishments in France where the gross gaming revenue (GGR) for the fiscal year November 2020 to October 2021 is just over €1bn, marking  a decline of 41 per cent on last year’s total. Speaking to Journal des Casinos, Olivier Raineau, President of the employers’ union Casinos de France said…

Sweden – Evolution sees operating revenue surge by 97 per cent as live dealer continues to boom

Evolution saw its third quarter operating revenues increase by 97 per cent to €276m with profit coming in at €157.4m The quarter saw the continued expansion in the US with opening of a new live casino studio in Michigan. Top-line growth was driven by very strong global demand for Live Casino but also impacted positively…