Boyd Gaming, the leading online and land-based gambling operator with a strong US presence, released its financial results for the fourth quarter and full year ended December 31, 2023, pointing to strong growth in revenue. The latest unaudited report emerged Thursday and saw the company report $954.4 million in total revenues for Q4 2023. Compared to the $922.9 million result for the corresponding period in 2022, the latest result shows an increase of more than 3%.

The latest trading update reveals that Boyd Gaming posted $92.6 million in net income for the fourth quarter, representing $0.94 per share, a slight dip when compared to the Q4 2022 result of $172.7 million in net income or $1.63 per share. The total adjusted EBITDAR reported by the company for the fourth quarter of 2023 was $355.5 million, while adjusted earnings were $163.8 million.

A breakdown provided by Boyd Gaming revealed that its gaming and online segments were responsible for the lion’s share of the revenue in the fourth quarter. The total gaming revenue reported by the company in Q4 2023 hit $647.1 million, a result that was slightly below the $653.9 million figure from Q4 2022.

Yet, Boyd Gaming’s revenue from the online segment hit $124.1 million, up by $34 million when compared to the $89.7 million in online revenue reported for the corresponding period the prior year. The company explained that its online segment was positively impacted by the introduction of sports betting in Ohio dating back to January 2023.

In Q4 2023, Boyd Gaming posted food and beverage as well as room revenue of $75.5 million and $50.6 million respectively. Those results were on par with the Q2 2022 figures. Management fees and other revenues for the period were some $56 million.

Online Segment Boosts 2023 Total Revenue

When it comes to the 2023 results, Boyd Gaming also posted strong growth. According to the new report, the company’s total revenue hit $3.74 billion for 2023, a significant increase when compared to the $3.56 billion result for the prior year.

Not unexpectedly, gaming was responsible for the lion’s share of the revenue, a total of $2.61 billion, a result that was only slightly below the 2022 figure. However, the company’s online revenue for 2023 hit $422.2 million, completely surpassing the $254 million result from 2022.

“The fourth quarter’s strong performance was a fitting conclusion to another record year for our Company.“

Keith Smith, president and CEO of Boyd Gaming

Keith Smith, Boyd Gaming’s president and CEO, highlighted the strong performance of the company during the fourth quarter of 2023. He explained that the outstanding results are a testament to the diversification of the company’s portfolio in combination with strong investments and returns. “Our management teams continued to demonstrate their ability to efficiently manage the business, achieving property-level operating margins above 40% for both the fourth quarter and full year,” added Smith. Finally, he predicted further growth for Boyd Gaming on a global scale, efforts that are also expected to create long-term shareholder value.

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Full House Resorts, Inc. has been happy to confirm the arrival of its latest gaming destination that will bring together the well-established company tradition for innovative experiences and its advanced understanding of excellent accommodation practices.

More Full House Resorts in Cripple Creek

The new property opened doors in Cripple Creek, 45 miles from Colorado Springs, and 80 miles from Denver, making it well-positioned to draw crowds and excite the attention of travelers from far and wide.

The new property is adjacent to Bronco Billy’s Casino, which is owned by Full House Resorts, pointing to early-day synergies between the two properties, which is precisely what the Chamonix property is looking to achieve.

Yet, the Chamonix venue also hosts an elegant casino floor that features tons of slot machines, and a high-limit slot saloon for those players who wish to pursue something more exciting. The venue was also built to offer excellent views to guests which adds to the charm and the desirability of the destination.

Full House Resorts has made sure that the property features all the bells and whistles customary to a good expeirence, including garage and surface parking, a convenient valet, individual guestrooms and more. Chamonix is confident that the occupancy rates will be strong from the very start, although it will take some time to gather traction with visitors.

Bringing Visitors from Far and Wide

Meanwhile, there are more worthwhile aspects of the casino and property that will do much to seduce hesitant tourists, owing to the Chamonix Spa and rooftop pool all adding to the comfort and exclusivity of the property.

Commenting on the introduction of the property, Chamonix Casino Hotel general manager Baxter Lee said:

“Chamonix is a special place, unlike any other casino hotel in the state. It offers a high-end, Las Vegas experience in our beautiful Colorado mountain setting. We are overjoyed to open Chamonix’s doors on 27 December and to welcome our friends from Colorado and beyond.”

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German gamblers take great pride in their local gaming establishments much like some online gamblers have a favorite “home” website, but much more so. The operators and local officials do too, and they aren’t shy about showing that devotion and affection for the venues. More than brand loyalty, the connection is personal.

The spa town of Bad Neuenahr-Ahrweiler is no exception to that rule as can be seen when looking at the recent opening of Spielbank Bad Neuenahr in a new location after a major disaster took the beloved local and regional gambling hall away.

The Night the House Edge was Not Enough

200 people died in Germany and Belgium 2 years ago in a historic flood. Damage to the local casino was so severe, and the insurance coverage to re-open in the same location would only provide about half of what it had for the prior calamity, so officials decided to never rebuild the 7-decades-old casino in the same location.

As described by Weather.com, the water came overnight on July 14-15, 2021. It funneled through sometimes narrow and steep sections, taking with it homes, bridges and roads and leaving behind a mud-covered path of destruction. Some 3,000 of 4,200 buildings along the River Ahr were damaged.

The casino was situated directly on the river Arh.

Instead, they chose to convert a nearby historic train station with neo-gothic architecture into a new casino.

After a soft opening a little over three weeks ago that allowed dealers and new staff to become accustomed to their new digs, Spielbank Bad Neuenahr held an official grand opening for the small but competent gambling spot on July 20, 2023.

During the official opening ceremonies, Michael Seegert, Managing Partner of Spielbank Bad Neuenahr GmbH & Co. KG welcomed local dignitaries and officials to the new location.

In his welcome message, Seegert said: “It’s been a little more than two years since, like countless others in the Ahr Valley, suddenly nothing was the same for us overnight. Our administration building was completely destroyed and flooded and demolished shortly afterwards with all our historical files and documents from 73 years of company history.

“Our gaming facilities and the entire building services on the ground floor of the Kurhaus were smashed and the surroundings of the casino were devastated. The only pleasing aspect was that we did not have to mourn any victims due to the early closure of the casino. But the damage to property was immense and even the maximum compensation from the insurance company was not sufficient to compensate for all the damages. The question arose, so what should we do?”

Management looked at about a dozen nearby locations, and although they didn’t find one with everything they wanted or needed, the team settled for a well-situated location with less space – which meant the number of games would have to be reduced, but all other qualities could be maintained and the historic casino could continue to offer the same level of top-tier service to local gamblers and others nearby who were die-hard fans.

Familiar Location for Most Customers

The train and bus station was already a well-known hub for travelers to the area with 5-star hotels, so footfall was expected to remain strong. This proved to be true as customer traffic from all around began right away during the soft opening and never really waned.

“We came to the only possible decision with the shareholders after difficult discussions that the future of the casino with these latent risks cannot lie in the Kurhaus,” Seegert added. “So, with a heavy heart, we gave up the traditional location and started looking for alternatives in Bad Neuenahr, in Ahrweiler, and in the surrounding area.”

“Since there were only very limited as-built plans from the construction period, we experienced many surprises during the renovation work, and the installation of an air conditioning system, in particular, was a huge challenge that caused us many a sleepless night,” added Seegert. “That’s why we are particularly happy and proud to have a new casino in Bad Neuenahr just two years after the destruction.”

The new location holds about 75 slot machines, two blackjack tables, and two roulettes wheels. The prior location held 16,000 square feet of casino floor featuring 150 slots with 8 table games, and two restaurants.

“All in all, I am very pleased that with the reopening of the casino, we can contribute another piece of the mosaic on the arduous path of reconstruction in Bad Neuenahr and the return to the old attractiveness of the city and the region,” Seegert added.

Seegert praised each and every participant in the arduous venture of finding and preparing a new home for the venue, commending the ‘highest level of commitment and a lot of heart and soul,” shown by employees, project managers, architects, and engineers, city administrators and others.,

Source: Spielbank Bad Neuenahr holds official grand opening, G3 Newswire, July 25, 2023

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7777 gaming is effectively bringing its full portfolio of more than 100 games across both Sportsbet and Bitcasino. The initial launch focuses on 25 of the supplier’s titles, which will be gradually scaled up to cover the full list of games along with future releases.

Strengthening the Portfolio of Cutting-Edge Innovators

Yolo Group is a noteworthy company in the iGaming sector, a ground-breaking innovator, and the operator behind Sportsbet and Bitcasino, the leading iGaming websites. The brands were launched in 2014 and 2016 for Bitcasino and Sportsbet respectively and were part of the vanguard of new, blockchain-focused casino experiences that have evolved and grown to cater to thousands of players globally.

Since then, both brands have increased their footprint and significantly influence the iGaming space demonstrating that crypto technologies can be embedded into the traditional online casino experience safely and reliably with a clear consumer focus. Yolo Group recently secured a partnership with Livespins to further innovate the type of interactive product available in its content library.

7777 gaming account manager Larisa Karaboycheva welcomed the chance to see the supplier’s portfolio hit the ground running with both companies, and outlined what it would mean for both Yolo Group and 7777 in the long run:

We are thrilled to go live in these strong, innovative, and outstanding brands such as Bitcasino and Sportsbet, part of the Yolo Group family. Our games are designed to bring the best experience to the end-user, and we are confident that their players will enjoy them. We are looking forward to extending our portfolio and working together with Yolo Group in the long run.

7777 gaming account manager Larisa Karaboycheva

Although Sportsbet.io is a standalone sports betting platform, the company has expanded into iGaming and has been a known innovator in the betting space too, securing access to esports markets as well as traditional sports. The company teamed up with Oddin.gg to boost its presence in the esports vertical.

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At the end of last week, de Kansspelautoriteit (KSA) announced it had imposed a €4.4 million ($4.6 million) penalty against Gammix Limited after it discovered the operator had been providing its services without a license.

The incident was not an isolated one for the regulator in the country. Since the Remote Gambling Act (KOA) went into effect in the Netherlands on April 1, 2021, and one and a half years after the grand opening of the online gambling market took place, the KSA has been busy completing similar investigations into illegal online casino providers.

In 2022 alone, according to the KSA’s fresh report, the regulator investigated a total of 277 preliminary investigations into illegal online sites. The procedures also resulted in 26 investigations into illegal online providers.

KSA Looking Back to 2022 “with Mixed Feelings”

The regulator’s chairman René Jansen spoke about 2022, which was “the first full calendar year in which online games of chance were legally offered in the Netherlands.”

Jansen expressed mixed feelings regarding the evolution of things, explaining that while a lot of things were going well, there is still much room for improvement.

The chairman also spoke about the original timeline and political goal of the Koa Act, which was aimed at seeing a minimum of eight out of ten Dutch players choosing legal providers in the first three years after the KOA would go into effect.

At the moment, according to estimates, around 85% of online players currently gamble using legal providers in the Netherlands. While this was also valid to a large extent prior to the legalization of iGaming in the country, their gaming was done illegally.

Jansen added that over 36,000 Dutch citizens have asked for and received protection from the central exclusion register Cruks. The latter does not allow registered players to take part in high-risk games of chance online and at amusements and Holland Casino venues.

KSA Issued €29.7 Million ($31.4 Million) in Fines in 2022

Throughout 2022, the KSA put in place 18 intention orders that were subject to periodic penalty payments. In total, seven fines were issued for a total of €29.7 million ($31.4 million).

The regulator also received 83 notifications in relation to illegal gambling ads on social media, marking an important 71% drop compared to 2021’s numbers. Out of the 59 investigations that took place last year, the KSA discovered 16 cases of violations.

During the same year, the KSA received 27 applications for online licenses, from 42 requests registered in 2021. Three applications were rejected and seven were withdrawn as operators understood their applications would not progress.

This led to a total of 13 online gaming licenses being granted to operators eager to offer their services on the Dutch market in 2022.

The regulator also issued 45 permits for slot machine operations last year. The KSA completed 89 investigations into slot machines. Out of them, seven were denied and 26 were completed on an interim basis with no additional consequences for their operators.

The regulator that turned 10 years in 2022 also issued close to 47% fewer lottery licenses in 2022 compared to 2021, with only 24 licenses recorded for last year.

The regulator revoked five existing licenses for reasons that the KSA license holders labeled their lottery sales as disappointing.

The regulator periodically monitors which 100 gambling sites are visited most frequently by players from the Netherlands and acts whenever deemed necessary to combat illegal gambling.

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Full House Resorts, a Nevada-based casino developer and operator, is expanding its portfolio of properties with a new venue in Illinois. The Temporary by American Place is scheduled to open its doors today, February 17.

The new casino is strategically located in close proximity to O’Hare International Airport. Once at the airport, visitors need to drive for around half an hour northwest to arrive at the venue. The Temporary is notably the only casino in Lake Country.

An Atmospheric Experience

When designing The Temporary, Full House Resorts went with the “a day at the lake” theme, including lush greenery and boat paddles in its interior design. The so-called Canoe Bar boasts a unique chandelier fashioned from real canoes, further reinforcing the atmosphere. At night, Full House Resorts explained, projection mapping equipment will illuminate the casino exterior, transforming it into a large-scale art display.

Casino visitors can expect to find a selection of 1,000 slot machines, as well as 50 table games. When in need of refreshments, gamblers can go to one of two modified Airstream trailers where they can get locally-brewed craft beers, espressos, salads, paninis and sandwiches. If that isn’t enough and players get truly hungry from all the exciting gambling action The Temporary offers, they can visit one of the casino’s restaurants.

At L’Américain, visitors can enjoy traditional American cuisine. If they prefer something more exotic, however, they can also try Asia-Azteca, a restaurant celebrating the traditions of Asian and Latin cooking. North Shore Steaks & Seafood is also expected to open later this year, offering yet another premium dining option to guests.

Full House to Celebrate the Opening

Full House Resorts has prepared opening festivities for the launch of its new property. The celebration will begin with a private VIP reception at 5 pm local time. Three hours later, The Temporary by American Place will be officially open to the general public.

Daniel Lee, Full House Resorts’ president and chief executive officer, commented on the upcoming opening of the new casino. He thanked the Illinois Gaming Board and its staff for their invaluable help during the new property’s construction and preparation. He also thanked Full House’s team of 500 founding employees who spared no sweat preparing The Temporary for the grand opening.

Lee concluded that he is looking forward to welcoming Chicagoland residents to the new venue starting February 17.

We are eager to welcome Chicagoland residents to The Temporary beginning on February 17.

Daniel Lee, CEO & President, Full House Resorts

Full House Resorts experienced some setbacks in 2022 as its revenues experienced a slight decrease.

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