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

Published

5 months ago

February 19, 2025

George Miller

Gambling.com Group Reports Fourth Quarter and Full-Year 2024 Results

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.

____________________________

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.

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Financial reports

Detroit Casinos Report $101M in June Revenue

Published

3 days ago

July 11, 2025

Niji Narayan

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.

Financial reports

PA Gaming Control Board Reports a Nearly 11% increase of Gaming Revenue in April

Published

2 months ago

May 21, 2025

George Miller

PA Gaming Control Board Reports a Nearly 11% increase of Gaming Revenue in April

The Pennsylvania Gaming Control Board (PGCB) reported today that the combined total revenue generated from all forms of gaming along with fantasy contests during April 2025 was $558,717,922, an increase of 10.7% from last April.

The following chart compiles all revenue generated in April 2025 by casinos, along with fantasy contests and VGTs operated by other vendors and includes a comparison to total revenue generated in April 2024.

Source	April 2025 Total Revenue	April 2024 Total Revenue	% Change
Valley Forge Casino Resort Advertisement	$99,090,172	$85,340,755	16.11%
Hollywood Casino at Penn National Race Course	$97,719,246	$78,343,398	24.73%
Rivers Casino Philadelphia	$56,209,401	$49,076,360 Advertisement	14.53%
Parx Casino	$54,211,940	$53,793,286	0.78%
Wind Creek Bethlehem	$47,825,103	$46,326,454	3.23%
Rivers Casino Pittsburgh Advertisement	$27,533,445	$28,478,326	-3.32%
Hollywood Casino at the Meadows	$27,138,316	$26,007,948	4.35%
Live! Casino Philadelphia	$26,562,159	$24,304,441 Advertisement	9.29%
Harrah’s Philadelphia	$23,511,110	$21,071,057	11.58%
Mohegan Pennsylvania	$19,130,831	$20,024,953	-4.47%
Mount Airy Casino Resort Advertisement	$17,803,898	$19,187,606	-7.21%
Presque Isle Downs and Casino	$13,732,651	$8,862,424	54.95%
Hollywood Casino York	$10,235,524	$8,450,128 Advertisement	21.13%
Live! Casino Pittsburgh	$9,585,109	$10,589,049	-9.48%
Golden Nugget	$7,670,389	$3,544,056	116.43%
Hollywood Casino Morgantown Advertisement	$7,532,447	$7,330,347	2.76%
Video Gaming Terminals	$3,518,821	$3,648,270	-3.55%
Parx Shippensburg	$3,160,614	$3,125,398 Advertisement	1.13%
Bally’s Pennsylvania	$2,958,241	$3,812,426	-22.41%
The Casino at Nemacolin	$2,331,513	$2,138,432	9.03%
Fantasy Contests Advertisement	$1,256,994	$1,228,294	2.34%
Statewide Total	$558,717,922	$504,683,409	10.71%

Total tax from games revenue during April 2025 was $234,493,926*.

April Revenue by Game Type

The PGCB is also providing a synopsis of revenue year-over-year by types of games:

Type of Gaming Revenue	April 2025	April 2024	% Change
Retail Slots Revenue	$203,094,831	$205,485,828	-1.16%
iGaming Slots Revenue Advertisement	$169,478,496	$126,013,832	34.49%
Retail Tables Revenue	$80,604,940	$78,482,947	2.70%
iGaming Tables Revenue	$55,892,309	$45,006,006 Advertisement	24.19%
Sports Wagering Revenue	$42,533,444	$42,412,510	0.29%
Video Gaming Terminals Revenue	$3,518,821	$3,648,270	-3.55%
iGaming Poker Revenue Advertisement	$2,338,087	$2,405,721	-2.81%
Fantasy Contests Revenue	$1,256,994	$1,228,294	2.34%
Total Gaming Revenue	$558,717,922	$504,683,409 Advertisement	10.71%

Slot Machine Revenue

April’s revenue from the play of retail slot machines was $203,094,831, a 1.16% decrease in revenue when compared to the $205,485,828 generated in April 2024.

The number of slot machines in operation in April 2025 was 24,363 compared to 24,890 at the casinos in April 2024.

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

Casino	April 2025 Slots Revenue	April 2024 Slots Revenue	% Change Advertisement
Parx Casino	$31,398,827	$31,627,184	-0.72%
Wind Creek Bethlehem	$22,484,142	$22,648,114	-0.72%
Rivers Casino Pittsburgh	$20,903,809 Advertisement	$21,552,173	-3.01%
Mohegan Pennsylvania	$15,066,512	$15,605,963	-3.46%
Hollywood Casino at the Meadows	$13,359,817	$13,791,981	-3.13% Advertisement
Live! Casino Philadelphia	$12,578,702	$12,575,159	0.03%
Mount Airy Casino Resort	$11,989,812	$12,266,755	-2.26%
Rivers Casino Philadelphia	$11,807,479 Advertisement	$12,032,212	-1.87%
Hollywood Casino at Penn National Race Course	$11,528,692	$11,684,897	-1.34%
Valley Forge Casino Resort	$9,401,048	$9,035,378	4.05% Advertisement
Harrah’s Philadelphia	$8,833,678	$9,080,862	-2.72%
Live! Casino Pittsburgh	$8,142,058	$9,126,484	-10.79%
Presque Isle Downs and Casino	$7,631,607 Advertisement	$7,476,168	2.08%
Hollywood Casino York	$7,560,618	$6,728,004	12.38%
Hollywood Casino Morgantown	$5,261,874	$5,338,456	-1.43% Advertisement
Parx Shippensburg	$3,106,843	$3,040,633	2.18%
The Casino at Nemacolin	$2,039,313	$1,875,402	8.74%
Statewide Total	$203,094,831 Advertisement	$205,485,828	-1.16%

Tax revenue from the play of slot machines in April 2025 was $102,841,807*.

Retail Table Games Revenue

Retail Table Games revenue for April 2025 was $80,604,940, an increase of 2.70% from April 2024 when revenue was $78,482,947.

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

Casino	April 2025 Table Games Revenue	April 2024 Table Games Revenue Advertisement	% Change
Wind Creek Bethlehem	$23,971,086	$21,882,043	9.55%
Parx Casino	$16,102,523	$15,718,477	2.44%
Live! Casino Philadelphia Advertisement	$9,233,598	$7,704,612	19.85%
Rivers Casino Philadelphia	$7,937,680	$6,993,058	13.51%
Rivers Casino Pittsburgh	$5,950,178	$6,154,381 Advertisement	-3.32%
Valley Forge Casino Resort	$2,883,706	$2,797,020	3.10%
Mount Airy Casino Resort	$2,380,314	$2,949,545	-19.30%
Harrah’s Philadelphia Advertisement	$2,271,048	$2,071,503	9.63%
Mohegan Pennsylvania	$2,026,335	$2,662,142	-23.88%
Hollywood Casino at the Meadows	$1,632,924	$2,387,398 Advertisement	-31.60%
Hollywood Casino York	$1,496,542	$1,086,823	37.70%
Hollywood Casino at Penn National Race Course	$1,321,634	$2,176,702	-39.28%
Live! Casino Pittsburgh Advertisement	$1,195,412	$1,375,312	-13.08%
Presque Isle Downs and Casino	$1,075,228	$1,319,443	-18.51%
Hollywood Casino Morgantown	$786,348	$870,996 Advertisement	-9.72%
The Casino at Nemacolin	$292,200	$263,030	11.09%
Parx Shippensburg	$48,185	$70,462	-31.62%
Statewide Total Advertisement	$80,604,940	$78,482,947	2.70%

Total tax revenue from table games play during April 2025 was $13,496,060*.

Internet Casino-Type Gaming (iGaming) Revenue

Casino games offered online generated monthly gross revenue totaling $227,708,892 during April 2025. Compared to revenue of $173,425,559 in April 2024, this represents an increase of 31.30%.

A breakdown of revenue of casino games offered online is as follows:

Casino Operator	iSlots Advertisement Revenue	iTables Revenue	iPoker Revenue	Total iGaming Revenue
Hollywood Casino at Penn National Race Course	$57,479,821	$25,212,629	$498,895	$83,191,345
Valley Forge Casino Resort Advertisement	$48,266,132	$18,464,415		$66,730,547
Rivers Casino Philadelphia	$31,127,572	$4,490,644	$266,573	$35,884,789
Harrah’s Philadelphia	$8,115,975 Advertisement	$2,670,850	$378,874	$11,165,698
Golden Nugget	$7,136,062	$534,327		$7,670,389
Parx Casino	$4,809,436	$960,916 Advertisement		$5,770,352
Live! Casino Philadelphia	$3,737,078	$861,343		$4,598,421
Mount Airy Casino Resort	$1,755,991	$510,777	$1,193,745	$3,460,513 Advertisement
Presque Isle Downs and Casino	$1,859,955	$1,253,532		$3,113,487
Bally’s Pennsylvania	$2,570,604	$387,637		$2,958,241
Mohegan Pennsylvania	$1,528,712 Advertisement	$301,957		$1,830,668
Wind Creek Bethlehem	$1,091,159	$243,283		$1,334,442
Statewide Total	$169,478,496	$55,892,309	$2,338,087 Advertisement	$227,708,892

Tax revenue generated from iGaming during April 2025 was $100,825,684*.

Total iGaming revenue for each of the casinos during April 2025 and April 2024, if applicable, is as follows:

Operator	April 2025 iGaming Revenue	April 2024 iGaming Revenue	% Change
Hollywood Casino at Penn National Race Course	$83,191,345	$62,315,703 Advertisement	33.50%
Valley Forge Casino Resort	$66,730,547	$48,092,985	38.75%
Rivers Casino Philadelphia	$35,884,789	$30,642,859	17.11%
Harrah’s Philadelphia Advertisement	$11,165,698	$9,409,722	18.66%
Golden Nugget	$7,670,389	$3,544,056	116.43%
Parx Casino	$5,770,352	$4,990,916 Advertisement	15.62%
Live! Casino Philadelphia	$4,598,421	$3,436,705	33.80%
Mount Airy Casino Resort	$3,460,513	$3,956,965	-12.55%
Presque Isle Downs and Casino Advertisement	$3,113,487	n/a	n/a
Bally’s Pennsylvania	$2,958,241	$3,812,426	-22.41%
Mohegan Pennsylvania	$1,830,668	$1,412,160 Advertisement	29.64%
Wind Creek Bethlehem	$1,334,442	$1,811,063	-26.32%
Statewide Total	$227,708,892	$173,425,559	31.30%

Sports Wagering Revenue

April 2025 total sports wagering handle was $711,569,216, 10.14% above the April 2024 total of $646,061,065.

The taxable revenue figure for April 2025 was $42,533,444, or 0.29% higher when compared to April 2024, when taxable revenue was $42,412,510.

April 2025 sports wagering total handle and revenue are as follows:

Casino Operator	Total Handle²	Retail Revenue	Online Revenue Advertisement	Total Revenue
Valley Forge Casino Resort	$269,836,185	-$35,399	$20,110,270	$20,074,871
Hollywood Casino at the Meadows	$185,602,950	$53,276	$12,092,299 Advertisement	$12,145,575
Presque Isle Downs and Casino	$34,243,132	$31,271	$1,881,058	$1,912,329
Hollywood Casino at Penn National	$32,151,458	$72,749	$1,604,825 Advertisement	$1,677,575
Hollywood Casino Morgantown	$60,055,196	-$26,384	$1,510,609	$1,484,225
Harrah’s Philadelphia	$25,824,434	$134,774	$1,105,911 Advertisement	$1,240,686
Hollywood Casino York	$42,038,254	$918	$1,177,446	$1,178,364
Parx Casino	$14,986,726	$263,367	$676,869 Advertisement	$940,237
Rivers Casino Pittsburgh	$25,411,936	$218,799	$460,660	$679,459
Rivers Casino Philadelphia	$12,149,428	$66,794	$512,660 Advertisement	$579,454
Live! Casino Pittsburgh	$1,087,213	$247,640	$0	$247,640
Live! Casino Philadelphia	$5,490,455	$151,438	$0 Advertisement	$151,438
Mohegan Pennsylvania	$717,634	$117,077	$0	$117,077
Mohegan Lehigh Valley¹	$712,790	$90,238	$0 Advertisement	$90,238
Wind Creek Bethlehem	$828,888	-$620	$36,053	$35,434
Parx Shippensburg	$42,879	$5,585	$0 Advertisement	$5,585
Mount Airy Casino Resort	$389,661	-$26,742	$0	-$26,742
Statewide Total	$711,569,216	$1,364,783	$41,168,661 Advertisement	$42,533,444

¹Operated by Mohegan Pennsylvania

²A breakout of the handle between retail and online sportsbooks can be found on the website report.

Sports wagering revenue for each of the casinos and plus the one Off Track Betting facility during April 2025 and April 2024, if applicable, is as follows:

Operator	April 2025 Sports Wagering Revenue	April 2024 Sports Wagering Revenue	% Change
Valley Forge Casino Resort	$20,074,871 Advertisement	$25,415,372	-21.01%
Hollywood Casino at the Meadows	$12,145,575	$9,828,569	23.57%
Presque Isle Downs and Casino	$1,912,329	$66,814	2762.17% Advertisement
Hollywood Casino at Penn National Race Course	$1,677,575	$2,166,095	-22.55%
Hollywood Casino Morgantown	$1,484,225	$1,120,894	32.41%
Harrah’s Philadelphia	$1,240,686 Advertisement	$508,970	143.76%
Hollywood Casino York	$1,178,364	$635,301	85.48%
Parx Casino	$940,237	$1,343,210	-30.00% Advertisement
Rivers Casino Pittsburgh	$679,459	$771,772	-11.96%
Rivers Casino Philadelphia	$579,454	-$591,769	-197.92%
Live! Casino Pittsburgh	$247,640 Advertisement	$87,253	183.82%
Live! Casino Philadelphia	$151,438	$587,965	-74.24%
Mohegan Pennsylvania	$117,077	$168,079	-30.34% Advertisement
Mohegan Lehigh Valley²	$90,238	$176,609	-48.91%
Wind Creek Bethlehem	$35,434	-$14,766	-339.96%
Parx Shippensburg	$5,585 Advertisement	$14,302	-60.95%
Mount Airy Casino Resort	-$26,742	$14,342	n/a
South Philly Race & Sportsbook^{1 3}	n/a	$113,499	n/a Advertisement
Statewide Total	$42,533,444	$42,412,510	0.29%

¹Operated by Parx Casino

²Operated by Mohegan Pennsylvania

³ No longer operating

Tax revenue generated from sports wagering during April 2025 was $15,312,040*.

Video Gaming Terminals

Total adjusted revenue for April 2025 for video gaming terminals (VGTs) was $3,518,821, 3.55% lower than April 2024 when revenue was $3,648,270. By the end of April 2025, all VGT Operators offered the maximum permitted five machines at each of the 74 qualified truck stop establishments, compared to five machines at each of the 74 establishments at this time last year.

Truck Stop VGT adjusted revenue for each of the terminal operators during April 2025 is as follows:

VGTs Terminal Operator	April 2025 VGT Revenue	April 2024 VGT Revenue	% Change
Marquee by Penn¹	$2,407,652	$2,388,864	0.79% Advertisement
J&J Ventures Gaming²	$800,157	$960,004	-16.65%
Jango³	$311,012	$249,650	24.58%
Accel Entertainment Gaming⁵	$0 Advertisement	$4,696	n/a
Venture Gaming LLC⁴	$0	$45,056	n/a
Statewide Total	$3,518,821	$3,648,270	-3.55% Advertisement

¹ operated VGTs in 32 establishments during April

² operated VGTs in 27 establishments during April

³ operated VGTs in 13 establishments during April

⁴ operated VGT’s in 2 establishments but were not operational during April

⁵ operated VGTs in no establishments during April

Tax revenue collected from the play of VGTs in April 2025 was $1,829,787*.

Fantasy Contests

Fantasy Contests revenue was $1,256,994 in April 2025, an increase of 2.34% over April 2024, when revenue was $1,228,294

Fantasy Contests Operator Advertisement	April 2025 Fantasy Revenue	April 2024 Fantasy Revenue	% Change
DraftKings	$945,998	$915,949	3.28%
FanDuel	$181,113	$211,873 Advertisement	-14.52%
Underdog Sports, Inc.	$114,632	$84,085	36.33%
Yahoo Fantasy Sports	$10,635	$11,038	-3.65%
Fantasy Sports Games LLC Advertisement	$2,760	$3,460	-20.24%
Sportshub Technologies	$1,937	$1,844	5.03%
OwnersBox	-$81	$37 Advertisement	-316.83%
Jock MKR	n/a	$8	n/a
Statewide Total	$1,256,994	$1,228,294	2.34%

Tax revenue collected from the play of Fantasy Contests in April 2025 was $188,549*.

*All tax revenue figures reflect amount generated prior to any adjustments by the PA Department of Revenue

Financial reports

Arizona Department of Gaming Reports $30.8 Million in Tribal Gaming Contributions for the Third Quarter of Fiscal Year 2025

Published

4 months ago

March 24, 2025

George Miller

Arizona Department of Gaming Reports $30.8 Million in Tribal Gaming Contributions for the Third Quarter of Fiscal Year 2025

The Arizona Department of Gaming announced today $30,845,042 in tribal gaming contributions to the Arizona Benefits Fund for the third quarter of Fiscal Year 2025. This amount represents an approximate 7.9 percent increase when compared to the same quarter of FY 2024.

The Arizona Benefits Fund receives 88 percent of tribal gaming contributions, providing significant dollars to support instructional improvement in schools, trauma and emergency care, tourism, and wildlife conservation throughout the state.

Tribal gaming contributions to the Arizona Benefits Fund for the 3rd quarter of the Stateߣs FY 2025 are as follows:

Instructional Improvement Fund/Education ߝ $15,373,169

Trauma and Emergency Services Fund ߝ $7,686,584

Arizona Department of Gaming Operating Costs ߝ $2,776,054

Arizona Wildlife Conservation Fund ߝ $2,196,167

Tourism Fund ߝ $2,196,167

Problem Gambling Education, Treatment and Prevention ߝ $616,901

FY 25 Qtr 3 Total: Tribal Gaming Contributions to the Arizona Benefits Fund ߝ $30,845,042

Per the Arizona Tribal-State Gaming Compact, Tribes with casinos also contribute a percentage of their Class III gross gaming revenue to cities, towns, and counties. Currently, there are 26 Class III casinos in Arizona, which ADG regulates in partnership with Arizona tribes. Since the inception of tribal gaming in Arizona, over $2.34 billion in cumulative tribal contributions has been contributed to the state and its cities, towns, and counties since FY 2004.