FACING FACTS

Gambling Insider provides an update on the performance of casinos across Asia, the affiliate market, Las Vegas' land-based casinos and the US sports betting market for Q1 2023

Affiliate EBITDA Q1 2022 vs Q1 2023 ($ million)

Source: Company reports

• Better Collective’s circa $9m jump in EBITDA year-on-year is contrasted by Catena’s 20% drop, a rival that Better Collective recently acquired a greater than 5% stake in

• Gambling.com saw a steady growth of $3.5m in EBITDA, primarily focusing on North America

Affiliate revenue Q1 2023 and Q1 2022 revenue ($ million)

Source: Company reports

• The biggest impact here is seen in Catena’s declining year-on-year revenue, which dropped by $10m across the first three months of 2023 compared with 2022 – this is primarily due to the launch of sports betting in New York in January 2022, which delivered strong growth

• Meanwhile, Better Collective has grown 31% between Q1 2022 and Q1 2023

Asian Macau operator gross gaming revenue (GGR) Q1 2023 ($ million)

Asian Macau operator gross gaming revenue (GGR) Q1 2023

Asian Macau operator gross gaming revenue (GGR) Q1 2023

Source: Company Reports

• Las Vegas Sands continues its domination in Macau by posting 43% higher GGR than its nearest rival, Galaxy – which drew in $890m

• MGM China, Wynn and Melco were much closer together in GGR, with $85.7m separating the trio individual casino revenue Q1 2023

Asian individual casino revenue Q1 2023

Source: Company reports

• Across Asia, Marina Bay Sands in Singapore is the behemoth that all others are trying to keep pace with, after it posted $848m in revenue – over double the amount that the Wynn Palace in Macau did

US sports betting revenue Q1 2023

• Resorts World in Singapore, though almost half the size of Marina Bay Sands, still took more than most of Macau’s casinos – with only Galaxy and The Venetian taking more in Q1

Source: Company reports

• The highly competitive US sports betting market recently saw its seventh-biggest sportsbook in PointsBet plan to exit the country, after the company agreed to sell its US operations to Fanatics

• Both FanDuel and DraftKings continue to dominate much of the sports betting market in the US, with both posing significantly higher revenues than the next largest competitors

Source: Company reports

• In Las Vegas, MGM continues to reign supreme with its casino resorts pulling in $2.2bn in revenue and $836m in EBITDA

• Caesars’ $1.13bn fell far behind MGM’s total but found itself significantly ahead of Wynn’s $586.7m – showing the vast disparity in company takings in Las Vegas

European

European supplier EBITDA Q1 2023

Source: Company reports

• Evolution’s $321m in EBITDA is higher than many of its European competitors for Q1 2023 – showing the strength of live casino

• Meanwhile, Kambi and NeoGames are more closely matched, with Kambi’s EBITDA only $5.4m behind – while Bragg’s grew annually by 28%

European operator by region revenue Q1 2023

Regional operator revenue for Q1 2023

Source: Company reports

• Looking at multiple different markets across the European zone, Flutter’s operations in the UK are far ahead of the competition, with France’s gambling monopoly, the FDJ Group, $47.7m behind it

• Betsson and Svenska Spel’s figures correlate directly to the Nordic market, with Svenska Spel’s monopoly over the Swedish market bringing in $180m. Most of Betsson’s overall revenue came from other markets