Betting on revenue: Brazilian Government recalculates Budget with eyes on bets
With new levies set to take effect, the Government watches the betting sector closely as it chases a BR34bn ($6.5bn) fiscal surplus target.
With new levies set to take effect, the Government watches the betting sector closely as it chases a BR34bn ($6.5bn) fiscal surplus target.
The supplier recorded a $43.1m non-cash goodwill impairment tied to its North American cash generating unit. It also expanded its Western Alliance Bancorporation loan facility to US$75m in June 2025.
Move signals strong confidence in the company’s growth strategy.
Group normalised revenue reaches $584.9m as trading conditions remain weak.
Holiday softness tempers gains but full-year growth still expected.
Mobile sports wagering accounted for the vast majority of revenue during January 2026, having generated $74.9m for the monthly period but decreasing 7.1% from the prior year period.
The total figure for January 2026 represents a 6.6% decrease year-over-year, as gaming revenue from the Clark County area decreased 8.4% during the month to nearly $1.2bn.
With potential takeovers looming over the operator, other casino and hotel owners, such as Circus Circus and Hotel Apache, will be keeping a close eye on any developments.
Despite reporting a FY2024 net income of $50.7m, Golden Entertainment witnessed a $6m net loss for the full-year period in 2025, while Q4 revenue fell 5.2% for a total of $155.6m.
Wellington Lima says the Ministry may back fresh legislation to fund anti-organized crime efforts following the withdrawal of the betting levy.