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The AGA hosted its annual State of the Industry webinar, with comments from President & CEO Bill Miller and former New Jersey Governor Chris Christie, as prediction markets were chastised once more.
Co-Founder and Co-CEO, Jesper Sogaard, called 2025 a transformational year for Better Collective.
The Company achieved a 7.8% increase in operating profit compared to 2024 while making notable advancements in its ESG agenda.
Despite the FY2025 loss increasing 169.8% from the previous full-year period’s loss of $313.3m, Penn Entertainment managed to lower its Q4 2025 loss by 45.1% to $73.4m.
The operator delivered record net gaming revenue in FY 2025, driven by Mexico’s accelerating player growth, as management guides for further expansion.
The figures offer a key insight into behavioural trends in the licensed UK gambling market.
Adjusted EBITDA rose to HK$14.5bn (US$1.85bn) for the year as the operator expanded its entertainment portfolio.
Despite also reporting a 7% increase in FY2025 revenue to just over $2.9bn, Churchill Downs also witnessed a net income decrease during the full-year period, falling 10.3% to $383m.
The company’s net income for the fourth quarter of 2025 fell 1.6% to $604.8m, however, while adjusted funds from operations (AFFO) totaled $642.5m during the period and increased 6.8%.
This approach supports the creation of a holding company structure, separating the investment and corporate functions from the day-to-day operations of the gambling business.
