Amidst the storm of Q3 reports from other casino operators, MGM Resorts has just released their report, and with it has broke its own Las Vegas Strip resorts revenue record. MGM Resorts reported that consolidated revenue is up 26% at $3.4 billion when compared to last years Q3 reports and this can be due in part to the operators new acquisition of The Cosmopolitan and Aria and Vdara. The company showed Las Vegas Strip resort revenue of $2.3 billion, a 67% annual increase on the previous years $1.4 billion. MGM Resorts was also able to cut their operating losses by 37% from $1.9 billion to $1 billion and this is due in part to new gaming laws in Macau as well as their $2.3 billion […]

Rush Street Interactive (RSI) has officially released their Q3 revenue report and the numbers show big growth for the company. The numbers in the report show that RSI had revenue of $148 million in Q3, a 20% increase on their previous years Q3 numbers of $122.9 million. A quote from the CEO of RSI states, “We posted a solid third quarter, as our efficient approach to marketing and robust platform continue to perform well.” RSI also noted in their report that Real-Money Monthly Active Users of RSI in the U.S. and Canada grew 31% with 130,000 users and their unrestricted cash and its equivalents were $195 million with debt as of September 30, 2022.

DraftKings has just unveiled their Q3 numbers which show that revenue is way up while the company continues lower its losses. The numbers for Q3 dwarf the previous years $213 million with $502 million in revenue growth. DraftKings did reports net losses of $450 million for Q3 but that is a good improvement from their 2021 Q3 losses of $545 million. DraftKings CEO Jason Robins released some words on the Q3 report stating, “DradtKings has a very strong third quarter. Our team continued to drive top-line growth through highly effective customer engagement and compelling product and technology enhancements while remaining focused on our path to profitability.”