Profitability
Most investors appear to be obsessed with earnings. This is especially true for institutional investors who tend to overreact to the slightest earnings miss. However, these paper profits have the potential to be very misleading, which is why we prefer to focus on free cash flow.
In the last 12 months, Evolution has recorded $720 million in free cash flow, making it profitable by our definition. This indicates that the company doesn’t have to rely on equity raises to continue funding its growth.
More importantly, its free cash flow has been trending up in recent years, as it was only about $20 million in fiscal 2016. The company has surely come a long way. This uptrend means that the company’s free cash flows are reasonably predictable.
Online Gambling vs Online Casino: Similarities
Online gambling and online casinos share lots of similarities. Both of these forms of gambling come with some bonuses and promotions that players can take advantage of. In most cases, players will find welcome packages and no deposit deals that are designed for new players. Online casinos offer free spins, while sportsbooks provide new customers with some free bets.
Other features that are available in both sports betting venues and online casinos are payment options, lots of markets, security, and licensing. In order to enjoy all these benefits, you need to choose a recommended online gambling platform.
KEY MARKET INSIGHTS
The global online gambling software market size was USD 66.72 billion in 2020. The global impact of COVID-19 has been unprecedented and staggering, with online gambling witnessing a positive demand shock across all regions amid the pandemic. Based on our analysis, the market exhibited a significant growth of 11.2% in 2021. The market is projected to grow from USD 74.17 billion in 2021 to USD 158.20 billion in 2028 at a CAGR of 11.4% in the 2021-2028 period. The steady rise in CAGR is attributable to this market’s demand and growth returning to pre-pandemic levels once the pandemic is over.
The growing adoption of smartphones, advancements in internet technology, and increasing spending power of users, among others, are driving the market demand for digital gambling. The online gambling software providers are heavily investing in advanced technologies to enhance the customer experience, which will boost the interest of players. In the scope of the market report, the market estimation is executed on the basis of the revenue generated by gambling platforms from users.
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MGM Resorts International (MGM) had rebounded from coronavirus crash lows as vaccines rolled out, but inflation and recession fears have made consumers cautious about discretionary spending. Additionally, stringent rules in China have slowed the full reopening of MGM casinos in Macau. Is MGM stock a buy now? Take a look at MGM Resorts stock's fundamentals and technicals to find out.
XMGM Resorts is a global entertainment company with properties featuring hotels and casinos, conference spaces, restaurants, shops and live entertainment. The MGM portfolio includes 29 properties in the U.S. and Macau, including Bellagio, MGM Grand, Aria and Park MGM.
While MGM has casinos in Macau, most of its revenue is derived from U.S. operations. MGM owns half the casinos on the Vegas Strip as well as several properties in other states, including New Jersey, Maryland and Michigan. Rivals Las Vegas Sands (LVS) and Wynn Resorts (WYNN) have larger exposure to Macau. As a result, China's recent crackdown on Macau casinos has had a bigger impact on MGM's rivals.
On July 11, Macau shuttered all of its casinos for a week for the first time in more than two years in an attempt to dampen the recent surge in cases. A Reuters report citing local government officials says they're set to reopen on July 23.
Meanwhile, in the U.S., the Covid strategy has leaned towards learning to live side by side of the virus vs. China's zero tolerance. In Nevada, casinos are fully reopened. But mask mandates are once again being considered as Covid rates tick up again.
How Many People Gamble in the World?
The latest stats show that about 26% of the global population partakes in gambling. This means that the number of people who gamble in the world is about 1.6 billion. Moreover, gambling statistics show that around 4.2 billion people worldwide partake in gambling at least once a year.
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What is the Best New Online Casino Site for Real Money?
It’s a very close call, but Ducky Luck is the best new online casino for players overall. Upon arrival, you’ll find 500+ casino titles (including 39 jackpot games) from 10 high-tech software providers. It’s clear they prioritize quantity and quality, which bodes well for new sign-ups.
On top of their awesome game collection, you’ll get to redeem a 500% deposit bonus worth up to $2,500. Bitcoin players will score a sky-high 600% welcome bonus! As an added gift, crypto and fiat gamblers will receive 150 free spins.
Statistics on the Gambling Market
Since the economy began to rebound in March 2009, significant gaming companies in the United States and around the globe have outperformed the broader market several times over. Whereas the S&P 500 index has risen 155% ever since you might have laughed your way to the bank if you had bet on gaming firms like Online Casinos Kenya:
- MGM Resorts International (NYSE: MGM) has increased 720%, more than 4 times the S&P 500.
- Wynn Resorts Ltd. (NASDAQ: WYNN) has risen by 970%, more than 6 times the S&P 500.
- SJM Holdings Ltd. (HKG: 0880) has increased 1,100%, outperforming the S&P 500 by more than 7 times.
- Las Vegas Sands Corp. (NYSE: LVS) has increased 3,600%, outperforming the S&P 500 by more than 23 times.
- Galaxy Entertainment (HKG: 0027) has increased 5,200%, exceeding the S&P 500 more than 33 times.
The increased profit potential has sparked a rush in the gaming sector as companies compete to acquire as much possible market share. The recent acquisition of Bally Technologies (NYSE: BYI) by Scientific Games (NASDAQ: SGMS) may be a trail to follow.
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Starting to self-exclude
When I eventually realised I had a problem and was powerless over my gambling, my dad and I went to the casino and I self-excluded from all casinos in the country. I also self-excluded from online casinos and bookmakers. But I always found a way around it.
I tried and failed to stop numerous times. A few times I didn’t gamble for up to a year. But it always crept back in when I was stressed or having emotional problems. I didn't realise I was gambling to escape.
"I self-excluded from all casinos in the country, online casinos and bookmakers. But I always found a way around."
UK Casino Industry Statistics
76% of UK citizens see gambling ads on TV, 56% reported seeing ads on posters and billboards, with 45% read about the industry in the newspaper.
6 out of 10 UK residents come across gambling adverts at least once every week.
While almost half of the country’s population, 46%, gambles frequently, the UK’s gambling addiction problem has decreased from 0.5% to 0.3%.
The country’s male population is more prone to take on gambling than women. 43.5% of males reported having participated in gambling, while the percentage of women, 39.8% is lower.
The age group 45-54 has the highest number of gamblers when compared to other age groups.
If you’re a UK citizen interested in taking up gambling but don’t know where to start, these top casino options for UK citizens are a good starting point!
Definition
Slot MachineA slot machine (American), fruit machine (British), or poker machine (Australia and New Zealand) is a coin-operated gaming machine that generates random combinations of symbols on a dial, certain combinations winning varying amounts of money for the player. Slot machines are also known pejoratively as one-armed bandits because of the large mechanical levers affixed to the sides of early mechanical machines.
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Integration of Artificial Intelligence in Gambling Platforms to Enrich User Experience
Virtual gambling companies are making huge investments in new technologies for enhancing user experience. Artificial intelligence (AI) plays a significant role in offering new features and functions in the mobile gambling industry. Application and website developers are adopting AI to provide a better customer experience. The integration of AI with these systems helps in analyzing the user's gaming interests and behavior. This helps in suggesting games in-line with the players’ interests and thus improving the customer experience.
Further, AI can support in tracking possible addiction problems and negative patterns through users’ behavior. Many developers are integrating AI to offer preventive measures in handling gambling addiction. For instance, a responsible gambling analytics platform providing company, BetBuddy Limited, applied artificial intelligence to track users’ digital footprint and detect problematic gamblers. The company offers personalized statements to players and the operator for reporting such behavior. Thus, the adoption of AI is likely to boost the market growth.
- For instance, in March 2020, Scientific Games Corporation partnered with Vaix.ai to offer Artificial Intelligence (AI) through OpenSports that enables end-users with an enhanced betting experience.
Online casino games for US players
Every online casino US is powered by at least one provider and features a great deal of games. The bulk of game content consists of video slots, which are the most popular type of casino games in the USA and other countries. A rule of thumb states that around 80?90 percent of all casino games online fall under the category of slots. They are of different types: video slots with a 5x3 structure, classic slots with very few lines, unusual slots with more than 5 reels, slots with an irregular-shaped field, and so on.
The best online casinos have a variety of game types created by numerous providers, so when a gambler decides to play an online casino, they will locate their various blackjack options, roulette, baccarat, dice games, video poker and some other entertainment options, including live dealer roulette. To get a better idea of where to find specific games, US punters are advised to read online casino reviews available on this website.
Customer Care All Day, Every Day
Indeed, all casinos in this network boast a decent level of customer support with a 24/7 live chat portal available for players to contact. There are also some internationally friendly telephone numbers available to call, with toll-free options for patrons who are based in the UK, Canada, Germany and Denmark.
Perhaps one of the reasons that some past players have had a bad experience with customer support is because all queries and complaints are directed to a central support centre. As such, you won't exactly get the same personalised and dedicated care that can be found at smaller casino websites.
Hong Kong
Hong Kong is the only other special administrative region of China, enjoying a relatively high degree of autonomy. Gambling is legal, but strictly regulated. All forms of betting are a monopoly of the Hong Kong Jockey Club, while casino gaming is restricted to dedicated cruise ships — and even there, only when outside the island’s territorial waters.
Online casinos remain illegal, and the government is known to take action against black market operators.
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