And a travel rebound helped increase MGM's Las Vegas revenue by 31% in the same period. MGM China’s net revenue surged 130% in the first quarter of 2023 after the country relaxed Covid restrictions. MGM Resorts.: MGM is a global gaming and entertainment brand, with a portfolio of 31 unique hotel and gaming destinations across the world.PENN reported a 7% year-over-year increase in revenue in the first quarter of 2023, offset by narrower margins from a revenue shift toward higher-tax jurisdictions. In February, PENN fully acquired the sports blog Barstool Sports. It operates 43 properties in 20 states, and online betting in 17 jurisdictions. PENN Entertainment Inc.: PENN is a North American provider of integrated entertainment, sports content, and casino gaming.On May 18, Light & Wonder proposed the complete acquisition of online casino and mobile game maker SciPlay, of which it is already the majority shareholder, for a total value of $422 million.
Its OpenGaming platform powers the largest digital gaming network in the industry, connecting players to a portfolio of 4000+ games across more than 60 studios. Light & Wonder Inc.: Light & Wonder is a global leader in cross-platform games with a footprint across six continents.