Finance

GNOG Q1 revenue rises while SPAC warrants help profit skyrocket 1,000%

| By Marese O'Hagan
Golden Nugget Online Gaming (GNOG) reported a revenue increase of 54.2% in the first quarter of 2021, and while operating losses rose by almost $12m as costs grew rapidly, non-operating income meant final profit grew more than tenfold.

Revenue came to $26.7m, a rise of $9.4m from $17.3m in the previous first quarter. Gaming made up $23.0m of the revenue, an increase of 54.7% year on year, while other revenue rose by 51% to $3.6m.

However, costs and expenses exceeded revenue, resulting in an overall loss.

Read the full story on iGB North America.

Subscribe to the iGaming newsletter

Digitain NFL banner