LAS VEGAS, July 22, 2025 (GLOBE NEWSWIRE) -- Expanse Studios, a cutting-edge game developer focused on innovative iGaming experiences and a subsidiary of Golden Matrix Group Inc. (NASDAQ: GMGI), has entered into a content partnership with Bragg Gaming Group (NASDAQ: BRAG, TSX: BRAG), a global B2B iGaming content and technology provider. The agreement significantly expands the distribution of Expanse Studios' proprietary slots, crash and table games across over 30 regulated markets globally, including the U. ...

New Guidelines Establish Mandatory Director Retirement PolicyNEW CENTURY, Kan., July 17, 2025 /PRNewswire/ -- Butler National Corporation (OTCQX: BUKS), a leader in the growing global market for aircraft modification, maintenance, repair and overhaul and a recognized provider of gaming management services, announces that its Board of Directors has adopted Corporate Governance Guidelines to promote the sound structure of the Board and best practices of its governance.The new Corporate Governance Guidelines c ...

Financial Data and Key Metrics Changes - For Q4 2024, total revenue reached $318 million, a year-over-year increase of 6.9%, and adjusted EBITDA was $47 million, up 6.2% year-over-year [23] - For the full year, total revenue was $1.2 billion, reflecting a 5.2% increase, while adjusted EBITDA increased by 4.2% to $189 million [23] - As of December 31, 2024, the company had 26,346 terminals across 4,117 locations, representing year-over-year increases of 5% and 3.9%, respectively [23] Business Line Data and Key Metrics Changes - In Illinois, revenue per location was $868 per day, an increase of 3.5% year-over-year, while Montana saw $614 per day, up 4.6% year-over-year [23] - Nebraska reported $253 per day, a 5.9% increase year-over-year, while Louisiana had $979 per day [23] - The company strategically closed 54 underperforming locations in 2024 to enhance operational efficiency [10] Market Data and Key Metrics Changes - Illinois experienced market-wide GGR growth of 4% year-over-year, outperforming local casinos which were down 3% [8] - The company is focusing on refining its sales and operating model to enhance performance across its footprint [11] Company Strategy and Development Direction - The company aims for low single-digit revenue growth, mid-single-digit EBITDA growth, and high single-digit free cash flow growth in its core route-based business model [16] - Future growth levers include organic growth in Illinois, Nebraska, and Georgia, and potential acquisitions in the fragmented local gaming market [17] - The company is also preparing for the rollout of ticket in, ticket out (TITO) technology in 2025 to enhance player experience [13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the resilience of their business model and the demand for local gaming offerings [23] - The company is optimistic about growth opportunities in Louisiana, particularly in the fragmented truck stop and bar markets [59] - Management is continuously monitoring regulatory changes and believes iGaming legislation may not be prioritized in established route gaming markets like Illinois [55] Other Important Information - The company repurchased 361,000 shares at an average price of $11.14 per share during the quarter, totaling $4 million [26] - The board authorized replenishing the share repurchase program to $200 million, indicating a strong balance sheet and low leverage [27] Q&A Session Summary Question: Contributions from Louisiana and Fairmont to the model - Management indicated that Louisiana is expected to contribute $6 million of EBITDA for the full year 2025, with Fairmont projected to generate $25 million of EBITDA once fully operational [34] Question: Trends in Illinois and other markets - Management noted favorable weather conditions in January contributed to strong performance, while February saw less favorable conditions [38] Question: Pruning of Illinois units and future growth - Management clarified that pruning underperforming locations is an ongoing process, with expectations for improved profitability in the future [44] Question: Expansion in e-pull tabs market - Management acknowledged the potential of the e-pull tabs market but emphasized the need for partnerships to effectively participate [49] Question: Legislative changes and iGaming prospects - Management stated that while iGaming legislation is being monitored, it is unlikely to gain traction in established route gaming markets like Illinois [55] Question: Growth opportunities in Louisiana - Management highlighted the fragmented nature of the Louisiana market and the potential for organic growth through improvements in truck stops and bars [61]