Qld EGM Gaming Analysis January 2023

Gross revenue for January 2023 was, as expected, well up on the highly Covid-impacted January 2022, by 35.2%.

January 2023 was well down on last month, by -9.1% but this follows the trend that we see every year. On average, January is down on December by between 5% and 10%, depending on the number of weekend days and how the Christmas period sits.

January this year only had 8 weekend days, compared with December which had 9 weekend days.

By all indications, early February has cooled from January in line with trends but remains relatively strong.

Happy trading,

Geoff Wohlsen