Finance
DraftKings’ Robins urges lower expectations for Canada
Jason Robins, co-founder, chairman and CEO of DraftKings, said that the operator’s launch in Canada has gone “as expected”, as the business had lower expectations…
RSI remains on track for long-term earnings goals despite increased Q2 losses
Rush Street Interactive (RSI) said it still expects to achieve its longer-term earnings targets despite posting an increased net loss and negative adjusted earnings before…
DraftKings reduces loss for first time in Q2
DraftKings has raised its earnings guidance for the year after its net loss declined on a year-on-year basis for the first time since going public,…
Slots M&A the right way
The world of gambling has been dominated by mergers and acquisitions in recent years, with slots studios especially liable to be snapped up. Cole Rush…
Bally’s revises full-year projections downwards after H1 results
Bally’s revised both its revenue and earnings projections downwards following its Q2 results, in which the acquisition of Gamesys among other businesses helped boost revenue…
Hornbuckle hints at further global expansion as MGM revenue hits $6.12bn in H1
MGM Resorts chief executive Bill Hornbuckle suggested the business may look to expand further into new territories after its deal to acquire LeoVegas closes, after…
Caesars posts $692.0m digital loss in first half despite Q2 improvement
Caesars Entertainment posted a $692.0m net loss for its digital division in the first half of its 2022 financial year, despite the business experiencing an…
CDI looks to acquire after land sale boosts profit in Q2
Churchill Downs Incorporated (CDI) posted record revenue for the second quarter of 2022 following the recovery of its live and historical racing segment, while it…
Connecticut online casino revenue dips in June
Gross gaming revenue (GGR) for online casino in Connecticut came to $16.2m (£13.5m/€15.8m) in June. Before promotions were deducted, the revenue was $20.9m. Online casino…
FansUnite approved for Toronto stock exchange listing
FansUnite Entertainment has received conditional approval to list its shares on the Toronto Stock Exchange (TSX). The Vancouver-headquartered sports betting and igaming operator and supplier…
Nevada gaming revenue up year-on-year in April, but down from March
Gaming revenue in the state of Nevada was up 8.6% year-on-year to $1.13bn in April, though this total was 16.8% less than in March. Slots…
State of the Union: DraftKings, New Jersey, Kansas and more
This week’s State of the Union, in partnership with Segev LLP includes a host of first quarter results, the debut of legal fixed-odds horse racing…
New Jersey iGaming Dashboard: March 2022
Online gaming revenue in New Jersey came to $140.7m in March, up 23.7% from the same month in 2021, while sports betting handle exceeded $1bn.…
Rhode Island betting stakes rise 18.6% year-on-year in March
Sports betting stakes in Rhode Island totaled at $45.7m for March (£36.4m/€43.3m), up by 8.5% month-on-month and 18.6% from March 2021. This brought the year-to-date…