Finance
State of the Union: New Jersey, Sportradar, DraftKings and more
This week’s State of the Union, in partnership with Segev LLP, includes some strong financial performances in the third quarter for companies and states alike,…
Mississippi sports betting handle hits all-time high of $83.5m in October
Mississippi consumers wagered a record $83.5m on sports in October, while the state’s revenue reached its highest total since October 2019. Revenue for the month…
New Jersey smashes betting handle record with $1.30bn in October
Sports betting revenue hit an all-time high in New Jersey during October as players spent a record $1.30bn wagering on sports, while online casino revenue…
Pennsylvania gaming revenue reaches record high in October
Pennsylvania operators enjoyed a record breaking month in October, with total market revenue jumping 33.0% year-on-year to with $425.9m. Parx Casino led the way in…
Strong US performance helps Sportradar revenue increase in Q3
Sports data supplier Sportradar has recorded revenue figures of €136.8m ($158.7m/£115.1m) for the third quarter of 2021, representing a 29.9% increase on the same period…
New York gaming revenue grows but betting revenue down in October
The New York Gaming Commission has recorded gaming revenue figures of $60.4m for October, representing a 54.1% increase on the same time last year. October’s…
DraftKings secures Kansas market access with Boot Hill Casino
DraftKings has entered into a sports betting deal with the manager of Boot Hill Casino, allowing it to enter the Kansas online betting market if…
GGR declines despite turnover increase for Elys in Q3
Elys Game Technology reported a gross gaming revenue (GGR) of $10.3m, a decrease of 9.3% year-on-year, despite turnover rising in the third quarter of 2021.…
Playmaker turns a profit in Q3 following Yardbarker acquisition
Sports media company Playmaker has recorded revenue figures of $4.8m for the third quarter of 2021, after not generating revenue in the corresponding period in…
PlayStar high-profile hires continue with Acroud’s Vadenbring appointed CFO
Online casino operator PlayStar has appointed Gustav Vadenbring, previously of Acroud, as its new chief financial officer. Due to begin his role on January 10,…
Indiana breaks handle record in October but revenue dips month-on-month
The Indiana Gaming Commission has set a new record for handle with $461.1m in the month of October, a 29.7% increase on the previous record…
Wynn scraps interactive spinoff as it changes marketing strategy
Wynn Resorts and Austerlitz Acquisition Corporation I have cancelled the deal that would have seen the Wynn Interactive subsidiary spin off, merge with Austerlitz and…
B2C drives revenue growth at GAN in Q3 but net loss widens
Online gaming software provider GAN reported a 213.6% year-on-year increase in revenue in the third quarter of its 2021 financial year, but its net loss…
RSI raises full-year revenue guidance after Q3 growth
Rush Street Interactive (RSI) has raised its full-year revenue guidance after reporting year-on-year growth during the third quarter of its 2021 financial year. Revenue for…