Finance
US commercial gambling revenue reaches record-equalling $11bn in Q1
US commercial gambling revenue reached $11bn for the first quarter of 2021, making it the industry’s joint highest-grossing quarter ever, according to statistics released by…
Detroit casino revenue reaches $109m in April
The three land-based casinos in Detroit, Michigan generated $109.0m in revenue in April, with $1.5m of this coming from sports betting. Year-on-year comparisons were not…
Sports IQ raises $7m in seed funding as leading sports execs invest
Sports betting technology supplier Sports IQ has raised $7m in series seed funding, with the intention to invest it into live sports betting services and…
Lottery growth sees IGT return to profit in Q1 as revenue exceeds $1bn
International Game Technology (IGT) posted a net profit of $92m in the first quarter of its 2021 financial year, after growth within its lottery business…
Illinois betting handle smashes records again in March
Sports wagering revenue in Illinois grew 25.1% month-on-month to $44.3m in March, while handle hit a record high of $627.6m, up 23.1%. FanDuel remained on…
Paysafe reports Q1 revenue increase but losses also grow
Payments platform Paysafe saw a $17.7m rise in revenue in Q1 year on year to $377.4m, but also saw $2.0m net loss increase because of…
Wynn Resorts records Q1 revenue decrease but lower costs shrink losses
Wynn Resorts recorded revenue figures of $725.8m (£514.2m/€597.1m) for the first quarter of 2021, representing a 23.9% decrease from this time last year. Casino revenue…
Colorado sports wagers reach $2.34bn in first year of regulation
Consumers in Colorado wagered a total of $2.34bn on sports during the first year of legal wagering in the state, while gross gaming revenue in…
“Structural changes” lead to revenue growth at Full House in Q1
Full House Resorts put a 36.8% year-on-year increase in Q1 revenue year down to structural changes within the business, while the land-based casino operator was…
Bally’s posts Q1 revenue increase but losses rise because of non-operating costs
Bally’s Corporation has posted revenue figures of $192.3m (£135.9m/€158.1m) for the first quarter of 2021, representing a 76.3% increase from this time last year. Gaming…
Lottery and digital offset low machine sales as SG cuts Q1 losses
Gambling technology giant Scientific Games saw revenue grow and losses decline in the first quarter of 2021. Growth in its lottery, digital and social gaming segments…
Century Casinos suffers decrease in revenue and profit loss in Q1
Century Casinos saw a decrease in first quarter revenue after Covid-19 kept its Canadian and Polish venues closed for much of the period. Net operating…
Iowa records sports wagering handle decrease for April
Iowa posted sports wagering handle figures of $118.4m for April 2021, representing a 7438.9% increase from April 2020 when almost all major sporting events were…
DraftKings ups guidance as revenue grows 252% but losses rise further
DraftKings’ revenue continued to rocket in Q1, growing 252.7% to $312.3m, but losses widened as the operator’s sky-high costs of sales and marketing costs continued…