Finance
Higher costs lead to $14.4m loss at Golden Nugget Online Gaming in 2020
Golden Nugget Online Gaming (GNOG) said a sharp increase in expenses led to a $14.4m net loss for its 2020 financial year, though the operator…
Blackstone and Atairos become first GeoComply institutional investors
Geolocation service provider GeoComply has today announced that private equity businesses Blackstone Growth (Blackstone) and Atairos will each invest in GeoComply. The deal represents GeoComply’s…
Iowa sports betting dashboard – March 2021
Online sports betting handle hit a new all-time high last month as Iowans continued to take advantage of their newfound ability to register online. iGaming…
Margins help DC Lottery close revenue gap with William Hill in February
DC Lottery’s Gambet sports betting product closed the revenue gap with William Hill in the US capital, but this came mostly due to a decline…
Mississippi sports betting revenue more than doubles in February
The Mississippi Gaming Commission has reported a 119.1% year-on-year rise in sports betting revenue in January to $4.6m, while handle in the US state also…
XLMedia raises $33.5m to fund Sports Betting Dime deal
Affiliate business XLMedia has raised £24.0m (€28.1m/$33.5m) under a placing and subscription to help fund its acquisition of US-focused sportsbook review website Sports Betting Dime.…
State of the Union: FanDuel, PointsBet, New York and more
This week’s State of the Union, in partnership with Segev LLP, includes Flutter’s potential plans to spin off its FanDuel brand, as well as PointsBet’s…
Playstudios revenue grows to $269.9m in 2020
Social gaming developer Playstudios has released its preliminary financial results for Q4 and the full year 2020, showing revenues of $64.0m and $269.9m respectively for…
Churchill Downs raises $500m through senior notes offering and term loan
Racing and gambling operator Churchill Downs Incorporated (CDI) has raised a total of $500m through a term loan and an offering of senior notes. Both…
NJ sports betting market slows in February despite YoY growth
The New Jersey Division of Gaming Enforcement (NJDGE) has reported year-on-year growth across the US state’s sports betting and online casino markets for February, but…
Mixed February sees MI sports betting revenue fall as igaming increases
The Michigan Gaming Control Board has reported a 171.8% month-on-month increase in igaming revenue in February, though revenue from sports betting in the US state…
Delaware igaming revenue rockets 131.2% in February
The Delaware Lottery has reported a 131.2% year-on-year increase in igaming revenue for February, while consumer spending more than doubled during the month. Revenue reached…
DraftKings proposes $1bn senior notes offering
Sports betting and daily fantasy sports operator DraftKings has announced plans to offer $1bn (£718m/€838m) in convertible senior notes via a private offering. Due in…
Flutter Entertainment to consider FanDuel IPO in US
Flutter Entertainment has revealed it is considering and initial public offering (IPO) of its US-focused FanDuel sports betting and fantasy sports business. The operator issued…