Finance
Illinois betting revenue drops despite record handle in December
Illinois sports bettors set another new record for handle in December at $491.7m, up 9.0% from the prior month despite almost no retail activity, but…
Oregon Lottery Scoreboard revenue doubles in January
The Oregon Lottery’s sports betting brand, Scoreboard, brought in $3.87m in gross gaming revenue (GGR) for January 2021, up 119.4%, from total betting turnover of…
Indiana breaks betting revenue and handle records in January
Indiana set new sports betting revenue and handle records in January, according to the latest monthly results published by the Indiana Gaming Commission. Adjusted gross…
theScore begins share consolidation ahead of potential US listing
Canadian betting and media business theScore has commenced a consolidation of its outstanding Class A shares and special voting shares, ahead of a potential listing…
MGM looks to diversify operations following difficult 2020
MGM Resorts lost $1.03bn in 2020 as revenue fell 60.0% to $5.16bn, while chief executive Bill Hornuckle said it would continue efforts to expand its…
Detroit casino revenue down 24.3% in January
Revenue from Detroit’s three commercial casinos declined 24.3% year-on-year in January as the facilities continued to face capacity limits due to the ongoing novel coronavirus…
Red Rock sees losses widen after Covid-19 hit in 2020
Casino operator Red Rock Resorts saw revenue fall 36.3% year-on-year in 2020, and its net loss widen, due to the 79-day statewide shutdown and subsequent…
Wynn to raise $630.6m through new share sale
Wynn Resorts expects to raise around $630.6m as it launches an underwritten public offering of 5.5m shares of its common stock, with an option to…
Golden Nugget Online Gaming GGR up 65.8% in 2020
Golden Nugget Online Gaming (GNOG) reported a 65.8% year-on-year rise in gross gaming revenue for 2020 to between $101.0m and $102.0m, in its first results…
Wynn posts $2.07bn net loss as Covid-19 takes its toll in 2020
Wynn Resorts International has posted a $2.07bn net loss for its 2020 financial year after the enforced closure of its casino properties due to the…
State of the Union: Penn National Gaming, PointsBet, Google and more
This week’s State of the Union, in partnership with Segev LLP, covers the start of annual results season – with Penn National Gaming and PointsBet…
Penn National posts $669.5m loss as Covid-19 drives revenue drop in 2020
Penn National Gaming (PNG) has reported a $669.5m net loss for 2020, primarily due to a sharp decline in revenue caused by the novel coronavirus…
Pennsylvania Gaming Dashboard – January 2021
For the fifth consecutive month Pennsylvania’s igaming market hit a new high in December, with the final month of last year’s 15.2% revenue rise the…
PlayStudios to go public with $1.1bn valuation
Free-to-play mobile gaming business PlayStudios is to merge with special purpose acquisition company Acies Acquisition Corporation to list on the Nasdaq Stock Exchange. Founded in…