Finance
Playtika finalizes pricing for initial public offering
Social gaming giant Playtika has confirmed that its initial public offering (IPO) will see 69,500,000 shares sold to the public at a price of $27.00…
theScore hails Q1 media revenue growth as betting handle soars
Canadian betting and media business theScore saw revenue fall 7.6% year-on-year in its first quarter, with a record performance from its media division offset by…
NJ gambling up 8.9% in December as sports betting handle nears $1bn
The New Jersey Division of Gaming Enforcement (NJDGE) has reported an 8.9% year-on-year increase revenue for December, as players wagered almost $1.0bn on sports during…
New York sports betting revenue rockets in December
The New York State Gaming Commission has reported a 210.6% year-on-year increase in gross sports betting revenue in December. Gross gaming revenue from sports betting…
Delaware igaming revenue more than doubles in 2020
Delaware igaming revenue soared 133.3% year-on-year to $8.4m in 2020, thanks largely to an increase in play during novel coronavirus (Covid-19) lockdowns. Players staked $227.7m…
Detroit casino revenue down 56.1% in 2020
The Michigan Gaming Control Board (MGCB) has reported a 56.1% year-on-year drop in revenue from Detroit’s three commercial casinos in 2020, after operations were disrupted…
FuboTV to acquire Vigtory amid plans for 2021 betting launch
Sports-focused streaming platform FuboTV has acquired sportsbook start-up Vigtory, a deal which the streaming service expects to allow it to launch its own sportsbook this…
MGM shareholder IAC outlines support for Entain deal
InterActive Corp (IAC), MGM Resorts International’s largest shareholder, has pledged to contribute up to $1bn towards the land-based giant’s bid to acquire its BetMGM joint venture…
BCLC: Banks can play a leading role in harm prevention efforts
Canadian provincial lottery operator the British Columbia Lottery Corporation (BCLC) has issued a call for greater co-operation between the gambling industry and financial institutions to…
Playtika launches $1.67bn initial public offering
Social gaming giant Playtika has launched its long-awaited initial public offering, with plans to sell 69.5m shares and raise up to $1.67bn. The business itself…
Billionaire Moelis funds new SPAC with eye on gaming sector
Investment banking billionaire Ken Moelis has founded a new special purpose acquisition company (SPAC), Atlas Crest Investment II, which will seek to merge with a…
State of the Union: MGM-Entain, Michigan, Adelson and more
The first State of the Union of 2021, in partnership with Segev LLP, is headlined by MGM Resorts’ proposal to acquire igaming giant Entain, formerly…
Covid-19 disruption pushes DE sports betting revenue down in 2020
Sports betting revenue in Delaware fell 32.8% year-on-year in 2020 to $8.4m, as the state felt the impact of the suspension of activities due to…
MGM confirms Entain merger proposal but “no certainty” of firm offer
Land-based giant MGM Resorts International has confirmed that it has put forward an offer to acquire igaming operator Entain, formerly known as GVC Holdings, but…