Finance
SPAC to the Future
Cole Rush looks at the emergence of special purpose acquisition companies (SPACs) as a vehicle for gaming businesses to list. Special purpose acquisition companies (SPACs)…
New York sports betting revenue doubles in November
Gross gaming revenue from sports betting in the state of New York doubled year-on-year in November to $2.6m, according to new figures published by the…
William Hill sees marginal DC betting revenue growth in November
Both William Hill’s sportsbook at Washington DC’s Capital One Arena and the DC Lottery’s Gambet app saw stakes dip – though revenue increase – in…
Mississippi sports betting revenue more than doubles in November
Sports wagering revenue in Mississippi more than doubled year-on-year during November, despite a slight decline in the US state’s handle. Revenue for the month amounted…
Delaware iGaming revenue down again in November
The Delaware Lottery reported a sixth consecutive month of igaming decline in November, with amounts wagered down to an eight-month low. Some $16.4m was gambled…
dMY shareholders to vote on Rush Street merger on 29 December
Special purpose acquisition company (SPAC) dMY Technology Group will hold a shareholder meeting on 29 December in order to approve its proposed reverse merger with…
New Jersey sports betting handle passes $900m in November
New Jersey became the first US state to generate more than $900m in sports betting handle in a calendar month during November. Total sports wagering…
Genius Sports Group acquires scoreboard data supplier Sportzcast
Sports data provider Genius Sports Group has agreed to acquire Sportzcast, a US sports data distribution system manufacturer. Sportzcast produced Scorebot, a program that delivers…
US tribal gaming revenue reaches record $34.6bn in FY2019
Gross gambling revenue from tribal casinos increased 2.5% year-on-year in the 2019 financial year to a record $34.6bn, according to new figures published by the…
Iowa betting revenue rockets in November
The Iowa Racing and Gaming Commission (IRGC) has reported a 125.0% year-on-year rise in sports betting revenue in November, after amounts wagered grew 47.1% for…
Indiana sets new monthly sports betting records in November
Indiana set new monthly records for sports betting revenue and handle during November, according to new figures released by the state’s regulator. Revenue for the…
State of the Union: Recovery, Indiana, Flutter and more
This week’s State of the Union, in partnership with Segev LLP, includes the latest results from the US commercial gaming sector as a whole, as…
Detroit casino revenue halves in November amid latest Covid-19 closures
Revenue from the three commercial casinos in Detroit, Michigan more than halved in November following a temporary order closure issued by Governor Gretchen Whitmer in…
Flutter details £1.1bn share placing for FanDuel deal
Flutter Entertainment has revealed the details of the cash-generating new share issue launched to raise £1.1bn towards its increased stake in FanDuel. The group that…