Finance
Mississippi sports betting revenue down 28.7% in October
The Mississippi Gaming Commission has reported a 28.7% year-on-year decline in sports wagering revenue in October, despite the state’s handle increasing by 27.5%. Revenue for…
PA posts record igaming and sports betting revenue in October
Record online gambling and sports betting revenue in October drove overall market revenue in Pennsylvania up 12.9% year-on-year, according to new figures from the state…
Gaming sector “not out of the woods yet”, Galaxy CEO warns
Galaxy Gaming chief executive Todd Cravens warned the gambling industry is still facing headwinds from the novel coronavirus (Covid-19) pandemic, despite the gaming machine supplier…
Delaware igaming revenue slips to eight-month low in October
The Delaware Lottery reported a 161.6% year-on-year increase in igaming revenue for October, though this was its lowest monthly total since March. Online gambling revenue…
FanDuel to invest in Illinois racetrack
Flutter Entertainment’s FanDuel Group has announced plans to make a multi-million-dollar investment in Fairmount Park Racetrack in Collinsville, Illinois. The financial terms of the arrangement…
Tennessee punters stake $27.4m in first week of legal wagering
Bettors in Tennessee wagered $27.4m in the first seven days of legal mobile wagering, according to figures from the state’s Education Lottery, the body responsible for…
GAN agrees Coolbet deal after strong Q3 revenue growth
Despite an 87.3% year-on-year rise in revenue during the third quarter, GAN saw costs of its expansion effort weigh on its bottom line, while the…
US GGR improves in Q3 after commercial casino reopenings
The reopening of casinos across the US helped commercial gross gaming revenue (GGR) grow 293.0% quarter-on-quarter in Q3, but continuing novel coronavirus (Covid-19) restrictions on…
Illinois betting handle doubles but revenue declines in September
Illinois sportsbook handle jumped 117.9% to $305.1m, as FanDuel and DraftKings saw large amounts wagered, but generated little revenue in September. Retail betting handle grew…
William Hill retains retail lead as D.C. market grows in October
Washington D.C.’s lottery saw stakes grow 27.8% month-over-month in October, though its city-wide mobile offering continues to be outstripped by William Hill’s retail sportsbook at…
DraftKings raises 2020 guidance following Q3 growth
A third quarter in which revenue grew strongly has prompted DraftKings to raise its full year guidance for 2020, though the operator and technology provider’s…
NY betting grows in first full month after lockdown
Sports betting revenue from New York’s commercial casinos increased 18.8% year-on-year in October, while the state Gaming Commission also reported significant month-on-month growth/ Gross gaming…
Apollo Funds to acquire Great Canadian Gaming for CAD$3.3bn
Private equity giant Apollo Global Management has agreed to acquire land-based operator Great Canadian Gaming Corporation in a deal worth more than CAD$3.3bn (US$2.51bn). Under…
State of the Union: Caesars, Ontario, Indiana and more
This week’s State of the Union, in partnership with Segev LLP, includes results from a variety of land-based operators including Caesars, Full House and Wynn,…