Finance
Pennsylvania Gaming Dashboard – August 2020
Pennsylvania’s igaming market could hold on to the huge gains it made during lockdown if July’s figures are anything to go by. iGaming Business and…
PointsBet exceeds expectations with AU$200m placement
Online gambling operator PointsBet has surpassed initial expectations by raising AU$200m (£109.9m/€123.0m/US$145.2m) through a share placement. PointsBet last week set out plans to generate $150m,…
State of the Union: William Hill, Washington DC, PointsBet and more
This week’s State of the Union, in partnership with Segev LLP, covers William Hill’s acquisition of sportsbook solutions provider CG Technology and the latest sports…
Skillz to go public on NYSE through SPAC
Mobile gaming platform Skillz Inc will go public on the New York Stock Exchange through a merger with special purpose acquisition company Flying Eagle Acquisition…
Michael Jordan takes equity interest in DraftKings
Basketball icon Michael Jordan is to take an equity interest in DraftKings, in exchange for becoming a special advisor to the operator’s board of directors.…
PointsBet launches AU$303m fundraising drive
Online gambling operator PointsBet has set out details of a new capital raising, through which it hopes to generate AU$303m (£166.5m/€187.6m/US222.5m) in additional funds. Announced…
DC sports betting revenue reaches $142,279 in July
The DC Lottery has revealed that sports wagering revenue in Washington D.C in July amounted to $142,279, after handle for the month rose to $741,450.…
RI sports betting revenue rises in July
The Rhode Island Lottery saw sports betting revenue grow in July, as the state’s market continued to recover from the novel coronavirus (Covid-19) shutdown. Revenue amounted…
Covid-19 closures push revenue down at BCLC in FY19-20
Canadian provincial lottery operator the British Columbia Lottery Corporation (BCLC) said measures implemented during the novel coronavirus (Covid-19) pandemic led to a decline in revenue for…
PointsBet pens NBC Sports deal, plans AU$300m capital raise
PointsBet has agreed a deal to become the official sports betting partner of NBC Sports, while the operator has also set out plans to raise…
Delaware sports betting revenue slumps to $12k in July
Sports wagering revenue in Delaware reached just $12,114 in July, in the first figures released by the Delaware Lottery since March, due to disruption caused…
Colorado sees sports betting revenue and handle rise in July
Colorado reported a 9.1% month-on-month increase in sports betting revenue for July, while handle also jumped 55.4%, according to figures released by the Colorado Department…
Nevada sees gaming market recovery continue in July
Nevada gaming revenue grew 33.5% month-over-month to $756.8m in July, as the state’s recovery from its novel coronavirus (Covid-19) shut-down continued, with the sports betting…
Scientific Games formulates protection plan for executives
Scientific Games has adopted a Change in Control (CIC) Protection Plan designed to ensure the company’s top executives receive significant financial compensation if they are…