Finance
NJ sports and igaming grow, but casinos struggle in July
New Jersey’s sports betting revenue climbed 65.2% year-on-year in July, but the state’s land-based casino market saw further declines as it continued to feel the…
Detroit casino revenue decline widens to 65.0%
The year-on-year decline in revenue for Detroit’s three commercial casinos has widened to 65.0% as of July 31, the final full month the venues will…
FansUnite completes Askott acquisition
Canadian igaming operator and technology provider FansUnite Entertainment has completed the acquisition of white label solutions provider Askott Entertainment for CAD$27.8m (USD$20.7m) in FansUnite shares.…
Twin River reports $32.4m first half net loss
Twin River Worldwide Holdings saw revenue for the first half of 2020 fall 47.7% year-on-year, becoming the latest listed US operator to outline the disruption…
Canterbury Park posts $925,976 loss following Covid-19 upheaval
Canterbury Park Holding Corporation, operator of Canterbury Park racecourse in Minnesota, has reported a $925,976 net loss for the first half of 2020, after it…
Indiana sportsbook revenue and handle recover strongly in July
The Indiana Gaming Commission has reported the strongest month for the state’s sports betting market since February, with revenue and handle both soaring in July. …
Online potential prompts IAC to acquire $1bn MGM stake
Digital media giant InterActiveCorporation (IAC) has acquired a 12% stake in MGM Resorts International, describing the investment as a “once in a decade” opportunity. IAC,…
Iowa sports betting revenue up to $2.2m in July
Sports betting revenue in Iowa increased to $2.2m in July as the state continued to recover from the novel coronavirus (Covid-19) shutdown of sports and…
Century Casinos posts $58.9m H1 loss despite revenue growth
Century Casinos Inc. has reported a net loss of $58.9m for the first half of 2020, despite its US operations driving a 26.2% year-on-year increase…
Golden Ent exceeds expectations despite 69.4% Q2 revenue drop
Golden Entertainment said results since reopening “have exceeded expectations”, despite a 69.4% drop in revenue to $76.0m in the three months to 30 June and…
Losses widen at Full House Resorts in first half
US casino operator Full House Resorts has put a year-on-year increase in net loss for the first half of 2020 primarily down to the temporary…
Combined Caesars-Eldorado business posts $1.17bn loss in H1
Caesars Entertainment Inc. – the new name for the combined Caesars Entertainment Corporation and Eldorado Resorts business – has reported a $1.17bn net loss for…
AGS losses soar in second quarter
Gaming technology supplier AGS’s revenue fell 77.5% to $16.8m as its losses increased almost six-fold for the three months ending 30 June. Gaming operations revenue…
State of the Union: IGT-FanDuel, Wynn, NV and more
This week’s State of the Union, in partnership with Segev LLP, includes results from many of the US gaming industry’s largest operators as well as…