Finance
Penn Q2 revenue collapses amid Covid-19 closures
Penn National Gaming’s revenue for the second quarter of 2020 fell 76.9% as venue closures across the country led to a $213.9m loss for the period,…
Everi highlights Q3 recovery following H1 losses
Gaming technology and payment solutions provider Everi Holdings says its business is showing signs of recovery in the early weeks of the third quarter, after…
Covid-19 closures push Red Rock to $223.7m loss in H1
Casino operator Red Rock Resorts said the enforced closure of its properties due to the novel coronavirus (Covid-19) pandemic was the main reason behind a…
Wynn posts $1.04bn loss in H1 amid global Covid-19 closures
Casino operator Wynn Resorts has reported a net loss of $1.04bn for the first half of the year, after the novel coronavirus (Covid-19) pandemic forced…
IGT revenue falls 48.4% in second quarter
The novel coronavirus (Covid-19) pandemic has hit International Game Technology (IGT) hard in the second quarter of 2020, with revenue dropping 48.4% and the business…
AGA report: Michigan casinos worth $6.3bn annually to state
Michigan’s 27 combined commercial and tribal casinos have an annual economic impact of $6.3bn for the state, according to a new report from the American Gaming…
PA Lottery generates $1.14bn for seniors in 2019-20
The Pennsylvania Lottery generated profits of $1.14bn for programs that benefit the state’s senior citizens in its 2019-20 fiscal year, the ninth consecutive year in…
Kentucky lottery revenue grows to $1.20bn in 2019-20
The Kentucky Lottery Corporation took in record revenue of $1.20bn in its 2020 fiscal year ended 30 June 2020, a 6.2% year-on-year rise. Online lottery…
Soccer and MMA drive OR lottery betting growth in June
The Oregon Lottery’s SBTech-powered sportsbook app Score Board has seen revenue and handle growth continue into June, thanks again to the strong performance of soccer,…
MGM Resorts slips to $50.4m loss in first half
MGM Resorts International saw revenue for the first half of 2020 badly hit by the novel coronavirus (Covid-19) pandemic, posting a net loss of $50.4m…
State of the Union: DraftKings, Rush Street, NV and more
This week’s State of the Union, in partnership with Segev LLP, covers DraftKings and Kambi’s decision to cooperate as the operator migrates from Kambi’s platform…
CDI sees revenue plummet and losses rise in first half
Churchill Downs Incorporated (CDI) has reported a year-on-year fall in revenue and a net loss for the first half of 2020, primarily due to the…
Reopened Nevada casinos see revenue fall 45.6% in June
In their first month back after closures due to the novel coronavirus (Covid-19), Nevada casino revenue reached $566.8m, down 45.6% year-on-year, with sportsbooks in the…
HeadsUp resurfaces with igaming acquisition in “final stages”
HeadsUp Entertainment – the former owners of the Canadian Poker Tour – said it is in the “final stage” of negotiations to acquire an online betting and…