Finance
State of the Union: IN, IA, NY, MD, WA and more
This week’s State of the Union, in partnership with Segev LLP, covers the latest figures from a range of sports betting markets, as well regulatory…
Detroit casino revenue reaches $121.7m in February
Commercial casinos in Detroit, Michigan, generated $121.7m in revenue during February, a year-on-year increase of 6.3%. The February amount also represents an increase of 1.5% from…
Indiana sports betting market breaks handle record in February
Indiana’s regulated sports betting market reported a 9.6% month-on-month rise in handle in February, breaking the record set in January thanks largely to continued online…
Retail losses hit Iowa sports betting market in February
Iowa has reported net receipts of $755,334 from its sports betting licensees in February, down 76.6% month-over-month, after losses in the retail channel offset marginal…
Ainsworth finalises acquisition of MTG Gaming
Australian gaming machines and content provider Ainsworth Game Technology (AGT) has completed the acquisition of MTD Gaming in a deal worth up to US$26m. AGT…
NY sports betting market hits new low in February
New York’s four commercial casinos have reported losses of $179,593 from sports betting in February, with del Lago the only venue to actually generate revenue…
Judge rules SBTech-Oregon Lottery contract must be disclosed
A Circuit Court judge in Oregon has ruled that SBTech must disclose the terms of its contract with the state’s lottery to provide sports betting…
State of the Union: OR, NV, Churchill Downs and more
This week’s State of the Union, in partnership with Segev LLP, looks at the The Oregon State Lottery’s projected $5m loss for 2019, Nevada’s latest…
AGS halves losses in 2019 thanks to strong Q4
Gaming technology supplier AGS cut its losses in half for 2019, as revenue increased 6.8% to $304.7m with the help of a profitable fourth quarter.…
IGT reduces net loss despite revenue decline in 2019
International Game Technology (IGT) has announced a lower net loss in 2019, despite also reporting a year-on-year decline in consolidated revenue for the year. Consolidated…
Oregon sportsbook set for first year loss
The Oregon Lottery’s SBTech-powered sportsbook, Scoreboard, is set to lose more than $5m for the first nine months of the state’s fiscal year. The Oregon…
Nevada sports betting revenue reaches $20.2m in January
Sports wagering revenue in Nevada climbed 36.0% year-on-year to $20.2m in January, while statewide casino gaming revenue was also up 5.5% to $1.04bn. Players spent…
Twin River Lincoln drives RI sports revenue growth in January
Rhode Island’s sports betting market saw revenue soar in January 2020 thanks to a strong performance from the Twin River casino in Lincoln. Total revenue…
Expanded casino estate boosts CDI revenue in 2019
Churchill Downs Incorporated’s net revenue for 2019 increased 33.0% to $1.33bn, thanks mostly to the building and acquisition of new casinos, though this expansion also…