Finance
Nevada sets sports handle record for 2019
Sports bettors in Nevada wagered a record $5.32bn, up 6.1% from 2018’s previous record. The state’s casinos took in a total of $12.03bn in revenue…
Investment view: Getting started
In the first of a new series, Clairvest Group’s Mohit Kansal provides operators looking to enter the US a guide to launching in the market.…
Penn National names Apple’s David Williams as new CFO
Penn National Gaming has appointed David William, a Apple executive, as its new chief financial officer and executive vice president with effect from March 3.…
State of the Union: NJ, NY, PA, Detroit and more
In this week’s State of the Union, in partnership with Segev LLP, the two states to benefit most from the repeal of PASPA post their…
Mississippi sportsbook revenue declines despite increased handle
Mississippi casinos made $3.5m in revenue from sports betting in December, its lowest figure since August and down 43.7% year-on-year, despite handle rising 17.5% to $49.1m.…
Detroit commercial casinos post record $1.45bn in annual revenue
The three commercial casinos in Detroit, Michigan, posted a record $1.45bn in adjusted gross revenue for the 12 months to December 31, 2019. Combined adjusted…
Eldorado wins Louisiana approval for Caesars acquisition
Casino operator Eldorado Resorts has secured approval from the Louisiana Gaming Control Board to proceed with its pending acquisition of Caesars Entertainment Corporation. Announced in…
PA sports betting handle hits $1.26bn in first half of FY19-20
Players in Pennsylvania spent a total of $1.26bn on legal sports wagering in the first half of the state’s 2019-20 financial year, while revenue for…
State of the Union: NJ, IN, IA, NY, ME and more
This week’s State of the Union, in partnership with Segev LLP, covers the latest revenue figures from a number of states, as well as a…
Delaware igaming revenue reaches $3.6m in 2019
Licensed online gaming operators in Delaware generated $3.6m in revenue for 2019, an increase of 38.5% on the previous year. Players spent a total of…
Indiana iGaming Dashboard – January 2020
Indiana’s sports betting market broke both turnover and revenue records last month as the newly licensed market continued to gain traction. iGaming Business and Ficom…
NJ sports wagering handle reaches $4.58bn in 2019
Players wagered a total of $4.58bn in New Jersey over the course of 2019, with operators generating revenue of $299.4m for the year. The revenue…
Iowa iGaming Dashboard – January 2020
Despite turnover remaining steady at the end of last year, Iowa’s licensed sportsbooks saw a sharp fall in revenues. iGaming Business and Ficom Leisure…
Maverick Gaming purchases Eldorado Shreveport Casino for $230m
Maverick Gaming will buy the Eldorado Casino and Resort in Shreveport, Louisiana from Eldorado Resorts for $230 million. For Eldorado, the deal will allow the…