News
Arbitrator rules Fox can purchase stake in $22bn-valued FanDuel
An arbitrator in New York has ruled media conglomerate Fox Corporation can exercise an option to acquire a significant stake in Flutter Entertainment-owned FanDuel Group…
DraftKings cuts Q3 losses, but shares plummet as 2023 projections spook market
DraftKings reported a 135.8% revenue increase to $501.9m and reduced losses in Q3, but projections for 2023 have led to its share price tumbling. As…
Fanatics hires Brandt Iden as VP of government affairs
Fanatics Betting and Gaming has hired former Michigan legislator Brandt Iden as its new vice president of government affairs, as the business edges closer to…
Betr secures market access in Indiana
Betr, the new micro-betting business founded by Simplebet co-founder Joey Levy and social media personality Jake Paul, has secured market access in Indiana via a…
Golden Entertainment revenue down, costs up in Q3
Golden Entertainment’s revenue declined to $279.0m in the third quarter of 2022, even though operating costs increased. Gaming made up the majority of revenue, bringing…
Vici aiming to raise $509.9m through common stock offering
Casino real estate investment trust Vici Properties has announced an underwritten public offering of shares with the aim of raising approximately $509.9m. Vici will offer…
Legal online gambling launches in Saskatchewan
Players in Saskatchewan can now legally gamble online after the Canadian province officially opened its regulated market yesterday (3 November). The market’s launch was marked…
Penn Interactive turns profit in October after successful Q3 results
Penn Entertainment has recorded an increase in revenue to $1.65bn (£1.46bn/€1.69bn) for its third quarter 2022 results, while the business revealed its online arm turned…
The road to Betr sports betting
Betr is aiming to make a splash in sports betting, based on a belief that customers are looking for a more simple sports betting product.…
HOFV among latest to secure sports betting approval in Ohio
Hall of Fame Resort & Entertainment Company (HOFV) has become one of the latest operators to secure conditional approval for new online and retail sports betting licenses…
Colorado sports betting handle surpasses $450m in September
Player spending on sports betting in Colorado jumped 10.3% year-on-year in September, while the state also reported a month-on-month rise in both handle and revenue.…
NorthStar Bets scores Ontario partnership with NBA
NorthStar Gaming, operator of the Canada-facing NorthStar Bets brands, has entered into a regional partnership with the National Basketball Association (NBA) in Ontario. Under the…
RSI reduces full-year revenue guidance despite Q3 growth
Rush Street Interactive (RSI) lowered full-year revenue guidance for its 2022 financial year despite having reported growth during the third quarter. The operator said the…
CDI closes $2.75bn Peninsula Pacific Entertainment acquisition
Churchill Downs Incorporated (CDI) has completed its purchase of substantially all assets of Peninsula Pacific Entertainment (P2E) for total consideration of $2.75bn. The acquisition, agreed…
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