News

7th November 2022

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…

4th November 2022

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…

4th November 2022

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…

4th November 2022

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…

4th November 2022

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…

4th November 2022

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…

4th November 2022

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…

3rd November 2022

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…

3rd November 2022

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.…

3rd November 2022

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…

3rd November 2022

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.…

3rd November 2022

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…

3rd November 2022

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…

2nd November 2022

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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