Finance

26th March 2020

Boyd withdraws dividend after Covid-19 closures

Land-based gaming operator Boyd Gaming has suspended its quarterly cash dividend due to the continued effects of the novel coronavirus (Covid-19) pandemic. The decision came…

17th March 2020

Galaxy Gaming suspends payments from closed casinos

Casino table game supplier Galaxy Gaming has suspended billing any casinos that have closed due to the outbreak of the novel coronavirus disease (Covid-19). The…

12th March 2020

Mounting costs lead DraftKings to 2019 loss

DraftKings’ revenue increased year-on-year for 2019 and but losses widened, as its merger with SBTech approaches, but the operator remains confident of seeing earnings exceed…

5th March 2020

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.…

10th February 2020

West Virginia sports betting revenue hits $2.2m in January

Licensed gambling operators in the state of West Virginia generated a collective $2.2m in sports wagering revenue in January, with mobile the most popular form…

3rd February 2020

GAN files with SEC for US listing

Gambling software provider GAN has submitted a draft registration statement to the Securities and Exchange Committee (SEC) to publicly list its stock on an American…

8th January 2020

DraftKings reveals $114.1m loss in SBTech merger statement

Diamond Eagle Acquisition Corp – the special purpose acquisition company formed as part of DraftKings and SBTech’s merger – has filed a registration document revealing…

6th January 2020

GAN operator revenue skyrockets thanks to US growth

Gambling software supplier GAN’s gross operator revenue increased 171.3% year-on-year to $315.6m in 2019 thanks to the growth of legal gambling in the US, according…

May 13-14, 2020 | New Orleans, LA, USA

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15th November 2019

NJ continues to break sports betting records in October

Licensed sports betting operators in New Jersey generated $46.4m in collective revenue for October, representing yet another new record total for the state, with market…

14th November 2019

Forex gains boost IGT Q3 profit as revenue dips

International Game Technology (IGT) has reported a marginal decline in revenue of $1.15bn (£895.7m/€1.04bn) for the third quarter of 2016, 0.3% below last year’s figure,…

14th November 2019

Delaware sports betting soars in October

Licensed sports wagering operators in Delaware generated a collective $1.7m in revenue in October, up by 287.1% on the same month last year. October was…

8th November 2019

PlayAGS slips to loss despite revenue increase in third quarter

Gaming technology supplier PlayAGS has posted a net loss of $5.5m for the third quarter, despite also reporting an increase in revenue for the period.…

6th November 2019

Caesars swings to Q3 loss after Rio sale despite revenue rise

Caesars Entertainment reported a 2.3% revenue increase to $2.24bn for the third quarter of 2019, but the operator swung to a loss due to impairment…

8th October 2019

WV sports betting revenue continues to climb in September

West Virginia’s sports betting market experienced further growth in four weeks to  September 28, as licensed operators reported combined revenue of $3.8m for the period. Punters…

iGB North America Magazine Issue 41

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