Finance
Cost cutting helps Red Rock post Q3 profit
Casino operator Red Rock Resorts said that despite third quarter revenue falling 24.2% year-on-year, l0wer costs helped it post a profit for the period Net…
Record igaming performance drives PA revenue up in September
Aa record performance from Pennsylvania’s online gambling market in September helped push overall market revenue in the state up 1.1% year-on-year. Total revenue for September…
Delaware igaming revenue grows again in September
Online gambling revenue in Delaware climbed 118.3% year-on-year to $840,146 in September, the second consecutive month of growth for the market. The month-on-month increase comes…
NJ revenue up in September as sports wagers reach $748.6m
The New Jersey Division of Gaming Enforcement (NJDGE) has reported a 6.5% year-on-year in increase in gambling revenue for September, aided by ongoing growth in…
State of the Union: New Jersey, Scientific Games, Virginia and more
This week’s State of the Union, in partnership with Segev LLP, includes a record month for sports betting handle in New Jersey, new sports betting…
PointsBet raises AU$70.5m via initial entitlement offer
Online gambling operator PointsBet has revealed it raised a total of AU$70.5m (£51.2m/€43.4m/US$51.1m) through the first stage of its fully underwritten entitlement offer. Launched earlier…
PointsBet exceeds expectations with AU$200m placement
Online gambling operator PointsBet has surpassed initial expectations by raising AU$200m (£109.9m/€123.0m/US$145.2m) through a share placement. PointsBet last week set out plans to generate $150m,…
PointsBet launches AU$303m fundraising drive
Online gambling operator PointsBet has set out details of a new capital raising, through which it hopes to generate AU$303m (£166.5m/€187.6m/US222.5m) in additional funds. Announced…
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Read now!RI sports betting revenue rises in July
The Rhode Island Lottery saw sports betting revenue grow in July, as the state’s market continued to recover from the novel coronavirus (Covid-19) shutdown. Revenue amounted…
Covid-19 closures push revenue down at BCLC in FY19-20
Canadian provincial lottery operator the British Columbia Lottery Corporation (BCLC) said measures implemented during the novel coronavirus (Covid-19) pandemic led to a decline in revenue for…
State of the Union: DraftKings, Covid-19, Puerto Rico and more
This week’s State of the Union, in partnership with Segev LLP, includes DraftKings’ first financial statements since its merger with SBTech and public listing on…
Iowa sports betting revenue up to $2.2m in July
Sports betting revenue in Iowa increased to $2.2m in July as the state continued to recover from the novel coronavirus (Covid-19) shutdown of sports and…
Golden Ent exceeds expectations despite 69.4% Q2 revenue drop
Golden Entertainment said results since reopening “have exceeded expectations”, despite a 69.4% drop in revenue to $76.0m in the three months to 30 June and…
AGS losses soar in second quarter
Gaming technology supplier AGS’s revenue fell 77.5% to $16.8m as its losses increased almost six-fold for the three months ending 30 June. Gaming operations revenue…
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