Finance
Penn Q2 revenue collapses amid Covid-19 closures
Penn National Gaming’s revenue for the second quarter of 2020 fell 76.9% as venue closures across the country led to a $213.9m loss for the period,…
Covid-19 closures push Red Rock to $223.7m loss in H1
Casino operator Red Rock Resorts said the enforced closure of its properties due to the novel coronavirus (Covid-19) pandemic was the main reason behind a…
Boyd Q2 revenue falls 75% after Covid-19 closures
Regional casino operator Boyd Gaming saw revenue for the quarter ending 31 June collapse by 75.2% due to the novel coronavirus (Covid-19) outbreak, as the…
GAN sees revenue and profit decline in first quarter
GAN has reported a year-on-year drop in revenue and profit for the first quarter, primarily due to the impact of the novel coronavirus (Covid-19) pandemic…
Covid-19 impairment charges see IGT post Q1 loss
International Game Technology (IGT)’s revenue declined 17.9% to $940.2m in the first quarter of 2020, while a $296m impairment charge related to the effects of…
Scientific Games Q1 revenue declines amid Covid-19
Scientific Games saw revenue decline 13.0% to $725m and losses increase to $159m as the novel coronavirus (Covid-19) hit the business in terms of both…
State of the Union: SBTech-DraftKings, Nevada, Tennessee and more
This week’s state of the union, in partnership with Segev LLP, covers approval from Diamond Eagle Acquisition Corp. for the acquisition of DraftKings and SBTech,…
PointsBet Q3 revenue more than doubles due to US, Aus growth
PointsBet took in net win revenue of AUD$18.7m (£9.7m/€11.2m/US$12.2m) in the third quarter of its fiscal year, up 139.7%, as its business in both Australia…
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Read now!DEAC shareholders approve SBTech-DraftKings merger
Shareholders of Diamond Eagle Acquisition Corp. have approved the acquisitions of DraftKings and SBTech and the public listing of the new entity. At a shareholders’…
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…
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…
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…
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.…
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…
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