Financial
CDI sees revenue plummet and losses rise in first half
Churchill Downs Incorporated (CDI) has reported a year-on-year fall in revenue and a net loss for the first half of 2020, primarily due to the…
RI sports betting revenue reaches $18.7m in FY2020
Rhode Island’s legal sports betting market generated $18.7m in revenue during the state’s 2019-20 financial year, despite the final four months of the period being…
Colorado’s sports betting revenue rises to $2.2m in June
The Colorado Department of Revenue has reported a month-on-month rise in sports wagering revenue in June, while player spending on betting also increased by 48.8%.…
Massachusetts Lottery sees revenue and profit fall in FY 2020
The Massachusetts State Lottery has reported a year-on-year decline in revenue and net profit for the 2020 fiscal year, primarily due to the impact of…
Iowa sports betting market continues to recover in June
Figures released by the Iowa Racing and Gaming Commission show that sports betting revenue in the state amounted to $620,740 in June, an increase of…
PlayAGS faces class action lawsuit over securities purchases
A class action lawsuit has been filed against PlayAGS after the gaming technology supplier was accused of failing to disclose information about its business, operations…
Galaxy sees Q1 revenue fall 15.9% amid Covid-19 closures
Table games supplier Galaxy Gaming has reported a 15.9% year-on-year decline in revenue for the first quarter of 2020, primarily due to the closure of…
RI sees mobile betting improve in May
Sports wagering revenue in Rhode Island slumped 71.6% year-on-year in May as the state continued to feel the impact of the novel coronavirus (Covid-19) crisis,…
DoubleDown Interactive targets $200m as IPO launches
Social casino giant DoubleDown Interactive has announced the lunch of its initial public offering (IPO) in the US and revealed that it could raise more…
Delaware igaming revenue hits new high in May
The Delaware Lottery was announced that online gaming revenue in the state’s regulated market reached $1.1m in May, its highest total for 2020 to date.…
Covid-19 closures continue to hit NJ revenue in May
Enforced casino closures and the suspension of sporting events due to the novel coronavirus (Covid-19) pandemic led to a further year-on-year drop in gambling revenue…
Delaware reports igaming revenue rise for April
The Delaware Lottery has revealed a 39.0% year-on-year rise in online gambling revenue for April, aided by a hike in new registrations over the month.…
Covid-19 disruption erodes NJ revenue in April
The New Jersey Division of Gaming Enforcement has reported a 68.9% year-on-year drop in gaming revenue for April, after the novel coronavirus (Covid-19) pandemic shut…
Michigan casino revenue down 39.2% in opening four months
The Michigan Gaming Control Board has revealed that revenue generated by the three commercial casinos in Detroit was down 39.2% year-on-year during the four months…