revenue
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…
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…
Caesars returns to profit in Q1 despite revenue drop
Caesars Entertainment Corporation (CEC) reported $123m in comprehensive profit for the first quarter of 2020, despite experiencing a year-on-year drop in revenue due to enforced…
Wynn slips to loss in Q1 due to Covid-19 closures
Casino operator Wynn Resorts has put a net loss of $402.0m in the first quarter primarily down to the temporary closure of its sites in…
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,…
Impairment expenses push CDI to loss in Q1
Churchill Downs Incorporated (CDI) has posted a net loss of $23.4m for the first quarter, primarily due to write-downs of business assets. Net revenue in…
Covid-19 cuts into Nevada gaming revenue in March
The closure of Nevada’s casinos from 17 March as a result of the novel coronavirus (Covid-19) pandemic has resulted in gaming revenue falling 39.6% year-on-year,…
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…
Net loss reaches $14.6m for theScore in H1
Canadian media business theScore has revealed that an increase in spending, mainly related due to its expansion efforts in North America, led to it posting…
Delaware sports betting revenue down in March
The Delaware Lottery has reported a year-on-year fall in sports betting revenue for March, but the $571,486 generated by operators during the month was higher…
PA gambling revenue halves in March amid Covid-19 shutdowns
The Pennsylvania Gaming Control Board (PGCB) saw gambling revenue in the state more than half in March due to the widespread shutdown of casinos and…
State of the Union: New Jersey, SG, Tennessee and more
This week’s state of the union, in partnership with Segev LLP, includes the effect of Covid-19 on sports betting revenue figures in New Jersey, Delaware,…