Casino

2nd March 2020

Nevada sports betting revenue reaches $20.2m in January

Sports wagering revenue in Nevada climbed 36.0% year-on-year to $20.2m in January, while statewide casino gaming revenue was also up 5.5% to $1.04bn. Players spent…

27th February 2020

Expanded casino estate boosts CDI revenue in 2019

Churchill Downs Incorporated’s net revenue for 2019 increased 33.0% to $1.33bn, thanks mostly to the building and acquisition of new casinos, though this expansion also…

26th February 2020

Caesars Entertainment slips to $1.20bn net loss in 2019

Caesars Entertainment Corporation (CEC) reported a slight increase in revenue for 2019, though fair value changes in its convertible notes led to the operator posting…

24th February 2020

Eldorado secures further regulatory approval for Caesars acquisition

US casino operator Eldorado Resorts has secured approval from the Mississippi Gaming Commission to proceed with its pending acquisition of Caesars Entertainment. Eldorado in June…

20th February 2020

State of the Union: PA, MGM, Maine and more

This week’s State of the Union, in partnership with Segev LLP, covers a new record month for New Jersey sportsbooks and a major increase in…

19th February 2020

Pennsylvania sports betting revenue soars in January

The Pennsylvania Gaming Control Board (PGCB) has reported a 16.9% year-on-year rise in gambling revenue for January, aided by growing contributions from igaming and sports…

18th February 2020

Alabama governor creates gambling policy study group

Kay Ivey, governor of Alabama, has issued an executive order to create a “study group” to investigate the effects of gambling reform in the state.…

17th February 2020

Loto Quebec revenue falls in Q3 as key verticals struggle

Loto Quebec’s revenue fell 11.1% to $685.6m as a lack of larger jackpots slashed lottery revenue, while revenue from other verticals also declined in the…

14th February 2020

Detroit Casinos bring in $120m in January

Detroit’s three commerical casinos brought in $120m in revenue in January 2020, up 7.1% year-on-year, as revenue from each casino increased. This revenue figure was…

14th February 2020

MGM on the hunt for new CEO as Murren announces departure

MGM Resorts International has announced that its chairman and chief executive officer Jim Murren is to step down, bringing to an end almost 12 years…

14th February 2020

MGM revenue increases beyond $12bn in 2019

Revenue at MGM resorts increased 9.6% year-on-year while the sale of the Bellagio resort boosted profits as the operator continues to pivot its business model…

11th February 2020

Twin River income declines despite 2019 revenue growth

Twin River Worldwide Holdings saw revenue rise 19.8% to an estimated $523.6m, but net income declined 23.7% to $51.4m after increased financial costs, according to…

10th February 2020

Hard Rock Casino launches live slots

Hard Rock Casino has launched live slot games on its website in partnership with Softweave, in what the operator said is an industry first. The…

7th February 2020

PNG net income declines despite revenue increase in 2019

Penn National Gaming (PNG) has reported a 53.1% year-on-year decline in net income for 2019 despite reporting a 47.8% increase in revenue for the year.…