Finance

3rd February 2023

Boyd eyes online growth after record revenue and earnings in FY22

Boyd Gaming set out plans to expand its online and sports betting segments to drive further growth in the year ahead after reporting record revenue…

2nd February 2023

Higher costs offset revenue growth at Penn in FY22

Land-based and mobile gaming operator Penn Entertainment reported a year-on-year drop in net profit for its 2022 financial year after higher costs offset revenue growth…

1st February 2023

Nevada gambling revenue reaches record $14.84bn in 2022

Gambling revenue in Nevada amounted to a record $14.84bn in the 2022 calendar year, with land-based slots accounting for more than two thirds of the…

26th January 2023

BetMGM targets $2.0bn net revenue in 2023 after exceeding FY targets

BetMGM, the joint venture between Entain and MGM Resorts International, is “confident” of achieving up to $2.00bn in net revenue in 2023 after exceeding financial…

24th January 2023

Michigan online gambling revenue reaches $1.98bn in 2022

Gross receipts from online sports betting and internet casino games in Michigan amounted to $1.98bn in 2022, a 41.4% year-on-year increase. The yearly total, comprising…

23rd January 2023

Caesars Entertainment proposes $1.25bn senior notes offering

Caesars Entertainment has announced plans to offer $1.25bn aggregate principal amount of senior secured notes due 2030 in a private placement to qualified institutional buyers.…

19th January 2023

Pennsylvania smashes gambling revenue records in 2022

Pennsylvania set a number of new annual gambling revenue records during 2022, with total gaming revenue for the state reaching an all-time high of $5.21bn.…

19th January 2023

Bally’s to cut 15% of North American interactive workforce

Operator Bally’s Corporation is to cut 15% of the workforce from its North America interactive division as part of a restructuring plan for the business…

18th January 2023

New Jersey gambling revenue matches $5.21bn record in 2022

Gambling revenue in New Jersey reached a joint-record $5.21bn in 2022, despite a decline in sports betting revenue. Revenue was 10.0% higher than $4.74bn during…

11th January 2023

Detroit casinos post gaming and sports betting revenue drops in 2022

Detroit’s three land-based commercial casinos reported a year-on-year decline in gaming revenue for 2022, with revenue down across both slots and tables games and sports…

20th December 2022

Greentube acquires 40% stake in Flamingocatz in latest US push

Novomatic subsidiary Greentube has acquired a 40% stake in Flamingocatz, with the goal of increasing its focus on North America. Greentube said that the two…

20th December 2022

Pennsylvania smashes igaming revenue record again in November

Online casino revenue in Pennsylvania hit a new record-high for the second consecutive month in November, while total gambling revenue in the state increased year-on-year.…

19th December 2022

New Jersey gambling revenue edges up 0.3% in November

The New Jersey Division of Gaming Enforcement (NJDGE) reported a marginal 0.3% year-on-year increase in gambling revenue for November, despite further declines in sports betting.…

15th December 2022

PlayStar receives $15m growth investment

PlayStar has received a $15m (£12.1m/€14.1m) equity investment from Meyer Global Management, which will support the operator in its US expansion and further growth plans.…