Finance

18th January 2022

Michigan records combined $1.4bn revenue in 2021

Commercial and tribal online casino operators, combined with online sports betting operators, reported a revenue total of $1.40bn in Michigan throughout 2021. This was the…

12th January 2022

Xpoint secures new investment from Bettor Capital

Bettor Capital, an investment platform focused on the real-money online gambling market, has invested in US-facing geolocation and compliance technology specialist Xpoint. Specific financial details…

6th January 2022

State of the Union: Mississippi, Nevada, BCLC and more

This week’s State of the Union, in partnership with Segev LLP, includes attempts to bring sports betting to Mississippi, a change of leadership at the…

6th January 2022

Nevada sets new betting revenue record as handle reaches $1bn again in November

Sports betting revenue in Nevada reached a new record total of $72.0m, while handle exceeded $1bn for the second consecutive month in November, as total…

6th January 2022

Delaware betting revenue up 34.4% in 2021 but still below 2019 levels

Sports betting revenue in Delaware totaled at $11.2m (£8.3m/€9.9m) for 2021, a year-on-year rise of 34.4% as the state recovered from the effects of the…

10th December 2021

Mohegan reveals Q4 revenue growth as earnings hit record high

Mohegan Gaming and Entertainment (MGE) reported growth in revenue and net profit during the fourth quarter of its 2020-21 financial year, while adjusted EBTIDA reached…

9th December 2021

Illinois smashes betting handle record in October as players wager $840.4m

Illinois became the latest state to set a new monthly handle record in October as consumers wagered a total of $840.4m on sports. This represented…

8th December 2021

Oregon sports betting revenue reaches new heights in November

Oregon’s DraftKings-powered sports betting app generated a record total of $4.4m in revenue in November, up 46.5% from October and 7.6% from November 2020. This…

8th December 2021

Wynn Resorts names Aristocrat’s Cameron-Doe as new CFO

Wynn Resorts has announced the appointment of Julie Cameron-Doe of Aristocrat Leisure as its new chief financial officer. Cameron-Doe will succeed Craig Billings, who was…

7th December 2021

Webis returns to profit in FY2021 as revenue climbs 28.3%

Webis Holdings, the owner of the advance-deposit wagering operator Watchandwager.com, was able to report a net profit of $824,000 in its 2021 financial year, ended…

2nd December 2021

The Game Day targets further growth after $4.5m funding drive

The Game Day, a digital sports media business focused on delivering content to sports fans and sports bettors, has secured $4.5m in Series A financing.…

1st December 2021

IG Group to sell US assets to Crypto.com

Binary options and forex trading business IG Group is to sell its North American Derivatives Exchange (Nadex) business and its 39% stake in Small Exchange…

30th November 2021

Nevada smashes handle record with $1.10bn staked in October

Nevada set a new monthly record for sports betting handle in October, as total gaming revenue across the state grew 48.5% to $1.22bn. The state’s…

30th November 2021

FansUnite reveals 22.5% year-on-year revenue growth in Q3

Sports betting and igaming operator and supplier FansUnite Entertainment posted a 22.5% year-on-year increase in revenue for the third quarter of its 2021 financial year,…