Finance

4th August 2020

IGT revenue falls 48.4% in second quarter

The novel coronavirus (Covid-19) pandemic has hit International Game Technology (IGT) hard in the second quarter of 2020, with revenue dropping 48.4% and the business…

4th August 2020

AGA report: Michigan casinos worth $6.3bn annually to state

Michigan’s 27 combined commercial and tribal casinos have an annual economic impact of $6.3bn for the state, according to a new report from the American Gaming…

4th August 2020

PA Lottery generates $1.14bn for seniors in 2019-20

The Pennsylvania Lottery generated profits of $1.14bn for programs that benefit the state’s senior citizens in its 2019-20 fiscal year, the ninth consecutive year in…

3rd August 2020

Kentucky lottery revenue grows to $1.20bn in 2019-20

The Kentucky Lottery Corporation took in record revenue of $1.20bn in its 2020 fiscal year ended 30 June 2020, a 6.2% year-on-year rise. Online lottery…

3rd August 2020

Soccer and MMA drive OR lottery betting growth in June

The Oregon Lottery’s SBTech-powered sportsbook app Score Board has seen revenue and handle growth continue into June, thanks again to the strong performance of soccer,…

31st July 2020

MGM Resorts slips to $50.4m loss in first half

MGM Resorts International saw revenue for the first half of 2020 badly hit by the novel coronavirus (Covid-19) pandemic, posting a net loss of $50.4m…

30th July 2020

State of the Union: DraftKings, Rush Street, NV and more

This week’s State of the Union, in partnership with Segev LLP, covers DraftKings and Kambi’s decision to cooperate as the operator migrates from Kambi’s platform…

30th July 2020

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…

ICE North America Webinar Series – The Road Back

With American casinos beginning to reopen, questions still remain about the roadmap to long-term recovery. The Road Back four-part webinar series will examine measures and best practices to guide land-based operators and suppliers, as you work with your customers, your teams and your partners to provide a safe betting and gaming experience in the 'new normal' environment.

Register Now!
29th July 2020

Reopened Nevada casinos see revenue fall 45.6% in June

In their first month back after closures due to the novel coronavirus (Covid-19), Nevada casino revenue reached $566.8m, down 45.6% year-on-year, with sportsbooks in the…

29th July 2020

HeadsUp resurfaces with igaming acquisition in “final stages”

HeadsUp Entertainment – the former owners of the Canadian Poker Tour – said it is in the “final stage” of negotiations to acquire an online betting and…

29th July 2020

theScore sees Q3 revenue drop in “period of unprecedented challenge”

TheScore has seen revenue fall 71.8% year-on-year in the three months to May 31, in a period which chief executive John Levy described as an…

29th July 2020

Boyd Q2 revenue falls 75% after Covid-19 closures

Regional casino operator Boyd Gaming saw revenue for the quarter ending 31 June collapse by 75.2% due to the novel coronavirus (Covid-19) outbreak, as the…

29th July 2020

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…

29th July 2020

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%.…

iGB North America Magazine Issue 44

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