Finance
Nevada gambling revenue reaches $1.28bn in October
Gambling revenue in Nevada amounted to $1.28bn in October, marking the 20th consecutive month in which revenue has exceeded $1.0bn in the US state. Revenue…
Webis Holdings considers M&A activity to support future growth
Webis Holdings, the owner of the advance-deposit wagering operator Watchandwager.com, said it would consider pursuing M&As and new alliances to support future growth plans, with…
BetMGM to fund research on impact of ads on gambling harm
BetMGM has pledged $180,000 to support the International Center for Responsible Gaming (ICRG) and its ongoing research and education initiatives. The grant will be used…
Bally’s closes $500m sale leaseback with private equity firm
Bally’s has closed a deal worth up to $500m (£423.3m/€488.1m) with a real estate private equity firm in Chicago, wherein the firm acquired the 30-acre…
NFL’s Jets call on court to appoint receiver after Fubo Gaming default
NFL franchise the New York Jets have filed for a court to appoint a receiver for dissolved betting operator Fubo Gaming, claiming that the business…
AGA: Q3 US gaming revenue hits record $15bn
US gaming revenue reached a record $15.17bn (£13.31bn/ € 15.1bn) in Q3, an all-time quarterly high, according to the American Gaming Association’s (AGA) Commercial Gaming…
Inspired warns of “significant” cost-cutting as Q3 revenue and profit fall
Virtuals and gaming equipment provider Inspired Entertainment is set to cut costs in its leisure division after the business reported $74.9m (£69.6m/€79.2m) in revenue for…
Playtika revenue ebbs up but operating costs rise faster in Q3
Social gaming provider Playtika recorded revenue of $647.8m (£564.1m/€643.6m) in the third quarter of the year, up by 1.9% compared to Q3 2021. Robert Antokol, CEO…
Analysts divided on potential value of FanDuel IPO after court ruling
Analysts are divided on the value that may come from a potential FanDuel IPO, after a court ruling left the hopes of a potential spin-off…
DraftKings cuts Q3 losses, but shares plummet as 2023 projections spook market
DraftKings reported a 135.8% revenue increase to $501.9m and reduced losses in Q3, but projections for 2023 have led to its share price tumbling. As…
Golden Entertainment revenue down, costs up in Q3
Golden Entertainment’s revenue declined to $279.0m in the third quarter of 2022, even though operating costs increased. Gaming made up the majority of revenue, bringing…
Vici aiming to raise $509.9m through common stock offering
Casino real estate investment trust Vici Properties has announced an underwritten public offering of shares with the aim of raising approximately $509.9m. Vici will offer…
Penn Interactive turns profit in October after successful Q3 results
Penn Entertainment has recorded an increase in revenue to $1.65bn (£1.46bn/€1.69bn) for its third quarter 2022 results, while the business revealed its online arm turned…
RSI reduces full-year revenue guidance despite Q3 growth
Rush Street Interactive (RSI) lowered full-year revenue guidance for its 2022 financial year despite having reported growth during the third quarter. The operator said the…