Finance

27th September 2021

MGM to take over operations as Blackstone sells Cosmopolitan for $5.65bn

Private equity giant Blackstone has opted to sell The Cosmopolitan in Las Vegas for $5.65bn, with MGM Resorts taking over operations, while Cherng Family Trust,…

27th September 2021

Kentucky Lottery sees sales rise 12.4% in July and August

The Kentucky Lottery’s board of directors has announced that sales for the first two months of its 2022 financial year – July and August –…

27th September 2021

Delaware igaming revenue reaches year-high in August

Online gaming revenue in Delaware reached a year-high of $945,512 in August, despite player spending slipping to its lowest monthly total since April. Revenue was…

22nd September 2021

Flutter agrees $300m Kentucky settlement

PokerStars owner Flutter Entertainment has agreed to pay a $200m settlement to the Commonwealth of Kentucky, bringing an end to the long-running legal dispute between…

21st September 2021

Entain confirms takeover proposal from DraftKings

Entain has confirmed that it has received a takeover proposal from US betting giant DraftKings. However it said there was “no certainty” that a firm…

21st September 2021

Boom Entertainment closes on real-money entry after $15m funding round

Boom Entertainment will accelerate its expansion into real-money products after closing a $15m funding round that included Sands Capital, Robert Kraft and leading gambling operators.…

17th September 2021

Fantasy app Sleeper closes new $40m fundraising round

Fantasy sports group Sleeper has closed a $40m (€34.0m/£29.0m) fundraising round after doubling its user base so far during 2021. The round featured all prior…

17th September 2021

New Jersey sports handle passes 2020 total in August

New Jersey has generated more sports betting wagers so far this year than the whole of 2020, with the state breaking the $6bn mark by…

14th September 2021

Detroit casino revenue dips to $113.8m in August

Michigan’s three commercial casinos in Detroit brought in a combined $113.8m in revenue in August, down 2.7% from July. The figure was up 64.2% from…

14th September 2021

Sporttrade taps Nasdaq for trading integrity tech

Betting exchange Sporttrade is to utilize Nasdaq technology to identify irregularities and unusual behavior on its soon-to-be-launched sports betting and trading platform. The operator said…

14th September 2021

Indiana records year-on-year betting revenue and handle increases

The state of Indiana achieved sports wagering revenue figures of $16.5m for the month of August, representing a 68.4% increase on the same period last…

10th September 2021

Illinois records month-on-month revenue decrease as handle falls

The state of Illinois has recorded sports betting revenue of $37.6m for July, representing a 20.8% decrease from June’s total.  Overall handle collected in July…

10th September 2021

Audit finds DC Lottery sports betting app “fails to meet expectations”

An audit carried out by the Office of the District of Columbia Auditor (ODCA) has concluded that the DC Lottery’s sportsbook product GamBet has performed…

9th September 2021

Underdog Fantasy to expand into betting with GOAT Gaming acquisition

Fantasy sports platform Underdog – which is backed by a number of high-profile names in US sport – has acquired sportsbook technology platform GOAT Gaming,…