Finance

30th November 2022

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…

29th November 2022

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…

28th November 2022

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…

21st November 2022

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…

11th November 2022

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…

9th November 2022

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…

9th November 2022

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…

9th November 2022

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…

7th November 2022

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…

4th November 2022

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…

4th November 2022

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…

4th November 2022

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…

3rd November 2022

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…

3rd November 2022

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…