Finance

30th June 2021

Nevada revenue grows as Covid-19 controls relax

In the wake of Nevada casinos’ capacity increasing to 80% in May, state gaming revenue grew 18.9% month-over-month. Total gaming revenue for May came to…

30th June 2021

Mississippi sports betting revenue reaches $3.9m in May

Sports wagering revenue in Mississippi rocketed by 4,333.8% year-on-year to $3.9m in May, while the US state’s handle also jumped 15,175.0% to $36.1m. Mississippi’s land-based…

29th June 2021

Everi launches $400m notes offering

Land-based and digital casino content provider Everi has announced its intent to offer $400.0m (£288.9m/€336.1m) in aggregate principal amount of senior unsecured notes in a…

29th June 2021

Rhode Island sportsbook revenue falls in May

Rhode Island posted sportsbook revenue of $2.8m for May, representing a 12.5% decrease from the previous month.  However, compared to the same period last year…

24th June 2021

Quarter4 closes round of seed funding after raising $1.6m

Quarter4 – which uses AI to offer predictive sports data and analytics for sports, media and betting businesses – has announced the closure of its latest…

24th June 2021

State of the Union: Canada, Wire Act, Sports Illustrated and more

This week’s State of the Union, in partnership with Segev LLP, is highlighted by passage of a bill to allow single-event sports wagering in Canada.…

24th June 2021

DoubleU Games to seek new underwriter for DoubleDown IPO

Korean social gaming operator DoubleU Games has terminated its contract with the underwriter responsible for listing its DoubleDown Interactive subsidiary on the Nasdaq exchange, and…

23rd June 2021

Exchange start-up Sporttrade receives $36m in funding

Philadelphia-based sports betting exchange Sporttrade has raised $36m worth of funding through a coalition of investors including major figures from both gaming and finance. Former…

22nd June 2021

Everi enjoys continued profit growth in Q2 2021

Casino and financial technology company Everi has expects a rise of 344.4% in revenue year-on-year in its second quarter of 2021, as the business saw…

22nd June 2021

Tennessee Lottery surpasses $2bn in annual revenue for first time

The Tennessee Education Lottery (TEL) has surpassed $2bn in total annual revenue for the 2021 fiscal year as of June 15, marking the first time…

22nd June 2021

Codere Online to spin off and go public on Nasdaq with $350m SPAC deal

Codere Group has announced plans to spin off its Codere Online business, with the new publicly listed company to be traded on the US Nasdaq…

21st June 2021

DC betting revenue dips in May but wagers grow

Washington DC sports betting revenue came in at $2.0m in May, an decrease of 3.7% from $2.1m in April, even though the district experienced a…

17th June 2021

Pennsylvania sets igaming revenue record again in May

Pennsylvania set yet another record in online casino revenue in May, as operators brought in $98.6m, up 76.7% from May 2020, and 10.9% ahead of…

17th June 2021

New York sports betting revenue reaches $1.6m in May

Commercial sports betting revenue in New York amounted to $1.6m in May, an increase of 23.1% from the total generated in April. Year-on-year comparisons were…