Finance
Delaware betting revenue up 34.4% in 2021 but still below 2019 levels
Sports betting revenue in Delaware totaled at $11.2m (£8.3m/€9.9m) for 2021, a year-on-year rise of 34.4% as the state recovered from the effects of the…
Mohegan reveals Q4 revenue growth as earnings hit record high
Mohegan Gaming and Entertainment (MGE) reported growth in revenue and net profit during the fourth quarter of its 2020-21 financial year, while adjusted EBTIDA reached…
Illinois smashes betting handle record in October as players wager $840.4m
Illinois became the latest state to set a new monthly handle record in October as consumers wagered a total of $840.4m on sports. This represented…
Oregon sports betting revenue reaches new heights in November
Oregon’s DraftKings-powered sports betting app generated a record total of $4.4m in revenue in November, up 46.5% from October and 7.6% from November 2020. This…
Wynn Resorts names Aristocrat’s Cameron-Doe as new CFO
Wynn Resorts has announced the appointment of Julie Cameron-Doe of Aristocrat Leisure as its new chief financial officer. Cameron-Doe will succeed Craig Billings, who was…
Webis returns to profit in FY2021 as revenue climbs 28.3%
Webis Holdings, the owner of the advance-deposit wagering operator Watchandwager.com, was able to report a net profit of $824,000 in its 2021 financial year, ended…
The Game Day targets further growth after $4.5m funding drive
The Game Day, a digital sports media business focused on delivering content to sports fans and sports bettors, has secured $4.5m in Series A financing.…
IG Group to sell US assets to Crypto.com
Binary options and forex trading business IG Group is to sell its North American Derivatives Exchange (Nadex) business and its 39% stake in Small Exchange…
Nevada smashes handle record with $1.10bn staked in October
Nevada set a new monthly record for sports betting handle in October, as total gaming revenue across the state grew 48.5% to $1.22bn. The state’s…
FansUnite reveals 22.5% year-on-year revenue growth in Q3
Sports betting and igaming operator and supplier FansUnite Entertainment posted a 22.5% year-on-year increase in revenue for the third quarter of its 2021 financial year,…
Webis expects return to profit with revenue set to climb 28.3% in FY2021
Webis Holdings, the owner of the advance-deposit wagering operator Watchandwager.com, has forecast a net profit of $824,000 in its 2021 financial year following an anticipated…
Iowa sports betting dashboard: November 2021
Iowa’s sportsbook operators reported a combined handle of $280.8m in October, up by 33.5% as mobile revenue gains were offset by a decline in retail.…
PNG launches scholarship program to increase diversity in STEM
Penn National Gaming has announced the launch of a new Science, Technology, Engineering and Mathematics (STEM) scholarship program in partnership with Historically Black Colleges and…
State of the Union: New Jersey, Sportradar, DraftKings and more
This week’s State of the Union, in partnership with Segev LLP, includes some strong financial performances in the third quarter for companies and states alike,…