Finance

29th October 2021

Rhode Island sports betting handle reaches record $41.2m in September

Player spending on sports betting in Rhode Island reached a record $41.2m in September, while the state’s revenue also increased 66.7% year-on-year. Revenue in September…

28th October 2021

PointsBet records Q1 net win increase after strong US performance

Australian operator PointsBet has recorded sports betting and igaming net win figures of AD$69.5m ($52.3m/£38.1m) for its first quarter of 2021-22, ended 30 September. This…

28th October 2021

Scientific Games to sell lottery business to Brookfield for $6.05bn

Scientific Games has entered into a definitive agreement to sell its Lottery business to private equity company Brookfield Business Partners for $6.05bn (£4.40bn/€5.21bn). The deal…

28th October 2021

Vici properties reports 10.6% revenue rise in Q3 results

Casino real estate investment trust Vici has reported a revenue of $375.7m (£273.3m/€324.0m) for its third quarter 2021 results ended 30 September. This is a…

28th October 2021

Gaming growth drives CDI to record revenue and net profit for third quarter

Churchill Downs Incorporated (CDI) saw revenue and net profit reach record levels in the third quarter of its 2021 financial year, primarily due to growth…

27th October 2021

Revenue and profit up at Boyd Gaming in Q3 as Covid-19 recovery continues

Boyd Gaming reported a year-on-year increase in revenue and net profit during the third quarter of its 2021 financial year as easing novel coronavirus (Covid-19)…

26th October 2021

DraftKings terminates Entain talks

DraftKings has announced that it will no longer follow up its interest in Entain. The business said it made the decision after further talks with…

26th October 2021

Gateway Casinos completes $1.25bn debt refinancing deal

Gateway Casinos and Entertainment Limited has finalized the refinancing of its corporate debt in a $1.25bn transaction. The operator of 23 Canadian casinos obtained a…

26th October 2021

Lottery.com forecasts 135% revenue increase in third quarter

Lottery broker and information portal Lottery.com expects revenue to increase by up to 135% quarter-on-quarter in the third quarter of its 2021 financial year, driven…

22nd October 2021

NY selects top mobile betting bidder, as operators could face 64% tax rate

The New York State Gaming Commission has given prospective mobile sports betting operators until 5pm on Monday to amend their proposed tax contributions, after confirming…

21st October 2021

DraftKings VC fund raises $60m for sports tech investments

DraftKings’ venture capital fund – Drive by DraftKings – has announced that it has raised $60m (£43.4m/€51.5m) in its first venture fund round. The funding…

20th October 2021

Online growth drives Pennsylvania gaming revenue up 45.6% year-on-year

Pennsylvania recorded gaming revenue figures of $415.7m for September, representing a 45.6% increase on the same period last year.  Parx Casino was the best performing…

19th October 2021

Penn National Gaming completes theScore acquisition

Penn National Gaming has closed its US$2.0bn cash-and-stock acquisition of Canada-based operator theScore. Penn announced the deal in August, revealing that it planned to migrate…

18th October 2021

Scopely to acquire GSN Games from Sony for $1bn

Mobile social gaming business Scopely has agreed to acquire GSN Games, a division of the Game Show Network, from Sony Pictures Entertainment for $1bn £728.4m/€860.6m).…