Finance
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
CDI closes $2.75bn Peninsula Pacific Entertainment acquisition
Churchill Downs Incorporated (CDI) has completed its purchase of substantially all assets of Peninsula Pacific Entertainment (P2E) for total consideration of $2.75bn. The acquisition, agreed…
CDI posts record earnings in Q3 as P2E acquisition edges closer
Churchill Downs Incorporated (CDI) reported record adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) in the third quarter, while the operator revealed that its…