Finance

Online gambling operator PointsBet has revealed it raised a total of AU$70.5m (£51.2m/€43.4m/US$51.1m) through the first stage of its fully underwritten entitlement offer. Launched earlier…

US commercial gross gambling revenue (GGR) continued to recover in July as more casinos and other venues reopened following the novel coronavirus (Covid-19) shutdown. Operators…

A total of $79.4m was bet on the 2020 Kentucky Derby, down 52.0% from 2019’s record handle, according to Churchill Downs Incorporated (CDI). Bettors staked…

Online gambling operator PointsBet has surpassed initial expectations by raising AU$200m (£109.9m/€123.0m/US$145.2m) through a share placement. PointsBet last week set out plans to generate $150m,…

This week’s State of the Union, in partnership with Segev LLP, covers William Hill’s acquisition of sportsbook solutions provider CG Technology and the latest sports…

Mobile gaming platform Skillz Inc will go public on the New York Stock Exchange through a merger with special purpose acquisition company Flying Eagle Acquisition…

Basketball icon Michael Jordan is to take an equity interest in DraftKings, in exchange for becoming a special advisor to the operator’s board of directors.…

Online gambling operator PointsBet has set out details of a new capital raising, through which it hopes to generate AU$303m (£166.5m/€187.6m/US222.5m) in additional funds. Announced…

The DC Lottery has revealed that sports wagering revenue in Washington D.C in July amounted to $142,279, after handle for the month rose to $741,450.…

The Rhode Island Lottery saw sports betting revenue grow in July, as the state’s market continued to recover from the novel coronavirus (Covid-19) shutdown. Revenue amounted…

Canadian provincial lottery operator the British Columbia Lottery Corporation (BCLC) said measures implemented during the novel coronavirus (Covid-19) pandemic led to a decline in revenue for…

PointsBet has agreed a deal to become the official sports betting partner of NBC Sports, while the operator has also set out plans to raise…

Sports wagering revenue in Delaware reached just $12,114 in July, in the first figures released by the Delaware Lottery since March, due to disruption caused…

Colorado reported a 9.1% month-on-month increase in sports betting revenue for July, while handle also jumped 55.4%, according to figures released by the Colorado Department…