Finance

26th February 2021

DraftKings ends 2020 with strong Q4 showing as revenue grows 98%

DraftKings’ full-year revenue for 2020 finished up 49.0%, after the daily fantasy and sports betting operator ended the year by almost doubling revenue in the…

26th February 2021

Combined Caesars-Eldorado business loses $2.72bn in first year

The combined Caesars-Eldorado business, now trading as Caesars Entertainment, brought in $6.10bn in 2020, down 42.5% from 2019’s combined revenue, and posted a $2.72bn loss…

26th February 2021

Colorado sports betting reaches new heights with record January

Colorado set new sports betting and handle records in January, with more than $1.5bn having been wagered in the US state since its regulated market…

25th February 2021

Nevada sportsbooks enjoy strong start to 2021

Nevada gaming revenue improved month-over-month in January, though lagged behind prior year levels, while the state’s sportsbooks posted strong figures for the month.  January revenue…

25th February 2021

Ex-MGM CEO Murren targets gaming industry with second SPAC

Former MGM Resorts chief executive Jim Murren has launched a second special purpose acquisition company (SPAC), Acies Acquisition II, with plans to acquire a gaming…

25th February 2021

theScore sets pricing for IPO at $27 per share

Score Media and Gaming (theScore) has announced the pricing of the public offering of its Class A subordinate voting shares in the United States and…

25th February 2021

CDI swings to 2020 loss despite Q4 recovery

Racetrack and gaming operator Churchill Downs Incorporated (CDI) made a loss of $81.9m in 2020 as revenue dropped 207% to $1.05bn, but the business experienced…

24th February 2021

Churchill Downs to sell Illinois’ Arlington Racecourse site

Churchill Downs Incorporated has launched the process to sell the Arlington International Racecourse in Arlington Heights, Illinois, with plans for the new owner to redevelop…

ICE North America Webinar Series – The Road Back

With American casinos beginning to reopen, questions still remain about the roadmap to long-term recovery. The Road Back four-part webinar series will examine measures and best practices to guide land-based operators and suppliers, as you work with your customers, your teams and your partners to provide a safe betting and gaming experience in the 'new normal' environment.

Register Now!
23rd February 2021

theScore moves ahead with US IPO plans

Canada’s Score Media and Gaming (theScore) has launched a public offering of Class A shares in the US and Canada, which it aims to list…

22nd February 2021

Lottery.com set for $45m growth fund when Trident deal closes

Lottery broker and information portal Lottery.com will go public on the Nasdaq exchange after reaching a definitive agreement for a merger with special purpose acquisition…

18th February 2021

US commercial gaming revenue plummets to lowest mark since 2003

The American Gaming Association (AGA) has revealed that total commercial gross gaming revenue in the US in 2020 came to $29.98bn, the lowest figure since…

18th February 2021

State of the Union: Canada, Michigan, New Jersey and more

This week’s State of the Union, in partnership with Segev LLP, includes efforts to introduce single-event wagering in Canada, January sports betting and igaming revenue…

18th February 2021

NJ smashes sports betting and igaming revenue records in January

New Jersey set a new sports betting revenue record in January, while the state also became the first in the US to see monthly online…

17th February 2021

Boyd swings to 2020 loss as revenue drops 34.5%

Boyd Gaming Corporation saw revenue decline 34.5% year-on-year in 2020, as the fourth-quarter recovery of regional casinos wasn’t enough to prevent the operator slipping to…

iGB North America Magazine Issue 45

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