Finance

17th November 2020

Gaming sector “not out of the woods yet”, Galaxy CEO warns

Galaxy Gaming chief executive Todd Cravens warned the gambling industry is still facing headwinds from the novel coronavirus (Covid-19) pandemic, despite the gaming machine supplier…

17th November 2020

Delaware igaming revenue slips to eight-month low in October

The Delaware Lottery reported a 161.6% year-on-year increase in igaming revenue for October, though this was its lowest monthly total since March. Online gambling revenue…

17th November 2020

FanDuel to invest in Illinois racetrack

Flutter Entertainment’s FanDuel Group has announced plans to make a multi-million-dollar investment in Fairmount Park Racetrack in Collinsville, Illinois. The financial terms of the arrangement…

17th November 2020

Tennessee punters stake $27.4m in first week of legal wagering

Bettors in Tennessee wagered $27.4m in the first seven days of legal mobile wagering, according to figures from the state’s Education Lottery, the body responsible for…

17th November 2020

GAN agrees Coolbet deal after strong Q3 revenue growth

Despite an 87.3% year-on-year rise in revenue during the third quarter, GAN saw costs of its expansion effort weigh on its bottom line, while the…

16th November 2020

US GGR improves in Q3 after commercial casino reopenings

The reopening of casinos across the US helped commercial gross gaming revenue (GGR) grow 293.0% quarter-on-quarter in Q3, but continuing novel coronavirus (Covid-19) restrictions on…

16th November 2020

Illinois betting handle doubles but revenue declines in September

Illinois sportsbook handle jumped 117.9% to $305.1m, as FanDuel and DraftKings saw large amounts wagered, but generated little revenue in September. Retail betting handle grew…

16th November 2020

William Hill retains retail lead as D.C. market grows in October

Washington D.C.’s lottery saw stakes grow 27.8% month-over-month in October, though its city-wide mobile offering continues to be outstripped by William Hill’s retail sportsbook at…

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!
13th November 2020

DraftKings raises 2020 guidance following Q3 growth

A third quarter in which revenue grew strongly has prompted DraftKings to raise its full year guidance for 2020, though the operator and technology provider’s…

13th November 2020

NY betting grows in first full month after lockdown

Sports betting revenue from New York’s commercial casinos increased 18.8% year-on-year in October, while the state Gaming Commission also reported significant month-on-month growth/ Gross gaming…

13th November 2020

Apollo Funds to acquire Great Canadian Gaming for CAD$3.3bn

Private equity giant Apollo Global Management has agreed to acquire land-based operator Great Canadian Gaming Corporation in a deal worth more than CAD$3.3bn (US$2.51bn). Under…

12th November 2020

State of the Union: Caesars, Ontario, Indiana and more

This week’s State of the Union, in partnership with Segev LLP, includes results from a variety of land-based operators including Caesars, Full House and Wynn,…

12th November 2020

Cost cutting helps IGT limit Q3 losses

International Game Technology (IGT) said efforts to reduce costs in the third quarter helped limit the business’s net loss, while a strong performance from its…

11th November 2020

Detroit commercial casinos post $101.4m in revenue for October

Detroit’s three commercial casinos reported $101.4m in revenue for October, including $7.6m from sports betting, while the Michigan Gaming Control Board has approved the renewal…

iGB North America Magazine Issue 45

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