Finance

7th October 2022

Caesars closes new $3.0bn senior secured credit facilities

Caesars Entertainment has announced the closing of $3.0bn in new senior secured credit facilities. The facilities include a $750.0m senior secured term loan and a…

29th September 2022

Nevada gaming revenue slips in August

Nevada’s gambling revenue topped $1.20bn (£1.09bn/€1.23bn) in August, up by 3.5% year-on-year. However, this was down 8.1% from July. As usual, slots made up a…

27th September 2022

Bally’s moves onto Las Vegas Strip as Tropicana acquisition closes

Gaming operator Bally’s Corporation has completed its $148m (£137.4/ €153.8) acquisition of the Tropicana Las Vegas Hotel and Casino from Gaming & Leisure Properties (GLPI)…

14th September 2022

Detroit casino revenue makes year-on-year recovery in August

The Michigan Gaming Control Board (MGCB) reported that Detroit’s three casinos generated $106.1m in revenue in August, down by 1.0% compared to July, but up…

30th August 2022

Revenue hits CA$162m in Ontario’s first quarter of regulated igaming

Ontario’s igaming revenue for the quarter ending June 30 came to CA$162m (£106.1m/€123.9m), the first quarter on record after the market opened in April this…

18th August 2022

Penn exercises options to acquire remainder of Barstool

Penn Entertainment – the business formerly known as Penn National Gaming – has exercised its option to acquire all remaining shares of media brand Barstool…

18th August 2022

MGM Resorts Foundation gives $2.0m to non-profit organizations

MGM Resorts Foundation, the charitable arm of MGM Resorts International, has awarded almost $2.0m worth of grants to non-profit organizations around the US. Funds were…

18th August 2022

Pennsylvania gambling revenue edges up in July despite land-based declines

Gambling revenue in Pennsylvania increased by 1.3% year-on-year in July despite declines across several areas within the US state’s land-based market. Total revenue for the…

17th August 2022

New Jersey sports betting continues to struggle in July

Gambling revenue increased 6.7% year-on-year in New Jersey during July despite a further decline in the US state’s sports betting market. Total revenue for the…

16th August 2022

Bally’s donates $600,000 to International Center for Responsible Gaming

Bally’s Corporation has donated $600,000 to the International Center for Responsible Gaming (ICRG) to support ongoing research into gambling among young adults and the effectiveness…

12th August 2022

US commercial gaming revenue reaches record $14.81bn in Q2

Commercial gaming revenue in the US amounted to $14.81bn during the second quarter, a new record for the industry, according to the American Gaming Association…

11th August 2022

Mohegan breaks EBITDA record with with final covid restrictions removed

Mohegan recorded revenue of $417.0m (£341.2m/€403.2) in its third quarter 2021-22 results, the first quarter since the beginning of the Covid-19 pandemic where it had…

10th August 2022

Wynn Resorts’ Q2 net loss widens to $213.4m

Wynn Resorts posted $908.8m in revenue from its Q2 operations, a decrease of 8.2%, while its loss grew to $213.4m as the effects of restrictions…

5th August 2022

DraftKings’ Robins urges lower expectations for Canada

Jason Robins, co-founder, chairman and CEO of DraftKings, said that the operator’s launch in Canada has gone “as expected”, as the business had lower expectations…