Finance

12th October 2021

Sharp Alpha Advisors raises $10m for betting tech startups

Sports betting startup firm Sharp Alpha Advisors has announced the closing of Sharp Alpha Fund I, a $10.0m venture capital fund that will be invested…

8th October 2021

NFL return helps boost Oregon’s September betting revenue

Oregon’s Scoreboard sports betting app brought in revenue of $1.2m in September, up 18.4% compared to August but down 17.5% year-on-year. Handle was recorded at…

7th October 2021

Bettor Capital completes initial investment fund

Bettor Capital, an investment platform focused on the real-money online gambling market, has announced the initial closing of its investment fund, the proceeds of which…

7th October 2021

Canadian government approves Penn-theScore deal

The Minister of Canadian Heritage has given Penn National Gaming approval under the Investment Canada Act to acquire Toronto-based operator theScore. Penn agreed to acquire…

6th October 2021

Intema raises $10m to fund Loot.Bet deal

Gaming technology company Intema has announced the completion of a second tranche of its non-brokered private placement of subscription receipts, totaling $4.2m, in order to…

5th October 2021

Esports betting operator Rivalry’s shares begin trading on TSX Venture Exchange

Sports betting and media company Rivalry Corp – which operates Isle of man-licensed esports betting site Rivalry.gg – has listed its subordinate voting shares on…

30th September 2021

Nevada gaming revenue passes $1bn for six consecutive month in August

Nevada gaming revenue hit $1.17bn in August, the sixth month in a row that the state has reported a ten-figure total, and a significant improvement…

29th September 2021

Churchill Downs sells Arlington Racecourse site to Chicago Bears for $200m

Churchill Downs Incorporated (CDI) has signed a purchase and sale agreement with NFL side Chicago Bears, which will see the latter obtain property in Arlington…

27th September 2021

MGM to take over operations as Blackstone sells Cosmopolitan for $5.65bn

Private equity giant Blackstone has opted to sell The Cosmopolitan in Las Vegas for $5.65bn, with MGM Resorts taking over operations, while Cherng Family Trust,…

27th September 2021

Kentucky Lottery sees sales rise 12.4% in July and August

The Kentucky Lottery’s board of directors has announced that sales for the first two months of its 2022 financial year – July and August –…

27th September 2021

Delaware igaming revenue reaches year-high in August

Online gaming revenue in Delaware reached a year-high of $945,512 in August, despite player spending slipping to its lowest monthly total since April. Revenue was…

22nd September 2021

Flutter agrees $300m Kentucky settlement

PokerStars owner Flutter Entertainment has agreed to pay a $200m settlement to the Commonwealth of Kentucky, bringing an end to the long-running legal dispute between…

21st September 2021

Entain confirms takeover proposal from DraftKings

Entain has confirmed that it has received a takeover proposal from US betting giant DraftKings. However it said there was “no certainty” that a firm…

21st September 2021

Boom Entertainment closes on real-money entry after $15m funding round

Boom Entertainment will accelerate its expansion into real-money products after closing a $15m funding round that included Sands Capital, Robert Kraft and leading gambling operators.…