Finance

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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,…

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…

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…