Finance

9th September 2020

PointsBet raises AU$70.5m via initial entitlement offer

Online gambling operator PointsBet has revealed it raised a total of AU$70.5m (£51.2m/€43.4m/US$51.1m) through the first stage of its fully underwritten entitlement offer. Launched earlier…

9th September 2020

Betting & igaming contribution to US gambling grows in July

US commercial gross gambling revenue (GGR) continued to recover in July as more casinos and other venues reopened following the novel coronavirus (Covid-19) shutdown. Operators…

7th September 2020

2020 Kentucky Derby brings in $79.4m in wagers

A total of $79.4m was bet on the 2020 Kentucky Derby, down 52.0% from 2019’s record handle, according to Churchill Downs Incorporated (CDI). Bettors staked…

4th September 2020

PointsBet exceeds expectations with AU$200m placement

Online gambling operator PointsBet has surpassed initial expectations by raising AU$200m (£109.9m/€123.0m/US$145.2m) through a share placement. PointsBet last week set out plans to generate $150m,…

3rd September 2020

State of the Union: William Hill, Washington DC, PointsBet and more

This week’s State of the Union, in partnership with Segev LLP, covers William Hill’s acquisition of sportsbook solutions provider CG Technology and the latest sports…

2nd September 2020

Skillz to go public on NYSE through SPAC

Mobile gaming platform Skillz Inc will go public on the New York Stock Exchange through a merger with special purpose acquisition company Flying Eagle Acquisition…

2nd September 2020

Michael Jordan takes equity interest in DraftKings

Basketball icon Michael Jordan is to take an equity interest in DraftKings, in exchange for becoming a special advisor to the operator’s board of directors.…

2nd September 2020

PointsBet launches AU$303m fundraising drive

Online gambling operator PointsBet has set out details of a new capital raising, through which it hopes to generate AU$303m (£166.5m/€187.6m/US222.5m) in additional funds. Announced…

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!
2nd September 2020

DC sports betting revenue reaches $142,279 in July

The DC Lottery has revealed that sports wagering revenue in Washington D.C in July amounted to $142,279, after handle for the month rose to $741,450.…

1st September 2020

RI sports betting revenue rises in July

The Rhode Island Lottery saw sports betting revenue grow in July, as the state’s market continued to recover from the novel coronavirus (Covid-19) shutdown. Revenue amounted…

1st September 2020

Covid-19 closures push revenue down at BCLC in FY19-20

Canadian provincial lottery operator the British Columbia Lottery Corporation (BCLC) said measures implemented during the novel coronavirus (Covid-19) pandemic led to a decline in revenue for…

28th August 2020

PointsBet pens NBC Sports deal, plans AU$300m capital raise

PointsBet has agreed a deal to become the official sports betting partner of NBC Sports, while the operator has also set out plans to raise…

27th August 2020

Delaware sports betting revenue slumps to $12k in July

Sports wagering revenue in Delaware reached just $12,114 in July, in the first figures released by the Delaware Lottery since March, due to disruption caused…

27th August 2020

Colorado sees sports betting revenue and handle rise in July

Colorado reported a 9.1% month-on-month increase in sports betting revenue for July, while handle also jumped 55.4%, according to figures released by the Colorado Department…

iGB North America Magazine Issue 44

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