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Finance
10th March 2021
Everi swings to loss in 2020 after revenue decline in all segments
Gaming and financial technology business Everi saw revenue drop 28.8% to $383.7m in 2020 after seeing revenue from all channels decline, including a sharp drop…
10th March 2021
Caesars set to complete William Hill acquisition by 1 April
Caesars expects to complete its proposed acquisition of William Hill by 1 April after the bookmaker confirmed all necessary regulatory approvals should be obtained in…
9th March 2021
DraftKings pledges $350,000 International Women’s Day donation
Sports betting giant DraftKings has pledged to donate up to $350,000 to nonprofit organizations across the United States which promote female-owned small businesses and female…
9th March 2021
DraftKings ups long-term EBITDA guidance to $1.7bn
DraftKings has upped its long-term earnings before interest, tax, depreciation and amortisation (EBITDA) guidance from $1bn to $1.7bn, following strong igaming results in 2020. The…
9th March 2021
BettHouse launches new funding round ahead of US debut
Start-up online sports betting operator BettHouse has announced a new funding round ahead of its launch in the US market. BettHouse has secured market access…
9th March 2021
Full House returns to profit despite Covid-19 impact in 2020
US land-based casino operator Full House Resorts has revealed that despite its properties having been impacted by novel coronavirus (Covid-19) closures and restrictions in 2020,…
8th March 2021
Iowa sports betting revenue rockets 920.5% YoY in February
The Iowa Racing and Gaming Commission has reported a 920.5% year-on-year increase in sports betting revenue in February, though both revenue and handle were down…
5th March 2021
Bally’s makes bid to acquire World Poker Tour owner Allied Esports
Allied Esports Entertainment has revealed that Bally’s has submitted a proposal to acquire the business for $100m in cash, stock or both, in a deal…
5th March 2021
AGS revenue down 48.6% in 2020
Gaming technology supplier AGS has released its financial results for the fourth quarter and full year 2020, showing total revenues of $167.0m, down 48.6% from…
4th March 2021
Bally’s slips to full-year loss as Covid-19 pushes revenue down 28.8%
Bally’s Corporation has reported a net loss of $5.5m for its 2020 financial year after the temporary closure of its land-based casinos in the US…
4th March 2021
State of the Union: Las Vegas Sands, Florida, DraftKings and more
This week’s State of the Union, in partnership with Segev LLP, includes Las Vegas Sands’ decision to sell its properties and operations in the US,…
4th March 2021
Pennsylvania iGaming Dashboard – February 2021
Pennsylvania’s igaming market grew again in January, continuing its streak of record monthly revenue into 2021, though online betting revenue slowed because of lower margins.…
3rd March 2021
Sands sells Las Vegas empire for $6.25bn
Land-based gaming giant Las Vegas Sands has agreed to sell all of its Las Vegas properties and operations, in order to shift its focus to…
3rd March 2021
Iowa sports betting dashboard – February 2021
The introduction of online registration helped Iowa’s sportsbooks reach an all-time high in both handle and revenue last month. iGaming Business and Ficom Leisure are…