Finance

18th November 2021

State of the Union: New Jersey, Sportradar, DraftKings and more

This week’s State of the Union, in partnership with Segev LLP, includes some strong financial performances in the third quarter for companies and states alike,…

18th November 2021

Mississippi sports betting handle hits all-time high of $83.5m in October

Mississippi consumers wagered a record $83.5m on sports in October, while the state’s revenue reached its highest total since October 2019. Revenue for the month…

18th November 2021

New Jersey smashes betting handle record with $1.30bn in October

Sports betting revenue hit an all-time high in New Jersey during October as players spent a record $1.30bn wagering on sports, while online casino revenue…

17th November 2021

Pennsylvania gaming revenue reaches record high in October

Pennsylvania operators enjoyed a record breaking month in October, with total market revenue jumping 33.0% year-on-year to with $425.9m. Parx Casino led the way in…

17th November 2021

Strong US performance helps Sportradar revenue increase in Q3

Sports data supplier Sportradar has recorded revenue figures of €136.8m ($158.7m/£115.1m) for the third quarter of 2021, representing a 29.9% increase on the same period…

17th November 2021

New York gaming revenue grows but betting revenue down in October

The New York Gaming Commission has recorded gaming revenue figures of $60.4m for October, representing a 54.1% increase on the same time last year.  October’s…

17th November 2021

DraftKings secures Kansas market access with Boot Hill Casino

DraftKings has entered into a sports betting deal with the manager of Boot Hill Casino, allowing it to enter the Kansas online betting market if…

16th November 2021

GGR declines despite turnover increase for Elys in Q3

Elys Game Technology reported a gross gaming revenue (GGR) of $10.3m, a decrease of 9.3% year-on-year, despite turnover rising in the third quarter of 2021.…

15th November 2021

Playmaker turns a profit in Q3 following Yardbarker acquisition

Sports media company Playmaker has recorded revenue figures of $4.8m for the third quarter of 2021, after not generating revenue in the corresponding period in…

15th November 2021

PlayStar high-profile hires continue with Acroud’s Vadenbring appointed CFO

Online casino operator PlayStar has appointed Gustav Vadenbring, previously of Acroud, as its new chief financial officer. Due to begin his role on January 10,…

12th November 2021

Indiana breaks handle record in October but revenue dips month-on-month

The Indiana Gaming Commission has set a new record for handle with $461.1m in the month of October, a 29.7% increase on the previous record…

12th November 2021

Wynn scraps interactive spinoff as it changes marketing strategy

Wynn Resorts and Austerlitz Acquisition Corporation I have cancelled the deal that would have seen the Wynn Interactive subsidiary spin off, merge with Austerlitz and…

12th November 2021

B2C drives revenue growth at GAN in Q3 but net loss widens

Online gaming software provider GAN reported a 213.6% year-on-year increase in revenue in the third quarter of its 2021 financial year, but its net loss…

11th November 2021

RSI raises full-year revenue guidance after Q3 growth

Rush Street Interactive (RSI) has raised its full-year revenue guidance after reporting year-on-year growth during the third quarter of its 2021 financial year. Revenue for…