Finance

12th May 2021

Indiana betting revenue and handle rocket YoY but down from March

The sports betting market in Indiana saw handle come to $236.4m in April, a 25% decrease from March, but a 798.7% increase compared to the…

12th May 2021

Bragg Gaming enters US market with $30m Spin Games acquisition

Gaming technology provider Bragg Gaming has acquired Nevada-based B2B gaming content provider Spin Games, signaling the company’s first foray into the US market.  The deal…

12th May 2021

Playtika raises full-year guidance after revenue growth in Q1

Social gaming giant Playtika has raised its full-year revenue and earnings guidance after experiencing an increase in revenue during the first quarter of its 2021…

12th May 2021

US commercial gambling revenue reaches record-equalling $11bn in Q1

US commercial gambling revenue reached $11bn for the first quarter of 2021, making it the industry’s joint highest-grossing quarter ever, according to statistics released by…

12th May 2021

Detroit casino revenue reaches $109m in April

The three land-based casinos in Detroit, Michigan generated $109.0m in revenue in April, with $1.5m of this coming from sports betting. Year-on-year comparisons were not…

11th May 2021

Sports IQ raises $7m in seed funding as leading sports execs invest

Sports betting technology supplier Sports IQ has raised $7m in series seed funding, with the intention to invest it into live sports betting services and…

11th May 2021

Lottery growth sees IGT return to profit in Q1 as revenue exceeds $1bn

International Game Technology (IGT) posted a net profit of $92m in the first quarter of its 2021 financial year, after growth within its lottery business…

11th May 2021

Illinois betting handle smashes records again in March

Sports wagering revenue in Illinois grew 25.1% month-on-month to $44.3m in March, while handle hit a record high of $627.6m, up 23.1%. FanDuel remained on…

11th May 2021

Paysafe reports Q1 revenue increase but losses also grow

Payments platform Paysafe saw a $17.7m rise in revenue in Q1 year on year to $377.4m, but also saw $2.0m net loss increase because of…

11th May 2021

Wynn Resorts records Q1 revenue decrease but lower costs shrink losses

Wynn Resorts recorded revenue figures of $725.8m (£514.2m/€597.1m) for the first quarter of 2021, representing a 23.9% decrease from this time last year.  Casino revenue…

11th May 2021

Colorado sports wagers reach $2.34bn in first year of regulation

Consumers in Colorado wagered a total of $2.34bn on sports during the first year of legal wagering in the state, while gross gaming revenue in…

11th May 2021

“Structural changes” lead to revenue growth at Full House in Q1

Full House Resorts put a 36.8% year-on-year increase in Q1 revenue year down to structural changes within the business, while the land-based casino operator was…

10th May 2021

Bally’s posts Q1 revenue increase but losses rise because of non-operating costs

Bally’s Corporation has posted revenue figures of $192.3m (£135.9m/€158.1m) for the first quarter of 2021, representing a 76.3% increase from this time last year.  Gaming…

10th May 2021

Lottery and digital offset low machine sales as SG cuts Q1 losses

Gambling technology giant Scientific Games  saw revenue grow and losses decline in the first quarter of 2021. Growth in its lottery, digital and social gaming segments…