Finance
State of the Union: Canada, Wire Act, Sports Illustrated and more
This week’s State of the Union, in partnership with Segev LLP, is highlighted by passage of a bill to allow single-event sports wagering in Canada.…
DoubleU Games to seek new underwriter for DoubleDown IPO
Korean social gaming operator DoubleU Games has terminated its contract with the underwriter responsible for listing its DoubleDown Interactive subsidiary on the Nasdaq exchange, and…
Exchange start-up Sporttrade receives $36m in funding
Philadelphia-based sports betting exchange Sporttrade has raised $36m worth of funding through a coalition of investors including major figures from both gaming and finance. Former…
Everi enjoys continued profit growth in Q2 2021
Casino and financial technology company Everi has expects a rise of 344.4% in revenue year-on-year in its second quarter of 2021, as the business saw…
Tennessee Lottery surpasses $2bn in annual revenue for first time
The Tennessee Education Lottery (TEL) has surpassed $2bn in total annual revenue for the 2021 fiscal year as of June 15, marking the first time…
Codere Online to spin off and go public on Nasdaq with $350m SPAC deal
Codere Group has announced plans to spin off its Codere Online business, with the new publicly listed company to be traded on the US Nasdaq…
DC betting revenue dips in May but wagers grow
Washington DC sports betting revenue came in at $2.0m in May, an decrease of 3.7% from $2.1m in April, even though the district experienced a…
Pennsylvania sets igaming revenue record again in May
Pennsylvania set yet another record in online casino revenue in May, as operators brought in $98.6m, up 76.7% from May 2020, and 10.9% ahead of…
New York sports betting revenue reaches $1.6m in May
Commercial sports betting revenue in New York amounted to $1.6m in May, an increase of 23.1% from the total generated in April. Year-on-year comparisons were…
New Jersey gambling revenue rises again in May
Gambling revenue in New Jersey increased 290.4% year-on-year to $374.2m in May, while the monthly total was also 6.4% higher than in April of this…
Michigan online gambling revenue edges down in May
The Michigan Gaming Control Board (MGCB) reported a second consecutive month of online gambling revenue decline in May, with the $114.3m generated during the month…
Indiana sports betting revenue declines despite higher handle in May
Revenue from sports betting in Indiana fell 5.5% month-on-month to $18.9m in May despite the US state experiencing a 7.6% increase in its handle to…
Illinois betting revenue dips slightly in April despite retail improvement
Sports betting revenue in the state of Illinois dipped 1.2% month-on-month to $43.6m in April, as handle declined by 14.4%. The $43.6m in revenue came…
Delaware igaming revenue down in May despite 125.6% hike in spend
Online gambling revenue in Delaware declined 17.3% year-on-year to $910,282 in May despite player spending more than doubling to $26.7m. Revenue was down from $1.1m…