Finance

17th February 2021

Illinois betting revenue drops despite record handle in December

Illinois sports bettors set another new record for handle in December at $491.7m, up 9.0% from the prior month despite almost no retail activity, but…

15th February 2021

Oregon Lottery Scoreboard revenue doubles in January

The Oregon Lottery’s sports betting brand, Scoreboard, brought in $3.87m in gross gaming revenue (GGR) for January 2021, up 119.4%, from total betting turnover of…

12th February 2021

Indiana breaks betting revenue and handle records in January

Indiana set new sports betting revenue and handle records in January, according to the latest monthly results published by the Indiana Gaming Commission. Adjusted gross…

12th February 2021

theScore begins share consolidation ahead of potential US listing

Canadian betting and media business theScore has commenced a consolidation of its outstanding Class A shares and special voting shares, ahead of a potential listing…

11th February 2021

MGM looks to diversify operations following difficult 2020

MGM Resorts lost $1.03bn in 2020 as revenue fell 60.0% to $5.16bn, while chief executive Bill Hornuckle said it would continue efforts to expand its…

11th February 2021

Detroit casino revenue down 24.3% in January

Revenue from Detroit’s three commercial casinos declined 24.3% year-on-year in January as the facilities continued to face capacity limits due to the ongoing novel coronavirus…

10th February 2021

Red Rock sees losses widen after Covid-19 hit in 2020

Casino operator Red Rock Resorts saw revenue fall 36.3% year-on-year in 2020, and its net loss widen, due to the 79-day statewide shutdown and subsequent…

8th February 2021

Wynn to raise $630.6m through new share sale

Wynn Resorts expects to raise around $630.6m as it launches an underwritten public offering of 5.5m shares of its common stock, with an option to…

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!
8th February 2021

Golden Nugget Online Gaming GGR up 65.8% in 2020

Golden Nugget Online Gaming (GNOG) reported a 65.8% year-on-year rise in gross gaming revenue for 2020 to between $101.0m and $102.0m, in its first results…

5th February 2021

Wynn posts $2.07bn net loss as Covid-19 takes its toll in 2020

Wynn Resorts International has posted a $2.07bn net loss for its 2020 financial year after the enforced closure of its casino properties due to the…

4th February 2021

State of the Union: Penn National Gaming, PointsBet, Google and more

This week’s State of the Union, in partnership with Segev LLP, covers the start of annual results season – with Penn National Gaming and PointsBet…

4th February 2021

Penn National posts $669.5m loss as Covid-19 drives revenue drop in 2020

Penn National Gaming (PNG) has reported a $669.5m net loss for 2020, primarily due to a sharp decline in revenue caused by the novel coronavirus…

4th February 2021

Pennsylvania Gaming Dashboard – January 2021

For the fifth consecutive month Pennsylvania’s igaming market hit a new high in December, with the final month of last year’s 15.2% revenue rise the…

2nd February 2021

PlayStudios to go public with $1.1bn valuation

Free-to-play mobile gaming business PlayStudios is to merge with special purpose acquisition company Acies Acquisition Corporation to list on the Nasdaq Stock Exchange.  Founded in…

iGB North America Magazine Issue 45

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