Finance

5th August 2022

RSI remains on track for long-term earnings goals despite increased Q2 losses

Rush Street Interactive (RSI) said it still expects to achieve its longer-term earnings targets despite posting an increased net loss and negative adjusted earnings before…

5th August 2022

DraftKings reduces loss for first time in Q2

DraftKings has raised its earnings guidance for the year after its net loss declined on a year-on-year basis for the first time since going public,…

4th August 2022

Slots M&A the right way

The world of gambling has been dominated by mergers and acquisitions in recent years, with slots studios especially liable to be snapped up. Cole Rush…

4th August 2022

Bally’s revises full-year projections downwards after H1 results

Bally’s revised both its revenue and earnings projections downwards following its Q2 results, in which the acquisition of Gamesys among other businesses helped boost revenue…

4th August 2022

Hornbuckle hints at further global expansion as MGM revenue hits $6.12bn in H1

MGM Resorts chief executive Bill Hornbuckle suggested the business may look to expand further into new territories after its deal to acquire LeoVegas closes, after…

3rd August 2022

Caesars posts $692.0m digital loss in first half despite Q2 improvement

Caesars Entertainment posted a $692.0m net loss for its digital division in the first half of its 2022 financial year, despite the business experiencing an…

28th July 2022

CDI looks to acquire after land sale boosts profit in Q2

Churchill Downs Incorporated (CDI) posted record revenue for the second quarter of 2022 following the recovery of its live and historical racing segment, while it…

20th July 2022

Connecticut online casino revenue dips in June

Gross gaming revenue (GGR) for online casino in Connecticut came to $16.2m (£13.5m/€15.8m) in June. Before promotions were deducted, the revenue was $20.9m. Online casino…

29th June 2022

FansUnite approved for Toronto stock exchange listing

FansUnite Entertainment has received conditional approval to list its shares on the Toronto Stock Exchange (TSX). The Vancouver-headquartered sports betting and igaming operator and supplier…

27th May 2022

Nevada gaming revenue up year-on-year in April, but down from March

Gaming revenue in the state of Nevada was up 8.6% year-on-year to $1.13bn in April, though this total was 16.8% less than in March. Slots…

12th May 2022

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

This week’s State of the Union, in partnership with Segev LLP includes a host of first quarter results, the debut of legal fixed-odds horse racing…

12th May 2022

New Jersey iGaming Dashboard: March 2022

Online gaming revenue in New Jersey came to $140.7m in March, up 23.7% from the same month in 2021, while sports betting handle exceeded $1bn.…

3rd May 2022

Rhode Island betting stakes rise 18.6% year-on-year in March

Sports betting stakes in Rhode Island totaled at $45.7m for March (£36.4m/€43.3m), up by 8.5% month-on-month and 18.6% from March 2021. This brought the year-to-date…

27th April 2022

Iowa iGaming Dashboard- March 2022

Online and mobile sports betting gross gaming revenue (GGR) increased by 57.4% month-on-month in March, while handle also rose. Total online and mobile sports betting…