Finance

20th January 2022

State of the Union: DraftKings, BetMGM, New York and more

This week’s State of the Union, in partnership with Segev LLP, includes DraftKings entering the Washington market, BetMGM’s 2022 revenue forecast, and Michigan’s revenue performance…

20th January 2022

BetMGM predicts $1.3bn revenue, but negative earnings, for 2022

Sports betting and online gaming operator BetMGM expects net revenue of more than $1.3bn in 2022, according to a performance update released today (January 19).…

18th January 2022

Michigan’s online revenue hits $1.40bn in first year

Michigan’s online betting and gaming market generated gross revenue of $1.40bn in 2021, with igaming contributing the bulk of the total. Since the market launched…

12th January 2022

Xpoint secures new investment from Bettor Capital

Bettor Capital, an investment platform focused on the real-money online gambling market, has invested in US-facing geolocation and compliance technology specialist Xpoint. Specific financial details…

6th January 2022

State of the Union: Mississippi, Nevada, BCLC and more

This week’s State of the Union, in partnership with Segev LLP, includes attempts to bring sports betting to Mississippi, a change of leadership at the…

6th January 2022

Nevada sets new betting revenue record as handle reaches $1bn again in November

Sports betting revenue in Nevada reached a new record total of $72.0m, while handle exceeded $1bn for the second consecutive month in November, as total…

6th January 2022

Delaware betting revenue up 34.4% in 2021 but still below 2019 levels

Sports betting revenue in Delaware totaled at $11.2m (£8.3m/€9.9m) for 2021, a year-on-year rise of 34.4% as the state recovered from the effects of the…

10th December 2021

Mohegan reveals Q4 revenue growth as earnings hit record high

Mohegan Gaming and Entertainment (MGE) reported growth in revenue and net profit during the fourth quarter of its 2020-21 financial year, while adjusted EBTIDA reached…

9th December 2021

Illinois smashes betting handle record in October as players wager $840.4m

Illinois became the latest state to set a new monthly handle record in October as consumers wagered a total of $840.4m on sports. This represented…

8th December 2021

Oregon sports betting revenue reaches new heights in November

Oregon’s DraftKings-powered sports betting app generated a record total of $4.4m in revenue in November, up 46.5% from October and 7.6% from November 2020. This…

8th December 2021

Wynn Resorts names Aristocrat’s Cameron-Doe as new CFO

Wynn Resorts has announced the appointment of Julie Cameron-Doe of Aristocrat Leisure as its new chief financial officer. Cameron-Doe will succeed Craig Billings, who was…

7th December 2021

Webis returns to profit in FY2021 as revenue climbs 28.3%

Webis Holdings, the owner of the advance-deposit wagering operator Watchandwager.com, was able to report a net profit of $824,000 in its 2021 financial year, ended…

2nd December 2021

The Game Day targets further growth after $4.5m funding drive

The Game Day, a digital sports media business focused on delivering content to sports fans and sports bettors, has secured $4.5m in Series A financing.…

1st December 2021

IG Group to sell US assets to Crypto.com

Binary options and forex trading business IG Group is to sell its North American Derivatives Exchange (Nadex) business and its 39% stake in Small Exchange…