Finance

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…

1st February 2021

Golden Nugget parent to go public through SPAC combination 

Fertitta Entertainment, the parent company of Golden Nugget operator Landry’s, is to list its shares on the New York Stock Exchange through a merger with…

1st February 2021

Sportech agrees to sell Bump 50:50 to Canadian Banknote

Betting technology supplier Sportech has agreed to sell its Bump Worldwide business, which includes the Bump 50:50 brand, to currency printing business Canadian Banknote for…

29th January 2021

Casino closures hit Rhode Island betting market in December

The closure of Rhode Island’s two casinos for much of December led to the state’s sportsbook handle and revenue falling during the month.  The Bally’s…

28th January 2021

State of the Union: Las Vegas Sands, Monkey Knife Fight, NY and more

This week’s State of the Union, in partnership with Segev LLP, includes Las Vegas Sands’ announcement of its new permanent chief executive following Sheldon Adelson’s…

28th January 2021

Covid impact leads Las Vegas Sands to $2.18bn loss in 2020

Las Vegas Sands made a loss of more than $2bn with revenue falling 73.7% to $3.61bn for 2020, as new chief executive Robert Goldstein announced…

27th January 2021

Scientific Games hires new investor relations lead

Scientific Games has named Jim Bombassei as senior vice president of investor relations, in a dual role that also covers its free-to-play gaming subsidiary SciPlay…

27th January 2021

Tennessee sports betting handle jumps to $180.9m in December

The Tennessee Education Lottery (TEL) has published sports betting figures for December, the second month of legalized wagering in the US state, during which revenue…

26th January 2021

Everi swings to loss following Covid-19 disruption in 2020

Casino content and financial technology provider Everi Holdings expects 2020 revenue to fall by up to 27.8% year-on-year, and to post a net loss, after…

26th January 2021

Colorado sets new sports betting handle record in December

The Colorado Department of Revenue has reported a new monthly sports betting handle record for December, but also revealed a decline in gross gaming revenue…

25th January 2021

Full House expects Q4 earnings growth despite revenue dip

Full House Resorts expects revenue for the fourth quarter of 2020 fall year-on-year, though earnings are set to grow significantly, as it prepares to significantly…

22nd January 2021

High hold helps MS betting revenue double in December

A 14.04% win percentage saw Mississippi’s sports betting revenue more than double year-on-year in December 2020.  Amounts wagered were up 12.7% from December 2019 at…