Finance
Michigan online gambling revenue reaches $1.98bn in 2022
Gross receipts from online sports betting and internet casino games in Michigan amounted to $1.98bn in 2022, a 41.4% year-on-year increase. The yearly total, comprising…
Caesars Entertainment proposes $1.25bn senior notes offering
Caesars Entertainment has announced plans to offer $1.25bn aggregate principal amount of senior secured notes due 2030 in a private placement to qualified institutional buyers.…
Pennsylvania smashes gambling revenue records in 2022
Pennsylvania set a number of new annual gambling revenue records during 2022, with total gaming revenue for the state reaching an all-time high of $5.21bn.…
Bally’s to cut 15% of North American interactive workforce
Operator Bally’s Corporation is to cut 15% of the workforce from its North America interactive division as part of a restructuring plan for the business…
New Jersey gambling revenue matches $5.21bn record in 2022
Gambling revenue in New Jersey reached a joint-record $5.21bn in 2022, despite a decline in sports betting revenue. Revenue was 10.0% higher than $4.74bn during…
Detroit casinos post gaming and sports betting revenue drops in 2022
Detroit’s three land-based commercial casinos reported a year-on-year decline in gaming revenue for 2022, with revenue down across both slots and tables games and sports…
Greentube acquires 40% stake in Flamingocatz in latest US push
Novomatic subsidiary Greentube has acquired a 40% stake in Flamingocatz, with the goal of increasing its focus on North America. Greentube said that the two…
Pennsylvania smashes igaming revenue record again in November
Online casino revenue in Pennsylvania hit a new record-high for the second consecutive month in November, while total gambling revenue in the state increased year-on-year.…
New Jersey gambling revenue edges up 0.3% in November
The New Jersey Division of Gaming Enforcement (NJDGE) reported a marginal 0.3% year-on-year increase in gambling revenue for November, despite further declines in sports betting.…
PlayStar receives $15m growth investment
PlayStar has received a $15m (£12.1m/€14.1m) equity investment from Meyer Global Management, which will support the operator in its US expansion and further growth plans.…
Nevada gambling revenue reaches $1.28bn in October
Gambling revenue in Nevada amounted to $1.28bn in October, marking the 20th consecutive month in which revenue has exceeded $1.0bn in the US state. Revenue…
Webis Holdings considers M&A activity to support future growth
Webis Holdings, the owner of the advance-deposit wagering operator Watchandwager.com, said it would consider pursuing M&As and new alliances to support future growth plans, with…
BetMGM to fund research on impact of ads on gambling harm
BetMGM has pledged $180,000 to support the International Center for Responsible Gaming (ICRG) and its ongoing research and education initiatives. The grant will be used…
Bally’s closes $500m sale leaseback with private equity firm
Bally’s has closed a deal worth up to $500m (£423.3m/€488.1m) with a real estate private equity firm in Chicago, wherein the firm acquired the 30-acre…