Finance

13th August 2020

US GGR down 45.6% in H1 as Covid-19 wreaks havoc

US commercial gross gaming revenue (GGR) for the first half of 2020 fell 45.6% year-on-year to $11.70bn, according to the latest figures from the American…

13th August 2020

State of the Union: Caesars, New Jersey, college football and more

This week’s State of the Union, in partnership with Segev LLP, covers the first results update from Caesars Entertainment since the merger between the former…

13th August 2020

NJ sports and igaming grow, but casinos struggle in July

New Jersey’s sports betting revenue climbed 65.2% year-on-year in July, but the state’s land-based casino market saw further declines as it continued to feel the…

12th August 2020

Detroit casino revenue decline widens to 65.0%

The year-on-year decline in revenue for Detroit’s three commercial casinos has widened to 65.0% as of July 31, the final full month the venues will…

11th August 2020

FansUnite completes Askott acquisition

Canadian igaming operator and technology provider FansUnite Entertainment has completed the acquisition of white label solutions provider Askott Entertainment for CAD$27.8m (USD$20.7m) in FansUnite shares.…

11th August 2020

Twin River reports $32.4m first half net loss

Twin River Worldwide Holdings saw revenue for the first half of 2020 fall 47.7% year-on-year,  becoming the latest listed US operator to outline the disruption…

11th August 2020

Canterbury Park posts $925,976 loss following Covid-19 upheaval

Canterbury Park Holding Corporation, operator of Canterbury Park racecourse in Minnesota, has reported a $925,976 net loss for the first half of 2020, after it…

10th August 2020

Indiana sportsbook revenue and handle recover strongly in July

The Indiana Gaming Commission has reported the strongest month for the state’s sports betting market since February, with revenue and handle both soaring in July. …

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!
10th August 2020

Online potential prompts IAC to acquire $1bn MGM stake

Digital media giant InterActiveCorporation (IAC) has acquired a 12% stake in MGM Resorts International, describing the investment as a “once in a decade” opportunity.  IAC,…

7th August 2020

Iowa sports betting revenue up to $2.2m in July

Sports betting revenue in Iowa increased to $2.2m in July as the state continued to recover from the novel coronavirus (Covid-19) shutdown of sports and…

7th August 2020

Century Casinos posts $58.9m H1 loss despite revenue growth

Century Casinos Inc. has reported a net loss of $58.9m for the first half of 2020, despite its US operations driving a 26.2% year-on-year increase…

7th August 2020

Golden Ent exceeds expectations despite 69.4% Q2 revenue drop

Golden Entertainment said results since reopening “have exceeded expectations”, despite a 69.4% drop in revenue to $76.0m in the three months to 30 June and…

7th August 2020

Losses widen at Full House Resorts in first half

US casino operator Full House Resorts has put a year-on-year increase in net loss for the first half of 2020 primarily down to the temporary…

7th August 2020

Combined Caesars-Eldorado business posts $1.17bn loss in H1

Caesars Entertainment Inc. – the new name for the combined Caesars Entertainment Corporation and Eldorado Resorts business – has reported a $1.17bn net loss for…

iGB North America Magazine Issue 44

Read Now