Finance
State of the Union: DraftKings, Action 24/7, Nevada and more
This week’s State of the Union, in partnership with Segev LLP, covers DraftKings’ acquisition of Vegas Sports Information Network, the reinstatement of Action 24/7’s Tennessee…
Allied Esports poker assets generate $1.5m profit ahead of Element sale
Allied Esports has reported a $45.5m loss for 2020, though its poker assets such as the World Poker Tour, which it is in the process of divesting,…
Galaxy Gaming revenue drops 52% in 2020
Casino supplier Galaxy Gaming has released its financial results for the fourth quarter and full year 2020, showing a decline in revenue of 52% for…
Rhode Island sports betting revenue falls to $1.5m in February
Rhode Island sportsbooks revenue totaled at $1.5m in February, a 33.0% decrease from February 2020 and 58.5% drop from January 2021. Players wagered $34.1m on…
Allied Esports accepts increased Element offer in WPT bidding war with Bally’s
The bidding war for Allied Esports Entertainment’s poker assets, including the World Poker Tour, took another twist, as Allied’s board agreed to accept an increased…
Colorado sees first sports betting declines in February
The Colorado Department of Revenue has revealed that the US state suffered its first month-on-month declines in sports wagering revenue and handle during February. Gross…
Tennessee sports handle slips to lowest total since opening month
Tennessean sports betting operators processed a total of $176.3m in bets during February, the lowest total for a full month since the US state opened…
Simulated gaming helps GAN revenue grow in 2020
Gaming technology provider GAN saw revenue grow in 2020, but higher expenses led to a loss of $20.2m. Revenue for the 12 months to December…
Full House to raise $40m in stock offering for proposed Illinois casino
Full House Resorts intends to raise $40m through a stock offering in order to “significantly strengthen” its application to build a casino in the northern…
Nevada February revenue down 25.9% YoY after full year of Covid-19 impact
Nevada gaming revenue came to $772.4m in February, the highest total since October 2020, but this was still down 25.9% year-on-year as the state experienced…
LeoVegas shares tradable in US dollars on OTCQX market
Mobile gaming company LeoVegas has today made its shares tradable in US dollars via the US’s OTCQX market. Shares will now be available as F…
State of the Union: Bally’s, Action 24/7, XLMedia and more
This week’s State of the Union, in partnership with Segev LLP, includes Bally’s plans to acquire UK igaming operator Gamesys Group, as well as the…
Allied Esports determines Bally’s bid “superior” to Element agreement
The board of directors of Allied Esports Entertainment has determined that a proposal put forward by Bally’s Corporation to acquire Allied’s poker-related assets is a…
Gamesys and Bally’s agree terms on £2bn merger
The boards of Bally’s Corporation and Gamesys Group have agreed terms on a merger that would see Bally’s acquire Gamesys for £2bn ($2.74bn/€2.31bn). The deal…