Finance
Bally’s makes bid to acquire World Poker Tour owner Allied Esports
Allied Esports Entertainment has revealed that Bally’s has submitted a proposal to acquire the business for $100m in cash, stock or both, in a deal…
AGS revenue down 48.6% in 2020
Gaming technology supplier AGS has released its financial results for the fourth quarter and full year 2020, showing total revenues of $167.0m, down 48.6% from…
Bally’s slips to full-year loss as Covid-19 pushes revenue down 28.8%
Bally’s Corporation has reported a net loss of $5.5m for its 2020 financial year after the temporary closure of its land-based casinos in the US…
State of the Union: Las Vegas Sands, Florida, DraftKings and more
This week’s State of the Union, in partnership with Segev LLP, includes Las Vegas Sands’ decision to sell its properties and operations in the US,…
Pennsylvania iGaming Dashboard – February 2021
Pennsylvania’s igaming market grew again in January, continuing its streak of record monthly revenue into 2021, though online betting revenue slowed because of lower margins.…
Sands sells Las Vegas empire for $6.25bn
Land-based gaming giant Las Vegas Sands has agreed to sell all of its Las Vegas properties and operations, in order to shift its focus to…
Iowa sports betting dashboard – February 2021
The introduction of online registration helped Iowa’s sportsbooks reach an all-time high in both handle and revenue last month. iGaming Business and Ficom Leisure are…
New Jersey iGaming Dashboard – February 2021
New Jersey’s online casino market passed another significant milestone last month, pulling in revenues of more than $100m for the first time. iGaming Business and…
IGT posts $838.7m loss as Covid-19 closures drive 2020 revenue down
International Game Technology (IGT) has reported a net loss of $838.7m for its 2020 financial year, after the closure of casinos and other restrictions caused…
SG 2020 revenue declines 19.9% amid lower product sales
Scientific Games saw revenue decline 19.9% to $2.72bn, as product sales collapsed amid land-based closures, but this was partially offset by growth in social and…
Delaware sports betting revenue climbs to $1.7m in January
Sports wagering revenue in Delaware increased 13.3% year-on-year in January, as players in the US state bet $11.7m on sports during the month. Revenue amounted…
Transformational 2020 sees Flutter revenue reach £4.40bn
Flutter Entertainment’s revenue more than doubled on a like-for-like basis in 2020, after the operator completed its acquisition of The Stars Group and bought out…
Virginia attracts $58.9m in sports wagers during first month
The Virginia Lottery has revealed licensed operators processed $58.9m in sports bets during the first 11 days of legal activity in the US state, but…
theScore raises $186.3m in over-allotted IPO
TheScore parent Score Media and Gaming has raised $186.3m after selling 6.9m shares in its initial public offering (IPO) on the Nasdaq exchange. The Canada-based…