Finance
DraftKings ends 2020 with strong Q4 showing as revenue grows 98%
DraftKings’ full-year revenue for 2020 finished up 49.0%, after the daily fantasy and sports betting operator ended the year by almost doubling revenue in the…
Combined Caesars-Eldorado business loses $2.72bn in first year
The combined Caesars-Eldorado business, now trading as Caesars Entertainment, brought in $6.10bn in 2020, down 42.5% from 2019’s combined revenue, and posted a $2.72bn loss…
Colorado sports betting reaches new heights with record January
Colorado set new sports betting and handle records in January, with more than $1.5bn having been wagered in the US state since its regulated market…
Nevada sportsbooks enjoy strong start to 2021
Nevada gaming revenue improved month-over-month in January, though lagged behind prior year levels, while the state’s sportsbooks posted strong figures for the month. January revenue…
Ex-MGM CEO Murren targets gaming industry with second SPAC
Former MGM Resorts chief executive Jim Murren has launched a second special purpose acquisition company (SPAC), Acies Acquisition II, with plans to acquire a gaming…
theScore sets pricing for IPO at $27 per share
Score Media and Gaming (theScore) has announced the pricing of the public offering of its Class A subordinate voting shares in the United States and…
CDI swings to 2020 loss despite Q4 recovery
Racetrack and gaming operator Churchill Downs Incorporated (CDI) made a loss of $81.9m in 2020 as revenue dropped 207% to $1.05bn, but the business experienced…
Churchill Downs to sell Illinois’ Arlington Racecourse site
Churchill Downs Incorporated has launched the process to sell the Arlington International Racecourse in Arlington Heights, Illinois, with plans for the new owner to redevelop…
theScore moves ahead with US IPO plans
Canada’s Score Media and Gaming (theScore) has launched a public offering of Class A shares in the US and Canada, which it aims to list…
Lottery.com set for $45m growth fund when Trident deal closes
Lottery broker and information portal Lottery.com will go public on the Nasdaq exchange after reaching a definitive agreement for a merger with special purpose acquisition…
US commercial gaming revenue plummets to lowest mark since 2003
The American Gaming Association (AGA) has revealed that total commercial gross gaming revenue in the US in 2020 came to $29.98bn, the lowest figure since…
State of the Union: Canada, Michigan, New Jersey and more
This week’s State of the Union, in partnership with Segev LLP, includes efforts to introduce single-event wagering in Canada, January sports betting and igaming revenue…
NJ smashes sports betting and igaming revenue records in January
New Jersey set a new sports betting revenue record in January, while the state also became the first in the US to see monthly online…
Boyd swings to 2020 loss as revenue drops 34.5%
Boyd Gaming Corporation saw revenue decline 34.5% year-on-year in 2020, as the fourth-quarter recovery of regional casinos wasn’t enough to prevent the operator slipping to…