Finance
Golden Nugget parent to go public through SPAC combination
Fertitta Entertainment, the parent company of Golden Nugget operator Landry’s, is to list its shares on the New York Stock Exchange through a merger with…
Sportech agrees to sell Bump 50:50 to Canadian Banknote
Betting technology supplier Sportech has agreed to sell its Bump Worldwide business, which includes the Bump 50:50 brand, to currency printing business Canadian Banknote for…
Casino closures hit Rhode Island betting market in December
The closure of Rhode Island’s two casinos for much of December led to the state’s sportsbook handle and revenue falling during the month. The Bally’s…
State of the Union: Las Vegas Sands, Monkey Knife Fight, NY and more
This week’s State of the Union, in partnership with Segev LLP, includes Las Vegas Sands’ announcement of its new permanent chief executive following Sheldon Adelson’s…
Covid impact leads Las Vegas Sands to $2.18bn loss in 2020
Las Vegas Sands made a loss of more than $2bn with revenue falling 73.7% to $3.61bn for 2020, as new chief executive Robert Goldstein announced…
Scientific Games hires new investor relations lead
Scientific Games has named Jim Bombassei as senior vice president of investor relations, in a dual role that also covers its free-to-play gaming subsidiary SciPlay…
Tennessee sports betting handle jumps to $180.9m in December
The Tennessee Education Lottery (TEL) has published sports betting figures for December, the second month of legalized wagering in the US state, during which revenue…
Everi swings to loss following Covid-19 disruption in 2020
Casino content and financial technology provider Everi Holdings expects 2020 revenue to fall by up to 27.8% year-on-year, and to post a net loss, after…
Colorado sets new sports betting handle record in December
The Colorado Department of Revenue has reported a new monthly sports betting handle record for December, but also revealed a decline in gross gaming revenue…
Full House expects Q4 earnings growth despite revenue dip
Full House Resorts expects revenue for the fourth quarter of 2020 fall year-on-year, though earnings are set to grow significantly, as it prepares to significantly…
High hold helps MS betting revenue double in December
A 14.04% win percentage saw Mississippi’s sports betting revenue more than double year-on-year in December 2020. Amounts wagered were up 12.7% from December 2019 at…
PA sports betting and igaming revenue records tumble again in December
The Pennsylvania Gaming Control Board (PGCB) has again reported new record monthly revenue totals for sports betting and online gambling in December, though the US…
Genius to form new holding company for NYSE listing
Genius Sports Group will form a new holding company, Galileo NewCo, for the proposed business combination with dMY Technology Group II that will see the…
Jason Ader launches new SPAC targeting gaming acquisitions
26 Capital Acquisition Corp, a special purpose acquisition company (SPAC) founded by activist investor Jason Ader, will list on the Nasdaq today (15 January) following an initial…