Finance
NorthStar Gaming completes reverse takeover
Ontario-based online casino and sportsbook operator NorthStar Gaming has announced the completion of its reverse takeover of Baden Resources. Under the arrangement that was unveiled…
RSI to prioritize investments as net loss widens in FY22
Rush Street Interactive (RSI) said it will continue to be “selective” with investments after the group reported an increased net loss for its 2022 financial…
Everi revenue up in Q4 and FY, despite rising costs
Everi recorded revenue of $782.5m (£648.6m/€732.2m) for its full year 2022 results, a period where the business saw record quarterly revenues and made a number…
Nevada gambling revenue rises 18% year-on-year in January
The Nevada Gaming Control board reported an 18.0% year-on-year rise in gambling revenue in the US state during January, with growth across all key markets.…
DC sports betting market continues to decline in January
Sports betting handle and revenue in Washington DC fell month-on-month again in January, while the market also experienced a year-on-year decline. Player spending in January…
Webis expects “significant” trading improvement with new marketing strategy
Webis Holdings, the owner of the advance-deposit wagering operator Watchandwager.com, has forecast an improvement in trading for the second half of its financial year with…
Record Q4 helps GLPI to full-year growth in 2022
Gaming and Leisure Properties Inc. (GLPI) reported a year-on-year increase in revenue and net profit for its 2022 financial year following a record performance by…
Bally’s confirms $425.5m net loss for 2022
Bally’s Corporation posted a net loss of $425.5m for its 2022 financial year, primarily due to impairment charges, though the operator was able to report…
Revenue reached record $1.81bn at CDI in 2022
Churchill Downs Incorporated (CDI) achieved record revenue during its 2022 financial year, driven by the acquisition of new casino properties and the removal of pandemic-related…
Michigan breaks igaming record for fourth consecutive month in January
Michigan reported $187.3m in internet gaming revenue for January, a decrease of 7.1% from December, while also reporting record online gaming gross receipts for the…
Pennsylvania gambling revenue up 18.2% year-on-year in January
Gambling revenue in Pennsylvania increased 18.2% year-on-year in January after the state reported growth across almost all market sectors. Revenue for the month – comprising…
DraftKings raises revenue guidance after successful Q4
DraftKings has raised its 2023 revenue guidance to $2.95bn, up from $2.90bn, after experiencing “better than expected” sportsbook results – among other successes – in…
New Jersey sees record Super Bowl win
New Jersey’s sportsbooks saw record Super Bowl win of more than $12m for this year’s championship game, while strong sports betting figures saw a rise…
CDI closes $197.2m sale of Arlington Heights property to Chicago Bears
Churchill Downs Incorporated (CDI) has completed the sale of a property in Arlington Heights, Illinois, to nearby National Football League (NFL) franchise the Chicago Bears.…