Finance
State of the Union: FanDuel, Canada, Colorado and more
This week’s State of the Union, in partnership with Segev LLP, includes Flutter’s pruchase of a further 37.2% of FanDuel, the Canadian Government’s decision to…
Flutter ups FanDuel stake to 95% in $4.18bn deal
Paddy Power Betfair and Pokerstars owner Flutter Entertainment has conditionally agreed to purchase a further 37.2% stake in US betting and daily fantasy sports brand…
MGM Resorts raises $700m from MGP units redemption
MGM Resorts International has raised $700m after arranging for real estate investment trust (REIT) MGM Growth Properties (MGP) to redeem 23.5m operating partnership units. The…
Colorado sports betting GGR rockets to record $17.4m in October
The Colorado Department of Revenue has revealed that a record monthly handle of $210.7m in October helped drive the state to a new gross gaming…
Pennsylvania Gaming Dashboard – November 2020
Pennsylvania’s igaming vertical broke revenue records for the third consecutive month, while online sports betting GGR rose to a high of close to double the…
Rush Street Interactive raises guidance after Q3 revenue skyrockets
Rush Street Interactive – the digital arm of Rush Street Gaming – has raised its full-year revenue guidance by 20% to between $265m and $275m,…
Nevada sets new betting handle record in October
The latest figures from the Nevada Gaming Commission show the state narrowed its year-on-year decline in gaming revenue to 19.0% in October, while the state’s…
New Jersey iGaming Dashboard – November 2020
New Jersey’s igaming vertical enjoyed its best month ever in October, with revenue crossing the $90m mark for the first time since the market became…
Mobile drives NH sports betting revenue up to $4.2m in October
The New Hampshire Lottery generated $4.2m in gross gaming revenue (GGR) from sports betting in October, as the state reported month-on-month growth across both mobile and…
Iowa sports betting dashboard – November 2020
Iowa’s sports betting market scored a trifecta last month, breaking the previous records for online handle, online revenue and combined online and retail turnover. iGaming…
OR’s Score Board breaks revenue and handle records in October
The Oregon Lottery’s Score Board sports betting app set a new monthly handle record in October, with revenue jumping 86.7% month-over-month. Gross gaming revenue for…
Delaware sports betting revenue up again in October
Delaware’s sports betting market posted its second highest revenue figures of the year to date in October, though this represented an 11.7% year-on-year decline. Revenue…
NeoGames prices $81.7m IPO
Online lottery solutions provider NeoGames raised $81.7m through initial public offering, after selling 4.8m shares, priced at $17.00 apiece. The initial public offering, which sees…
Lottery.com to go public through SPAC combination
Lottery broker and information portal Lottery.com will go public on the Nasdaq exchange through a reverse merger with special purpose acquisition company Trident Acquisition Group…