Finance
Loto Québec 2019-20 revenue down but remains above target
Loto Québec’s revenue for the year ended 31 March dipped by 3.1% to CAD$2.74bn (US$2.08bn) and profit declined to $1.35bn, but the operator said both…
Mississippi sports betting revenue climbs again in August
The Mississippi Gaming Commission has reported a 27.6% year-on-year rise in sports wagering revenue in August, as the US state’s handle more than doubled. Revenue…
Oregon Lottery sets betting handle record in August
Oregon’s SBTech-powered betting app scoreboard took in revenue of $1.7m, up 6.6%, in August, and set a new record for turnover at $25.8m, up 83.8%.…
Michigan betting revenue reaches $1.97m in August
Detroit’s three commercial casinos generated revenue of $69.3m in August, the first results reported since the properties reopened following four and a half months closed…
Sports betting enjoys strong August as NJ recovery continues
The New Jersey Division of Gaming Enforcement (NJDGE) has reported a month-on-month increase in revenue across all gambling segments for August, as the state continued…
theScore to trade on Toronto Stock Exchange from 15 September
Canadian betting and sports media business theScore has received final approval to list on the Toronto Stock Exchange as of tomorrow (15 September), graduating from…
Scientific Games chairman Perelman to sell 34.9% stake
Scientific Games has announced that investor Ron Perelman will sell a 34.9% stake in the supplier for more than $900m to a group of institutional…
Indiana betting revenue tops $100m in first year
Indiana sportsbooks took in revenue of $9.8m in June, up 47.6% from July, as stakes hit $1.20bn and revenue exceeded $100m for the first 12…
DraftKings hands top accounting role to Bradbury
Sports betting and daily fantasy sports operator DraftKings has appointed Erik Bradbury as its new chief accounting officer with immediate effect. Reporting directly to chief…
Iowa’s sports betting handle more than doubles in August
The Iowa Racing and Gaming Commission (IRGC) reported a month-on-month rise in sports betting revenue for August, while the US state also saw its handle…
State of the Union: PointsBet, Covid-19, 5Dimes and more
This week’s State of the Union, in partnership with Segev LLP, covers PointsBet’s first-of-its-kind deal with the University of Colorado Buffaloes, the US gaming market’s…
PointsBet raises AU$70.5m via initial entitlement offer
Online gambling operator PointsBet has revealed it raised a total of AU$70.5m (£51.2m/€43.4m/US$51.1m) through the first stage of its fully underwritten entitlement offer. Launched earlier…
Betting & igaming contribution to US gambling grows in July
US commercial gross gambling revenue (GGR) continued to recover in July as more casinos and other venues reopened following the novel coronavirus (Covid-19) shutdown. Operators…
2020 Kentucky Derby brings in $79.4m in wagers
A total of $79.4m was bet on the 2020 Kentucky Derby, down 52.0% from 2019’s record handle, according to Churchill Downs Incorporated (CDI). Bettors staked…