Finance
Detroit casino GGR falls 59.3% in H1 after Covid-19 closures
Michigan’s three commercial casinos – MGM Grand, MotorCity Casino and Greektown Casino, all located in Detroit – brought in a combined $299.2m in revenue, down…
Delaware igaming stakes top $100m so far in 2020
Delaware saw a third consecutive month where online gaming handle topped $20m in June, although figures were slightly down on April and May. Online gaming stakes…
Mississippi betting market swings to a loss in June
Mississippi’s sports betting market posted a $62,230.77 loss for June, after the state’s northern casinos posted heavy losses on basketball betting for the month. The…
Eldorado-Caesars to sell trio of IN casinos to complete merger
The Indiana Gaming Commission has approved the proposed merger between Eldorado Resorts and Caesars Entertainment, but has ordered the combined entity to sell three casinos…
Indiana sports betting market suffers June dip
Indiana’s regulated sports betting market saw revenue and handle decline in June, despite the state’s land-based casinos reopening midway through the month. Amounts wagered across…
Iowa sports betting market continues to recover in June
Figures released by the Iowa Racing and Gaming Commission show that sports betting revenue in the state amounted to $620,740 in June, an increase of…
State of the Union: PointsBet, OK, CA and more
This week’s State of the Union, in partnership with Segev LLP, includes the first partnership between a sportsbook and a Major League Baseball team, as…
Nasdaq writes to Newgioco over results delay
The Listing Qualifications Department of the Nasdaq stock exchange has written to betting and gaming operator and supplier Newgioco Group after it failed to file…
MGM and GVC increase BetMGM investment to $450m
Shareholders of Roar Digital, the joint venture between MGM Resorts and GVC Holdings, have committed to a second round of investment in the business, bringing…
State of the Union: Michigan, Nevada, Golden Nugget and more
This week’s State of the Union, in partnership with Segev LLP, covers the opening of Michigan’s application process for online sports betting and igaming licences,…
Nevada gaming revenue down 99.4% in May
Nevada gaming revenue fell 99.4% year-on-year to just $5.8m in May, though this total represented an improvement on April’s $3.6m total. The state’s casinos remained…
PlayAGS faces class action lawsuit over securities purchases
A class action lawsuit has been filed against PlayAGS after the gaming technology supplier was accused of failing to disclose information about its business, operations…
Galaxy sees Q1 revenue fall 15.9% amid Covid-19 closures
Table games supplier Galaxy Gaming has reported a 15.9% year-on-year decline in revenue for the first quarter of 2020, primarily due to the closure of…
Golden Nugget online gaming to go public on Nasdaq
Golden Nugget Online Gaming will go public on the Nasdaq exchange following a special-purpose reverse merger with blank check company Landcadia Holdings II. Golden Nugget Online…