AGA reports record quarterly US revenue with 13th straight quarter of growth
March marked the 13th consecutive quarter of growth in US gaming revenue, according to the AGA’s Commercial Gaming Revenue Tracker. The tracker provides state-by-state and cumulative insights into the...
View ArticleGambling.com reports record Q1 revenue
Revenue was up 9.4% compared to Q1 2023. Elias Mark, chief financial officer of Gambling.com Group, noted that the revenue growth was in spite of specific growth opportunities available in Q1 2023....
View ArticleGovernment to lift ban on direct debit card gaming machine use
The consultation response was published today (16 May). This forms part of the government’s smarter regulation programme of regulatory reform measures. The reform was brought about by the publication...
View ArticleNew Jersey gambling revenue up in April despite land-based decline
Total revenue was comfortably higher than $462.7m in April last year. However, the figure fell 3.0% short of the $526.6m reported in New Jersey in March this year. Beginning with land-based casino,...
View ArticleStar Queensland casino licence suspension pushed back again
Star was sanctioned in Queensland in December 2022 over a series of failings in the state. The operator was slapped with a fine of AU$100.0m (£52.6m/€61.4m/US$66.7m) and informed its licence would be...
View ArticleAustralian A-League footballers charged over alleged betting corruption
The A-League footballers, who have not been named, all play for a team located in south-west Sydney. The players have been bailed and will appear in court soon to hear more on the corruption charges....
View ArticleUS April round-up: Kansas revenue rises, DC reports decline
Total market revenue in Kansas increased 13.0% to $10.4m (£8.2m/€9.6m). However, April was not so positive for DC, with revenue down 59.5% to $526,689 from last year. Starting in Kansas, not only was...
View ArticleBetter Collective upgrades full year guidance after acquiring AceOdds
Better Collective purchased AceOdds, a multi-language sports betting company, for €42m (£35.9m/$45.5m). The transaction took place on a net cash/debt free basis and implies a 12-month EBITD multiple...
View ArticleXLMedia eyes US growth after posting full-year net loss in 2023
XLMedia sold the assets to Gambling.com Group in April for a total consideration of $42.5m (£33.6m/€39.2m). The deal includes an initial $20.0m, with the rest, including a possible $5.0m earn-out...
View ArticleGLPI acquires three Nevada and South Dakota casino resorts for $105m
GLPI acquired the real estate assets of Baldini’s Casino in Nevada, as well as the Silverado Franklin Hotel & Gaming Complex and the Deadwood Mountain Grand (DMG) casino in South Dakota. The...
View ArticlePennsylvania gaming again breaks $500m milestone
Some $504.6m (€464.8m/£398.1m) of revenue was recorded for the month, according to figures published by the Pennsylvania Gaming Control Board (PGCB). That was up 5.9% compared to April 2023. The...
View ArticleState of the Union: A look back at the week that was in North America
Nevada to Dave & Buster’s: No betting The Nevada Independent reported that Nevada is the latest state to take notice of Dave & Buster’s plan to offer betting among friends. Gaming Control...
View ArticleGermany experts reject sports sponsorship ban
The experts pointed to sponsorships’ importance to sports in Germany and the subsequent loss of funding such a ban would cause as the primary reason for its rejection. However, managing director of...
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In first full month, bettors wager $649m in North Carolina
Operators went live in North Carolina 11 March, ahead of the NCAA men’s and women’s basketball tournaments. Consumers wagered $659.3m during the three-week span in the opening month. But during that...
View ArticleStar confirms interest over potential Hard Rock consortium investment
Reports emerged earlier today (20 May) that Hard Rock was part of a group seeking to invest in Star. News broke in the Australian Financial Review and has also been reported elsewhere. Reports suggest...
View ArticleMinnesota sports betting bill dead at end of chaotic, marathon day
Instead, Minnesota’s session has been marred by the arrest of a state senator and mired in partisan politics. Although the house voted to convene on Monday (20 May) at 10am, the senate is adjourned...
View ArticleSkyCity and Austrac reach agreement over AU$67m penalty
Agreed with the Australian Transaction Reports and Analysis Centre (Austrac), the proposal is now with the Federal Court of Australia. SkyCity and Austrac have put forward separate submissions for...
View ArticleM&A round-up: acquisition deals agreed for No Limit and Wyoming Downs
Both M&A deals were announced late last week. Greenlite did not disclose financial details of the No Limit agreement nor did Clairvest of the Wyoming Downs purchase. Starting with Greenlite, the...
View ArticlePointsBet upgrades FY24 EBITDA guidance
PointsBet’s normalised EBITDA loss for FY24 is now expected to be between AU$4m (£2.1m/€2.4m/US$2.6m) and $6m. Previously, the normalised EBITDA loss was estimated between $9m and $14m for the year....
View ArticleEntain granted unconditional licence to operate in Nevada
The licence for Entain was approved unanimously by the Nevada Gaming Commission (NGC) on 1 May. The licence was then issued on Thursday 16 May in a second hearing with presentations from Entain’s...
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