Penn would survive without ESPN Bet, says Truist report
Truist also upgraded Penn’s rating from Hold to Buy. Last August, following the announcement that Penn would relaunch its Barstool Sportsbook as ESPN Bet in a $1.5bn deal with the broadcasting giant,...
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CFL suspends three-time Grey Cup champion Lemon for betting on own team
Wednesday (24 April), the Canadian Football League (CFL) announced that it is suspending Lemon – who played on three Gray Cup winning teams during his career – indefinitely. Lemon, a South Carolina...
View ArticleNHL Coyotes leave Arizona. What will happen to their event wagering license?
The Arizona Department of Gaming told iGB via e-mail that neither the team nor SaharaBets had been in contact. The NHL is calling the Coyotes franchise “inactive” and the sale to a Utah-based group is...
View ArticleOnline growth softens blow of land-based decline at Boyd in Q1
Revenue for the three months to 31 March amounted to €960.5m (£768.4m/€895.8m). This was only marginally lower than the $964.0m posted by Boyd in Q1 2023. This year, revenue was lower in all three...
View ArticleAristocrat completes acquisition of NeoGames
In May 2023, Aristocrat agreed to purchase NeoGames for $1.20bn (£958.9m/€1.12bn). It was hoped that the acquisition would complete within 12 months. Last week, Aristocrat said the acquisition was...
View ArticleBetsson revels in Q1 growth as operating profit hits record €57.9m
For the three months to 31 March, revenue hit €248.2m (£212.9m/$266.3m). This is 11.9% higher than in Q1 last year, with Betsson reporting growth across several key markets. Among several highlights...
View ArticleSportradar brings in Felenstein as new CFO
Felenstein will replace Gerrard Griffin, whose exit was confirmed by Sportradar earlier this year. Griffin is due to leave the business on 31 May. Felenstein joins Sportradar from Lindblad...
View ArticleNevada gambling revenue drops to $1.29bn in March
March revenue in Nevada fell short of February’s total of $1.34bn, as well as 1.5% behind the same month last year, when the state’s licensees generated $1.31bn in revenue. The state collected $86.5m...
View ArticleKambi pens sportsbook deal with the Choctaw Nation of Oklahoma
Under the deal, Kambi will provide its sports betting technology and services to the Choctaw Nation’s gaming entities. This covers both online and retail sports betting. The Choctaw Nation operates...
View ArticleState of the Union: A look at the week that was in North America
Illinois regulator grants DraftKings full mobile licence Thursday (25 April), the Illinois Gaming Board unanimously awarded DraftKings a four-year mobile and retail licence. The company has been...
View ArticleReduced costs help cut adjusted EBITDA loss at BetMakers in Q3
For the three months to 31 March, revenue hit AU$22.3m (£11.7m/€13.7m/US$14.7m). This is 4.1% lower than the $23.3m BetMakers reported in Q3 of last year. BetMakers put this down to soft Australian...
View ArticleRhode Island sports betting revenue dips in March despite handle increase
Total handle for the month stood at $44.9m, up 8.2% higher than $41.5m in March last year. It is also 15.7% ahead of the $38.8m bet in Rhode Island in February 2023. Of this total, $37.0m was wagered...
View ArticleStar appoints Ward as new chairman following Foster exit
Foster has served as chairman since December 2022, replacing Ben Heap. He joined the Star board in August 2022. Prior to joining Star, Foster worked in finance for over 25 years, including a spell as...
View ArticleMultiple US states considering new betting restrictions
Next week, Wyoming’s regulator will begin its foray into additional athlete protection by exploring the college player prop ban idea. In Pennsylvania last week, State Senator Wayne Fontana filed...
View ArticleArrest of senator in Minnesota could upend sports betting bill, other business
In what could be a blow to the Minnesota sports betting bill, Senator Mitchell was arrested for a burglary that she said is a family situation blown out of proportion. She said in a statement that “I...
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Pagcor reports 42.6% year-on-year increase in record income for Q1
Pagcor income reached ₱25.24bn over Q1. This is a 42.6% rise on the ₱17.70 in income it generated in the first quarter of 2023. Pagcor’s income for Q1 was also its highest ever in a single quarter....
View ArticleUkraine blocks 2,500 illegal gambling sites
The prosecutor general’s office released figures detailing its work to block illegal gambling over 2023 and 2024 so far. It reported that as of April 2024, over 450 alleged illegal gambling offences...
View ArticlePlaytech renews Ontario deal with NorthStar and advances financing
Signed in June last year, the strategic marketing agreement aims to accelerate the NorthStar player acquisition strategy in Ontario. The initial agreement resulted in a total contribution of services...
View ArticleSharp Gaming founder becomes CIO at Betfred as supplier absorbed
Sharp Gaming launched in May 2020 under the leadership of Andrew Daniels, founder of UK agency Degree 53. At the time, it was confirmed Betfred founder Fred Done was backing the venture, committing a...
View ArticleArizona sports betting handle reaches $637.5m in February
Handle for February was some way clear of the $609.3m bet in the same month last year. However, it was 9.8% behind the $706.4m wagered in Arizona in January of this year. Of the total spent during the...
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