Massachusetts Gaming considering further non-gaming related promotional bans
The first state to consider a non-gaming related promo ban was Ohio. In that state, Fanatics offered promotions that crossed between online sports betting and retail merchandise. Last year, just after...
View ArticleTracking Ohtani’s stolen money directly connects his ex-interpreter to Nix...
ESPN’s Tisha Thompson connected the dots. Sources confirmed that Mizuhara’s gambling-debt payments were deposited into casino accounts and converted into chips. Those chips were then used to gamble,...
View ArticleChina and Las Vegas growth pushes revenue to record $4.38bn at MGM in Q1
For the three months to 31 March, group revenue was 13.2% higher year-on-year. This came as MGM operations in China and Las Vegas more than offset a decline within the Regional business. Las Vegas...
View ArticleBally’s hails “strong” start as revenue rises 3.3% in Q1
On the whole, Q1 proved a successful quarter for Bally’s. CEO Robeson Reeves says that the results show a “strong” start to the year, with growth across two of its three core segments. The North...
View ArticleFlutter shareholders vote at AGM to move primary listing to NYSE
The move from London to the NYSE will be completed by the end of May. As per the AGM, the move reflects “the company’s growth trajectory and changing dynamics of global markets”. The news follows a...
View ArticleRush Street Interactive posts record revenue and adjusted EBITDA in Q1
Revenue for the three months to 31 March amounted to $217.4m (£173.7m/€203.0m). This is 33.9% ahead of Q1 in 2023 and a new quarterly record for Rush Street Interactive. This increase, RSI said, was...
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Survey: Bet365 beats out DraftKings, FanDuel among youngest US bettors
The YouGov survey revealed that DraftKings and FanDuel are still capturing the most usage from older bettors. However, Bet365 is emerging as the dominant sportsbook among those aged 21-24. It ranked...
View ArticlePenn Entertainment upbeat on growth prospects despite 3.8% revenue drop
Revenue was down across all core businesses during the three months through to 31 March. This includes the Interactive segment, which has been a growth area for Penn Entertainment in recent times....
View ArticleVirginia sports handle up 24.2% in March
The Virginia Lottery‘s monthly wagering report for March presents results from both mobile operators and casino retail venues. Beginning with mobile operators, gross sports wagering revenue of $629.7m...
View ArticleOhio betting revenue drops 3.8% in first month since college prop bet ban
The sports betting revenue total of $63.8m in March also fell 33.1% short of the same month last year, when Ohio reported revenues of $95.3m. March 2023 was the third month after Ohio launched its...
View ArticleDraftKings raises full-year guidance after “outstanding” Q1
Revenue for the three months to 31 March was $405m above the $769.7m posted by DraftKings in Q1 of 2023. Such is the confidence of the business that it is increasing full-year guidance for both...
View ArticleVici Properties reveals Q1 growth as $700m Venetian financing confirmed
Total revenue at Vici in the three months to 31 March amounted to $951.5m. This is 8.4% higher than in Q1 of last year, with the group noting several major developments. These include a construction...
View ArticleMacau revenue up 26.0% to MOP18.54bn in April
The monthly figure comfortably surpassed the MOP14.72 posted in April 2023. However, it was 4.9% behind the MOP19.50bn generated in Macau in March of this year. Incidentally, the March figure was the...
View ArticleGames Global confirms launch of IPO
Price for the IPO is set to be between $16.00 (£12.74/€14.89) and $19.00 per share. Games Global has applied to list shares on the New York Stock Exchange (NYSE) under the symbol GGL. The IPO consists...
View ArticleUS TV sports betting ads down by a third from 2021
The study looked at sports betting advertising trends from 2013 to 2023. The AGA noted that TV represents the largest category for sport betting advertisers. Explaining the decrease in sports betting...
View ArticleMissouri sports betting petition submitted with over 340,000 signatures
The “Winning for Missouri Education” group are the petition’s proponents. It is being led by the six Missouri professional sports franchises and seeks to legalise sports betting in the state. The...
View ArticleState of the Union: A look at the week that was in North America
Now Donald Trump Jr. is getting in on the action Donald Trump Jr. is the latest to weigh in on the Alabama legislature’s legal lottery conundrum. The Alabama house passed a stripped down gambling...
View ArticleIowa betting investigation: ‘If they get suspended or a scholarship taken...
In the ongoing investigation around the suspension and arrests of multiple college athletes, the emails shine new light on what motivated at least one investigator. An Iowa betting investigation...
View ArticleOperators favour open DC market, but small businesses voice concerns
Councilman Kenyan McDuffie Monday (6 May) chaired a three-hour hearing in the Business and Economic Development Committee exploring an open DC market. Representatives from BetMGM, Caesars Sportsbook,...
View ArticleCatena implements new operating model following “underperformance” in Q1
Revenue was 49.2% lower at Catena during Q1, with declines reported across all areas of the business. North America revenue halved, mainly due to a drop in sports betting revenue, while rest of world...
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