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Business
June 25, 2021
Penn National Gaming Projects Q2 Revenue to Stand at $1.5bn
The announcement comes after the operator unveiled the launch of a $400 million private debt offering for general corporate purposes. Penn Announces $400M of Senior Unsecured Notes Penn National Gaming expects revenue for the period April-June 2021 to range between $1.45 billion and $1.55 billion, which corresponds to an 18% increase compared to Q1. The […]
Industry
June 18, 2021
Massachusetts Casinos Surpass Pre-pandemic Gross Gaming Revenue in May
Last month, the three commercial casinos in Massachusetts raised $87 million in gross gaming revenue. Comparing this number to February 2020, when gaming revenue halted at $85.8 million, we see that the commercial casinos have reached GGR higher than pre-pandemic levels. Gaming Revenue in Massachusetts Surges in May In a report released on Tuesday this […]
Business
June 17, 2021
New Jersey Gaming Revenue Increases in May, Says Report
A new report released by the gaming regulator in New Jersey reveals that gaming revenue in May reached $374.2 million. This represents an increase of 290.4% when compared to the same period last year. NJ Regulator Reveals Gaming Revenue Report for May 2021 A new report released by the Division of Gaming Enforcement in New […]
Sports
June 14, 2021
Illinois Posts April Handle Down 15.2% Month-over-Month
Following a busy two months for the state of Illinois, April numbers fell from March by around 15.2% of the sports betting handle as the college betting craze has subsided a little. Sports Betting Handle Goes Down in April Even though it took a while, Illinois has finally produced the April sports betting results, which […]
Sports
June 14, 2021
Iowa Gamblers Make up for Lost Time as Revenue Tops $1bn in Less Than a Year
Iowa’s gambling market is running strong. The state has 19 commercial casinos, all of which were closed for 11 weeks last year because of COVID-19, and was among the early adopters of sports gambling in 2019. Since then, and despite the issues caused by the coronavirus pandemic, Iowa’s gamblers are helping the state recover quicker […]
Casino
June 9, 2021
Ohio Casinos See Third Straight Month of Revenue Improvements As May Gambling Rises
There is more evidence that the US economy is on the rebound following a disastrous year caused by COVID-19. Several states have already reported significant improvements with their gambling markets and Ohio is proving that the gains are more than just a short-term trend. The state’s 11 casinos and racinos reported significant revenue improvements for […]
Casino
June 9, 2021
Detroit Casinos with $109.7 Million Revenue in May
Detroit casinos have reported $109.7 Million Revenue in May, reporting a significant recovery with only 15% less from slots and table games compared to the same period in 2019. Detroit Casinos with a Serious Outlook Towards Recovery Even though Detroit casinos have operated at a limited capacity in May, they have recorded an aggregate revenue (amounting […]
Casino
June 8, 2021
Maryland Casinos Set Another Record as Revenue Continues to Climb
The DC-Maryland corridor has recently been singled out because of the level of gambling revenue being reported in the area and the trend doesn’t seem to be slowing down. The Maryland Lottery provided an update yesterday on how casinos in the state performed last month, indicating that, collectively, they set a new in-state revenue record. […]
Business
June 3, 2021
ECB Says Digital Money Underpins Financial Stability
Digital currencies issued by central banks in European Union Member States may act as a counterweight to potentially dangerous “artificial currencies.” Digital Currencies Are Coming to the EU A report published by the European Central Bank (ECB) on Wednesday issued a warning to European Union Member States that falling behind on developing a digital currency may have […]
Business
May 27, 2021
Boyd Gaming Looks to Attract $900M through Bond Sale
Boyd Gaming is coming off an eventful year, as are most casino operators around the world. The company has had its ups and downs due to COVID-19 and had previously announced that it was going to offer new bonds in order to raise $750 million. It has now upped its offer and is looking to […]