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Industry
June 10, 2024
NY Betting Handle Exceeds $200M Once Again
The New York State Gaming Commission has published a new financial update on the state’s sports betting industry. According to official data, the monthly wagering GGR exceeded $200 million for the second time ever. As mentioned, GGR stood at approximately $200 million, marking the second time New York has pulled off such a feat. For […]
Industry
June 10, 2024
Maine’s Betting Handle Grows, Revenue Continues to Decline
Maine published data about the financial performance of its sports betting industry in May, posting a decline in revenue in spite of an increase in betting handle. In total, sports bettors spent $39.9 million on sports wagers in May. This represents a 4.2% month-on-month increase from the figures posted in April. Despite the increase, sports […]
Industry
June 10, 2024
North Carolina’s Betting Revenue Drops 40.1% in the Market’s Second Full Month
North Carolina’s sports betting market experienced a significant downturn in its second full month of operations, with revenue plunging by 40.1%. The regulated sector still contributed substantially to the state’s budget. These funds will be instrumental in enhancing gambling harm protection efforts and financing various education and community-facing initiatives. All Metrics Recorded Notable Decreases According […]
Business
June 7, 2024
CBRE Experts Bullish on Wynn Resorts’ Al Marjan Island Project
Wynn Al Marjan Island, Wynn Resorts’ much-anticipated luxury resort in Ras Al Khaimah, United Arab Emirates (UAE) is currently under development. The resort represents an investment close to $4 billion with Wynn’s share being around $900 million. The new luxury resort is expected to bring economic stimulus to the region while granting Wynn unique growth […]
Business
June 6, 2024
Eminence Capital Becomes Entain’s Fourth Largest Shareholder
Ricky Sandler, CEO of Eminence Capital, has increased his stake in Entain to 5.18%, making Eminence Capital the fourth largest shareholder of the FTSE 100 firm. On 3 June, Sandler acquired an additional 7.1 million shares, bringing Eminence Capital’s total holdings in Entain to 37,154,030 shares, thus surpassing the 5% reporting threshold. Entain Is Increasingly […]
Business
June 5, 2024
FanDuel Maintains Leadership Position, Suggests JMP Securities
Within the flourishing legal betting market in the United States, there are two major operators constantly competing for dominance, FanDuel and DraftKings. The two hold an estimated 80% of the legal betting sector in the country, reaffirming their unquestionable leadership position. Now, according to a new report, while competition between the duo continues, FanDuel is […]
Business
June 5, 2024
Gaming Innovation Group Confirms Completion of SEK 100M Share Issue
The leading iGaming technology company, delivering services, solutions and products for gambling operators across the globe, Gaming Innovation Group (GiG), announced it has raised approximately SEK 100 million ($9.6 million) after issuing more than 3.2 million shares to existing shareholders and new investors. Details regarding the strategic move emerged Tuesday with GiG confirming that its […]
Business
June 4, 2024
Bragg Gaming Appoints Robbie Bressler as Interim Chief Financial Officer
Bragg Gaming Group, a leading global iGaming technology and content provider, announced today the appointment of Robbie Bressler as interim chief financial officer, effective 1 July 2024. Bressler’s industry expertise will be invaluable for helping the company capitalize on emerging growth opportunities and achieve sustained profitability despite rising macroeconomic challenges. The New Interim CFO Has […]
Business
June 4, 2024
AGA CEO Expects Asian Market Growth Due to High Interest in Life Experiences
Bill Miller, the president and chief executive officer of the premier national trade group for the US casino industry, the American Gaming Association, has expressed his views on the future of gaming jurisdictions in Asia. Miller said he expects these jurisdictions to hold on to their strong growth momentum in the years to come, stimulated […]
Business
June 3, 2024
PENN Entertainment Shares Soar amid Activist Investor Criticism
After an activist investor in PENN Entertainment sent a letter to the company’s board of directors, the leading gaming and entertainment operator’s shares marked an uptick. In the letter, a six-page long document, PENN’s shareholder, Donerail Group, encouraged the company to consider divesting assets in order to create value that is certain and meaningful for […]
