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Business
March 13, 2024
Betting Handle in Indiana Hits $409 Million for February
Despite the positive impact of the Super Bowl last month, sportsbooks in Indiana posted a month-over-month decrease in betting handle and revenue, data released by the gambling regulator in the state, the Indiana Gaming Commission (IGC) reveals. In February, the total reported handle by licensed sports betting operators in the state was $408.7 million. This […]
Business
March 12, 2024
IGT Achieves FY 2023 Goals Ahead of Milestone Merger
International Game Technology (IGT), a global leader in the gaming industry, reported robust fiscal year 2023 financial results, achieving all of its financial targets ahead of the planned merger of its Global Gaming and PlayDigital businesses with Everi Holdings Inc. IGT’s management remain optimistic, projecting new investment opportunities and stable growth. The Company Accomplished Record […]
Business
March 12, 2024
Rush Street Interactive Eyes Expansion Following Robust FY 2023
Rush Street Interactive (RSI), a prominent player in the online casino and sports betting sphere across the Americas, has reported impressive financial results for the fourth quarter and full year ending 31 December 2023, sparking discussions about potential expansion opportunities. The company’s recent earnings call highlighted its robust strategic position, forming a stable foundation for […]
Industry
March 11, 2024
Tennessee Sees 13.4% YoY Increase in Sports Betting Handle despite Monthly Decline
Tennessee’s sports betting landscape witnessed a substantial 13.4% year-over-year surge in the handle, reaching $378.2 million in February. While this marks the third consecutive month of decline in the state, the gross handle for February was still 15.6% higher than the same month last year. However, it fell short by 18.8% compared to the $465.8 […]
Business
March 11, 2024
NY State Players Spend $1.77bn on Online Sports Bets in February
Last month, New York announced record-breaking online sports betting revenue for January 2024, continuing its uninterrupted online sports betting revenue records one month after the next. Licensed sportsbooks reached a total sports betting gross gaming revenue of $211.5 million, as officially reported. The February 2024 numbers are in and this is what they look like. […]
Business
March 8, 2024
Veikkaus Posts 2023 Results in Line with Expectations
The Finnish state-owned and monopoly operator, Veikkaus, released its latest financial report, uncovering details regarding its performance throughout 2023. Overall, Veikkaus Group’s sales revenue last year halted at €1.03 billion ($1.13 billion). This result, compared to the 2022 figure, showed a slight 3.5% decrease year-over-year. On the other hand, profits for the fiscal year reported […]
Business
March 8, 2024
Danske Spil Posts FY 2023 Results, Highlights 6% Increase in Net Income
Danske Spil, Denmark’s state-owned lottery and betting operator, has published its FY 2023 results, reporting a slight increase in overall revenue. Data shows that the company’s lottery businesses fared well but the casino and sports betting businesses experienced a decline. Revenue in 2023 reached DKK 5.04 billion ($0.74 billion), up from DKK 4.98 billion in […]
Business
March 8, 2024
Betr Raises $15M to Drive Expansion in Sports Gaming and Media
Betr Holdings, Inc., a prominent player in the sports gaming and media industry, has recently secured $15 million in strategic equity financing, marking a significant milestone in its journey to accelerate growth across various divisions. Betr Holdings Raises $100M in total, Valued at $375M This financing, obtained from a premier group of investors, brings Betr’s […]
Business
March 7, 2024
Super Group Reports Best Q4 in History in 2023, Shares Jump
The NYSE-listed international digital gaming company that offers first-class entertainment to the betting and gaming world, Super Group, has announced its financial reports for the full year 2023 and the fourth quarter of 2023. With a guidance-exceeding record revenue of €1.4 billion ($1.52 billion) for 2023 and the highest total revenue registered during a fourth […]
Business
March 7, 2024
Entain Reports Favorable FY 2023 Results Despite Setbacks
Global betting and gaming powerhouse Entain has published its FY 2023 report, highlighting favorable results across the board despite the recent decline in share price. As reported by the company, its total group net gaming revenue increased by 14% to £4.83 billion. Entain emphasized that 100% of its revenue came from regulated or regulating markets. […]
