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Business
January 5, 2024
New York Betting Operators Set New $188.3M Revenue Record
Over the last few months, mobile sports betting operators in New York have reported exceptional results. The betting handle reported by the operators in October hit a $2 billion record, making the state the first one to surpass such a sum in wagers. Continuing this upward trend, November marked the second month in a row […]
Industry
January 5, 2024
Report Argues New Jersey iGaming Has Harmed the Economy
The gambling industry can provide significant economic boosts to certain areas, creating new jobs and generating millions in tax money. This argument continues to be used by proponents of the industry in many states where certain verticals are not yet legal. However, a recent report shows that New Jersey’s online casino industry is not as […]
Business
January 5, 2024
IGT’s Stock Rating Lowered amid Ongoing Strategic Review
The globally recognized gaming company, International Game Technology (IGT), observed a dip in its shares after its stock rating was downgraded Thursday. The decision to downgrade the stock by Jefferies came amid concerns about the slow progress of the announced strategic review by IGT. This saw Jefferies downgrade its rating for the leading gaming company […]
Industry
January 4, 2024
Rhode Island’s Betting Industry Posts Suboptimal November Results
The Rhode Island Lottery published information about the performance of the state’s sports betting industry in November. As it turns out, November wasn’t sportsbooks’ best month despite a slight month-on-month increase in bets. According to the report, Rhode Island’s sportsbooks earned a total of $3.31 million in November. Unfortunately, this figure represents both year-on-year and […]
Business
January 2, 2024
Macau GGR Increase in 2023 to Boost Nongaming Investments
Casino operators across Macau wrapped up a successful 2023 with exceptional results achieved in December and overall good performance throughout the year when compared to 2022. The outstanding results will now push the enclave’s six casino operators, Melco, SJM, Wynn, MGM, Sands and Galaxy, to invest more money into nongaming amenities and projects. The reported […]
Industry
January 2, 2024
Ohio’s Betting Industry Recorded $6B in Handle in 2023
Ohio’s flourishing sports betting industry saw punters wager a total of $6 billion within a year of the vertical’s legalization. The Buckeye State greenlit wagering on sports on January 1, 2023, allowing the seventh most populous state in the USA to join the community of states where wagering is legal. For reference, a billion of […]
Business
December 22, 2023
Flutter Entertainment Shares Up 5% as Analysts Remain Optimistic
Renowned betting and gaming operator Flutter Entertainment experienced a significant surge in its share value. Despite increased competition, the company’s FanDuel brand has maintained its leadership position in the USA, and its overseas investments also pay significant dividends. This development aligns with Flutter’s plans to enter the New York Stock Exchange after it stops trading […]
Business
December 22, 2023
Analysts Bullish on MGM, LVS, Penn, Caesars Stock in 2024
Stocks that rely heavily on economic conditions and business cycles are called consumer cyclicals. Such stocks can include companies operating within the retail, housing, automotive and entertainment industries. This includes major gambling operators. According to a newly released report, Citi Research included two leading gaming and entertainment operators within its top choices for consumer discretionary […]
Business
December 21, 2023
Louisiana Betting Handle Soars in November, Sets New Record
The Louisiana Gaming Control Board (LGCB), the gambling regulator in the state, has announced its latest report, uncovering details regarding the performance of mobile and retail sports betting operators during November. Combined, the total handle reported by licensed retail and mobile betting operators last month hit $356.4 million. This figure confirms November was a busy […]
Business
December 21, 2023
Yolo Investments Unveils New €100 Million Fund Targeting Emerging Technologies
Yolo Investments, a leading investment firm specializing in gaming, blockchain, fintech, and emerging technologies, has officially launched its latest flagship investment fund, Yolo Fund II LP. This fund aims to raise a capital of €100 million and should bolster the company’s expansive portfolio in cutting-edge industries, aligning with its long-term goals. The Funding Will Maintain […]
