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Business
December 21, 2023
Michigan Betting Handle Sets Record in November amid ESPN Bet Launch
Earlier this week, the gambling regulator in Michigan, the Michigan Gaming Control Board (MGCB), released its latest report, uncovering details regarding the performance of commercial and tribal online gambling and betting operators. In total, gross receipts from sports betting and online gambling hit $209.2 million in November, representing a 1,9% increase when compared to the […]
Business
December 20, 2023
Americans Wager $79bn in a Record-Breaking Year
The American Gaming Association (AGA)’s recent report reveals an impressive surge in the US gaming industry, with Americans contributing to a remarkable 33% increase from the previous year’s betting volumes, setting the stage for a record-breaking year in the gaming landscape. While some segments performed better than others, the sector’s success is indisputable. The Sector […]
Industry
December 19, 2023
Kansas’s Four Casinos Post Mixed Results in November
The Kansas Racing and Gaming Commission published information about the state’s gambling revenues in November. The report was mixed, showing that two of the state’s four casinos posted revenue increases, while the remaining two’s revenues declined. The figures reported in this article are unaudited and based on figures from the Kansas Lottery Central Computer system. […]
Business
December 15, 2023
Mohegan’s Q4 Fiscal Results Highlight Growth and Diversification
The Mohegan Tribal Gaming Authority recently released its fourth-quarter fiscal results ending 30 September 2023, showcasing notable strides in revenue diversification despite inconsistent results across some metrics. The company’s dedication to its customers and employees also set it apart from the competition, as management remained confident in its 2024 prospects, placing significant hope in its […]
Industry
December 12, 2023
NY Mobile Betting Reports $2B in Handle for the Second Month in a Row
The New York sports betting market continues to post record-breaking monthly results. As reported by the New York State Gaming Commission, sports betting operators in the state recorded betting handle of $2.1 billion in November. This exceeds October’s spectacular results when the industry also exceeded $2 billion in bets, becoming the first state to surpass […]
Business
December 11, 2023
DAZN Seeks to Raise $1B in Funding, Reports Say
Sports streaming service DAZN is seeking ways to raise fresh funding, reports say. According to Bloomberg, the sports streaming giant wants to raise as much as $1 billion through various initiatives. The reports claim that DAZN Bet has been discussing the matter with potential advisers and eyeing a range of capital-raising strategies. Bloomberg also implied […]
Business
December 8, 2023
Adelson Completes $2 Billion Stock Sale, Paving the Way for the Dallas Mavericks Purchase
Gambling industry stakeholders are keenly observing the details surrounding the Dallas Mavericks purchase, as it fueled speculations about the future of legalized gambling and sports betting in Texas. The deal should be completed by the year’s end as the team changes hands to the Adelson family, one of the gambling industry’s most famous billionaire magnates. […]
Industry
December 8, 2023
Flutter Entertainment, Ready to Exit Dublin Stock Exchange
Earlier in the week, the leading online sports betting and gaming company that operates some of the most innovative, versatile, and easily distinguishable brands, Flutter Entertainment, announced that its UK and Ireland division had committed up to £8 million ($10 million) to charitable initiatives in 2023. The gambling conglomerate also took the opportunity to announce […]
Industry
December 7, 2023
Maine Sportsbooks Report Betting Handle of $37.5M for November
Maine, which is one of the latest states to launch sports betting, has published data about the industry’s performance in November. As it turns out, local players wagered almost $37.5 million during the first month of sports betting in the state. According to the Maine Gambling Control Unit, part of the state’s Department of Public […]
Business
December 7, 2023
GiG Announces the Completion of $81M Senior Secured Bond Issue
Gaming Innovation Group, a company offering cloud-based product and platform services and performance marketing to clients within the iGaming industry, has announced the completion of its latest bond issue. According to the company’s official announcement, it has successfully completed the issuance of 3-year EUR 75 million ($81 million) equivalent senior secured bonds. The bonds are […]
