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Business
May 9, 2023
New York Mobile Sportsbooks Enjoy Betting Handle Growth in April
The gambling regulator in New York, the New York State Gaming Commission, has announced its latest report, outlining the performance of mobile sports betting operators in April this year. Judging by the latest figures, sportsbooks enjoyed a busy month with mobile betting handle hitting $1.54 billion, marking an increase when compared to the corresponding period […]
Legal
May 8, 2023
Well Fargo Allegedly Knew of Matthew Beasley’s Ponzi Scheme
Last year, Matthew Beasley, a Las Vegas lawyer and sports bettor, came under fire for alleged participation in a $460-500 million Ponzi scheme. Beasley, who refused to cooperate with the police at first, is believed to have been a part of a group that took money from more than 600 investors to live in luxury. […]
Business
May 8, 2023
Churchill Downs Reports Record-Breaking Kentucky Derby Revenues
A few days ago, the 149th Kentucky Derby ended, crowning Mage as the winner. The horse covered the mile and a quarter in 2:01.57, to the surprise of bettors who believed that either Angel of Empire or Forte will be the winner. Mage’s upset of the Kentucky Derby favorites was a major development that ended […]
Legal
May 8, 2023
Colorado House Passes Controversial Gambling Credits Bill
Colorado has introduced a controversial bill to allow casinos to loan money to their players. While some members of the legislature welcomed the proposal, many believe that it will exacerbate harm by allowing players to wager beyond what they can afford. The measure in question, nicknamed SB23-259, seeks to allow casinos to offer credits to […]
Business
May 5, 2023
DraftKings Enjoys 84% Increase in Revenue for Q1 2023
The leading sports betting operator that has a growing presence within the US regulated gambling market, DraftKings, released its latest trading update, outlining details regarding its performance for the first quarter of 2023. Judging by the recent unaudited figures, the company enjoys a stellar start to 2023 with revenue increasing exponentially on a year-over-year basis. […]
Business
May 4, 2023
PENN Entertainment Posts Decent Q1 Results despite Economic Challenges
PENN Entertainment has posted a report on its financial performance in the first quarter of the year, highlighting a modest revenue increase and a substantial net income rise. As reported by the company, its revenues for the period increased by 7% year-on-year to $1.67 billion in Q1, 2023. In addition to that, the company reported […]
Business
May 4, 2023
GiG Maintains 2022’s Momentum with Impressive Q1 Financials
Gaming Innovation Group (GiG) experienced substantial growth across all primary verticals, smashing last year’s results with a 49% increase in revenue from 2021. The stellar financial results place the company in the perfect position to pursue its long-term strategy and consolidate its presence in its most profitable markets. Revenues Are Up across the Board As […]
Sports
May 4, 2023
Morgan Stanley: Top Five Sportsbook Operators to Grow via Acquisitions
After expressing their belief that gambling in Macau is on the right track for recovery thanks to optimistic 2023 estimates, gambling experts at Morgan Stanley have made fresh speculation on the rising number of sportsbook-related deals that will be sealed in 2023 and beyond. In a note issued to their clients, the analysts working for […]
Business
May 4, 2023
Codere Posts Strong Full Year 2022 Financial Results
The leading multinational gambling operator, Grupo Codere, released its latest trading update Thursday. The company confirmed it enjoyed strong growth in 2022, impacted positively by lifting COVID-related restrictions. As with most entertainment and gambling operators, 2021 wasn’t the best year. This was the period after nearly a full year of the COVID-19 pandemic so there […]
Business
May 4, 2023
EveryMatrix Enjoys Stellar 2023 Start with Strong Q1 Results
The provider of iGaming software, content, solutions and services for sports betting and online gambling operators, EveryMatrix, released its latest trading update, revealing data regarding its performance for the first quarter of 2023. The new figures show that between January 1 and March 31, 2023, the company has seen a strong financial performance that marked […]
