Business
August 8, 2022
DraftKings’ Q2 revenue rises 57% compared to 2021
Gambling giant DraftKings released the official report on its second-quarter earnings. The company’s revenue and EBITDA exceeded expectations, improving its overall financial forecast for the remainder of the year. DraftKings stocks reacted positively to the news and jumped by nearly 10%. Earnings Exceeded Previous Estimates The gaming operator recorded revenue of $466 million for the […]
Poker
August 5, 2022
WSOP Online 2022 to Keep Poker Players Engaged after WSOP
The world’s richest, most prestigious and longest-running poker brand, The World Series of Poker (WSOP), announced the return of its WSOP Online poker tournament series will mark the tournament’s third year. WSOP Action to Continue Online The WSOP Online 2022 online-only series will take place across WSOP.com in the US and WSOP’s partner GGPoker for […]
Casino
August 5, 2022
Shoalwater Bay Tribe Challenges Maverick Gaming’s Washington Lawsuit
The Shoalwater Bay Indian Tribe appealed to the Washington federal court regarding operator Maverick Gaming’s push to allow sports betting outside tribal venues. Tribe representatives declared that Maverick’s lawsuit directly attacked the tribes and urged the court to dismiss it. Maverick Seeks to Match Tribal Venues The catalyst for this dispute was a legal challenge […]
Poker
August 5, 2022
UFC Fighter Colby Covington Wins First Poker Trophy
The famous MMA fighter, Colby Covington, won his first poker trophy earlier this week. Colby Covington Wins Tournament, Takes Home First Poker Trophy Covington entered Event 22 at the 2022 Seminole Hard Rock Poker Open taking place at the Seminole Hard Rock Hotel and Casino in Hollywood, Florida. The $1,100 Pot-Limit Omaha 8 event attracted […]
Business
August 5, 2022
Rush Street Reveals Q2 Results, Shows Improvement in Revenue
Rush Street Interactive has reported that its second-quarter in 2022 also resulted in a net loss. The Q2 results state that the company’s net loss is $28.3 million and even though revenue has risen 17% YoY (from $122.8 million to $143.7 million), the cost of advertising and promotions rose by 20% as well. The Second […]
Casino
August 5, 2022
Evolution Launches Live Craps Product in Pennsylvania
Evolution has announced a new product launch with the company going live with its Live Craps product in Pennsylvania, marking the latest successful content rollout in the US market. The Keystone State is one of the biggest iGaming markets in the United States presently, making the arrival of fresh content a particularly auspicious development for […]
Industry
August 4, 2022
Fremont Casino’s Sportsbook to Rebrand to FanDuel Sportsbook
An agreement between FanDuel and Boyd Gaming will see the sportsbook at Fremont Hotel Casino in Nevada rebranded as a FanDuel Sportsbook, claims a report in The Nevada Independent. Benefiting from the FanDuel Brand The agreement between Flutter-owned FanDuel and Las Vegas-based Boyd Gaming, which also owns 5% of FanDuel, would rebrand the retail sportsbook […]
Industry
August 4, 2022
PENN Entertainment Posted Q2 2022 Results, Changed Name
Penn National Gaming released its report reflecting the company’s performance in the second quarter of the year and announced its new name, PENN Entertainment. Net Income Sank PENN reported $1.63 billion in revenue for the three months ended June 30, 2022, to post an increase of 5.2% compared to $1.55 billion in second quarter 2021 […]
Industry
August 4, 2022
Bally’s Reported Q2 2022 Results, Revised Full Year Guidance
Hospitality, gaming and entertainment company Bally’s Corporation released today its financial results for the second quarter of the year posting 106% growth in revenue year-over-year. Revenue more than Doubled For the three months ended June 30, 2022, Bally’s Corporation generated revenue of $552.5 million to more than double the $267.7 million the gaming and entertainment […]
Casino
August 4, 2022
Proposition 27 Poll Shows High Voter Awareness & Low Support
Proposition 27, the online sports gambling proposition funded by out-of-state corporations to legalize online and mobile sports betting in California, has been the subject of a poll by the Yes on 26/No on 27 campaign. The poll’s results were summarized by FM3 Research, one of the state’s biggest ballot measure polling firms. According to the […]
