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888 Holdings

888 shares dip as 2023 revenue falls 8%

888’s compliance changes in dot.com markets and the implementation of safer gambling policies in the United Kingdom cost the company an estimated £80 million in revenue in 2023.

In a post-close trading update Wednesday, 888 Holdings revealed that total revenue for 2023 fell by 8 per cent to £1.71 billion, with [...]

1 min read

PAGCOR grows revenue to record high €4.68 billion in 2023

State-owned gaming regulator and operator Philippine Amusement and Gaming Corporation (PAGCOR) has reported a 33 per cent increase in gross gaming revenue to a record PHP285.27 billion (approx. €4.68 billion) for 2023.

The record GGR performance is 11 per cent higher than the previous record of PHP256.49 billion set in 2019 [...]

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Kansas sports handle jumps by 43% in December

Kansas’s sports handle jumped by 43 per cent to $259.7 million in December, taking annual wagers to $2.12 billion.

Online wagers in the Sunflower State increased by 46 per cent to $249.1 million, but retail bets decreased by 2 per cent to $10.6 million.

DraftKings had total bets of $104.2 million in [...]

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Kansas gaming revenue rises to $406 million in 2023

Gaming revenue at Kansas’s four land-based casinos rose by 1 per cent to $405.9 million in 2023, after December’s revenue was $37.4 million.

The Kansas Star casino was the largest property by revenue in 2023 at $159.6 million, just ahead of the Hollywood Casino with $158.8 million.

The Boot Hill Casino saw [...]

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Wyoming State Flag

Wyoming sports wagers increase by 11% in November

Wyoming’s sports wagers increased by 11 per cent to $18.5 million in November, as DraftKings continued to dominate the market.

DraftKings has wagers of $12.0 million in the month, a share of 65 per cent. FanDuel was in second place with bets of $3.5 million, ahead of BetMGM with $2.7 million.

Caesars [...]

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West Virginia sports and iGaming bets reach $450 million in December

West Virginia’s wagers on sports betting and iGaming increased by 25 per cent to $450.0 million in December.

Turnover on iGaming was up by 30 per cent year-on-year to $401.3 million, but sports handle fell by 9 per cent to $48.7 million.

Sports betting revenue was down by 28 per cent to [...]

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Indiana sports handle rises 17% in December

Sports handle in Indiana rose by 17 per cent to $503.1 million in December, the second month in a row with wagers above $500 million.

Mobile sports bets were up by 23 per cent to $487.0 million in the month, but retail bets declined by 54 per cent to $16.1 million.

Parlay [...]

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New York commercial casinos report revenue of $680 million in 2023

New York’s four commercial casinos reported revenue of $680.6 million in 2023, a fall of 1 per cent on 2022.

Revenue from table gaming was down by 2 per cent to $187.9 million, while slot machine revenue fell by 1 per cent to $473.4 million.

Poker revenue at the casinos was unchanged [...]

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Maryland sports wagers top $4.6 billion in 2023

Maryland’s sports wagers topped $4.6 billion in 2023, after December’s bets grew by 13 per cent to a new record of $559.9 million.

Mobile betting in Maryland was up by 13 per cent to $541.7 million in December, while retail betting fell by 3 per cent to $18.2 million.

FanDuel had total [...]

1 min read
Maryland

Maryland gaming revenue nears $2 billion in 2023

Gaming revenue at Maryland’s six casinos was $1.98 billion in 2023, after December’s revenue was unchanged at $165.6 million.

Revenue from slot machines in Maryland was up by 2 per cent to $112.4 million, but gaming table revenue fell by 3 per cent to $53.2 million in December.

The MGM National Harbor [...]

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Pennsylvania Lottery sales fall by 20% in November

The Pennsylvania Lottery reported total sales of $445.6 million in November, a fall of 20 per cent on the previous year.

Retail sales were down by 24 per cent in the month to $360.9 million, led by a 16 per cent drop in scratch off game sales to $241.4 million.

Sales of [...]

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Detroit, Michigan

Michigan commercial gaming revenue rises by 6% in December

Gaming revenue at Michigan’s three commercial casinos rose by 6 per cent to $116.2 million in December, the second-best month of 2023.

Adjusted gross revenue from gaming was up by 3 per cent to $111.4 million, while retail betting at Michigan’s casinos had adjusted revenue of $4.8 million.

The MGM Grand Detroit [...]

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